D A Owen Financial Services Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05371139

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

D A OWEN FINANCIAL SERVICES LIMITED

TRADING AS

HARRISON BEALE & OWEN FINANCIAL SERVICES

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

14,926

15,298

14,926

15,298

CURRENT ASSETS

Debtors

14,818

42,187

Cash at bank and in hand

463,323

418,714

478,141

460,901

CREDITORS

Amounts falling due within one year

338,035

361,767

NET CURRENT ASSETS

140,106

99,134

TOTAL ASSETS LESS CURRENT LIABILITIES

155,032

114,432

CAPITAL AND RESERVES

Called up share capital

4

200

200

Capital redemption reserve

25

25

Profit and loss account

154,807

114,207

SHAREHOLDERS' FUNDS

155,032

114,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 8 March 2016 and were signed on its behalf by:

R N Kendall - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous year.

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 commission income and fee income, excluding value added tax. Revenue is recognised on

the income in the period to which the income relates.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of eight years.

Tangible fixed assets

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

Furniture and equipment

-

20% on reducing balance

Computer equipment

-

33% on cost

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

250,000

AMORTISATION

At 1 July 2014

and 30 June 2015

250,000

NET BOOK VALUE

At 30 June 2015

-

At 30 June 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

56,409

Additions

6,297

At 30 June 2015

62,706

DEPRECIATION

At 1 July 2014

41,111

Charge for year

6,669

At 30 June 2015

47,780

NET BOOK VALUE

At 30 June 2015

14,926

At 30 June 2014

15,298

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

150

Ordinary A

£1

150

150

50

Ordinary B

£1

50

50

200

200