Abbreviated Company Accounts - IFA (SOUTH) LTD

MWM EMPLOYEE BENEFITS LIMITED - Company Information

Registered Number 08973336

IFA (SOUTH) LTD

Abbreviated Accounts

31 March 2015

IFA (SOUTH) LTD Registered Number 08973336

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015
		£
Fixed assets
Intangible assets	2	691,200
Tangible assets	3	7,293
		698,493
Current assets
Debtors		23,667
Cash at bank and in hand		59,198
		82,865
Creditors: amounts falling due within one year		(840,182)
Net current assets (liabilities)		(757,317)
Total assets less current liabilities		(58,824)
Total net assets (liabilities)		(58,824)
Capital and reserves
Called up share capital		100
Profit and loss account		(58,924)
Shareholders' funds		(58,824)

For the year ending 31 March 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 23 September 2015

And signed on their behalf by:
Phillip Rose, Director

IFA (SOUTH) LTD Registered Number 08973336

Notes to the Abbreviated Accounts for the period ended 31 March 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 the total invoice value of sales during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Office equipment - 20% reducing balance
Fixture and fittings - 20% reducing balance

Intangible assets amortisation policy
Goodwill - straight line over 5 years

2Intangible fixed assets

	£
Cost
Additions	864,000
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	864,000
Amortisation
Charge for the year	172,800
On disposals	-
At 31 March 2015	172,800
Net book values
At 31 March 2015	691,200

3Tangible fixed assets

	£
Cost
Additions	8,103
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	8,103
Depreciation
Charge for the year	810
On disposals	-
At 31 March 2015	810
Net book values
At 31 March 2015	7,293