| South West Financial Planning Ltd |
| Registered number: |
04320209 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
5,010 |
|
|
5,250 |
| Debtors |
|
|
59,602 |
|
|
9,770 |
| Cash at bank and in hand |
|
|
58,252 |
|
|
99,547 |
|
|
|
122,864 |
|
|
114,567 |
|
| Creditors: amounts falling due within one year |
|
|
(50,802) |
|
|
(46,085) |
|
| Net Current Assets |
|
|
|
72,062 |
|
|
68,482 |
|
| Net Assets |
|
|
|
72,062 |
|
|
68,482 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
2 |
|
|
108 |
|
|
102 |
| Profit and loss account |
|
|
|
71,954 |
|
|
68,380 |
|
| Shareholders' funds |
|
|
|
72,062 |
|
|
68,482 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| A Watts |
| Director |
| Approved by the board on 15 April 2016 |
|
| South West Financial Planning Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: |
|
|
Office Equipment and Fixtures & Fittings |
25% straight line |
|
Computer Equipment |
33% straight line |
|
|
Stocks |
|
Work in Progress is valued at the lower of cost and net realisable value. |
|
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary Shares |
£0.01 each |
|
10,526 |
|
106 |
|
100 |
|
Non Equity A shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
Non Equity B shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
108 |
|
102 |
|
|
|
|
|
|
108 |
|
102 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary Shares |
£0.01 |
|
526 |
|
£5.26 |
|
|
|
|
|
|
£5.26 |
|
|
|
|
|
|
|
