Scott Financial Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04739970 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Scott Financial Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P Scott

W Scott

SECRETARY:

P Scott

REGISTERED OFFICE:

Suite 4 Crown House

High Street

Hartley Wintney

Hampshire

RG27 8NW

REGISTERED NUMBER:

04739970 (England and Wales)

ACCOUNTANTS:

CRK Accounting Limited

Suite 4 Crown House

High Street

Hartley Wintney

Hampshire

RG27 8NW

FIXED ASSETS

Intangible assets

2

191,355

205,105

Tangible assets

3

3,514

3,836

194,869

208,941

CURRENT ASSETS

Debtors

4,269

3,040

Cash at bank

7,471

3,496

11,740

6,536

CREDITORS

Amounts falling due within one year

127,991

154,486

NET CURRENT LIABILITIES

(116,251

)

(147,950

)

TOTAL ASSETS LESS CURRENT LIABILITIES

78,618

60,991

PROVISIONS FOR LIABILITIES

272

240

NET ASSETS

78,346

60,751

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

78,344

60,749

SHAREHOLDERS' FUNDS

78,346

60,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29 January 2015 and were signed on its behalf by:

P Scott - Director

W Scott - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful

economic life of that asset as follows:-

Goodwill - Amortised evenly over 20 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

275,000

AMORTISATION

At 1 May 2013

69,895

Amortisation for year

13,750

At 30 April 2014

83,645

NET BOOK VALUE

At 30 April 2014

191,355

At 30 April 2013

205,105

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

12,585

Additions

849

At 30 April 2014

13,434

DEPRECIATION

At 1 May 2013

8,749

Charge for year

1,171

At 30 April 2014

9,920

NET BOOK VALUE

At 30 April 2014

3,514

At 30 April 2013

3,836

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

2

Ordinary

£1

2

2

5.	ULTIMATE PARENT COMPANY

P Scott and W Scott are regarded as the ultimate controlling party by virtue of the fact that together they hold

100% of the issued share capital of the company.