CALEDONIA_WILL_SERVICES_L - Accounts

CALEDONIA WILL SERVICES LIMITED - Company Information

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Company Registration No. SC338023 (Scotland)

CALEDONIA WILL SERVICES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

CALEDONIA WILL SERVICES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CALEDONIA WILL SERVICES LTD

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

195

454

Current assets

Debtors

2,949

3,802

Creditors: amounts falling due within one year

(2,860)

(4,074)

Net current assets/(liabilities)

(272)

Total assets less current liabilities

284

182

Capital and reserves

Called up share capital

Profit and loss account

283

181

Shareholders' funds

284

182

For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his 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 24 November 2014

Raymond Burnie

Director

Company Registration No. SC338023

CALEDONIA WILL SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

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).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents fees receivable for services provided.

1.4

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:

Computer equipment

25% per annum straight line

Fixed assets

Tangible assets

Cost

At 1 March 2013 & at 28 February 2014

1,038

Depreciation

At 1 March 2013

584

Charge for the year

259

At 28 February 2014

843

Net book value

At 28 February 2014

195

At 28 February 2013

454

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary of £1 each

CALEDONIA WILL SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 3 -

Related party relationships and transactions

Loans to/(from) the director

The following director had an interest free loan during the year. The movement on this loan is as follows:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Raymond Burnie

3,802

6,647

(7,500)

2,949

3,802

6,647

(7,500)

2,949

The loan is included within Other debtors.