Company Registration No. 04532330 (England and Wales)
IWC ESTATE PLANNING & MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
IWC ESTATE PLANNING & MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
IWC ESTATE PLANNING & MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
2,850
3,000
Tangible assets
2
12,445
8,358
15,295
11,358
Current assets
Stocks
-
5,900
Debtors
116,106
132,664
Cash at bank and in hand
184,900
124,462
301,006
263,026
Creditors: amounts falling due within one year
(59,996)
(65,954)
Net current assets
241,010
197,072
Total assets less current liabilities
256,305
208,430
Provisions for liabilities
(2,489)
-
253,816
208,430
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
253,716
208,330
Shareholders' funds
253,816
208,430
IWC ESTATE PLANNING & MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 30 May 2017
Mr T S Crocker
Director
Company Registration No. 04532330
IWC ESTATE PLANNING & MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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 less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
3,000
21,372
24,372
Additions
-
9,193
9,193
Disposals
-
(7,086)
(7,086)
At 30 September 2016
3,000
23,479
26,479
Depreciation
At 1 October 2015
-
13,014
13,014
On disposals
-
(6,130)
(6,130)
Charge for the year
150
4,150
4,300
At 30 September 2016
150
11,034
11,184
Net book value
At 30 September 2016
2,850
12,445
15,295
At 30 September 2015
3,000
8,358
11,358
IWC ESTATE PLANNING & MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100