Tiffanys Wealth Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03476770 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Tiffanys Wealth Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N C Tiffany

REGISTERED OFFICE:

9 St George's Yard

Castle Street

Farnham

Surrey

GU9 7LW

REGISTERED NUMBER:

03476770 (England and Wales)

ACCOUNTANTS:

Blackwood Futcher & Co.

Chartered Accountants

9 St George's Yard

Farnham

Surrey

GU9 7LW

FIXED ASSETS

Tangible assets

2

10,685

10,984

CURRENT ASSETS

Debtors

104,407

116,843

Cash in hand

-

90

104,407

116,933

CREDITORS

Amounts falling due within one year

67,812

59,061

NET CURRENT ASSETS

36,595

57,872

TOTAL ASSETS LESS CURRENT LIABILITIES

47,280

68,856

CREDITORS

Amounts falling due after more than one year

(29,257

)

(11,159

)

PROVISIONS FOR LIABILITIES

(2,137

)

(2,307

)

NET ASSETS

15,886

55,390

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

15,786

55,290

SHAREHOLDERS' FUNDS

15,886

55,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 15 May 2015 and were signed by:

N C Tiffany - 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

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

-

15% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

32,258

Additions

2,301

At 31 December 2014

34,559

DEPRECIATION

At 1 January 2014

21,274

Charge for year

2,600

At 31 December 2014

23,874

NET BOOK VALUE

At 31 December 2014

10,685

At 31 December 2013

10,984

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

90

Ordinary A

£1

90

90

10

Ordinary B

£1

10

10

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and

31 December 2013:

31.12.14

31.12.13

£

£

N C Tiffany

Balance outstanding at start of year

85,891

62,625

Amounts advanced

44,715

80,871

Amounts repaid

(72,153

)

(57,605

)

Balance outstanding at end of year

58,453

85,891

The maximum amount outstanding during the year and due to the company was £98,398. No interest was paid

during the year on this balance.

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N C Tiffany.