Registered Number 01198850

ABBOTSFORD FINANCIAL SERVICES LIMITED

Abbreviated Accounts

31 March 2016

ABBOTSFORD FINANCIAL SERVICES LIMITED Registered Number 01198850

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 882 1,038
Investments 3 2,500 2,500
3,382 3,538
Current assets
Debtors 3,870 494
Cash at bank and in hand 18,089 22,729
21,959 23,223
Creditors: amounts falling due within one year (19,160) (18,126)
Net current assets (liabilities) 2,799 5,097
Total assets less current liabilities 6,181 8,635
Accruals and deferred income (900) (900)
Total net assets (liabilities) 5,281 7,735
Capital and reserves
Called up share capital 4 500 500
Profit and loss account 4,781 7,235
Shareholders' funds 5,281 7,735
  • For the year ending 31 March 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 3 August 2016

And signed on their behalf by:
P Smith, Director

ABBOTSFORD FINANCIAL SERVICES LIMITED Registered Number 01198850

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

1Accounting 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 January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 15% reducing balance

Other accounting policies
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets
£
Cost
At 1 April 2015 5,747
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 5,747
Depreciation
At 1 April 2015 4,709
Charge for the year 156
On disposals -
At 31 March 2016 4,865
Net book values
At 31 March 2016 882
At 31 March 2015 1,038

3Fixed assets Investments
Balance at 31 March 2015 and 31 March 2016 £2,500

4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
500 Ordinary shares of £1 each 500 500