Direct Business Systems (Scotland) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC169124 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2014

for

Direct Business Systems (Scotland) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

E J Chambers

Mrs A P Chambers

SECRETARY:

E J Chambers

REGISTERED OFFICE:

10 Hornal Rd

Bothwell Park Industrial Estate

Uddingston

Strathclyde

G71 7EE

REGISTERED NUMBER:

SC169124 (Scotland)

ACCOUNTANTS:

Ballantyne & Company Ltd

Certified Accountants

60 St Enoch Square

Glasgow

Lanarkshire

G1 4AG

FIXED ASSETS

Tangible assets

2

57,683

40,965

CURRENT ASSETS

Stocks

16,727

16,171

Debtors

165,793

201,683

Cash at bank

371,754

273,757

554,274

491,611

CREDITORS

Amounts falling due within one year

244,906

193,700

NET CURRENT ASSETS

309,368

297,911

TOTAL ASSETS LESS CURRENT LIABILITIES

367,051

338,876

CREDITORS

Amounts falling due after more than one year

13,042

-

NET ASSETS

354,009

338,876

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

354,007

338,874

SHAREHOLDERS' FUNDS

354,009

338,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 June 2015 and were signed on its behalf by:

E J Chambers - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

112,622

Additions

41,775

Disposals

(15,995

)

At 31 October 2014

138,402

DEPRECIATION

At 1 November 2013

71,657

Charge for year

19,997

Eliminated on disposal

(10,935

)

At 31 October 2014

80,719

NET BOOK VALUE

At 31 October 2014

57,683

At 31 October 2013

40,965

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

2

ORDINARY

£1

2

2