Capital Independent Financial - Abbreviated accounts 16.1

REGISTERED NUMBER: SC241929 (Scotland)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Capital Independent Financial

Consultants Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N D McCourt

SECRETARY:

Mrs E A McCourt

REGISTERED OFFICE:

22 Victoria Park Gardens North

Glasgow

G11 7EJ

REGISTERED NUMBER:

SC241929 (Scotland)

ACCOUNTANTS:

Graham & Co. (Accountants) Limited

76 Dumbarton Road

Clydebank

Glasgow

G81 1UG

FIXED ASSETS

Tangible assets

2

1,109

967

CURRENT ASSETS

Debtors

130

Investments

70,000

-

Cash at bank

39,083

93,996

109,213

94,126

CREDITORS

Amounts falling due within one year

19,026

16,003

NET CURRENT ASSETS

90,187

78,123

TOTAL ASSETS LESS CURRENT
LIABILITIES

91,296

79,090

PROVISIONS FOR LIABILITIES

179

130

NET ASSETS

91,117

78,960

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

90,917

78,760

SHAREHOLDERS' FUNDS

91,117

78,960

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 5 May 2016 and were signed by:

N D McCourt - 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 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

4,435

Additions

438

Disposals

(145

)

At 31 March 2016

4,728

DEPRECIATION

At 1 April 2015

3,468

Charge for year

235

Eliminated on disposal

(84

)

At 31 March 2016

3,619

NET BOOK VALUE

At 31 March 2016

1,109

At 31 March 2015

967

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

200