Edinburgh Intelligent Mortgage Advice Lt - Limited company - abbreviated - 11.0.0
Edinburgh Intelligent Mortgage Advice Lt - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 March 2014 |
for |
Edinburgh Intelligent |
Mortgage Advice Ltd. |
Edinburgh Intelligent |
Mortgage Advice Ltd. (Registered number: SC212602) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Accountants' Report | 6 |
Edinburgh Intelligent |
Mortgage Advice Ltd. |
Company Information |
for the Year Ended 31 March 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Edinburgh Intelligent |
Mortgage Advice Ltd. (Registered number: SC212602) |
Abbreviated Balance Sheet |
31 March 2014 |
31.3.14 | 31.3.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
3 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
Edinburgh Intelligent |
Mortgage Advice Ltd. (Registered number: SC212602) |
Abbreviated Balance Sheet - continued |
31 March 2014 |
The financial statements were approved by the Board of Directors on by: |
Edinburgh Intelligent |
Mortgage Advice Ltd. (Registered number: SC212602) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets 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 of services, excluding value added tax. |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
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 OR VALUATION |
At 1 April 2013 |
and 31 March 2014 |
DEPRECIATION |
At 1 April 2013 |
Charge for year |
At 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 March 2013 |
3. | CREDITORS |
Creditors include an amount of £ |
They also include the following debts falling due in more than five years: |
31.3.14 | 31.3.13 |
£ | £ |
Repayable otherwise than by instalments | 138,695 | 138,695 |
Edinburgh Intelligent |
Mortgage Advice Ltd. (Registered number: SC212602) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
value: | £ | £ |
Ordinary | £1 |
5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2014 and |
31 March 2013: |
31.3.14 | 31.3.13 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Balance outstanding at end of year |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Edinburgh Intelligent |
Mortgage Advice Ltd. |
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 Edinburgh Intelligent Mortgage Advice Ltd. for the year ended 31 March 2014 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 of Scotland, we are subject to its ethical and other |
professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance. |
This report is made solely to the Board of Directors of Edinburgh Intelligent Mortgage Advice Ltd., 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 Edinburgh Intelligent Mortgage Advice Ltd. and state those matters that we have agreed to state |
to the Board of Directors of Edinburgh Intelligent Mortgage Advice Ltd., as a body, in this report in accordance with the |
requirements of the Institute of Chartered Accountants of Scotland as detailed at |
http://www.icas.org.uk/accountspreparationguidance. 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 Edinburgh Intelligent Mortgage Advice Ltd. 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 Edinburgh Intelligent Mortgage Advice Ltd.. You consider that Edinburgh Intelligent Mortgage Advice Ltd. 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 Edinburgh Intelligent |
Mortgage Advice Ltd.. 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. |
17 September 2014 |