Registration number:
All Things Financial Limited
for the
Year Ended 31 January 2018
All Things Financial Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
All Things Financial Limited
Company Information
Director |
S J Brannigan |
Company secretary |
Mrs H L Brannigan |
Registered office |
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Accountants |
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Page 1 |
All Things Financial Limited
(Registration number: 05099940)
Balance Sheet as at 31 January 2018
Note |
2018 |
2017 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 January 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Page 2 |
All Things Financial Limited
(Registration number: 05099940)
Balance Sheet as at 31 January 2018
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Director
Page 3 |
All Things Financial Limited
Notes to the Financial Statements for the Year Ended 31 January 2018
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency of these accounts is pound sterling (£).
Going concern
The financial statements have been prepared on a going concern basis, which assumes that the company will continue to trade in operational existence for the foreseeable future. At 31 January 2018, the company had net liabilities of £12,092 (2017 – £10,902). The directors have considered the position of the company with respect to its obligations to ensure the business can continue in operational existence for the foreseeable future, and confirms their approval to adopt the going concern basis for preparing the accounts.
Page 4 |
All Things Financial Limited
Notes to the Financial Statements for the Year Ended 31 January 2018
2 |
Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and Fittings |
25% reducing balance |
Computer equipment |
Straight line over 3 years |
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Page 5 |
All Things Financial Limited
Notes to the Financial Statements for the Year Ended 31 January 2018
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 February 2017 |
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At 31 January 2018 |
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Depreciation |
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At 1 February 2017 |
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At 31 January 2018 |
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Carrying amount |
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At 31 January 2018 |
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Debtors |
2018 |
2017 |
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Other debtors |
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Page 6 |
All Things Financial Limited
Notes to the Financial Statements for the Year Ended 31 January 2018
Creditors |
Creditors: amounts falling due within one year
2018 |
2017 |
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Due within one year |
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Accruals |
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Other creditors |
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Page 7 |