AAM Financial Management Limited - Period Ending 2015-10-31

AAM Financial Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015

Oxlade & Bond Limited
Chartered Certified Accountants
The Blue Farmhouse
86-90 Cumberland Street
Woodbridge
Suffolk
IP12 4AE

AAM Financial Management Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
AAM Financial Management Limited
for the Year Ended 31 October 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AAM Financial Management Limited for the year ended 31 October 2015 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of AAM Financial Management Limited, as a body, in accordance with the terms of our engagement letter dated 12 October 2009. Our work has been undertaken solely to prepare for your approval the accounts of AAM Financial Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AAM Financial Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that AAM Financial Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AAM Financial Management Limited. You consider that AAM Financial Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of AAM Financial Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oxlade & Bond Limited
Chartered Certified Accountants
The Blue Farmhouse
86-90 Cumberland Street
Woodbridge
Suffolk
IP12 4AE

13 July 2016

Page 1

AAM Financial Management Limited
(Registration number: 06722806)
Abbreviated Balance Sheet at 31 October 2015

	Note	2015 £	2014 £
Fixed assets
Tangible fixed assets	2	897	639
Current assets
Cash at bank and in hand		36,338	27,758
Creditors: Amounts falling due within one year		(4,233)	(6,532)
Net current assets		32,105	21,226
Total assets less current liabilities		33,002	21,865
Provisions for liabilities		(180)	(130)
Net assets		32,822	21,735
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		32,722	21,635
Shareholders' funds		32,822	21,735

For the year ending 31 October 2015 the company was entitled to exemption from audit 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 director acknowledges his 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 director on 13 July 2016

.........................................
Mr D Harden
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

AAM Financial Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the amount of commission income receivable by the company during the accounting period from financial services sold. The company is not registered for value added tax. Turnover is recognised based on commission income receivable in the accounting period

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office and computer equipment	write off cost over a 5 year period

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 November 2014	2,560	2,560
Additions	565	565
At 31 October 2015	3,125	3,125
Depreciation
At 1 November 2014	1,921	1,921
Charge for the year	307	307
At 31 October 2015	2,228	2,228
Net book value
At 31 October 2015	897	897
At 31 October 2014	639	639

Page 3

AAM Financial Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015			2014
		No.	£		No.	£
Ordfinary shares of £1 each		100	100		100	100

Page 4