Perry Appleton Financial Management Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03754162 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30 April 2015

for

Perry Appleton Financial Management Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A M Curtis

N M Toms

S G Leech

SECRETARY:

N M Toms

REGISTERED OFFICE:

The Elms 3 Newbold Road

Rugby

Warwickshire

CV21 2LQ

REGISTERED NUMBER:

03754162 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

The Stables

Church Walk

Daventry

Northamptonshire

NN11 4BL

FIXED ASSETS

Intangible assets

2

69,173

85,668

Tangible assets

3

2,431

962

71,604

86,630

CURRENT ASSETS

Debtors

63,752

80,356

Cash at bank

68,412

35,629

132,164

115,985

CREDITORS

Amounts falling due within one year

21,086

15,678

NET CURRENT ASSETS

111,078

100,307

TOTAL ASSETS LESS CURRENT LIABILITIES

182,682

186,937

CAPITAL AND RESERVES

Called up share capital

4

7,500

7,500

Capital redemption reserve

2,500

2,500

Profit and loss account

172,682

176,937

SHAREHOLDERS' FUNDS

182,682

186,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 26 June 2015 and were signed on its behalf by:

A M Curtis - 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 commission earned and fees which are mainly taken to credit when debit or fee notes are

issued irrespective of the inception date or period of insurance.

Goodwill

Goodwill, being the amount paid in connection with the acquisitions of businesses in 2000, 2006, 2008 and 2010

is being written off evenly over its estimated useful life of fifteen years. Goodwill purchased in 2012 is being

written off evenly over its useful estimated useful life of five 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 and fittings

-

20% on cost

Computer equipment

-

20% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

198,434

AMORTISATION

At 1 May 2014

112,766

Amortisation for year

16,495

At 30 April 2015

129,261

NET BOOK VALUE

At 30 April 2015

69,173

At 30 April 2014

85,668

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

1,495

Additions

1,792

At 30 April 2015

3,287

DEPRECIATION

At 1 May 2014

533

Charge for year

323

At 30 April 2015

856

NET BOOK VALUE

At 30 April 2015

2,431

At 30 April 2014

962

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/15

30/4/14

value:

£

£

7,500

Ordinary

£1

7,500

7,500