Abbreviated Company Accounts - FINANCE SOLUTION CENTRE LIMITED

Abbreviated Company Accounts - FINANCE SOLUTION CENTRE LIMITED

FINANCE SOLUTION CENTRE LIMITED - Company Information

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Registered Number 06926625

FINANCE SOLUTION CENTRE LIMITED

Abbreviated Accounts

30 June 2014

FINANCE SOLUTION CENTRE LIMITED Registered Number 06926625

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 4,808 5,656
4,808 5,656
Current assets
Cash at bank and in hand 13,750 13,376
13,750 13,376
Creditors: amounts falling due within one year 3 (17,113) (14,863)
Net current assets (liabilities) (3,363) (1,487)
Total assets less current liabilities 1,445 4,169
Creditors: amounts falling due after more than one year 3 (400) (3,362)
Total net assets (liabilities) 1,045 807
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,044 806
Shareholders' funds 1,045 807
  • For the year ending 30 June 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 27 March 2015

And signed on their behalf by:
S Thorpe, Director

FINANCE SOLUTION CENTRE LIMITED Registered Number 06926625

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards.

Turnover policy
Turnover derives from the company's principal activity and represents amounts receivable for goods and services provided net of discounts and value added tax.

Tangible assets depreciation policy
Tangible assets are stated at cost less depreciation.
Depreciation was provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value of each asset on a reducing balance basis per annum over its expected useful life as follows:

Motor Vehicles - 25%
Office Equipment - 15%
Computer Equipment - 15%
Office Furniture - 15%

2Tangible fixed assets
£
Cost
At 1 July 2013 11,799
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 11,799
Depreciation
At 1 July 2013 6,143
Charge for the year 848
On disposals -
At 30 June 2014 6,991
Net book values
At 30 June 2014 4,808
At 30 June 2013 5,656
3Creditors
2014
£		 2013
£
Non-instalment debts due after 5 years 400 3,362