FINANCE_TOGETHER_LIMITED - Accounts

FINANCE_TOGETHER_LIMITED - Accounts

FINANCE TOGETHER LIMITED - Company Information

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Company Registration No. 02455250 (England and Wales)
FINANCE TOGETHER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
FINANCE TOGETHER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
FINANCE TOGETHER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Intangible assets
2
14,495
19,328
Tangible assets
2
2,538
3,236
17,033
22,564
Current assets
Debtors
14,172
18,618
Cash at bank and in hand
94,797
91,709
108,969
110,327
Creditors: amounts falling due within one year
(17,239)
(20,187)
Net current assets
91,730
90,140
Total assets less current liabilities
108,763
112,704
Provisions for liabilities
(98)
-
0
108,665
112,704
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
107,665
111,704
Shareholders' funds
108,665
112,704
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 March 2014
Mr M Rothman
Director
Company Registration No. 02455250
FINANCE TOGETHER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents fees and commissions earned after deducting commissions clawed back during the year.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings leasehold
fully depreciated
Office equipment
25% reducing balance / 33% straight line
Furniture and fixtures
25% reducing balance
1.6
Pensions

The company pays into a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
FINANCE TOGETHER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2013
48,326
51,680
100,006
Additions
-
0
756
756
At 31 December 2013
48,326
52,436
100,762
Depreciation
At 1 January 2013
28,998
48,444
77,442
Charge for the year
4,833
1,454
6,287
At 31 December 2013
33,831
49,898
83,729
Net book value
At 31 December 2013
14,495
2,538
17,033
At 31 December 2012
19,328
3,236
22,564
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
625 Ordinary shares of £1 each
625
625
375 Ordinary A shares of £1 each
375
375
1,000
1,000
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
M Rothman - Advance
-
558
-
0
-
-
0
558
558
-
0
-
-
0
558
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