CLEAR_&_LANE_FINANCIAL_SE - Accounts

C&L FINANCIAL PLANNING LIMITED - Company Information

Print Friendly Version

Company Registration No. 04528353 (England and Wales)

CLEAR & LANE FINANCIAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

CLEAR & LANE FINANCIAL SERVICES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

CLEAR & LANE FINANCIAL SERVICES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CLEAR & LANE FINANCIAL SERVICES LIMITED FOR THE YEAR ENDED 31 MARCH 2014

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clear & Lane Financial Services Limited for the year ended 31 March 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related notes 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, 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 Clear & Lane Financial Services Limited, as a body, in accordance with the terms of our engagement letter dated 18 September 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Clear & Lane Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of Clear & Lane Financial Services Limited, 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 Clear & Lane Financial Services Limited and it's Board of Directors as a body, for our work or for this report.

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

Clear & Lane Limited

Chartered Accountants

340 Melton Road

Leicester

LE4 7SL

6 November 2014

CLEAR & LANE FINANCIAL SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 2 -

2014

2013

Notes

Fixed assets

Tangible assets

Current assets

Debtors

33,171

Cash at bank and in hand

240,502

103,541

273,673

103,541

Creditors: amounts falling due within one year

(208,518)

(101,879)

Net current assets

65,155

1,662

Total assets less current liabilities

65,156

1,663

Capital and reserves

Called up share capital

1,006

Profit and loss account

64,150

657

Shareholders' funds

65,156

1,663

For the financial year ended 31 March 2014 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 6 November 2014

Mr D A Hope

Director

Company Registration No. 04528353

CLEAR & LANE FINANCIAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

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 April 2008).

1.2

Turnover

Turnover represents commission received in the period.

1.3

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:

Fixtures, fittings & equipment

33%

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

3,405

Depreciation

At 1 April 2013 & at 31 March 2014

3,404

Net book value

At 31 March 2014

At 31 March 2013

Share capital

2014

2013

Allotted, called up and fully paid

1,006 Ordinary shares of £1 each

1,006