Clements Finance Limited - Limited company - abbreviated

REGISTERED NUMBER: 06685243 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 30 September 2014

for

Clements Finance Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Clements

SECRETARY:

REGISTERED OFFICE:

7 Billing Road

Northampton

Northamptonshire

NN1 5AN

REGISTERED NUMBER:

06685243 (England and Wales)

ACCOUNTANTS:

Harris & Clarke LLP

7 Billing Road

Northampton

Northamptonshire

NN1 5AN

FIXED ASSETS

Tangible assets

2

33,022

-

CURRENT ASSETS

Debtors

1,674

-

Cash at bank and in hand

12,022

1

13,696

1

CREDITORS

Amounts falling due within one year

19,465

-

NET CURRENT (LIABILITIES)/ASSETS

(5,769

)

1

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,253

1

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

27,252

-

SHAREHOLDERS' FUNDS

27,253

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 June 2015 and were signed by:

Mr M Clements - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

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

balance sheet date where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more tax, with the following exceptions:

- Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences can

be deducted.

Deferred tax is measured on an un-discounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

44,030

At 30 September 2014

44,030

DEPRECIATION

Charge for year

11,008

At 30 September 2014

11,008

NET BOOK VALUE

At 30 September 2014

33,022

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1

Ordinary

£1

1

Clements Finance Limited - Limited company - abbreviated - 11.6

Clements Finance Limited - Limited company - abbreviated - 11.6