Financial Minefield Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05073455 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

Financial Minefield Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr P J Dolphin

SECRETARY:

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

05073455 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Intangible assets

2

40,819

Tangible assets

3

208,574

210,259

249,393

251,078

CURRENT ASSETS

Cash at bank

-

500

CREDITORS

Amounts falling due within one year

4

162,771

67,983

NET CURRENT LIABILITIES

(162,771

)

(67,483

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

86,622

183,595

CREDITORS

Amounts falling due after more than one
year

4

(30,646

)

(136,731

)

PROVISIONS FOR LIABILITIES

(20,000

)

(20,696

)

NET ASSETS

35,976

26,168

CAPITAL AND RESERVES

Called up share capital

5

100

Revaluation reserve

19,159

Profit and loss account

16,717

6,909

SHAREHOLDERS' FUNDS

35,976

26,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 11th July 2016 and were signed by:

Mr P J Dolphin - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents commission received, excluding value added tax.

Development costs

No amortisation is provided on development costs.

Tangible fixed assets

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

Freehold property

-

not provided

Improvements to property

-

10% on cost

Fixtures and fittings

-

at variable rates on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

40,819

NET BOOK VALUE

At 31st March 2016

40,819

At 31st March 2015

40,819

3.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st April 2015

and 31st March 2016

224,476

DEPRECIATION

At 1st April 2015

14,217

Charge for year

1,685

At 31st March 2016

15,902

NET BOOK VALUE

At 31st March 2016

208,574

At 31st March 2015

210,259

4.

CREDITORS

Creditors include an amount of £ 116,424 (2015 - £ 120,294 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

-

69,327

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

-

50

Ordinary A

£1

50

Ordinary B

£1

50

100

On 1 March 2015, the 100 ordinary £1 shares in issue were re-categorised as 50 ordinary A shares and 50

ordinary B shares.