REGISTERED NUMBER:
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INITIAL FINANCE LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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REGISTERED NUMBER:
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INITIAL FINANCE LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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INITIAL FINANCE LIMITED (REGISTERED NUMBER: 07019168) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the year ended 30 September 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
INITIAL FINANCE LIMITED |
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COMPANY INFORMATION |
for the year ended 30 September 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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INITIAL FINANCE LIMITED (REGISTERED NUMBER: 07019168) |
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ABBREVIATED BALANCE SHEET |
30 September 2016 |
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2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 2 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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The financial statements were approved by the Board of Directors on
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INITIAL FINANCE LIMITED (REGISTERED NUMBER: 07019168) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the year ended 30 September 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis which assumes that the company will |
continue in operational existence for the foreseeable future. The validity of the assumption depends on the |
continuing support of the company's finance providers. The financial statements do not include any adjustments |
that would result if the support did not continue. |
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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 January 2015). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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2. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is £
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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