One Life Financial Planning Ltd - Limited company - abbreviated

REGISTERED NUMBER: 05471468 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ONE LIFE FINANCIAL PLANNING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr C R Ellis

Mrs J Ellis

SECRETARY:

Mrs J Ellis

REGISTERED OFFICE:

Newton Creek

9 Beech Grove

Porthcawl

Bridgend

CF36 5DP

REGISTERED NUMBER:

05471468 (England and Wales)

ACCOUNTANTS:

Clay Shaw Butler

Chartered Accountants

24 Lammas Street

Carmarthen

Carmarthenshire

SA31 3AL

FIXED ASSETS

Tangible assets

2

14,451

14,328

CURRENT ASSETS

Debtors

25,409

22,248

Cash at bank and in hand

114,990

83,849

140,399

106,097

CREDITORS

Amounts falling due within one year

80,182

86,342

NET CURRENT ASSETS

60,217

19,755

TOTAL ASSETS LESS CURRENT
LIABILITIES

74,668

34,083

PROVISIONS FOR LIABILITIES

1,833

1,576

NET ASSETS

72,835

32,507

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

72,735

32,407

SHAREHOLDERS' FUNDS

72,835

32,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 28 April 2015 and were signed on its behalf by:

Mr C R Ellis - 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 net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

55,526

Additions

3,444

At 31 March 2015

58,970

DEPRECIATION

At 1 April 2014

41,198

Charge for year

3,321

At 31 March 2015

44,519

NET BOOK VALUE

At 31 March 2015

14,451

At 31 March 2014

14,328

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

Mr C R Ellis and Mrs J Ellis

Balance outstanding at start of year

(278

)

(498

)

Amounts advanced

21,570

147,820

Amounts repaid

-

(147,600

)

Balance outstanding at end of year

21,292

(278

)

One Life Financial Planning Ltd - Limited company - abbreviated - 11.6

One Life Financial Planning Ltd - Limited company - abbreviated - 11.6