for the Period Ended 30 June 2016
Company Information | |
Report of the Directors | |
Profit and Loss Account | |
Balance sheet | |
Notes to the Micro-Entity Accounts |
for the Period Ended 30 June 2016
Director: |
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Secretary: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 30 June 2016
Principal Activities
Directors
The directors shown below have held office during the whole of the period from
01 July 2015 to 30 June 2016
Mr Harvey George Evans, ACMA, CGMA
The director(s) shown below were appointed to the company during the period
Mrs Gaynor Juliet Evans on
Political and charitable donations
Company policy on the employment of disabled persons
Additional information
STATEMENT REGARDING GOING CONCERN: The 2 directors of the Company have no significant doubts about the entity's ability to continue as a going concern. Of the Company's 2 employees and directors 1 is a qualified accountant, and it is the ability to sell this individual's services to clients that is the basis of the Company's strength and longevity. This individual qualified over 11 years ago in September 2005, having passed their Final exams over 16 years ago in November 2000. This director holds the designations of Associate Chartered Management Accountant (ACMA), and Chartered Global Management Accountant (CGMA). This individual has a wealth of experience and knowledge which will serve the Company well for the foreseeable future. COMPANY'S BANKERS: These are Lloyds Bank Plc, Bath City Centre Branch, 47 Milsom Street, Bath, North East Somerset, BA1 1DN, United Kingdom. These have been the bankers since the Company was registered / incorporated at Companies House on 24 June 2010. COMPARATIVE PREVIOUS YEAR: The period under review is the fifth year of trading for the Company, and therefore the comparison to the previous year is to the Company's fourth year of trading. QUALIFICATION AS A 'SMALL COMPANY': The Company qualifies as a 'small company', in accordance with the definition contained in Sections 382 and 383 of the Companies Act 2006. The qualifying conditions are met by a company in a year in which it does not exceed more than one of the following criteria: (a) Turnover of £6,500,000 (b) Balance Sheet total of £3,260,000 (c) average number of employees of 50. For any company, other than a newly incorporated company, to qualify as small, the qualifying conditions must be met for 2 consecutive years. A company will cease to qualify as small if it fails to meet the qualifying conditions for 2 consecutive years. However, if a company which qualified as small in one period no longer meets the criteria for small in the next period, the company may continue to claim the exemption available in the next period. If that company then reverts back to being small by meeting the criteria, the exemption will continue uninterrupted. COMPANY NAME CHANGE: The Company changed its name from Newton Financial Management Limited to Bath Financial Management Ltd on 6 June 2012, being before the current period under review.
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
for the Period Ended 30 June 2016
Notes |
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2015 £ |
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Turnover: |
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Other Income: |
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Cost of raw materials and consumables: |
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Staff costs: |
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Depreciation and other amounts written off assets: |
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Other Charges: |
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Tax: |
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Profit or (loss): |
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As at
Notes |
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2015 £ |
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Called up share capital not paid: |
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Fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 2 |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 3 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: | 4 |
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Profit and loss account: |
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Total shareholders funds: |
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As at 30 June 2016
The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
Name:
Status: Director
for the Period Ended 30 June 2016
Basis of measurement and preparation of accounts
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Valuation information and policy
Other accounting policies
The financial statements have been prepared on the accruals basis of accounting. Hence, all income and charges relating to the financial year to which the accounts relate are taken into account, without regard to the date of payment or receipt.
for the Period Ended 30 June 2016
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Trade debtors: |
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Prepayments and accrued income: |
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Other debtors: |
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Total: |
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for the Period Ended 30 June 2016
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2015 £ |
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Bank loans and overdrafts: |
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Amounts due under finance leases and hire purchase contracts: |
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Trade creditors: |
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Taxation and social security: |
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Accruals and deferred income: |
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Other creditors: |
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Total: |
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