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REGISTERED NUMBER: 02417743 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

T.F.S. DIRECT LIMITED
T.F.S. DIRECT LIMITED (REGISTERED NUMBER: 02417743)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

T.F.S. DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTORS: Miss G E Buck
Mr K Woods





REGISTERED OFFICE: 7 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 02417743 (England and Wales)





ACCOUNTANTS: NWN Blue Squared Ltd
Chartered Certified Accountants
7 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
T.F.S. DIRECT LIMITED (REGISTERED NUMBER: 02417743)

BALANCE SHEET
31 JANUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,984 9,173

CURRENT ASSETS
Stocks 350 385
Debtors 5 5,284 -
Cash at bank 37 205
5,671 590
CREDITORS
Amounts falling due within one year 6 9,503 12,925
NET CURRENT LIABILITIES (3,832 ) (12,335 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,152 (3,162 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,052 (3,262 )
SHAREHOLDERS' FUNDS 1,152 (3,162 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 October 2017 and were signed on its behalf
by:




Miss G E Buck - Director

T.F.S. DIRECT LIMITED (REGISTERED NUMBER: 02417743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

1. STATUTORY INFORMATION

T.F.S. Direct Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .
T.F.S. DIRECT LIMITED (REGISTERED NUMBER: 02417743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
Property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2016 4,000 22,850 18,779 5,520 51,149
Additions - 940 - - 940
Disposals (4,000 ) - - - (4,000 )
At 31 January 2017 - 23,790 18,779 5,520 48,089
DEPRECIATION
At 1 February 2016 - 21,823 16,754 3,399 41,976
Charge for year - 295 304 530 1,129
At 31 January 2017 - 22,118 17,058 3,929 43,105
NET BOOK VALUE
At 31 January 2017 - 1,672 1,721 1,591 4,984
At 31 January 2016 4,000 1,027 2,025 2,121 9,173

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Director's current account 5,284 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors - 1,023
Corporation tax 1,669 536
Social security and other taxes - 8,501
Other creditors - 438
Director's current account 5,500 373
Accrued expenses 2,334 2,054
9,503 12,925

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,500 were paid to the directors .

At the balance sheet date, the company owed £216 (2016:£373) to the directors .
T.F.S. DIRECT LIMITED (REGISTERED NUMBER: 02417743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

9. ULTIMATE CONTROLLING PARTY

The controlling party is Miss G E Buck.

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