Accounts filed on 29-02-2016
Accounts filed on 29-02-2016
trueGlennan Wealth Management Limited084168532016-02-2921531712401721541712411710010021541712411716001600217017125717-98336-230236184248307260859127702416071131296984163895315353355953304500348000108537953Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Amortisation
Amortisation is calculated so as to write off the cost of an asset over
the useful economic life of that asset as follows:
Goodwill-10% straight line
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
Deferred taxation
Deferred tax is recognised in respect of all timing differences
that have originated but not reversed at the balance sheet date where
transactions or events have occurred at that date that will result in
an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are
expected to apply in the periods in which the timing differences reverse,
based on the tax rates and laws enacted or substantively enacted at the
balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
Fixtures & Fittingsstraight line0.250043500043500013050087000435001992612045788190734092498145492644704578811395739109248481Ordinary1001100100Ordinary11001001002016-04-06L C Glennantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGlennan Wealth Management Limited2015-03-012016-02-29Glennan Wealth Management Limited2014-03-012015-02-28Glennan Wealth Management Limited2014-02-28Glennan Wealth Management Limited2015-02-28Glennan Wealth Management Limited2015-02-28Glennan Wealth Management Limited2016-02-29 2016-04-06
