Assured Wills and Probate Limited (formerly known as Assured Life and Protection Limited) Produce iXBRL abbreviated or dormant small company accounts for eFiling

COMPANY REGISTRATION NUMBER 04425477

ASSURED WILLS AND PROBATE LIMITED (FORMERLY KNOWN AS ASSURED LIFE AND PROTECTION LIMITED)

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 March 2015

LB GROUP

Chartered Accountants

Onslow House

62 Broomfield Road

Chelmsford

Essex

CM1 1SW

ASSURED WILLS AND PROBATE LIMITED (FORMERLY KNOWN

AS ASSURED LIFE AND PROTECTION LIMITED)

ABBREVIATED BALANCE SHEET

31 March 2015

	2015		2014
Note	£	£	£

CURRENT ASSETS

Debtors	-		2,934
Cash at bank and in hand	2,940		3,722
	-------		-------
	2,940		6,656
CREDITORS: Amounts falling due within one year	2,655		6,366
	-------		-------
NET CURRENT ASSETS		285	290
		----	----
TOTAL ASSETS LESS CURRENT LIABILITIES		285	290
		----	----

CAPITAL AND RESERVES

Called-up equity share capital	2	100	100
Profit and loss account		185	190
		----	----
SHAREHOLDERS' FUNDS		285	290
		----	----

For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 12 October 2015 , and are signed on their behalf by:

Mr K Welshman

Company Registration Number: 04425477

ASSURED WILLS AND PROBATE LIMITED (FORMERLY KNOWN

AS ASSURED LIFE AND PROTECTION LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 MARCH 2015

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. SHARE CAPITAL

Allotted, called up and fully paid:

	2015		2014
	No	£	No	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----
	100	100	100	100
	----	----	----	----

3. TRANSACTIONS WITH THE DIRECTOR

During the year Mr K Welshman and Mrs G Welshman, directors of the company, received dividends of £5,500 (2014: £8,500). The balance due to the directors at the year end was £108 (2014: £3,246).

The amount represents a non interest bearing loan and is repayable on demand.

4. CONTROL

The company was under the control of Mrs G Welshman & Mr K Welshman throughout the current and previous year. Mrs G Welshman is the managing director and majority shareholder.