Accident Claims Scotland Limited - Abbreviated accounts 16.1
Accident Claims Scotland Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 May 2015 |
| for |
| Accident Claims Scotland Limited |
| Accident Claims Scotland Limited (Registered number: 04784857) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 May 2015 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| Accident Claims Scotland Limited (Registered number: 04784857) |
| Abbreviated Balance Sheet |
| 31 May 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| Accident Claims Scotland Limited (Registered number: 04784857) |
| Abbreviated Balance Sheet - continued |
| 31 May 2015 |
| 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 financial statements were approved by the Board of Directors on |
| Accident Claims Scotland Limited (Registered number: 04784857) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 May 2015 |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| Turnover |
| Turnover represents net invoiced sales, excluding value added tax. In respect of contracts for on-going services, |
| turnover represents the value of work done in the year, including estimates of amounts not invoiced. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles for rehire | - |
| Deferred tax |
| The charge for taxation takes into account taxation deferred as a result of timing differences between the |
| treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in |
| respect of all timing differences that have originated but not reversed at the balance sheet date. However, |
| deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that |
| they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred |
| taxation is measured on a non-discounted basis at the average tax rates that would apply when the timing |
| differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet |
| date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and |
| depreciated over the shorter of the lease term and their useful economic lives. Obligations under such |
| agreements are included in creditors net of the finance charge allocated to future periods. The finance element of |
| the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on |
| the net obligations outstanding in each period. |
| Accident Claims Scotland Limited (Registered number: 04784857) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| Disposals | ( |
) |
| Transfer to ownership | (12,823 | ) |
| Reclassification/transfer |
| At 31 May 2015 |
| DEPRECIATION |
| At 1 June 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| Transfer to ownership | (6,302 | ) |
| Reclassification/transfer |
| At 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 June 2014 | 2 |
| Disposals | (2 | ) |
| At 31 May 2015 | - |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £1 | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | 1 |
| Accident Claims Scotland Limited (Registered number: 04784857) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2015 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £1 | 100.00 |
| £ | £ |
| Aggregate capital and reserves | - | 1 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 400 | 400 |