IRIS Accounts Production v17.3.0.1062 02658254 Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure026582542016-03-31026582542017-03-31026582542016-04-012017-03-31026582542015-03-31026582542015-04-012016-03-31026582542016-03-3102658254ns15:EnglandWales2016-04-012017-03-3102658254ns14:PoundSterling2016-04-012017-03-3102658254ns10:Director12016-04-012017-03-3102658254ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3102658254ns10:SmallEntities2016-04-012017-03-3102658254ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3102658254ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3102658254ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3102658254ns10:FullAccounts2016-04-012017-03-3102658254ns10:Director22016-04-012017-03-3102658254ns10:CompanySecretary12016-04-012017-03-3102658254ns10:RegisteredOffice2016-04-012017-03-3102658254ns5:CurrentFinancialInstruments2017-03-3102658254ns5:CurrentFinancialInstruments2016-03-3102658254ns5:Non-currentFinancialInstruments2017-03-3102658254ns5:Non-currentFinancialInstruments2016-03-3102658254ns5:ShareCapital2017-03-3102658254ns5:ShareCapital2016-03-3102658254ns5:SharePremium2017-03-3102658254ns5:SharePremium2016-03-3102658254ns5:FurtherSpecificReserve1ComponentTotalEquity2017-03-3102658254ns5:FurtherSpecificReserve1ComponentTotalEquity2016-03-3102658254ns5:RetainedEarningsAccumulatedLosses2017-03-3102658254ns5:RetainedEarningsAccumulatedLosses2016-03-3102658254ns5:PlantMachinery2016-04-012017-03-3102658254ns5:PlantMachinery2016-03-3102658254ns5:PlantMachinery2017-03-3102658254ns5:PlantMachinery2016-03-3102658254ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3102658254ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3102658254ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2017-03-3102658254ns5:MoreThanFiveYearsns5:Non-currentFinancialInstruments2016-03-31


















ABS FINANCIAL PLANNING LIMITED

Unaudited Financial Statements for the Year Ended 31st March 2017






ABS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 02658254)






Contents of the Financial Statements
for the year ended 31st March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABS FINANCIAL PLANNING LIMITED

Company Information
for the year ended 31st March 2017







DIRECTORS: G Shields
Mrs A R Sutcliffe





SECRETARY: Mrs A R Sutcliffe





REGISTERED OFFICE: The Design Chapel
Cemetry Road
Southampton
SO15 7NN





REGISTERED NUMBER: 02658254 (England and Wales)





ACCOUNTANTS: Hall & Co
Chartered Accountants
Amplevine House
Dukes Road
Southampton
Hampshire
SO14 0ST

ABS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 02658254)

Balance Sheet
31st March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,727 7,766
Investments 5 357 357
7,084 8,123

CURRENT ASSETS
Debtors 6 38,941 54,939
Cash at bank and in hand 76,118 55,728
115,059 110,667
CREDITORS
Amounts falling due within one year 7 80,713 71,369
NET CURRENT ASSETS 34,346 39,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,430

47,421

CREDITORS
Amounts falling due after more than one
year

8

(1,000

)

(1,000

)

PROVISIONS FOR LIABILITIES (1,119 ) (1,349 )
NET ASSETS 39,311 45,072

ABS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 02658254)

Balance Sheet - continued
31st March 2017

2017 2016
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12,827 12,827
Share premium 4,500 4,500
Other reserves 3,912 3,912
Retained earnings 18,072 23,833
SHAREHOLDERS' FUNDS 39,311 45,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13th November 2017 and were signed
on its behalf by:





G Shields - Director


ABS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 02658254)

Notes to the Financial Statements
for the year ended 31st March 2017

1. STATUTORY INFORMATION

ABS Financial Planning Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents commission income and advisory fees recognised as income on the accruals
basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

ABS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 02658254)

Notes to the Financial Statements - continued
for the year ended 31st March 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2016 21,721
Additions 1,978
At 31st March 2017 23,699
DEPRECIATION
At 1st April 2016 13,955
Charge for year 3,017
At 31st March 2017 16,972
NET BOOK VALUE
At 31st March 2017 6,727
At 31st March 2016 7,766

5. FIXED ASSET INVESTMENTS

Fixed asset investments represents a trade investment and is stated at cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 29,517 35,106
Other debtors 9,424 19,833
38,941 54,939

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 76,524 65,377
Taxation and social security 1,379 2,849
Other creditors 2,810 3,143
80,713 71,369

ABS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 02658254)

Notes to the Financial Statements - continued
for the year ended 31st March 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2017 2016
£    £   
Other creditors 1,000 1,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans 1,000 1,000

9. OTHER FINANCIAL COMMITMENTS

At 31st March 2017 the company had total commitments under non-cancellable operating leases over
the remaining life of those leases of £38,354 (2016 - £50,728).

10. TRANSACTIONS WITH DIRECTORS

Throughout their careers in the financial services industry the directors have traded as self-employed
consultants. Under their contracts for services they received the following, which represented
commissions payable for business written, and had the respective balances payable by the company:

G Shields
Commission payable - £128,749 (2016 - £127,528)
Balance payable at 31st March 2017 - £47,643 (2016 - £30,330).

A Sutcliffe
Commission payable - £35,832 (2016 - £42,978)
Balance payable at 31st March 2017 - £8,565 (2016 - £9,971).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Shields.