Accounts filed on 30-06-2015

CANDLESTON FINANCIAL SERVICES LIMITED - Company Information

trueCandleston Financial Services Ltd051724112015-06-302142181372142381392221423813921423813919189525637353365785654241834225811497933961268552234288322342883Basis of accounting 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 commission earned during the year. A provision is made for potential clawback of commission representing 10% of commission banked in the previous year. . Pension costs The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.Fixtures & Fittingson a reducing balace basis0.1500Equipmenton a reducing balace basis0.2500107391073985057856649107391073985057856649Ordinary1001100100Ordinary1222There was a balance due to the company by the directors on 30th June of £9638. This was the maximum balance outstanding and bears no interest. The loan will be repaid within 9 months of the year end. Dividends paid to the directors, who are the sole shareholders, were £60500 (last year £62500). 2015-10-15M Williamstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCandleston Financial Services Ltd2014-07-012015-06-30Candleston Financial Services Ltd2013-07-012014-06-30Candleston Financial Services Ltd2013-06-30Candleston Financial Services Ltd2014-06-30Candleston Financial Services Ltd2014-06-30Candleston Financial Services Ltd2015-06-30 2015-10-20