Company Registration No. 08925070 (England and Wales)
Fernquest Financial Planning Limited
Abbreviated unaudited accounts
for the year ended 31 March 2016
Fernquest Financial Planning Limited
Abbreviated Balance Sheet
as at 31 March 2016
Tangible assets
2,107
1,557
Cash at bank and in hand
3,808
1,316
Creditors: amounts falling due within one year
(15,336)
(3,451)
Net current liabilities
(10,430)
(1,552)
Called up share capital
2
1
Profit and loss account
-
4
Total shareholders' funds
2
5
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 26 April 2016
Mr Luke W Fernquest
Director
Company Registration No. 08925070
Fernquest Financial Planning Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, considered to be over four years
2
Intangible fixed assets
Goodwill
3
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
At 1 April 2015
347
1,730
2,077
At 31 March 2016
347
3,156
3,503
At 1 April 2015
87
433
520
Charge for the year
87
789
876
At 31 March 2016
174
1,222
1,396
At 31 March 2016
173
1,934
2,107
At 31 March 2015
260
1,297
1,557
Fernquest Financial Planning Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
1
Shares issued during the period:
1 Ordinary shares of £1 each
1
