Mathieson Financial Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC449521 (Scotland)

MATHIESON FINANCIAL SERVICES LTD

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs R Mathieson

Mr S Mathieson

REGISTERED OFFICE:

8 Castlepark Drive

Kintore

Inverurie

Aberdeenshire

AB51 0SL

REGISTERED NUMBER:

SC449521 (Scotland)

ACCOUNTANTS:

Anderson & Co

Beech Lodge

Banff

Aberdeenshire

AB45 3TJ

FIXED ASSETS

Intangible assets

2

184,490

210,846

Tangible assets

3

990

1,942

185,480

212,788

CURRENT ASSETS

Debtors

63,155

73,327

Cash at bank

7,977

749

71,132

74,076

CREDITORS

Amounts falling due within one year

(58,540

)

(57,170

)

NET CURRENT ASSETS

12,592

16,906

TOTAL ASSETS LESS CURRENT
LIABILITIES

198,072

229,694

CREDITORS

Amounts falling due after more than one
year

4

(198,025

)

(228,539

)

NET ASSETS

47

1,155

CAPITAL AND RESERVES

Called up share capital

5

10

Profit and loss account

37

1,145

SHAREHOLDERS' FUNDS

47

1,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 15 February 2017 and were signed on its behalf
by:

Mr S Mathieson - 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.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

263,558

AMORTISATION

At 1 October 2015

52,712

Amortisation for year

26,356

At 30 September 2016

79,068

NET BOOK VALUE

At 30 September 2016

184,490

At 30 September 2015

210,846

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

4,797

Additions

745

At 30 September 2016

5,542

DEPRECIATION

At 1 October 2015

2,855

Charge for year

1,697

At 30 September 2016

4,552

NET BOOK VALUE

At 30 September 2016

990

At 30 September 2015

1,942

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

87,627

105,827

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

1

10