Knightwood Financial Solutions Limited - Abbreviated accounts 16.1

Knightwood Financial Solutions Limited - Abbreviated accounts 16.1

KNIGHTWOOD FINANCIAL SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 07140160 (England and Wales)









ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

KNIGHTWOOD FINANCIAL SOLUTIONS LIMITED

KNIGHTWOOD FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07140160)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

KNIGHTWOOD FINANCIAL SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: J R King





REGISTERED OFFICE: 32 Enterprise Centre
Duke Close
West Way
Andover
SP10 5AP





REGISTERED NUMBER: 07140160 (England and Wales)





ACCOUNTANTS: Fawcetts
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR
Page 1
KNIGHTWOOD FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07140160)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 550 690

CURRENT ASSETS
Debtors 5,101 -
Cash at bank 11,205 18,471
16,306 18,471
CREDITORS
Amounts falling due within one year 9,008 12,007
NET CURRENT ASSETS 7,298 6,464
TOTAL ASSETS LESS CURRENT LIABILITIES 7,848 7,154

CAPITAL AND RESERVES
Called up share capital 3 500 500
Profit and loss account 7,348 6,654
SHAREHOLDERS' FUNDS 7,848 7,154

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 25 August 2016 and were signed by:





J R King - Director


The notes form part of these abbreviated accounts

Page 2
KNIGHTWOOD FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07140160)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


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 services, 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.

Computer equipment - 20% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low
value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the
profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of
acquisition.

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

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 1,081
DEPRECIATION
At 1 April 2015 391
Charge for year 140
At 31 March 2016 531
NET BOOK VALUE
At 31 March 2016 550
At 31 March 2015 690

Page 3 continued...
KNIGHTWOOD FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 07140160)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
500 Ordinary £1 500 500

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and
31 March 2015:

2016 2015
£    £   
J R King
Balance outstanding at start of year - -
Amounts advanced 33,101 -
Amounts repaid (28,000 ) -
Balance outstanding at end of year 5,101 -

No interest has been charged during the year. The overdrawn amount was cleared by dividends in 2016/17.

Page 4