Abbreviated Company Accounts - FRIAR COURT FINANCIAL SERVICES LIMITED

Abbreviated Company Accounts - FRIAR COURT FINANCIAL SERVICES LIMITED


Registered Number 04391108

FRIAR COURT FINANCIAL SERVICES LIMITED

Abbreviated Accounts

31 May 2014

FRIAR COURT FINANCIAL SERVICES LIMITED Registered Number 04391108

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Current assets
Debtors - 21,000
Cash at bank and in hand 1,171 104
1,171 21,104
Creditors: amounts falling due within one year (2,235) (20,939)
Net current assets (liabilities) (1,064) 165
Total assets less current liabilities (1,064) 165
Total net assets (liabilities) (1,064) 165
Capital and reserves
Called up share capital 2 2 2
Profit and loss account (1,066) 163
Shareholders' funds (1,064) 165
  • For the year ending 31 May 2014 the company was entitled to exemption 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.

Approved by the Board on 23 February 2015

And signed on their behalf by:
N Parmar, Director

FRIAR COURT FINANCIAL SERVICES LIMITED Registered Number 04391108

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for services provided during the year.
In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Other accounting policies
Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group.

2Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2 Ordinary shares of £1 each 2 2