Registered Number 07138035

BAGGETTE & COMPANY WEALTH MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2015

BAGGETTE & COMPANY WEALTH MANAGEMENT LIMITED Registered Number 07138035

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 38,636 18,997
Tangible assets 3 30,611 30,713
69,247 49,710
Current assets
Debtors 287,839 310,849
Cash at bank and in hand 81,678 50,536
369,517 361,385
Creditors: amounts falling due within one year (187,199) (195,602)
Net current assets (liabilities) 182,318 165,783
Total assets less current liabilities 251,565 215,493
Creditors: amounts falling due after more than one year - (6,715)
Provisions for liabilities (15,489) (11,907)
Total net assets (liabilities) 236,076 196,871
Capital and reserves
Called up share capital 25,000 25,000
Profit and loss account 211,076 171,871
Shareholders' funds 236,076 196,871
  • For the year ending 31 March 2015 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 1 July 2015

And signed on their behalf by:
K Baggette, Director

BAGGETTE & COMPANY WEALTH MANAGEMENT LIMITED Registered Number 07138035

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents commissions earned and fees charged during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Lease, Straight line over the term of the lease: Fixtures fittings and equipment 20% to 25% Reducing balance.

Intangible assets amortisation policy
Goodwill is written off in equal annual instalments over its estimated useful economic life of 3 years.

2Intangible fixed assets
£
Cost
At 1 April 2014 121,870
Additions 33,000
Disposals -
Revaluations -
Transfers -
At 31 March 2015 154,870
Amortisation
At 1 April 2014 102,873
Charge for the year 13,361
On disposals -
At 31 March 2015 116,234
Net book values
At 31 March 2015 38,636
At 31 March 2014 18,997
3Tangible fixed assets
£
Cost
At 1 April 2014 51,193
Additions 9,200
Disposals (18,791)
Revaluations -
Transfers -
At 31 March 2015 41,602
Depreciation
At 1 April 2014 20,480
Charge for the year 6,211
On disposals (15,700)
At 31 March 2015 10,991
Net book values
At 31 March 2015 30,611
At 31 March 2014 30,713

4Transactions with directors

Name of director receiving advance or credit: K Baggette
Description of the transaction: Loan
Balance at 1 April 2014: £ 55,554
Advances or credits made: £ 7,701
Advances or credits repaid: -
Balance at 31 March 2015: £ 63,255
Name of director receiving advance or credit: V Baggette
Description of the transaction: Loan
Balance at 1 April 2014: £ 55,554
Advances or credits made: £ 7,701
Advances or credits repaid: -
Balance at 31 March 2015: £ 63,255