Bow House Wealth Management Limited - Period Ending 2015-03-31

Registration number: 07775614

Bow House Wealth Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Bow House Wealth Management Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Bow House Wealth Management Limited
(Registration number: 07775614)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets		2			110,000			160,000
Tangible fixed assets		2			6,624			4,385
					116,624			164,385
Current assets
Debtors					2,818			-
Cash at bank and in hand					13,736			8,055
					16,554			8,055
Creditors: Amounts falling due within one year					(109,252)			(165,650)
Net current liabilities					(92,698)			(157,595)
Total assets less current liabilities					23,926			6,790
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					23,826			6,690
Shareholders' funds					23,926			6,790

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 director acknowledges his 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 director on 31 December 2015

.........................................
A C Benson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Bow House Wealth Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

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:

Asset class	Amortisation method and rate
Goodwill	Over 5 years

Depreciation

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

Asset class	Depreciation method and rate
Office Equipment	25% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Bow House Wealth Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2014		250,000			6,781			256,781
Additions		-			3,714			3,714
At 31 March 2015		250,000			10,495			260,495
Depreciation
At 1 April 2014		90,000			2,396			92,396
Charge for the year		50,000			1,475			51,475
At 31 March 2015		140,000			3,871			143,871
Net book value
At 31 March 2015		110,000			6,624			116,624
At 31 March 2014		160,000			4,385			164,385

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
A C Benson
	33,521	-	12,840	-

5

Control

The company is controlled by the director, Mr A Benson and his wife, Mrs L Benson.

Page 3