Abbreviated Company Accounts - WHARTON FINANCIAL LTD

Abbreviated Company Accounts - WHARTON FINANCIAL LTD

WHARTON FINANCIAL LTD - Company Information

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Registered Number 07489657

WHARTON FINANCIAL LTD

Abbreviated Accounts

31 December 2014

WHARTON FINANCIAL LTD Registered Number 07489657

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 147 294
147 294
Current assets
Debtors - 811
Cash at bank and in hand 83 10,756
83 11,567
Creditors: amounts falling due within one year 0 (5,646)
Net current assets (liabilities) 83 5,921
Total assets less current liabilities 230 6,215
Total net assets (liabilities) 230 6,215
Capital and reserves
Called up share capital 2 2
Profit and loss account 228 6,213
Shareholders' funds 230 6,215
  • For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 July 2015

And signed on their behalf by:
Mr Peter Wharton, Director

WHARTON FINANCIAL LTD Registered Number 07489657

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents revenue recognised by the company in respect of professional financial management services rendered during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rate to write off each asset over its estimated useful life:- Office Equipment - depreciation at 25% on cost.

2Tangible fixed assets
£
Cost
At 1 January 2014 588
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 588
Depreciation
At 1 January 2014 294
Charge for the year 147
On disposals -
At 31 December 2014 441
Net book values
At 31 December 2014 147
At 31 December 2013 294