Reeves Independent Fin' Manag' Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05036452 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

REEVES INDEPENDENT FINANCIAL

MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N J Reeves

Ms C D Gwynne

SECRETARY:

N J Reeves

REGISTERED OFFICE:

28a The Hundred

Romsey

Hampshire

SO51 8BW

REGISTERED NUMBER:

05036452 (England and Wales)

ACCOUNTANTS:

Kumar Associates

Chartered Certified Accountants

28a The Hundred

Romsey

Hampshire

SO51 8BW

FIXED ASSETS

Tangible assets

2

3,412

2,932

CURRENT ASSETS

Cash at bank

22,688

23,383

CREDITORS

Amounts falling due within one year

25,306

22,559

NET CURRENT (LIABILITIES)/ASSETS

(2,618

)

824

TOTAL ASSETS LESS CURRENT LIABILITIES

794

3,756

CAPITAL AND RESERVES

Called up share capital

3

150

150

Profit and loss account

644

3,606

SHAREHOLDERS' FUNDS

794

3,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 May 2016 and were signed on its behalf by:

N J Reeves - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

12,815

Additions

1,617

At 31 March 2016

14,432

DEPRECIATION

At 1 April 2015

9,883

Charge for year

1,137

At 31 March 2016

11,020

NET BOOK VALUE

At 31 March 2016

3,412

At 31 March 2015

2,932

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

50

Ordinary 'B' Shares

£1

50

50

150

150