Registered Number 01993472

ABC FINANCIAL ADVICE CENTRE LIMITED

Abbreviated Accounts

31 March 2012

ABC FINANCIAL ADVICE CENTRE LIMITED Registered Number 01993472

Abbreviated Balance Sheet as at 31 March 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 197,000 393,039
197,000 393,039
Current assets
Debtors 16,200 16,938
Cash at bank and in hand 5,100 1,795
21,300 18,733
Creditors: amounts falling due within one year (105,421) (204,421)
Net current assets (liabilities) (84,121) (185,688)
Total assets less current liabilities 112,879 207,351
Creditors: amounts falling due after more than one year (79,000) (83,690)
Total net assets (liabilities) 33,879 123,661
Capital and reserves
Called up share capital 16,100 16,100
Revaluation reserve - 129,937
Profit and loss account 17,779 (22,376)
Shareholders' funds 33,879 123,661
  • For the year ending 31 March 2012 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 28 March 2013

And signed on their behalf by:
Keith Colman, Director

ABC FINANCIAL ADVICE CENTRE LIMITED Registered Number 01993472

Notes to the Abbreviated Accounts for the period ended 31 March 2012

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixture, fittings and equipment 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2011 417,439
Additions -
Disposals (65,812)
Revaluations (129,937)
Transfers -
At 31 March 2012 221,690
Depreciation
At 1 April 2011 24,400
Charge for the year 290
On disposals -
At 31 March 2012 24,690
Net book values
At 31 March 2012 197,000
At 31 March 2011 393,039