Registered Number 06803554

ABBEYGATE WEALTH MANAGEMENT LIMITED

Abbreviated Accounts

31 January 2016

ABBEYGATE WEALTH MANAGEMENT LIMITED Registered Number 06803554

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 18,000 21,000
Tangible assets 3 4,969 4,198
Investments 4 627,121 627,121
650,090 652,319
Current assets
Debtors 33,801 49,534
Cash at bank and in hand 31 69
33,832 49,603
Creditors: amounts falling due within one year (101,266) (92,354)
Net current assets (liabilities) (67,434) (42,751)
Total assets less current liabilities 582,656 609,568
Creditors: amounts falling due after more than one year (522,218) (569,892)
Total net assets (liabilities) 60,438 39,676
Capital and reserves
Called up share capital 100 100
Profit and loss account 60,338 39,576
Shareholders' funds 60,438 39,676
  • For the year ending 31 January 2016 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.

Approved by the Board on 28 October 2016

And signed on their behalf by:
Mr J Stott, Director

ABBEYGATE WEALTH MANAGEMENT LIMITED Registered Number 06803554

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Land and buildings leasehold - 10% reducing balance
Fixtures, Fittings & Equipment - 25% reducing balance

2Intangible fixed assets
£
Cost
At 1 February 2015 30,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 January 2016 30,000
Amortisation
At 1 February 2015 9,000
Charge for the year 3,000
On disposals -
At 31 January 2016 12,000
Net book values
At 31 January 2016 18,000
At 31 January 2015 21,000
3Tangible fixed assets
£
Cost
At 1 February 2015 18,128
Additions 712
Disposals -
Revaluations -
Transfers -
At 31 January 2016 18,840
Depreciation
At 1 February 2015 13,930
Charge for the year -
On disposals (59)
At 31 January 2016 13,871
Net book values
At 31 January 2016 4,969
At 31 January 2015 4,198

4Fixed assets Investments
Fixed asset investments are stated at cost less provision for diminution in value.