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iso4217:GBP
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07535053
2
Finance Shop Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Finance Shop Ltd
Accountants' Report
For the year ended 31 March 2015
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of |
| Finance Shop Ltd for the year ended 31 March 2015 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 firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other |
| professional requirements which are detailed at http://rulebook.accaglobal.com. |
| This report is made solely to the Board of Directors of Finance Shop Ltd, as a body, in accordance with the terms of our |
| engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Finance Shop |
| Ltd and state those matters that we have agreed to state to the Board of Directors of Finance Shop Ltd, as a body, in this |
| report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at |
| http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility |
| to anyone other than Finance Shop Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Finance Shop Ltd has kept adequate accounting records and to prepare statutory accounts |
| that give a true and fair view of the assets, liabilities, financial position and profit of Finance Shop Ltd. You consider that |
| Finance Shop Ltd is exempt from the statutory audit requirement for the year. |
Steve Pye & Co
Chartered Certified Accountants
North Wood Place
Octagon Business Park, Little Plumstead
Norwich
NR13 5FH
10 August 2015
1 of 4
4
| Abbreviated Balance Sheet |
Finance Shop Ltd
2015
2014
2
2,925,000
3,375,000
3
7,485
6,472
2,932,485
3,381,472
386,359
545,280
184,528
264,232
729,808
650,591
| Creditors: amounts falling due within one year |
(2,646,849)
(1,291,176)
(1,996,258)
(561,368)
Net current liabilities
| Total assets less current liabilities |
2,371,117
1,385,214
(1,572)
-
| Provisions for liabilities |
2,369,545
Net assets
1,385,214
100,000
4
100,000
2,269,545
1,285,214
2,369,545
1,385,214
Shareholders funds
| For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 10 August 2015 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Finance Shop Ltd
For the year ended 31 March 2015
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions |
| payable are charged to the profit and loss account in the period in which they are payable. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated |
| expected useful economic life of the goodwill of 10 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures, fittings & equipment
Computer Equipment
| 2 Intangible fixed assets |
4,500,000
4,500,000
1,125,000
450,000
Charge for year
1,575,000
2,925,000
3,375,000
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Finance Shop Ltd
For the year ended 31 March 2015
10,443
3,307
13,750
3,971
2,294
Charge for year
6,265
7,485
6,472
| Allotted called up and fully paid |
2015
2014
| 20,000 Class A shares of £1.00 each |
20,000
20,000
| 20,000 Class B shares of £1.00 each |
20,000
20,000
| 20,000 Class C shares of £1.00 each |
20,000
20,000
| 20,000 Class D shares of £1.00 each |
20,000
20,000
| 20,000 Class E shares of £1.00 each |
20,000
20,000
100,000
100,000
4 of 4
