Company Registration No. 07315603 (England and Wales)
AAA FINANCIAL MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2015
AAA FINANCIAL MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AAA FINANCIAL MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 JULY 2015
31 July 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
11,425
13,602
Tangible assets
2
2,495
5,689
13,920
19,291
Current assets
Debtors
21,984
10,991
Cash at bank and in hand
127,364
82,284
149,348
93,275
Creditors: amounts falling due within one year
(64,734)
(42,452)
Net current assets
84,614
50,823
Total assets less current liabilities
98,534
70,114
Creditors: amounts falling due after more than one year
(15,041)
(27,933)
Provisions for liabilities
(499)
(665)
82,994
41,516
Capital and reserves
Called up share capital
3
202
202
Profit and loss account
82,792
41,314
Shareholders' funds
82,994
41,516
AAA FINANCIAL MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2015
31 July 2015
- 2 -
For the financial year ended 31 July 2015 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 21 April 2016
Mr D L P Ferman
Director
Company Registration No. 07315603
AAA FINANCIAL MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015
- 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 April 2008).
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.
1.3
Turnover
Turnover represents amounts receivable for services.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years .
of 5 years
.
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:
Land and buildings Leasehold
Over the term of the lease
Fixtures, fittings & equipment
25% reducing balance
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
AAA FINANCIAL MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2014
17,003
9,218
26,221
Additions
1,632
-
1,632
At 31 July 2015
18,635
9,218
27,853
Depreciation
At 1 August 2014
3,401
3,529
6,930
Charge for the year
3,809
3,194
7,003
At 31 July 2015
7,210
6,723
13,933
Net book value
At 31 July 2015
11,425
2,495
13,920
At 31 July 2014
13,602
5,689
19,291
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200
1 Ordinary "A" shares of £1 each
1
1
1 Ordinary "B" shares of £1 each
1
1
202
202
All shares rank pari passu in all respects.