Littlewoods Financial Services Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03357679 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MAY 2015

FOR

LITTLEWOODS FINANCIAL SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Terence Littlewood

Julie Littlewood

David Neil Bennett

Lynne Victoria Hoyle

SECRETARY:

Lynne Victoria Hoyle

REGISTERED OFFICE:

115 Huddersfield Road

Oldham

OL1 3NY

REGISTERED NUMBER:

03357679 (England and Wales)

ACCOUNTANTS:

kppbusiness limited

115 Huddersfield Road

Oldham

OL1 3NY

FIXED ASSETS

Tangible assets

2

61

73

CURRENT ASSETS

Debtors

44,620

53,456

Cash at bank and in hand

761

578

45,381

54,034

CREDITORS

Amounts falling due within one year

3

31,524

36,984

NET CURRENT ASSETS

13,857

17,050

TOTAL ASSETS LESS CURRENT LIABILITIES

13,918

17,123

CREDITORS

Amounts falling due after more than one year

3

-

1,012

NET ASSETS

13,918

16,111

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

13,818

16,011

SHAREHOLDERS' FUNDS

13,918

16,111

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2015 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 29th January 2016 and were signed on its behalf by:

Terence Littlewood - 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 interest earned on loans during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life after taking into account its estimated residual value.

Fixtures and equipment

50 % on cost and

15% on cost

Deferred tax

Deferred tax is provided using the liability method in respect of all timing differences that have originated but

not reverse by the balance sheet date. Deferred tax assets are recognised where it is considered more likely than

not that future profits will be available for offset. The company has not adopted a policy of discounting deferred

tax assets and liabilities.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2014

and 31st May 2015

1,341

DEPRECIATION

At 1st June 2014

1,268

Charge for year

12

At 31st May 2015

1,280

NET BOOK VALUE

At 31st May 2015

61

At 31st May 2014

73

3.

CREDITORS

Creditors include an amount of £ 1,071 (2014 - £ 7,298 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,800 (2014 - £28,500) were paid to the directors .

Lynne Hoyle and David Bennett waived their right to the dividend (£12,800) declared on 28 November 2014.

Terry B Loans Limited

A company in which Julie Littlewood is sole director and shareholder

There were no transactions with this company during the year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Littlewoods Financial Services Limited for the year ended 31st May 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 member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Littlewoods Financial Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Littlewoods Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of Littlewoods Financial Services Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Littlewoods Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Littlewoods Financial Services Limited. You consider that Littlewoods Financial Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Littlewoods Financial

Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

kppbusiness limited

115 Huddersfield Road

Oldham

OL1 3NY

29th January 2016