Company Registration No. 07142990 (England and Wales)
DIRECT 1ST SOLUTIONS LIMITED
Unaudited accounts
for the year ended 28 February 2017
DIRECT 1ST SOLUTIONS LIMITED
Unaudited accounts
Contents
DIRECT 1ST SOLUTIONS LIMITED
Company Information
for the year ended 28 February 2017
Directors
A M Harding
R M Harding
Company Number
07142990 (England and Wales)
Registered Office
48 FARLEY CLOSE
LITTLE STOKE
BRISTOL
BS34 6HE
DIRECT 1ST SOLUTIONS LIMITED
Statement of financial position
as at
28 February 2017
Intangible assets
7,500
8,000
Cash at bank and in hand
100
2,956
Creditors: amounts falling due within one year
(2,990)
(6,453)
Net current liabilities
(2,603)
(3,140)
Called up share capital
100
100
Profit and loss account
4,797
4,760
Shareholders' funds
4,897
4,860
For the year ending 28 February 2017 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 14 September 2017.
A M Harding
Director
Company Registration No. 07142990
DIRECT 1ST SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 28 February 2017
DIRECT 1ST SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07142990. The registered office and principal place of business is 48 FARLEY CLOSE, LITTLE STOKE, BRISTOL, BS34 6HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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Intangible fixed assets
Goodwill
At 28 February 2017
10,000
At 28 February 2017
2,500
At 28 February 2017
7,500
At 29 February 2016
8,000
DIRECT 1ST SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 28 February 2017
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
2,363
-
Trade creditors
500
6,208
Taxes and social security
127
245
7
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).