Company Registration No. 07142990 (England and Wales)
DIRECT 1ST SOLUTIONS LIMITED
Abbreviated unaudited accounts
for the year ended 29 February 2016
DIRECT 1ST SOLUTIONS LIMITED
Abbreviated Balance Sheet
as at
29 February 2016
Intangible assets
8,000
8,500
Cash at bank and in hand
2,956
1,271
Creditors: amounts falling due within one year
(6,453)
(5,393)
Net current liabilities
(3,140)
(4,122)
Called up share capital
100
100
Profit and loss account
4,760
4,278
Total shareholders' funds
4,860
4,378
For the year ending 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 10 June 2016
A M Harding
Director
Company Registration No. 07142990
DIRECT 1ST SOLUTIONS LIMITED
Notes to the Abbreviated Accounts
for the year ended 29 February 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2
Intangible fixed assets
Goodwill
At 29 February 2016
10,000
At 29 February 2016
2,000
At 29 February 2016
8,000
At 28 February 2015
8,500
3
Share capital
2016
2015
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100