Company Registration No. SC387421 (Scotland)
Kelsom Financial Limited
Unaudited accounts
for the year ended 31 December 2017
Kelsom Financial Limited
Unaudited accounts
Contents
Kelsom Financial Limited
Company Information
for the year ended 31 December 2017
Directors
J P Kelly
M Sommerville
Company Number
SC387421 (Scotland)
Registered Office
2 West Regent Street
Glasgow
G2 1RW
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Kelsom Financial Limited
Statement of financial position
as at 31 December 2017
Cash at bank and in hand
4,946
3,460
Creditors: amounts falling due within one year
(161,591)
(215,715)
Net current liabilities
(151,712)
(158,199)
Net liabilities
(151,403)
(157,787)
Called up share capital
100
100
Profit and loss account
(151,503)
(157,887)
Shareholders' funds
(151,403)
(157,787)
For the year ending 31 December 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 March 2018.
J P Kelly
Director
Company Registration No. SC387421
Kelsom Financial Limited
Notes to the Accounts
for the year ended 31 December 2017
Kelsom Financial Limited is a private company, limited by shares, registered in Scotland, registration number SC387421. The registered office is 2 West Regent Street, Glasgow, G2 1RW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales, excluding value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
The balance sheet shows that the company has an excess of liabilities over assets. The accounts have been prepared on a going concern basis assuming the continuing financial support of the company's directors.
4
Tangible fixed assets
Computer equipment
Kelsom Financial Limited
Notes to the Accounts
for the year ended 31 December 2017
Accrued income and prepayments
-
32,056
Other debtors
1,668
22,000
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Creditors: amounts falling due within one year
2017
2016
Taxes and social security
2,468
641
Other creditors
25,058
82,092
Loans from directors
132,000
132,000
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2016: 0).
