Abbreviated Company Accounts - MY CLAIM SOLVED LIMITED

Abbreviated Company Accounts - MY CLAIM SOLVED LIMITED


Registered Number 07718504

MY CLAIM SOLVED LIMITED

Abbreviated Accounts

31 October 2013

MY CLAIM SOLVED LIMITED Registered Number 07718504

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Investments 2 615,159 468,803
615,159 468,803
Current assets
Cash at bank and in hand 2 2
2 2
Creditors: amounts falling due within one year (76,515) (133,512)
Net current assets (liabilities) (76,513) (133,510)
Total assets less current liabilities 538,646 335,293
Total net assets (liabilities) 538,646 335,293
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 538,644 335,291
Shareholders' funds 538,646 335,293
  • For the year ending 31 October 2013 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 31 July 2014

And signed on their behalf by:
Graham Kenny, Director

MY CLAIM SOLVED LIMITED Registered Number 07718504

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Deferred taxation
Deferred taxation is provided in full on timing differences, which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in years different from those in which they are included in the financial statements.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

2Fixed assets Investments
Investment in Group Undertakings

At 1 November 2012 - £468,803 (on incorporation - Nil)

Movement in year to 31 October 2013 - £ 146,356 (period to 31 October 2012 - £468,803)

At 31 October 2013 - £615,159 (at 31 October 2012 - £468,803


Name of Undertaking and business - My Claim Solved
Holding 5%
Year end 31 October

The group undertaking is established and trades within the UK.

3Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
2 Ordinary shares of £1 each 2 2