LINCOLN_FINANCIAL_SERVICE - Accounts

LINCOLN FINANCIAL SERVICES LTD - Company Information

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Company Registration No. 06262121 (England and Wales)

LINCOLN FINANCIAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

LINCOLN FINANCIAL SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LINCOLN FINANCIAL SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,001

545

Current assets

Debtors

12,934

14,872

Cash at bank and in hand

38,400

43,864

51,334

58,736

Creditors: amounts falling due within one year

(7,522)

(6,659)

Net current assets

43,812

52,077

Total assets less current liabilities

44,813

52,622

Capital and reserves

Called up share capital

Profit and loss account

44,763

52,572

Shareholders' funds

44,813

52,622

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2015

Mr A R Tyson

Director

Company Registration No. 06262121

LINCOLN FINANCIAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Reducing Balance Method

Fixed assets

Tangible assets

Cost

At 1 April 2014

995

Additions

1,014

Disposals

(400)

At 31 March 2015

1,609

Depreciation

At 1 April 2014

450

On disposals

(175)

Charge for the year

333

At 31 March 2015

608

Net book value

At 31 March 2015

1,001

At 31 March 2014

545

Share capital

2015

2014

Allotted, called up and fully paid

50 Ordinary Shares of £1 each

LINCOLN FINANCIAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Related party relationships and transactions

Director's Loan

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A R Tyson - Interest free

13,727

41,538

43,711

11,554

13,727

41,538

43,711

11,554