Company Registration No. 07315603 (England and Wales)
AAA FINANCIAL MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016
AAA FINANCIAL MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AAA FINANCIAL MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
7,616
11,425
Tangible assets
2
2,426
2,495
10,042
13,920
Current assets
Debtors
27,574
21,984
Cash at bank and in hand
99,342
127,364
126,916
149,348
Creditors: amounts falling due within one year
(51,035)
(64,734)
Net current assets
75,881
84,614
Total assets less current liabilities
85,923
98,534
Creditors: amounts falling due after more than one year
-
(15,041)
Provisions for liabilities
(485)
(499)
85,438
82,994
Capital and reserves
Called up share capital
3
202
202
Profit and loss account
85,236
82,792
Shareholders' funds
85,438
82,994
AAA FINANCIAL MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 April 2017
Mr D L P Ferman
Director
Company Registration No. 07315603
AAA FINANCIAL MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.
1.3
Turnover
Turnover represents amounts receivable for services.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years . of 5 years.
1.5
Tangible fixed assets and depreciation
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:
Leasehold land and buildings
Over the term of the lease
Fixtures, fittings and equipment
25% reducing balance
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
AAA FINANCIAL MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2015
18,635
9,218
27,853
Additions
-
740
740
At 31 July 2016
18,635
9,958
28,593
Depreciation
At 1 August 2015
7,210
6,723
13,933
Charge for the year
3,809
809
4,618
At 31 July 2016
11,019
7,532
18,551
Net book value
At 31 July 2016
7,616
2,426
10,042
At 31 July 2015
11,425
2,495
13,920
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200
1 Ordinary "A" shares of £1 each
1
1
1 Ordinary "B" shares of £1 each
1
1
202
202
All shares rank pari passu in all respects.