Abbreviated Company Accounts - THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED

WESTCOTTS FINANCIAL MANAGEMENT LIMITED - Company Information

04342122 THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED 2014-04-30 false 2013-05-01 2014-04-30 true 04342122 2013-05-01 2014-04-30 04342122 2014-04-30 04342122 2013-04-30 04342122 uk-gaap-cd-bus:Director1 2013-05-01 2014-04-30 04342122 uk-gaap-cd-bus:Director2 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-01 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-30 iso4217:GBP shares

Registered Number 04342122

THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED

Abbreviated Accounts

30 April 2014

THOMAS WESTCOTT FINANCIAL MANAGEMENT LIMITED Registered Number 04342122

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,291	775
		2,291	775
Current assets
Debtors		76,457	50,500
Investments		-	100,000
Cash at bank and in hand		97,226	33,841
		173,683	184,341
Creditors: amounts falling due within one year		(68,081)	(54,691)
Net current assets (liabilities)		105,602	129,650
Total assets less current liabilities		107,893	130,425
Total net assets (liabilities)		107,893	130,425
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		107,892	130,424
Shareholders' funds		107,893	130,425

For the year ending 30 April 2014 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 11 December 2014

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 2014

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 April 2008.

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 July 2014. 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 July 2014. 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.

Valuation information and policy
Investments - Current asset investments are at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 May 2013	6,898
Additions	2,589
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	9,487
Depreciation
At 1 May 2013	6,123
Charge for the year	1,073
On disposals	-
At 30 April 2014	7,196
Net book values
At 30 April 2014	2,291
At 30 April 2013	775

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

	2014 £	2013 £
2 Ordinary shares of £0.10 each	0	0