Greshams Independent Financial Advisors - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07054426 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2018

for

Greshams Independent Financial Advisors

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J P O'Malley

A Cosford

SECRETARY:

L J P O'Malley

REGISTERED OFFICE:

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

REGISTERED NUMBER:

07054426 (England and Wales)

FIXED ASSETS

Intangible assets

4

10,000

10,000

Tangible assets

5

1,414

863

Investments

6

1

1

11,415

10,864

CURRENT ASSETS

Debtors

7

16,351

16,496

Cash in hand

69,919

60,871

86,270

77,367

CREDITORS

Amounts falling due within one year

8

31,206

24,575

NET CURRENT ASSETS

55,064

52,792

TOTAL ASSETS LESS CURRENT LIABILITIES

66,479

63,656

CAPITAL AND RESERVES

Called up share capital

20,003

20,003

Retained earnings

46,476

43,653

66,479

63,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 1 July 2019 and were signed on its behalf by:

L J P O'Malley - Director

A Cosford - Director

1.	STATUTORY INFORMATION

Greshams Independent Financial Advisors Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill is amortized over its useful life

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured using

tax rates and laws that have been enacted or substantively enacted by the year end and that are expected

to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2017

61,375

Additions

11,000

At 31 October 2018

72,375

AMORTISATION

At 1 November 2017

51,375

Charge for year

11,000

At 31 October 2018

62,375

NET BOOK VALUE

At 31 October 2018

10,000

At 31 October 2017

10,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2017

10,997

Additions

1,457

At 31 October 2018

12,454

DEPRECIATION

At 1 November 2017

10,134

Charge for year

906

At 31 October 2018

11,040

NET BOOK VALUE

At 31 October 2018

1,414

At 31 October 2017

863

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2017

and 31 October 2018

1

NET BOOK VALUE

At 31 October 2018

1

At 31 October 2017

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

4,185

4,591

Other debtors

12,166

11,905

16,351

16,496

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

30,206

24,575

Other creditors

1,000

-

31,206

24,575