Richard Billington IFA Limited


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Registered number: 4667496
Richard Billington IFA Limited
Abbreviated accounts
For The Year Ended 31 March 2016
R S Freeman FCCA

Abbreviated Balance Sheet
2016 2015
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand 121,009 132,121
121,009 132,121
Creditors: Amounts Falling Due Within One Year (57,177) (34,633)
NET CURRENT ASSETS (LIABILITIES) 63,832 97,488
TOTAL ASSETS LESS CURRENT LIABILITIES 63,832 97,488
NET ASSETS 63,832 97,488
CAPITAL AND RESERVES
Called up share capital 2 2 2
Profit and Loss Account 63,830 97,486
SHAREHOLDERS' FUNDS 63,832 97,488
For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mr Richard Billington
12/04/2016
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Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 20%
Share Capital
Value Number 2016 2015
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 2 2 2
Transactions With and Loans to Directors
Dividends paid to directors
Ultimate Controlling Party
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
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