Accounts filed on 30-06-2014
Accounts filed on 30-06-2014
trueCandleston Financial Services Ltd051724112014-06-308137717781397179228139717981397179525634463657828698418343214414979682426855253202883373328833733Basis of accounting
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 commission earned during the year. A provision is made for potential clawback of commission representing 10% of commission banked in the previous year.
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Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Fixtures & Fittingson a reducing balace basis0.1500Equipmenton a reducing balace basis0.2500107391073978567006850107391073978567006850Ordinary1001100100Ordinary1222There was a balance due to the company by the directors on 30th June of £5186. This was the maximum balance outstanding and bears no interest. The loan was repaid on 4th July. Dividends paid to the directors, who are the sole shareholders, were £62500 (last year £55000).
2014-10-02M Williamstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCandleston Financial Services Ltd2013-07-012014-06-30Candleston Financial Services Ltd2012-07-012013-06-30Candleston Financial Services Ltd2012-06-30Candleston Financial Services Ltd2013-06-30Candleston Financial Services Ltd2013-06-30Candleston Financial Services Ltd2014-06-30 2014-10-10
