ORR_KERR_DYKES_FINANCIAL_ - Accounts

ORR KERR DYKES FINANCIAL SERVICES LIMITED - Company Information

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Company Registration No. SC215908 (Scotland)

ORR KERR DYKES FINANCIAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

ORR KERR DYKES FINANCIAL SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ORR KERR DYKES FINANCIAL SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

21,545

1,493

Current assets

Debtors

49,041

14,072

Cash at bank and in hand

153,587

179,204

202,628

193,276

Creditors: amounts falling due within one year

(61,008)

(73,773)

Net current assets

141,620

119,503

Total assets less current liabilities

163,165

120,996

Provisions for liabilities

(3,878)

(874)

159,287

120,122

Capital and reserves

Called up share capital

8,000

Other reserves

2,000

Profit and loss account

149,287

110,122

Shareholders' funds

159,287

120,122

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 July 2016

E Hunter

S Donnelly

Director

Company Registration No. SC215908

ORR KERR DYKES FINANCIAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents commission and fees receivable in the period in respect of provision of personal investment advice and solutions.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Office equipment

25% straight line

Motor vehicles

25% straight line

1.5

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ORR KERR DYKES FINANCIAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

33,323

Additions

27,556

Disposals

(6,557)

At 31 March 2016

54,322

Depreciation

At 1 April 2015

31,830

On disposals

(6,557)

Charge for the year

7,504

At 31 March 2016

32,777

Net book value

At 31 March 2016

21,545

At 31 March 2015

1,493

Share capital

2016

2015

Allotted, called up and fully paid

8,000 Ordinary shares of £1 each

8,000