Landin Wilcock Financial Limited - Period Ending 2016-05-31

Registration number: 04608038

Landin Wilcock Financial Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR

Landin Wilcock Financial Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Landin Wilcock Financial Limited
for the Year Ended 31 May 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Landin Wilcock Financial Limited for the year ended 31 May 2016 set out on pages 4 to 8 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Landin Wilcock Financial Limited, as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Landin Wilcock Financial Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landin Wilcock Financial Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Landin Wilcock Financial Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Landin Wilcock Financial Limited. You consider that Landin Wilcock Financial Limited 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 accounts of Landin Wilcock Financial Limited. 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 accounts.

......................................

Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR

6 January 2017

Page 1

Landin Wilcock Financial Limited
(Registration number: 04608038)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Current assets
Debtors					400			400
Cash at bank and in hand					768			1,439
					1,168			1,839
Creditors: Amounts falling due within one year					(430)			(1,321)
Net assets					738			518
Capital and reserves
Called up share capital		2			400			400
Profit and loss account					338			118
Shareholders' funds					738			518

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board on 6 January 2017 and signed on its behalf by:

.........................................
Mr K J Parkes
Company secretary and director

The notes on page 3 form an integral part of these financial statements.
Page 2

Landin Wilcock Financial Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of financial services to customers. Revenue is recognised in the accounting period in which the services are rendered.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A of £1 each		200			200			200			200
Ordinary B of £1 each		200			200			200			200
		400			400			400			400

Page 3