DIRECT_LAW_ACCIDENT_MANAG - Accounts

DIRECT LAW ACCIDENT MANAGEMENT COMPANY LIMITED - Company Information

Print Friendly Version

Company Registration No. 02855007 (England and Wales)

DIRECT LAW ACCIDENT MANAGEMENT COMPANY LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

DIRECT LAW ACCIDENT MANAGEMENT COMPANY LTD

CONTENTS

WARNING - This report is NOT to be used for accounting periods ending on or after 15 December 2010

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DIRECT LAW ACCIDENT MANAGEMENT COMPANY LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DIRECT LAW ACCIDENT MANAGEMENT COMPANY LTD

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,636

Current assets

Debtors

324,293

Cash at bank and in hand

5,530

329,823

Creditors: amounts falling due within one year

11,891

Net current assets

341,714

Total assets less current liabilities

344,350

Capital and reserves

Called up share capital

2,060

Share premium account

9,980

Profit and loss account

332,310

Shareholders' funds

344,350

Audit exemption statement

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 6 October 2015

Mr C Feldman

Director

Company Registration No. 02855007

DIRECT LAW ACCIDENT MANAGEMENT COMPANY LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

Nil

1.5

Pensions

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 March 2014 & at 28 February 2015

5,932

Depreciation

At 1 March 2014 & at 28 February 2015

3,296

Net book value

At 28 February 2015

2,636

At 28 February 2014

2,636

Share capital

2015

2014

Allotted, called up and fully paid

2,060 Ordinary of £1 each

2,060