Abbreviated Company Accounts - ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED

ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED - Company Information

SC181750 ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true SC181750 2013-04-01 2014-03-31 SC181750 2014-03-31 SC181750 2013-03-31 SC181750 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 SC181750 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 iso4217:GBP shares

Registered Number SC181750

ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED

Abbreviated Accounts

31 March 2014

ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED Registered Number SC181750

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,836	3,030
		7,836	3,030
Current assets
Debtors		147,377	246,502
Cash at bank and in hand		81,397	236,225
		228,774	482,727
Creditors: amounts falling due within one year		(123,032)	(85,385)
Net current assets (liabilities)		105,742	397,342
Total assets less current liabilities		113,578	400,372
Provisions for liabilities		-	(300,000)
Total net assets (liabilities)		113,578	100,372
Capital and reserves
Called up share capital	3	2,460	2,460
Share premium account		73,235	73,235
Other reserves		(575)	(575)
Profit and loss account		38,458	25,252
Shareholders' funds		113,578	100,372

For the year ending 31 March 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 15 December 2014

And signed on their behalf by:
Paul Scarff, Director
Alun Evans, Director

ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED Registered Number SC181750

Notes to the Abbreviated Accounts for the period ended 31 March 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 is the gross amount receivable by the company in the ordinary course of business with outside customers for commissions and fees due. Commission income is taken into account when the contract to which it relates is deemed to be complete.

Tangible assets depreciation policy
Depreciation is calculated to write down the cost of all tangible fixed assets in equal annual instalments over their expected useful lives. The rates generally applied are as follows:

Fixtures and equipment - 20.0%
Computer equipment - 25.0%

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Payments made under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 April 2013	241,840
Additions	7,666
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	249,506
Depreciation
At 1 April 2013	238,810
Charge for the year	2,860
On disposals	-
At 31 March 2014	241,670
Net book values
At 31 March 2014	7,836
At 31 March 2013	3,030

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2,420 Ordinary shares of £1 each	2,420	2,420
20 Voting shares of £1 each shares of £1 each	20	20