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REGISTERED NUMBER: SC350315 (Scotland)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

DAVID MUNRO FINANCIAL SERVICES LIMITED

DAVID MUNRO FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC350315)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

DAVID MUNRO FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTOR: D Munro





SECRETARY: D Munro





REGISTERED OFFICE: 31 Duart Avenue
PRESTWICK
Ayrshire
KA9 1NA





REGISTERED NUMBER: SC350315 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
20 Barns Street
Ayr
Ayrshire
KA7 1XA

DAVID MUNRO FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC350315)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

31/3/14 31/3/13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 30,000 36,000
Tangible assets 3 1,406 1,875
31,406 37,875

CURRENT ASSETS
Debtors 6,282 18,134
Cash at bank 19,958 13,445
26,240 31,579
CREDITORS
Amounts falling due within one year 9,184 12,935
NET CURRENT ASSETS 17,056 18,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

48,462

56,519

CAPITAL AND RESERVES
Called up share capital 4 30,000 30,000
Profit and loss account 18,462 26,519
SHAREHOLDERS' FUNDS 48,462 56,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16 July 2014 and were signed by:




D Munro - Director


DAVID MUNRO FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC350315)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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

Office 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.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 60,000
AMORTISATION
At 1 April 2013 24,000
Amortisation for year 6,000
At 31 March 2014 30,000
NET BOOK VALUE

At 31 March 2014 30,000
At 31 March 2013 36,000

DAVID MUNRO FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: SC350315)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 4,639
DEPRECIATION
At 1 April 2013 2,764
Charge for year 469
At 31 March 2014 3,233
NET BOOK VALUE
At 31 March 2014 1,406
At 31 March 2013 1,875

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/14 31/3/13
value: £    £   
30,000 Ordinary £1 30,000 30,000

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an amount of £204 due to the director Mr D Munro. No interest is charged on this
amount and no date is set for repayment. (2013: £14).

6. RELATED PARTY DISCLOSURES

Dividends of £31200 were paid to the Director (2013 £33400)

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Munro.