Beaumont Financial Planning Ltd Small abbreviated accounts

Beaumont Financial Planning Ltd Small abbreviated accounts


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COMPANY REGISTRATION NUMBER 05750028
BEAUMONT FINANCIAL PLANNING LTD
UNAUDITED ABBREVIATED ACCOUNTS
31 March 2015
STEWART ASSOCIATES SHREWSBURY LTD
Chartered Accountants
Emstrey House (North)
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG
BEAUMONT FINANCIAL PLANNING LTD
ABBREVIATED BALANCE SHEET
31 March 2015
2015
2014
Note
£
£
£
£
Fixed Assets
2
Tangible assets
-
-
Investments
441,185
466,342
----------
----------
441,185
466,342
Current Assets
Debtors
378,676
378,755
Cash at bank and in hand
237
535
----------
----------
378,913
379,290
Creditors: Amounts Falling due Within One Year
3
102,619
137,201
----------
----------
Net Current Assets
276,294
242,089
----------
----------
Total Assets Less Current Liabilities
717,479
708,431
Creditors: Amounts Falling due after More than One Year
4
13,161
18,249
----------
----------
704,318
690,182
----------
----------
Capital and Reserves
Called-up equity share capital
6
100
100
Profit and loss account
704,218
690,082
----------
----------
Shareholders' Funds
704,318
690,182
----------
----------
For the year ended 31st March 2015 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 accounts for the year in question in accordance with section 476; and
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved and signed by the director and authorised for issue on 4 December 2015 .
Mr M C Evans
Company Registration Number: 05750028
BEAUMONT FINANCIAL PLANNING LTD
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31st MARCH 2015
1. Accounting Policies
Basis of Accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Fixed Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 15% on cost
Equipment - 33.33% on cost
Pension Costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Investments
Fixed asset investments are stated at cost less any provision for permanent diminution in value.
2. Fixed Assets
Tangible Assets
Investments
Total
£
£
£
Cost
At 1st April 2014
21,979
466,342
488,321
Additions
13,579
13,579
Disposals
(38,736)
(38,736)
--------
----------
----------
At 31st March 2015
21,979
441,185
463,164
--------
----------
----------
Depreciation
At 1st April 2014
21,979
21,979
--------
----
--------
At 31st March 2015
21,979
21,979
--------
----
--------
Net Book Value
At 31st March 2015
441,185
441,185
----
----------
----------
At 31st March 2014
466,342
466,342
----
----------
----------
3. Creditors: Amounts Falling due Within One Year
The following liabilities disclosed under creditors falling due within one year are secured by the company:
2015
2014
£
£
Bank loans and overdrafts
6,251
6,250
-------
-------
4. Creditors: Amounts Falling due after More than One Year
The following liabilities disclosed under creditors falling due after more than one year are secured by the company:
2015
2014
£
£
Bank loans and overdrafts
13,161
18,249
--------
--------
5. Transactions With the Director
The following loans to directors subsisted during the years ended 31st March 2015 and 31st March 2014.
Mr M C Evans
2015
2014
£
£
Balance outstanding at start of year
297,962
164,871
Amounts advanced
4,969
133,091
----------
----------
Balance outstanding at end of year
302,931
297,962
----------
----------
Interest has been charged on the loan at a rate of 3.25%. The loan is repayable on demand.
6. Share Capital
Allotted, called up and fully paid:
2015
2014
No
£
No
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
100
100
100
100
----
----
----
----