Company Registration No. 03163803 (England and Wales)
CENTRAL INDEPENDENT FINANCIAL SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2016
CENTRAL INDEPENDENT FINANCIAL SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CENTRAL INDEPENDENT FINANCIAL SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
170
Current assets
Debtors
11,765
96,983
Cash at bank and in hand
22,953
49,526
34,718
146,509
Creditors: amounts falling due within one year
(27,054)
(142,780)
Net current assets
7,664
3,729
Total assets less current liabilities
7,664
3,899
Capital and reserves
Called up share capital
3
105
105
Profit and loss account
7,559
3,794
Shareholders' funds
7,664
3,899
For the financial Period ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 December 2016
Mr D R Burns
Director
Company Registration No. 03163803
CENTRAL INDEPENDENT FINANCIAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover shown in the profit and loss represents amounts invoiced during the year.
shown in the profit and loss represents amounts invoiced during the year.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Equipment
straight line over 3 years
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
8,298
Disposals
(8,298)
At 30 June 2016
-
Depreciation
At 1 January 2015
8,128
On disposals
(8,298)
Charge for the period
170
At 30 June 2016
-
Net book value
At 30 June 2016
-
At 31 December 2014
170
3
Share capital
2016
2014
£
£
Allotted, called up and fully paid
105 Ordinary shares of £1 each
105
105
CENTRAL INDEPENDENT FINANCIAL SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2016
- 3 -
4
Ultimate parent company
The company's ultimate parent company is Pool House Wealth Management Limited.