John Finnegan Wealth Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07311872 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

John Finnegan Wealth Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Finnegan

Mrs M Finnegan

REGISTERED OFFICE:

119 The Hub

300 Kensal Road

London

W10 5BE

REGISTERED NUMBER:

07311872 (England and Wales)

ACCOUNTANT:

Hilton Consulting Limited

119 The Hub

300 Kensal Road

London

W10 5BE

FIXED ASSETS

Intangible assets

2

738,736

803,740

Tangible assets

3

2,895

2,714

741,631

806,454

CURRENT ASSETS

Debtors

41,673

62,609

Cash at bank

339,076

249,860

380,749

312,469

CREDITORS

Amounts falling due within one year

59,433

98,452

NET CURRENT ASSETS

321,316

214,017

TOTAL ASSETS LESS CURRENT LIABILITIES

1,062,947

1,020,471

CREDITORS

Amounts falling due after more than one year

635,000

700,000

NET ASSETS

427,947

320,471

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

427,945

320,469

SHAREHOLDERS' FUNDS

427,947

320,471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 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 Board of Directors on 17 April 2015 and were signed on its behalf by:

J Finnegan - 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 commission income.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of fifteen years.

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

-

25% on reducing balance

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

981,146

AMORTISATION

At 1 August 2013

177,406

Amortisation for year

65,004

At 31 July 2014

242,410

NET BOOK VALUE

At 31 July 2014

738,736

At 31 July 2013

803,740

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

4,588

Additions

1,148

At 31 July 2014

5,736

DEPRECIATION

At 1 August 2013

1,874

Charge for year

967

At 31 July 2014

2,841

NET BOOK VALUE

At 31 July 2014

2,895

At 31 July 2013

2,714

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

2

Ordinary Share

£1

2

2