false true true true 2009-08-01 2010-07-31 2010-07-31 true 04818631 2009-08-01 2010-07-31 04818631 2008-08-01 2009-07-31 04818631 2010-07-31 04818631 2009-07-31 04818631 2009-07-31 04818631 2008-08-01 04818631 uk-bus:Director1 2009-08-01 2010-07-31 04818631 uk-bus:Director1 2009-08-01 04818631 uk-bus:Director1 2010-07-31 04818631 uk-bus:Director2 2009-08-01 2010-07-31 04818631 uk-bus:Director2 2009-08-01 04818631 uk-bus:Director2 2010-07-31 04818631 uk-bus:CompanySecretary 2009-08-01 2010-07-31 04818631 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2009-08-01 2010-07-31 04818631 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2008-08-01 2009-07-31 04818631 uk-gaap:LeasedTangibleFixedAssets 2009-08-01 2010-07-31 04818631 uk-gaap:LeasedTangibleFixedAssets 2008-08-01 2009-07-31 04818631 uk-gaap:NetGoodwill 2009-08-01 2010-07-31 04818631 uk-gaap:NetGoodwill 2008-08-01 2009-07-31 04818631 uk-gaap:IntangibleAssetsOtherThanGoodwill 2009-08-01 2010-07-31 04818631 uk-gaap:IntangibleAssetsOtherThanGoodwill 2008-08-01 2009-07-31 04818631 uk-bus:AllEntityOfficers 2009-08-01 2010-07-31 04818631 uk-bus:AllEntityOfficers 2008-08-01 2009-07-31 04818631 uk-bus:AllOrdinaryShares 2009-08-01 2010-07-31 04818631 uk-bus:AllOrdinaryShares 2010-07-31 04818631 uk-bus:AllOrdinaryShares 2008-08-01 2009-07-31 04818631 uk-bus:AllOrdinaryShares 2009-07-31 04818631 uk-bus:AllPreferenceShares 2009-08-01 2010-07-31 04818631 uk-bus:AllPreferenceShares 2010-07-31 04818631 uk-bus:AllPreferenceShares 2008-08-01 2009-07-31 04818631 uk-bus:AllPreferenceShares 2009-07-31 04818631 uk-gaap:NetGoodwill 2010-07-31 04818631 uk-gaap:NetGoodwill 2009-07-31 04818631 uk-gaap:IntangibleAssetsOtherThanGoodwill 2010-07-31 04818631 uk-gaap:IntangibleAssetsOtherThanGoodwill 2009-07-31 04818631 uk-gaap:LandBuildings 2010-07-31 04818631 uk-gaap:LandBuildings 2009-08-01 2010-07-31 04818631 uk-gaap:LandBuildings 2009-07-31 04818631 uk-gaap:PlantMachinery 2010-07-31 04818631 uk-gaap:PlantMachinery 2009-08-01 2010-07-31 04818631 uk-gaap:PlantMachinery 2009-07-31 04818631 uk-gaap:FixturesFittings 2010-07-31 04818631 uk-gaap:FixturesFittings 2009-08-01 2010-07-31 04818631 uk-gaap:FixturesFittings 2009-07-31 04818631 uk-gaap:MotorVehicles 2010-07-31 04818631 uk-gaap:MotorVehicles 2009-08-01 2010-07-31 04818631 uk-gaap:MotorVehicles 2009-07-31 04818631 uk-gaap:OfficeEquipment 2010-07-31 04818631 uk-gaap:OfficeEquipment 2009-08-01 2010-07-31 04818631 uk-gaap:OfficeEquipment 2009-07-31 04818631 uk-bus:RegisteredOffice 2009-08-01 2010-07-31 04818631 uk-gaap:WithinOneYear 2010-07-31 04818631 uk-gaap:WithinOneYear 2009-07-31 04818631 uk-gaap:AfterOneYear 2010-07-31 04818631 uk-gaap:AfterOneYear 2009-07-31 04818631 uk-gaap:BetweenOneFiveYears 2010-07-31 04818631 uk-gaap:BetweenOneFiveYears 2009-07-31 04818631 uk-gaap:MoreThanFiveYears 2010-07-31 04818631 uk-gaap:MoreThanFiveYears 2009-07-31 iso4217:GBP xbrli:pure xbrli:shares

SCANDINAVIAN FINANCE LIMITED




Company Registration Number:
04818631 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st August 2009

End date: 31st July 2010

SUBMITTED

SCANDINAVIAN FINANCE LIMITED

Company Information
for the Period Ended
31st July 2010




Director: M.E. Agnoli
S.Agnoli
Company secretary: M.E. Agnoli
Registered office: 55 Woodhill Avenue
Gerrards Cross
Buckinghamshire
SL9 8DR
Company Registration Number: 04818631 (England and Wales)

SCANDINAVIAN FINANCE LIMITED

Abbreviated Balance sheet
As at 31st July 2010

Notes 2010
£
2009
£
Fixed assets
Tangible assets: 7 52 102
Total fixed assets: 52 102
Current assets
Debtors: 8 9,043 0
Cash at bank and in hand: 141,065 195,537
Total current assets: 150,108 195,537
Creditors
Creditors: amounts falling due within one year 9 442 6,044
Net current assets (liabilities): 149,666 189,493
Total assets less current liabilities: 149,718 189,595
Total net assets (liabilities): 149,718 189,595

The notes form part of these financial statements

SCANDINAVIAN FINANCE LIMITED

Abbreviated Balance sheet
As at 31st July 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 10 100 100
Profit and Loss account: 149,618 189,495
Total shareholders funds: 149,718 189,595

For the year ending 31 July 2010 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 23 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: M.E. Agnoli
Status: Director

The notes form part of these financial statements

SCANDINAVIAN FINANCE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st July 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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 policy

    The turnover shown in the profit and loss account represents the invoiced amount of services provided together with interest and commissions received on loan arrangements, and other financial arrangements.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Fixtures, fittings and equipment - 25% on cost; computer equipment-100% on cost.

    Intangible fixed assets amortisation policy

    No intangible fixed assets apply to the accounts. In the event of any intangible fixed assets (including purchased goodwill and patents) should at any time be purchased they would be amortised at rates calculated to write off the assets on a straight basis over their estimated useful lives, not to exceed 20 years. Impairment of intangible assets would only be reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    There are no stocks and work-in-progress applicable to these accounts. If stocks and work-in-progress should be applicable they would be valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Costs include all direct expenditure and any appropriate proportion of fixed and variable overheads.

    Other accounting policies

    There are no assets obtained under hire purchase contracts or finance leases and also no obligations bearing any interest element. Monetary assets and liabilities denominated in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling on the date of the transaction. All differences are taken to the profit and loss account.

  • 7. Tangible assets

    Total
    Cost £
    At 01st August 2009: 11,037
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    At 31st July 2010: 11,037
    Depreciation
    At 01st August 2009: 10,935
    Charge for year: 50
    On disposals: 0
    Other adjustments 0
    At 31st July 2010: 10,985
    Net book value
    At 31st July 2010: 52
    At 31st July 2009: 102

  • 8. Debtors

    2010
    £
    2009
    £
    Trade debtors: 4,192 0
    Other debtors: 3,347 0
    Prepayments and accrued income: 1,504 0
    Total: 9,043 0

  • 9. Creditors: amounts falling due within one year

    2010
    £
    2009
    £
    Taxation and social security: 442 3,515
    Other creditors: - 2,529
    Total: 442 6,044

  • 10. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1 100
    Preference shares: 0 0 0
    Total share capital: 100
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1 100
    Preference shares: 0 0 0
    Total share capital: 100