Company Registration No. 03834429 (England and Wales)
ABSOLUTELY INDEPENDENT FINANCIAL ADVISERS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 13 MAY 2016
ABSOLUTELY INDEPENDENT FINANCIAL ADVISERS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABSOLUTELY INDEPENDENT FINANCIAL ADVISERS LTD
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
25,650
Tangible assets
2
-
1,945
-
27,595
Current assets
Debtors
-
39,637
Cash at bank and in hand
113,472
46,881
113,472
86,518
Creditors: amounts falling due within one year
(12,337)
(17,929)
Net current assets
101,135
68,589
Total assets less current liabilities
101,135
96,184
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
101,133
96,182
Shareholders' funds
101,135
96,184
For the financial Period ended 13 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The directors acknowledge their 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 10 February 2017
Mr Neil Dunkley
Director
Company Registration No. 03834429
ABSOLUTELY INDEPENDENT FINANCIAL ADVISERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 13 MAY 2016
- 2 -
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 (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
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:
Computer equipment
20% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 13 May 2016
57,000
9,238
66,238
Depreciation
At 1 April 2015
31,350
7,293
38,643
Charge for the period
25,650
1,945
27,595
At 13 May 2016
57,000
9,238
66,238
Net book value
At 13 May 2016
-
-
-
At 31 March 2015
25,650
1,945
27,595
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
ABSOLUTELY INDEPENDENT FINANCIAL ADVISERS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 13 MAY 2016
- 3 -
4
Ultimate parent company
The ultimate controlling party is Harwood Wealth Management Group Plc, who became the ultimate parent company on 13 May 2016. Harwood Wealth Management Group Plc is a company registered in England and Wales.