One2One Financial Advice Limited - Period Ending 2015-01-31

Registration number: 07441798

One2One Financial Advice Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Batchelor Coop Ltd Chartered Accountants
The New Barn Mill Lane Eastry Kent CT13 0JW

One2One Financial Advice Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
One2One Financial Advice Limited
for the Year Ended 31 January 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of One2One Financial Advice Limited for the year ended 31 January 2015 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of One2One Financial Advice Limited, as a body, in accordance with the terms of our engagement letter dated 23 November 2010. Our work has been undertaken solely to prepare for your approval the accounts of One2One Financial Advice Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than One2One Financial Advice Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that One2One Financial Advice Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of One2One Financial Advice Limited. You consider that One2One Financial Advice Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of One2One Financial Advice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Batchelor Coop Ltd
Chartered Accountants
The New Barn
Mill Lane
Eastry
Kent
CT13 0JW

10 March 2015

Page 1

One2One Financial Advice Limited
(Registration number: 07441798)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					4,572			3,637
Current assets
Debtors					1,752			1,683
Cash at bank and in hand					73,754			73,343
					75,506			75,026
Creditors: Amounts falling due within one year					(37,429)			(37,232)
Net current assets					38,077			37,794
Net assets					42,649			41,431
Capital and reserves
Called up share capital		3			202			202
Profit and loss account					42,447			41,229
Shareholders' funds					42,649			41,431

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 9 March 2015 and signed on its behalf by:

.........................................
GR Plommer
Director

.........................................
AJ Epps
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

One2One Financial Advice Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised when goods are supplied, irrespective of the date the goods were invoiced.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	15% written down value

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		5,515			5,515
Additions		1,743			1,743
At 31 January 2015		7,258			7,258
Depreciation
At 1 February 2014		1,878			1,878
Charge for the year		808			808
At 31 January 2015		2,686			2,686
Net book value
At 31 January 2015		4,572			4,572
At 31 January 2014		3,637			3,637

Page 3

One2One Financial Advice Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A Shares of 1		100			100			100			100
Ordinary B Shares of 1		100			100			100			100
Ordinary C Shares of 1		1			1			1			1
Ordinary D Shares of 1		1			1			1			1
		202			202			202			202

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
GR Plommer
Advances throughout the year	86	172	172	-
AJ Epps
Advances throughout the year	87	1	1	-

Page 4