Claim Mitigation Solutions Limited - Period Ending 2014-07-31

Registration number: 08185029

Claim Mitigation Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014
 

Saul Fairholm Limited
12 Tentercroft Street
Lincoln
Lincolnshire
LN5 7DB

Claim Mitigation Solutions Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

Claim Mitigation Solutions Limited
(Registration number: 08185029)
Abbreviated Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Current assets
Debtors					68			-
Cash at bank and in hand					1,487			2,814
					1,555			2,814
Creditors: Amounts falling due within one year					(1,706)			(3,152)
Net liabilities					(151)			(338)
Capital and reserves
Called up share capital		2			10			10
Profit and loss account					(161)			(348)
Shareholders' deficit					(151)			(338)

For the year ending 31 July 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 26 May 2015 and signed on its behalf by:

.........................................
Mr James Parczuk
Director

.........................................
Mr Kevin Richard Paul
Director

The notes on page 3 form an integral part of these financial statements.
Page 1

Claim Mitigation Solutions Limited
(Registration number: 08185029)
Abbreviated Balance Sheet at 31 July 2014
......... continued

.........................................
Mr Robert William Wilkinson
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Claim Mitigation Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

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

Revenue represents the fair value of the consideration received or receivable for insurance claim services, net of discounts and sales taxes. Revenue will be recognised when it is probable that the economic benefits associated with a transaction will flow to the Company and the amount of revenue and associated costs can be measured reliably,

Deferred tax

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		10			10			10			10

Page 3