Abbreviated Company Accounts - FLEMING FINANCIAL LIMITED

Abbreviated Company Accounts - FLEMING FINANCIAL LIMITED

FLEMING FINANCIAL LIMITED - Company Information

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Registered Number 04420757

FLEMING FINANCIAL LIMITED

Abbreviated Accounts

31 May 2015

FLEMING FINANCIAL LIMITED Registered Number 04420757

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 304 406
Investments 3 50 50
354 456
Current assets
Debtors 64,013 51,584
Cash at bank and in hand 134,041 167,842
198,054 219,426
Creditors: amounts falling due within one year (65,011) (70,808)
Net current assets (liabilities) 133,043 148,618
Total assets less current liabilities 133,397 149,074
Provisions for liabilities (61) 0
Total net assets (liabilities) 133,336 149,074
Capital and reserves
Called up share capital 4 1,584 1,760
Other reserves 1,936 1,760
Profit and loss account 129,816 145,554
Shareholders' funds 133,336 149,074
  • For the year ending 31 May 2015 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 14 August 2015

And signed on their behalf by:
C P Thomson, Director

FLEMING FINANCIAL LIMITED Registered Number 04420757

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, 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 comprises revenue recognised by the company in respect of goods and services supplied during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and fittings - 25% reducing balance

Other accounting policies
INVESTMENTS
Investments held as fixed assets are shown at cost less provision for impairment.

OPERATING LEASES
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

PENSIONS
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2Tangible fixed assets
£
Cost
At 1 June 2014 1,700
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 1,700
Depreciation
At 1 June 2014 1,294
Charge for the year 102
On disposals -
At 31 May 2015 1,396
Net book values
At 31 May 2015 304
At 31 May 2014 406

3Fixed assets Investments
Cost or valuation at 1 June 2014 and 31 May 2015 £50
Net book value at 31 May 2014 and 31 May 2015 £50

PARTICIPATING INTERESTS
In April 2011 the company purchased 50 £1 ordinary shares in I Financial Solutions Limited which is a joint venture under a shareholders' agreement dated 20 April 2011.

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
1,584 A Ordinary shares of £1 each (1,760 shares for 2014) 1,584 1,760