Abbreviated Company Accounts - ADVOCATE FINANCE LIMITED

Abbreviated Company Accounts - ADVOCATE FINANCE LIMITED

ADVOCATE FINANCE LIMITED - Company Information

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Registered Number 05579380

ADVOCATE FINANCE LIMITED

Abbreviated Accounts

31 March 2016

ADVOCATE FINANCE LIMITED Registered Number 05579380

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 20,000 20,000
Tangible assets 3 3,157 2,907
23,157 22,907
Current assets
Debtors 2,293 547
Cash at bank and in hand 108,843 71,296
111,136 71,843
Creditors: amounts falling due within one year (25,014) (21,264)
Net current assets (liabilities) 86,122 50,579
Total assets less current liabilities 109,279 73,486
Creditors: amounts falling due after more than one year - (10,600)
Total net assets (liabilities) 109,279 62,886
Capital and reserves
Called up share capital 1,000 1,000
Share premium account 4,000 4,000
Profit and loss account 104,279 57,886
Shareholders' funds 109,279 62,886
  • For the year ending 31 March 2016 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 9 May 2016

And signed on their behalf by:
D P Tonks, Director

ADVOCATE FINANCE LIMITED Registered Number 05579380

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each
asset over its expected useful life, as follows:

Plant and machinery - 1/3 of cost per year

Intangible assets amortisation policy
Acquired goodwill is capitalised and subjected to an annual impairment review. Goodwill is not depreciated annually. This accounting treatment represents a departure from the Companies Act which is necessary to ensure that the accounts give a true and fair view of the company's profit for the period and of its assets at the balance sheet date.

2Intangible fixed assets
£
Cost
At 1 April 2015 20,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 20,000
Amortisation
At 1 April 2015 -
Charge for the year -
On disposals -
At 31 March 2016 -
Net book values
At 31 March 2016 20,000
At 31 March 2015 20,000
3Tangible fixed assets
£
Cost
At 1 April 2015 4,891
Additions 2,834
Disposals -
Revaluations -
Transfers -
At 31 March 2016 7,725
Depreciation
At 1 April 2015 1,984
Charge for the year 2,584
On disposals -
At 31 March 2016 4,568
Net book values
At 31 March 2016 3,157
At 31 March 2015 2,907