One Vision Wealth Management Limited - Abbreviated accounts

ONE VISION WEALTH MANAGEMENT LIMITED - Company Information

Registered number

08650786

One Vision Wealth Management Limited

Abbreviated Financial Statements

31 January 2015

One Vision Wealth Management Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of One Vision Wealth Management Limited for the period 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 abbreviated financial statements of One Vision Wealth Management Limited for the period ended 31 January 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of One Vision Wealth Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of One Vision Wealth Management Limited and state those matters that we have agreed to state to the Board of Directors of One Vision Wealth Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than One Vision Wealth Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that One Vision Wealth Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of One Vision Wealth Management Limited. You consider that One Vision Wealth Management Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of One Vision Wealth Management 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 abbreviated accounts.

Clark Howes Accountants Limited
Certified Accountants
2 Minton Place
Victoria Road
Bicester
Oxon
OX26 6QB

12 May 2015

One Vision Wealth Management Limited
Registered number: 08650786
Abbreviated Balance Sheet
as at 31 January 2015

Notes			2015
£
Fixed assets
Tangible assets	2		1,472

Current assets
Debtors		12,342
Cash at bank and in hand		146,101
		158,443

Creditors: amounts falling due within one year		(48,734)

Net current assets			109,709

Total assets less current liabilities			111,181


Provisions for liabilities			(294)


Net assets			110,887

Capital and reserves
Called up share capital	3		90
Profit and loss account			110,797

Shareholders' funds			110,887

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Yvon Michael Edwin Captieux
Director
Approved by the board on 12 May 2015

One Vision Wealth Management Limited
Notes to the Abbreviated Accounts
for the period ended 31 January 2015

1	Accounting policies

	Basis of preparation
	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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Turnover is recognised when the goods are physically delivered to the customer and when services are provided.

	Depreciation
	Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant, machinery and office equipment			25% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the financial statements and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	Additions					2,165
	At 31 January 2015					2,165

	Depreciation
	Charge for the period					693
	At 31 January 2015					693

	Net book value
	At 31 January 2015					1,472


3	Share capital	Nominal		2015		2015
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		90		90

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		90		90


4	Ultimate controlling party

	During the period the company was controlled by the directors Paul Michael Duval and Yvon Michael Edwin Captieux by virtue of 100% shareholding.