Abbreviated Company Accounts - THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED

WESTCOTTS FINANCIAL MANAGEMENT LIMITED - Company Information

04342122 THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 04342122 2015-05-01 2016-04-30 04342122 2016-04-30 04342122 2015-04-30 04342122 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 04342122 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 04342122

THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED

Abbreviated Accounts

30 April 2016

THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED Registered Number 04342122

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,641	3,384
		2,641	3,384
Current assets
Debtors		100,793	110,293
Cash at bank and in hand		124,393	65,592
		225,186	175,885
Creditors: amounts falling due within one year		(139,095)	(81,984)
Net current assets (liabilities)		86,091	93,901
Total assets less current liabilities		88,732	97,285
Total net assets (liabilities)		88,732	97,285
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		88,731	97,284
Shareholders' funds		88,732	97,285

For the year ending 30 April 2016 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 14 December 2016

And signed on their behalf by:
MR R. B. THOMAS, Director

THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED Registered Number 04342122

Notes to the Abbreviated Accounts for the period ended 30 April 2016

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 January 2015).

Turnover policy
Turnover represents the total fees and commission receivable in respect of services provided during the year. The cut-off date for the inclusion of income in these accounts, in respect of fees and commissions generated during this accounting period is 31 October 2016. Claw-back of commissions are accounted for as soon as they are known. However, in the preparation of these accounts the cut-off date for any claw-back of commission is 31 October 2016. The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% straight line
Tangible fixed assets are stated at cost less accumulated depreciation.

Other accounting policies
Pensions - The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2Tangible fixed assets

	£
Cost
At 1 May 2015	12,041
Additions	956
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	12,997
Depreciation
At 1 May 2015	8,657
Charge for the year	1,699
On disposals	-
At 30 April 2016	10,356
Net book values
At 30 April 2016	2,641
At 30 April 2015	3,384

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £0.10 each	0	0