Abbreviated Company Accounts - UK DISCOUNTING LIMITED

UK DISCOUNTING LIMITED - Company Information

03017438 UK DISCOUNTING LIMITED 2016-09-30 false 2015-10-01 2016-09-30 true 03017438 2015-10-01 2016-09-30 03017438 2016-09-30 03017438 2015-09-30 03017438 uk-gaap-cd-bus:Director1 2015-10-01 2016-09-30 03017438 uk-gaap-cd-bus:Director2 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-01 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP shares

Registered Number 03017438

UK DISCOUNTING LIMITED

Abbreviated Accounts

30 September 2016

UK DISCOUNTING LIMITED Registered Number 03017438

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Fixed assets
Investments	2	685,911	710,518
		685,911	710,518
Current assets
Cash at bank and in hand		130,595	120,742
		130,595	120,742
Creditors: amounts falling due within one year		(5,955)	(3,688)
Net current assets (liabilities)		124,640	117,054
Total assets less current liabilities		810,551	827,572
Total net assets (liabilities)		810,551	827,572
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		810,549	827,570
Shareholders' funds		810,551	827,572

For the year ending 30 September 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.

Approved by the Board on 30 June 2017

And signed on their behalf by:
Mrs S Rooney, Director

UK DISCOUNTING LIMITED Registered Number 03017438

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of commissions and interest receivable.

Other accounting policies
Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

2Fixed assets Investments
The market value of the listed investments at 30 September 2016 was £605,911 (2015 - £576,663)

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2