Model Financial Solutions Limited - Abbreviated accounts 16.3

Model Financial Solutions Limited - Abbreviated accounts 16.3

MODEL FINANCIAL SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 08237137 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Model Financial Solutions Limited

Model Financial Solutions Limited (Registered number: 08237137)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Model Financial Solutions Limited

Company Information
for the Year Ended 31 October 2016







DIRECTOR: H Morrison





REGISTERED OFFICE: c/o Maroon Accounts
18a North Street
Leatherhead
Surrey
KT22 7AW





REGISTERED NUMBER: 08237137 (England and Wales)





ACCOUNTANTS: Maroon Accounts
Statutory Auditor
Granary House
18a North Street
Leatherhead
Surrey
KT22 7AW
Page 1
Model Financial Solutions Limited (Registered number: 08237137)

Abbreviated Balance Sheet
31 October 2016

31/10/16 31/10/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 291 154

CURRENT ASSETS
Debtors - 6,674
Cash at bank 15,160 1,476
15,160 8,150
CREDITORS
Amounts falling due within one year 4,692 7,833
NET CURRENT ASSETS 10,468 317
TOTAL ASSETS LESS CURRENT LIABILITIES 10,759 471

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 10,659 371
SHAREHOLDERS' FUNDS 10,759 471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 19 January 2017 and were signed by:





H Morrison - Director


The notes form part of these abbreviated accounts

Page 2
Model Financial Solutions Limited (Registered number: 08237137)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2016

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 goods, 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.


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
At 1 November 2015 1,700
Additions 299
At 31 October 2016 1,999
DEPRECIATION
At 1 November 2015 1,546
Charge for year 162
At 31 October 2016 1,708
NET BOOK VALUE
At 31 October 2016 291
At 31 October 2015 154

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/16 31/10/15
value: £    £   
100 Ordinary 1 100 100

Page 3