Lints Management Services Ltd. - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC402993 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

LINTS MANAGEMENT SERVICES LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

H Lints

REGISTERED OFFICE:

50 Oakhill Road

Aberdeen

AB15 5ES

REGISTERED NUMBER:

SC402993 (Scotland)

ACCOUNTANTS:

Henderson Loggie

Chartered Accountants

48 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

2

1,484

2,145

CURRENT ASSETS

Debtors

32,852

5,000

CREDITORS

Amounts falling due within one year

33,911

7,039

NET CURRENT LIABILITIES

(1,059

)

(2,039

)

TOTAL ASSETS LESS CURRENT LIABILITIES

425

106

PROVISIONS FOR LIABILITIES

297

429

NET ASSETS/(LIABILITIES)

128

(323

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

28

(423

)

SHAREHOLDERS' FUNDS

128

(323

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 6 June 2014 and were signed by:

H Lints - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. The director has reviewed the

company's current contracts, future potential opportunities and liabilities likely to arise in the next 12 months and

has deemed the going concern basis to be appropriate in the preparation of these accounts.

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 services, 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

The tax expense represents the sum of the corporation tax and deferred tax charge for the year.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is

calculated using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is measured on differences between carrying amounts of assets and liabilities in the accounts and

the corresponding tax bases, as used on the computation of taxable profit. Deferred tax liabilities are generally

recognised for all taxable timing differences and deferred tax assets are recognised to the extent that it is

probable that taxable profits will be available. Deferred tax is calculated at the tax rates that are expected to

apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the

profit and loss accounts, except when it related to items charged or credited directly to equity, in which case the

deferred tax is also dealt with in equity.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

2,500

DEPRECIATION

At 1 January 2013

355

Charge for year

661

At 31 December 2013

1,016

NET BOOK VALUE

At 31 December 2013

1,484

At 31 December 2012

2,145

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary share capital

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2013 and the

period ended 31 December 2012:

31.12.13

31.12.12

£

£

H Lints

Balance outstanding at start of year

4,900

-

Amounts advanced

83,721

7,892

Amounts repaid

(66,930

)

(2,992

)

Balance outstanding at end of year

21,691

4,900

This loan is interest free and has no fixed repayment terms.