Abbreviated Company Accounts - ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED

ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED - Company Information

SC181750 ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true SC181750 2014-04-01 2015-03-31 SC181750 2015-03-31 SC181750 2014-03-31 SC181750 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 SC181750 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 iso4217:GBP shares

Registered Number SC181750

ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED

Abbreviated Accounts

31 March 2015

ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED Registered Number SC181750

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,827	7,836
		5,827	7,836
Current assets
Debtors		100,512	147,377
Cash at bank and in hand		112,397	88,787
		212,909	236,164
Creditors: amounts falling due within one year		(128,157)	(130,422)
Net current assets (liabilities)		84,752	105,742
Total assets less current liabilities		90,579	113,578
Total net assets (liabilities)		90,579	113,578
Capital and reserves
Called up share capital	3	2,460	2,460
Share premium account		73,235	73,235
Other reserves		(575)	(575)
Profit and loss account		15,459	38,458
Shareholders' funds		90,579	113,578

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 3 December 2015

And signed on their behalf by:
Paul Edward Scarff, Director

ACCOUNTANTS FINANCIAL SERVICES (SCOTLAND) LIMITED Registered Number SC181750

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents gross commissions and/or fees receivable in respect of financial advice given and financial arrangements made for clients.

Tangible assets depreciation policy
All tangible fixed assets are written off in equal annual instalments over their expected useful lives. The rates generally applied are as follows:

Computer equipment - 25%
Office furniture - 20%

Other accounting policies
Pension costs and other post retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Deferred Tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 April 2014	249,506
Additions	738
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	250,244
Depreciation
At 1 April 2014	241,670
Charge for the year	2,747
On disposals	-
At 31 March 2015	244,417
Net book values
At 31 March 2015	5,827
At 31 March 2014	7,836

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
40 Ordinary voting shares shares of £1 each	40	40
2,420 Ordinary non voting shares shares of £1 each	2,420	2,420