Abbreviated Company Accounts - HOWARD FINANCIAL SERVICES LIMITED

HOWARD FINANCIAL SERVICES LIMITED - Company Information

04528057 HOWARD FINANCIAL SERVICES LIMITED 2015-09-30 false 2014-10-01 2015-09-30 true 04528057 2014-10-01 2015-09-30 04528057 2015-09-30 04528057 2014-09-30 04528057 uk-gaap-cd-bus:Director1 2014-10-01 2015-09-30 04528057 uk-gaap-cd-bus:Director2 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 iso4217:GBP shares

Registered Number 04528057

HOWARD FINANCIAL SERVICES LIMITED

Abbreviated Accounts

30 September 2015

HOWARD FINANCIAL SERVICES LIMITED Registered Number 04528057

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	11,000
Tangible assets	3	9,111	9,184
		9,111	20,184
Current assets
Debtors	4	231,157	528,477
Cash at bank and in hand		51,531	92,025
		282,688	620,502
Creditors: amounts falling due within one year		(217,910)	(83,143)
Net current assets (liabilities)		64,778	537,359
Total assets less current liabilities		73,889	557,543
Provisions for liabilities		(1,577)	(1,674)
Total net assets (liabilities)		72,312	555,869
Capital and reserves
Called up share capital	5	100	100
Profit and loss account		72,212	555,769
Shareholders' funds		72,312	555,869

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 October 2015

And signed on their behalf by:
Mr S Howard, Director

HOWARD FINANCIAL SERVICES LIMITED Registered Number 04528057

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Fixtures & Fittings - 20% straight line
Motor Vehicles - 25% straight line

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Goodwill - over 3 years

2Intangible fixed assets

	£
Cost
At 1 October 2014	33,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	33,000
Amortisation
At 1 October 2014	22,000
Charge for the year	11,000
On disposals	-
At 30 September 2015	33,000
Net book values
At 30 September 2015	0
At 30 September 2014	11,000

3Tangible fixed assets

	£
Cost
At 1 October 2014	52,704
Additions	3,850
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	56,554
Depreciation
At 1 October 2014	43,520
Charge for the year	3,923
On disposals	-
At 30 September 2015	47,443
Net book values
At 30 September 2015	9,111
At 30 September 2014	9,184

4Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	120,000	120,000

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100