Home Counties Mortgage Services Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05050127 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Home Counties Mortgage Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M J E Lawson

REGISTERED OFFICE:

Eskdale

The Common Holmer Green

High Wycombe

Buckinghamshire

HP15 6TD

REGISTERED NUMBER:

05050127 (England and Wales)

ACCOUNTANTS:

Amersham Accountancy

King George V Lodge

King George V Road

Amersham

Buckinghamshire

HP6 5FB

FIXED ASSETS

Tangible assets

2

1,554

2,072

CURRENT ASSETS

Debtors

-

19,938

Cash at bank

44,247

14,211

44,247

34,149

CREDITORS

Amounts falling due within one year

9,298

8,408

NET CURRENT ASSETS

34,949

25,741

TOTAL ASSETS LESS CURRENT LIABILITIES

36,503

27,813

CAPITAL AND RESERVES

Called up share capital

3

11

11

Profit and loss account

36,492

27,802

SHAREHOLDERS' FUNDS

36,503

27,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 26 July 2016 and were signed by:

Mr M J E Lawson - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

11,992

DEPRECIATION

At 1 April 2015

9,920

Charge for year

518

At 31 March 2016

10,438

NET BOOK VALUE

At 31 March 2016

1,554

At 31 March 2015

2,072

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

10

Ordinary A

£1

10

10

1

Ordinary B

£1

1

1

11

11