DIRECT GLOBAL SOLUTIONS LIMI - Accounts 2014

DIRECT GLOBAL SOLUTIONS LIMI - Accounts 2014

DIRECT GLOBAL SOLUTIONS LIMITED - Company Information

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  DIRECT GLOBAL SOLUTIONS LIMITED
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 30 APRIL 2014
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-3 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
         
         
         
         
         
  DIRECT GLOBAL SOLUTIONS LIMITED
  Company registered number: 08015172
  ABBREVIATED BALANCE SHEET
  AT 30 April 2014
           
    Note 2014 2013
      £ £ £
  FIXED ASSETS
  Intangible assets 2 10,500 10,500
  Tangible Assets 3 1,366 767
      11,866 11,267
         
  CURRENT ASSETS
  Debtors falling due within one year   15,723 14,363
  Cash at bank and in hand   12,093 18,968
      27,816 33,331
  CREDITORS: Amounts falling due within one year   30,240 40,701
  NET CURRENT LIABILITIES   (2,424) (7,370)
  NET ASSETS   £9,442 £3,897
       
  CAPITAL AND RESERVES
  Profit and loss account   9,442 3,897
  SHAREHOLDERS' FUNDS   £9,442 £3,897
       
         
  In approving these financial statements as director of the company I hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 09 June 2014
 
 
         
  G D Taylor, Director
   
  The notes on pages 2 to 3 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 30 APRIL 2014
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention.
       
       
1b. Intangible fixed assets: research and development
       
  Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
         
         
1c. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 15%    
  Equipment Reducing balance 15%    
       
       
1d. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1e. Pensions
       
  The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.
       
       
1f. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
  page 2
  DIRECT GLOBAL SOLUTIONS LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 APRIL 2014
       
       
2. INTANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  At 1 May 2013 10,500 -
  Additions - 10,500
  At 30 April 2014 10,500 10,500
  Depreciation
       
  At 30 April 2014 - -
   
  Net Book Amounts
       
  At 30 April 2014 £10,500 £10,500
   
       
       
3. TANGIBLE FIXED ASSETS 2014 2013
    £ £
  Cost
       
  At 1 May 2013 903 -
  Additions 840 903
  At 30 April 2014 1,743 903
   
  Depreciation
       
  At 1 May 2013 136 -
  For the year 241 136
  At 30 April 2014 377 136
   
  Net Book Amounts
       
  At 30 April 2014 £1,366 £767
   
       
       
4. ULTIMATE PARENT COMPANY
       
  The company is a subsidiary undertaking of ... incorporated in ... registered in England and Wales.
       
       
5. RELATED PARTIES
       
  Directors' loans (eg debtors)
  Directors' material interests (eg tranactions with directors)
  Controlling parties.
  page 3