Tailored Wealth Financial Planning Limit - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04933569 (England and Wales)

TAILORED WEALTH FINANCIAL PLANNING

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M D Tipper

Mr A Codner

REGISTERED OFFICE:

Unit 6 Helmores Yard

Exeter Street

Teignmouth

Devon

TQ14 8JW

REGISTERED NUMBER:

04933569 (England and Wales)

ACCOUNTANTS:

Mark Holt & Co Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

CURRENT ASSETS

Debtors

146,863

141,023

CREDITORS

Amounts falling due within one year

96,077

91,833

NET CURRENT ASSETS

50,786

49,190

TOTAL ASSETS LESS CURRENT LIABILITIES

50,786

49,190

CAPITAL AND RESERVES

Called up share capital

4

4

4

Profit and loss account

50,782

49,186

SHAREHOLDERS' FUNDS

50,786

49,190

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 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 24 September 2015 and were signed on its behalf by:

Mr A Codner - 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 value of goods and services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration date.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service

provided to date based on a proportion of the total expected consideration at completion. Where payments are received

from customers in advance of services provided, the amounts are recorded as deferred income and included as part of

creditors due within one year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of four 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

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different

from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences

which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply

when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

15,500

AMORTISATION

At 1 January 2014

and 31 December 2014

15,500

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

6,474

DEPRECIATION

At 1 January 2014

and 31 December 2014

6,474

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

4

4

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 December 2013:

2014

2013

£

£

Mr M D Tipper

Balance outstanding at start of year

43,999

42,307

Amounts advanced

1,516

1,692

Amounts repaid

-

-

Balance outstanding at end of year

45,515

43,999

Mr A Codner

Balance outstanding at start of year

91,614

119,449

Amounts advanced

3,156

13,974

Amounts repaid

-

(41,809

)

Balance outstanding at end of year

94,770

91,614