Kelsom Financial Limited - Limited company - abbreviated - 11.0.0
Kelsom Financial Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 December 2013 |
for |
KELSOM FINANCIAL LIMITED |
KELSOM FINANCIAL LIMITED (REGISTERED NUMBER: SC387421) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Chartered Accountants' Report | 5 |
KELSOM FINANCIAL LIMITED |
Company Information |
for the Year Ended 31 December 2013 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
KELSOM FINANCIAL LIMITED (REGISTERED NUMBER: SC387421) |
Abbreviated Balance Sheet |
31 December 2013 |
31.12.13 | 31.12.12 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the director on |
KELSOM FINANCIAL LIMITED (REGISTERED NUMBER: SC387421) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2013 |
1. | ACCOUNTING POLICIES |
Going concern |
The accounts have been prepared on a going concern basis based on the assumption that the associated company |
Trust Deed Scotland Limited (formerly Kelsom Limited) will continue to offer financial support. |
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 insurance services, excluding value added tax. |
Tangible fixed assets |
Office equipment | - |
Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. Deferred tax is provided in full on |
timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax |
rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be |
recovered. Deferred tax assets and liabilities are not discounted. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2013 |
and 31 December 2013 |
DEPRECIATION |
At 1 January 2013 |
Charge for year |
At 31 December 2013 |
NET BOOK VALUE |
At 31 December 2013 |
At 31 December 2012 |
KELSOM FINANCIAL LIMITED (REGISTERED NUMBER: SC387421) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.13 | 31.12.12 |
value: | £ | £ |
Ordinary | £1 |
4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 December 2013 and |
31 December 2012: |
31.12.13 | 31.12.12 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Balance outstanding at end of year |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Kelsom Financial Limited |
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Kelsom Financial Limited for the year ended 31 December 2013 which comprise the Profit and |
Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other |
professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
This report is made solely to the director of Kelsom Financial Limited in accordance with our terms of engagement. Our |
work has been undertaken solely to prepare for your approval the financial statements of Kelsom Financial Limited and |
state those matters that we have agreed to state to the director of Kelsom Financial Limited in this report in accordance |
with the requirements of the Institute of Chartered Accountants of Scotland as detailed at |
http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume |
responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Kelsom Financial Limited has kept adequate accounting records and to prepare statutory |
financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kelsom Financial |
Limited. You consider that Kelsom Financial Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Kelsom Financial Limited. |
For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
20 August 2014 |