Downloaded from Datalog REGISTERED NUMBER:

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1 Downloaded from Datalog REGISTERED NUMBER: Abbreviated Unaudited Accounts for the Period 1 January 2013 to 30 June 2014 for D.r.p. Client Services Limited

2 Downloaded from Datalog D.r.p. Client Services Limited (Registered number: ) Contents of the Abbreviated Accounts for the Period 1 January 2013 to 30 June 2014 Page Company Information 1 Abbreviated Balance Sheet 2 Notes to the Abbreviated Accounts 4

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4 Downloaded from Datalog D.r.p. Client Services Limited Company Information for the Period 1 January 2013 to 30 June 2014 DIRECTORS: Mr M Lopez Mrs V Lopez REGISTERED OFFICE: The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY REGISTERED NUMBER: ACCOUNTANTS: Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY

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6 Downloaded from Datalog D.r.p. Client Services Limited (Registered number: ) Abbreviated Balance Sheet 30 June Notes FIXED ASSETS Tangible assets 2 132, ,411 CURRENT ASSETS Debtors 32, ,547 Cash at ban and in hand 257, , ,669 CREDITORS Amounts falling due within one year 340, ,817 NET CURRENT LIABILITIES (49,916) (74,148) TOTAL ASSETS LESS CURRENT LIABILITIES 82,414 61,263 CREDITORS Amounts falling due after more than one year 57,627 50,749 NET ASSETS 24,787 10,514 CAPITAL AND RESERVES Called up share capital Profit and loss account 24,785 10,512 SHAREHOLDERS' FUNDS 24,787 10,514 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2014 in accordance with Section 476 of the Companies Act The directors acnowledge their responsibilities for: ensuring that the company eeps accounting records which comply with Sections 386 and (a) 387 of the Companies Act 2006 and 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 (b) 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.

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8 Downloaded from Datalog D.r.p. Client Services Limited (Registered number: ) Abbreviated Balance Sheet - continued 30 June 2014 The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Directors on 22 December 2014 and were signed on its behalf by: Mr M Lopez - Director

9 Downloaded from Datalog The notes form part of these abbreviated accounts Page 3

10 Downloaded from Datalog D.r.p. Client Services Limited (Registered number: ) Notes to the Abbreviated Accounts for the Period 1 January 2013 to 30 June ACCOUNTING POLICIES Accounting convention The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Turnover Turnover represents net invoiced sales of goods, excluding value added tax. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. Plant and machinery Fixtures and fittings Motor vehicles Computer equipment - 25% on reducing balance - 25% on reducing balance - 25% on reducing balance - 25% on reducing balance Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taen into account in arriving at the operating result. Hire purchase and leasing commitments Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

11 Downloaded from Datalog Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. During the year the Company established an employer financed retirement benefit scheme for the benefit of its officers, employees and their wider families, The DRP Client Services Limited Employer Financed Retirement Benefit Scheme ("The Scheme"). In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the Company does not include the assets and liabilities of The Scheme on its balance sheet to the extent that it considers that it will not retain any economic benefit from the assets of The Scheme and will not have control of the rights or other access to those present Page 4economic benefits. continued...

12 Downloaded from Datalog D.r.p. Client Services Limited (Registered number: ) Notes to the Abbreviated Accounts - continued for the Period 1 January 2013 to 30 June TANGIBLE FIXED ASSETS Total COST At 1 January ,075 Additions 76,544 Disposals (14,125) At 30 June ,494 DEPRECIATION At 1 January ,664 Charge for period 72,673 Eliminated on disposal (7,173) At 30 June ,164 NET BOOK VALUE At 30 June ,330 At 31 December , CALLED UP SHARE CAPITAL Allotted, issued and fully paid: Number: Class: Nominal value: 2 Ordinary RELATED PARTY DISCLOSURES The company entered into a lease agreement with the directors from October 2011 and during the period rent of 38,600 was paid to the directors. The rent will be reviewed annually. D.R.P. Interiors Limited A company controlled by the directors Amount due from related party at the balance sheet date 18,861 21,436

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14 Downloaded from Datalog D.r.p. Client Services Limited (Registered number: ) Notes to the Abbreviated Accounts - continued for the Period 1 January 2013 to 30 June RELATED PARTY DISCLOSURES - continued Mr M Lopez Company director and shareholder. Consultancy Contract The company signed a consultancy agreement for AML contracts to provide the consultancy services of the director listed below to the company as follows: Mar Lopez - 48,000 The amounts charged to the company are accounted for under "Consultancy services" The total value of consultancy services provided was 48,000. The transactions were conducted on an arms length basis, and under normal commercial terms. At the year end and amount of nil was outstanding. This loan is interest free Amount due to related party at the balance sheet date 10,791 23,421 Mrs V Lopez Director. Consultancy Contract The company signed a consultancy agreement for AML contracts to provide the consultancy services of the director listed below to the company as follows: Vicy Lopez - 69,500 The amounts charged to the company are accounted for under "Consultancy services" The total value of consultancy services provided was 69,500. The transactions were conducted on an arms length basis, and under normal commercial terms. At the year end and amount of nil was outstanding.

15 Downloaded from Datalog This loan is interest free Amount due to related party at the balance Page 6sheet date 10,791 23,420

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