Insolvency Support Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC357810

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Insolvency Support Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs C Convy

Ms E Maclean

REGISTERED OFFICE:

H5 Newark Business Park

Newark Road South

Glenrothes

Fife

KY7 4NS

REGISTERED NUMBER:

SC357810

ACCOUNTANTS:

Fife Accounts Limited

H5, Newark Business Park

Newark Road South

Glenrothes

Fife

KY7 4NS

BANKERS:

Lloyds TSB Scotland

52 Murray Place

Stirling

Stirlingshire

FK8 2BX

FIXED ASSETS

Tangible assets

2

5,424

1,235

CURRENT ASSETS

Work in Progress

12,322

9,003

Debtors

3,474

13,324

Cash at bank and in hand

51,314

8,451

67,110

30,778

CREDITORS

Amounts falling due within one year

41,262

15,727

NET CURRENT ASSETS

25,848

15,051

TOTAL ASSETS LESS CURRENT LIABILITIES

31,272

16,286

PROVISIONS FOR LIABILITIES

1,085

247

NET ASSETS

30,187

16,039

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

30,185

16,037

SHAREHOLDERS' FUNDS

30,187

16,039

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:

Mrs C Convy - 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 services, excluding value added tax.

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

-

20% on reducing balance

Computer & Office Equipment

-

33% on cost and 20% on reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods

in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

5,211

Additions

7,087

At 30 April 2014

12,298

DEPRECIATION

At 1 May 2013

3,975

Charge for year

2,899

At 30 April 2014

6,874

NET BOOK VALUE

At 30 April 2014

5,424

At 30 April 2013

1,236

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE CONTROLLING PARTY