Apia Financial Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07047477 (England and Wales)

Apia Financial Limited

Abbreviated Unaudited Accounts for the Year Ended 31 October 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P P M Afoa

REGISTERED OFFICE:

31 Lynette Avenue

London

SW4 9HE

REGISTERED NUMBER:

07047477 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

2

11,875

1,480

CURRENT ASSETS

Debtors

-

20,000

Cash at bank

89,290

48,137

89,290

68,137

CREDITORS

Amounts falling due within one year

28,787

57,826

NET CURRENT ASSETS

60,503

10,311

TOTAL ASSETS LESS CURRENT LIABILITIES

72,378

11,791

PROVISIONS FOR LIABILITIES

2,132

296

NET ASSETS

70,246

11,495

CAPITAL AND RESERVES

Called up share capital

3

100

100

Capital redemption reserve

10,000

10,000

Profit and loss account

60,146

1,395

SHAREHOLDERS' FUNDS

70,246

11,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 January 2015 and were signed by:

P P M Afoa - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents commissions received.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

1,480

Additions

12,353

At 31 October 2014

13,833

DEPRECIATION

Charge for year

1,958

At 31 October 2014

1,958

NET BOOK VALUE

At 31 October 2014

11,875

At 31 October 2013

1,480

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary A

£1

100

100