Apia Financial Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07047477 (England and Wales)

Apia Financial Limited

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P P M Afoa

R A Azmir

REGISTERED OFFICE:

31 Lynette Avenue

London

SW4 9HE

REGISTERED NUMBER:

07047477 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

2

10,005

11,875

CURRENT ASSETS

Debtors

1,470

-

Cash at bank and in hand

16,700

89,290

18,170

89,290

CREDITORS

Amounts falling due within one year

974

28,787

NET CURRENT ASSETS

17,196

60,503

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,201

72,378

PROVISIONS FOR LIABILITIES

1,802

2,132

NET ASSETS

25,399

70,246

CAPITAL AND RESERVES

Called up share capital

3

200

100

Capital redemption reserve

10,000

Profit and loss account

15,199

60,146

SHAREHOLDERS' FUNDS

25,399

70,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 22 February 2016 and were signed on its behalf by:

P P M Afoa - Director

1.	ACCOUNTING POLICIES

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 commissions received.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

13,833

Additions

1,466

At 31 October 2015

15,299

DEPRECIATION

At 1 November 2014

1,958

Charge for year

3,336

At 31 October 2015

5,294

NET BOOK VALUE

At 31 October 2015

10,005

At 31 October 2014

11,875

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

-

200

100

100 Ordinary B shares of £1 each were allotted and fully paid for cash at par during the year.