Arlington Financial Management Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03419914 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Arlington Financial Management Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Laurie

SECRETARY:

A Laurie

REGISTERED OFFICE:

7 Hocombe Road

Chandlers Ford

EASTLEIGH

Hampshire

SO53 5SL

REGISTERED NUMBER:

03419914 (England and Wales)

FIXED ASSETS

Intangible assets

2

30,000

CURRENT ASSETS

Stocks

3,000

Debtors

25,895

50,108

Cash at bank and in hand

28,922

43,577

57,817

96,685

CREDITORS

Amounts falling due within one year

19,959

72,867

NET CURRENT ASSETS

37,858

23,818

TOTAL ASSETS LESS CURRENT
LIABILITIES

67,858

53,818

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

67,857

53,817

SHAREHOLDERS' FUNDS

67,858

53,818

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

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

The director acknowledges his 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 director on 26 May 2017 and were signed by:

D Laurie - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is not being amortised.

Goodwill being the amount paid in connection with the business acquisition in 2012 is being amortised over 2

years.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

47,500

AMORTISATION

At 1 September 2015

and 31 August 2016

17,500

NET BOOK VALUE

At 31 August 2016

30,000

At 31 August 2015

30,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary £1 Shares

£1

1