HUTTON_FINANCIAL_MANAGEME - Accounts

HUTTON FINANCIAL MANAGEMENT LIMITED - Company Information

Print Friendly Version

Company Registration No. 07396521 (England and Wales)

HUTTON FINANCIAL MANAGEMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

HUTTON FINANCIAL MANAGEMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

HUTTON FINANCIAL MANAGEMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

4,830

5,703

Current assets

Debtors

22,024

24,388

Cash at bank and in hand

1,062

718

23,086

25,106

Creditors: amounts falling due within one year

(17,838)

(23,072)

Net current assets

5,248

2,034

Total assets less current liabilities

10,078

7,737

Provisions for liabilities

(966)

(1,141)

9,112

6,596

Capital and reserves

Called up share capital

Profit and loss account

9,110

6,594

Shareholders' funds

9,112

6,596

For the financial year ended 30 September 2014 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 and authorised for issue on 22 April 2015

S L Hutton

Director

Company Registration No. 07396521

HUTTON FINANCIAL MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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 (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

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:

Plant and machinery

15% reducing balance

Computer equipment

25% straight line

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.

HUTTON FINANCIAL MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 October 2013

14,407

7,946

22,353

Additions

947

Disposals

(315)

At 30 September 2014

14,407

8,578

22,985

Depreciation

At 1 October 2013

14,407

2,243

16,650

On disposals

(122)

Charge for the year

1,627

At 30 September 2014

14,407

3,748

18,155

Net book value

At 30 September 2014

4,830

At 30 September 2013

5,703

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary of £1 each