Acumen Financial Partnership Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05706682 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Acumen Financial Partnership Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A E Maher

J Landy

SECRETARY:

S P Frampton

REGISTERED OFFICE:

45 Kensington Road

Southport

Merseyside

PR9 0RT

REGISTERED NUMBER:

05706682 (England and Wales)

ACCOUNTANTS:

Kirkwood Wilson Limited

45 Kensington Road

Southport

Merseyside

PR9 0RT

FIXED ASSETS

Tangible assets

2

-

17,083

CURRENT ASSETS

Debtors

56,727

26,454

Cash at bank and in hand

103,013

130,201

159,740

156,655

CREDITORS

Amounts falling due within one year

56,810

52,166

NET CURRENT ASSETS

102,930

104,489

TOTAL ASSETS LESS CURRENT LIABILITIES

102,930

121,572

CREDITORS

Amounts falling due after more than one year

-

(3,235

)

PROVISIONS FOR LIABILITIES

-

(2,472

)

NET ASSETS

102,930

115,865

CAPITAL AND RESERVES

Called up share capital

3

1,001

1,001

Profit and loss account

101,929

114,864

SHAREHOLDERS' FUNDS

102,930

115,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 27 November 2015 and were signed on its behalf by:

A E Maher - Director

J Landy - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost, 25% on reducing balance and 25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to

the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

79,165

Disposals

(16,135

)

At 28 February 2015

63,030

DEPRECIATION

At 1 March 2014

62,082

Charge for year

8,771

Eliminated on disposal

(7,823

)

At 28 February 2015

63,030

NET BOOK VALUE

At 28 February 2015

-

At 28 February 2014

17,083

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

1,000

'A' Ordinary

£1

1,000

1,000

1

'B' Ordinary

£1

1

1

1,001

1,001