Cheltenham IFA Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06308841 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

CHELTENHAM INDEPENDENT FINANCIAL

ADVISERS LTD

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

M J Stanley

C L Heeley

SECRETARY:

Mrs E J Heeley

REGISTERED OFFICE:

5 Royal Crescent

Cheltenham

Gloucestershire

GL50 3DA

REGISTERED NUMBER:

06308841 (England and Wales)

ACCOUNTANTS:

Smith Heath Limited

Brent House

382 Gloucester Road

Cheltenham

Gloucestershire

GL51 7AY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Cheltenham Independent Financial Advisers Ltd for the year ended 31 March 2015 which

comprise the Profit and Loss Account, 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 Cheltenham Independent Financial Advisers Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cheltenham Independent Financial Advisers Ltd and state those matters that we have agreed to state to the Board of Directors of Cheltenham Independent Financial Advisers Ltd, 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cheltenham Independent Financial Advisers Ltd 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 Cheltenham Independent Financial Advisers Ltd. You consider that Cheltenham Independent Financial Advisers Ltd 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 financial statements of Cheltenham Independent

Financial Advisers Ltd. 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

financial statements.

Smith Heath Limited

Brent House

382 Gloucester Road

Cheltenham

Gloucestershire

GL51 7AY

18 May 2015

FIXED ASSETS

Intangible assets

2

15,280

81,195

Tangible assets

3

61,665

43,046

76,945

124,241

CURRENT ASSETS

Debtors

20,246

22,897

Investments

18,029

18,029

Cash at bank and in hand

108,216

83,940

146,491

124,866

CREDITORS

Amounts falling due within one year

82,921

72,456

NET CURRENT ASSETS

63,570

52,410

TOTAL ASSETS LESS CURRENT LIABILITIES

140,515

176,651

CREDITORS

Amounts falling due after more than one year

4

(90,000

)

(90,000

)

PROVISIONS FOR LIABILITIES

(12,163

)

(8,402

)

NET ASSETS

38,352

78,249

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

38,252

78,149

SHAREHOLDERS' FUNDS

38,352

78,249

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 18 May 2015 and were signed on its behalf by:

M J Stanley - Director

C L Heeley - 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 the total invoice value, excluding value added tax, of sales made during the year and derives

from the provision of services falling within the company's ordinary activities.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 3 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings and equipment

-

15% reducing balance and 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

429,847

AMORTISATION

At 1 April 2014

348,652

Amortisation for year

65,915

At 31 March 2015

414,567

NET BOOK VALUE

At 31 March 2015

15,280

At 31 March 2014

81,195

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

59,366

Additions

30,105

At 31 March 2015

89,471

DEPRECIATION

At 1 April 2014

16,320

Charge for year

11,486

At 31 March 2015

27,806

NET BOOK VALUE

At 31 March 2015

61,665

At 31 March 2014

43,046

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable otherwise than by instalments

90,000

90,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100