Knightwood Financial Solutions Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07140160 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

KNIGHTWOOD FINANCIAL SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J R King

REGISTERED OFFICE:

32 Enterprise Centre

Duke Close

West Way

Andover

SP10 5AP

REGISTERED NUMBER:

07140160 (England and Wales)

ACCOUNTANTS:

Fawcetts

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

2

690

865

CURRENT ASSETS

Debtors

-

205

Cash at bank

18,471

21,382

18,471

21,587

CREDITORS

Amounts falling due within one year

12,007

12,117

NET CURRENT ASSETS

6,464

9,470

TOTAL ASSETS LESS CURRENT LIABILITIES

7,154

10,335

CAPITAL AND RESERVES

Called up share capital

3

500

500

Profit and loss account

6,654

9,835

SHAREHOLDERS' FUNDS

7,154

10,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 13 November 2015 and were signed by:

J R King - 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.

Computer equipment

-

20% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low

value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the

profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of

acquisition.

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

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 April 2014

and 31 March 2015

1,081

DEPRECIATION

At 1 April 2014

216

Charge for year

175

At 31 March 2015

391

NET BOOK VALUE

At 31 March 2015

690

At 31 March 2014

865

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

500

Ordinary

£1

500

500