Abbreviated Company Accounts - PHOENIX TEMPLE WEALTH MANAGEMENT LTD

PHOENIX WEALTH MANAGEMENT LTD. - Company Information

Registered Number 03605826

PHOENIX TEMPLE WEALTH MANAGEMENT LTD

Abbreviated Accounts

31 July 2015

PHOENIX TEMPLE WEALTH MANAGEMENT LTD Registered Number 03605826

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	7,563	8,313
Tangible assets	3	2,682	1,228
		10,245	9,541
Current assets
Debtors		77,113	58,967
Cash at bank and in hand		32,903	3,122
		110,016	62,089
Creditors: amounts falling due within one year		(96,993)	(54,082)
Net current assets (liabilities)		13,023	8,007
Total assets less current liabilities		23,268	17,548
Total net assets (liabilities)		23,268	17,548
Capital and reserves
Called up share capital		10,000	10,000
Profit and loss account		13,268	7,548
Shareholders' funds		23,268	17,548

For the year ending 31 July 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 31 March 2016

And signed on their behalf by:
B O'Ciobhain, Director

PHOENIX TEMPLE WEALTH MANAGEMENT LTD Registered Number 03605826

Notes to the Abbreviated Accounts for the period ended 31 July 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 amounts chargeable for services provided in the year excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life:

Fixtures & fittings 15% on cost
Computer equipment 33% on cost
Motor vehicles 25% on cost

Intangible assets amortisation policy
Goodwill has been amortised at a rate calculated to write off the asset on a straight line basis over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 August 2014	15,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	15,000
Amortisation
At 1 August 2014	6,687
Charge for the year	750
On disposals	-
At 31 July 2015	7,437
Net book values
At 31 July 2015	7,563
At 31 July 2014	8,313

3Tangible fixed assets

	£
Cost
At 1 August 2014	50,549
Additions	1,939
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	52,488
Depreciation
At 1 August 2014	49,321
Charge for the year	485
On disposals	-
At 31 July 2015	49,806
Net book values
At 31 July 2015	2,682
At 31 July 2014	1,228