Lindsay Finance Limited - Limited company - abbreviated - 11.6

Lindsay Finance Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 04991452 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Lindsay Finance Limited

Lindsay Finance Limited (Registered number: 04991452)






Contents of the Abbreviated Accounts
for the year ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Lindsay Finance Limited

Company Information
for the year ended 31 December 2014







DIRECTORS: Mrs J L Lindsay
S G Lindsay



SECRETARY: Mrs J L Lindsay



REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR



REGISTERED NUMBER: 04991452 (England and Wales)



ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR



BANKERS: HSBC Plc
Market Place
Newark
Nottinghamshire
NG24 1EQ

Lindsay Finance Limited (Registered number: 04991452)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 44,551 19,259

CURRENT ASSETS
Debtors 5,706 52,558
Cash at bank 128,188 33,669
133,894 86,227
CREDITORS
Amounts falling due within one year 122,469 91,712
NET CURRENT ASSETS/(LIABILITIES) 11,425 (5,485 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,976

13,774

CREDITORS
Amounts falling due after more than
one year

(19,488
)
-

PROVISIONS FOR LIABILITIES (1,026 ) (1,616 )
NET ASSETS 35,462 12,158

CAPITAL AND RESERVES
Called up share capital 3 99 99
Profit and loss account 35,363 12,059
SHAREHOLDERS' FUNDS 35,462 12,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30 September 2015 and were
signed on its behalf by:





S G Lindsay - Director


Lindsay Finance Limited (Registered number: 04991452)

Notes to the Abbreviated Accounts
for the year ended 31 December 2014

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 goods, 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.

Improvements to property - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance
sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.
Those held under finance leases are depreciated over their estimated useful lives or the lease
term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the
relevant period. The capital element of the future payments is treated as a liability.

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 2014 74,384
Additions 34,003
At 31 December 2014 108,387
DEPRECIATION
At 1 January 2014 55,125
Charge for year 8,711
At 31 December 2014 63,836
NET BOOK VALUE
At 31 December 2014 44,551
At 31 December 2013 19,259

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
99 Ordinary £1 99 99