Greshams Independent Financial Advisors - Abbreviated accounts 16.1

REGISTERED NUMBER: 07054426 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2015

for

Greshams Independent Financial Advisors

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr L J P O'Malley

Mr A Cosford

SECRETARY:

Mr L J P O'Malley

REGISTERED OFFICE:

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

REGISTERED NUMBER:

07054426 (England and Wales)

FIXED ASSETS

Intangible assets

2

10,000

Tangible assets

3

3,000

3,426

Investments

4

1

13,001

13,427

CURRENT ASSETS

Debtors

20,541

10,119

Cash in hand

52,971

63,691

73,512

73,810

CREDITORS

Amounts falling due within one year

24,180

23,712

NET CURRENT ASSETS

49,332

50,098

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,333

63,525

CAPITAL AND RESERVES

Called up share capital

5

20,003

Profit and loss account

42,330

43,522

SHAREHOLDERS' FUNDS

62,333

63,525

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 27 July 2016 and were signed on its
behalf by:

Mr L J P O'Malley - Director

Mr A Cosford - 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 January 2015).

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill

Purchased goodwill is amortised over it's useful life to a maximum of 20 years

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost

Deferred tax

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

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

28,750

Additions

7,500

At 31 October 2015

36,250

AMORTISATION

At 1 November 2014

18,750

Amortisation for year

7,500

At 31 October 2015

26,250

NET BOOK VALUE

At 31 October 2015

10,000

At 31 October 2014

10,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

7,477

Additions

2,232

At 31 October 2015

9,709

DEPRECIATION

At 1 November 2014

4,051

Charge for year

2,658

At 31 October 2015

6,709

NET BOOK VALUE

At 31 October 2015

3,000

At 31 October 2014

3,426

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2014

and 31 October 2015

1

NET BOOK VALUE

At 31 October 2015

1

At 31 October 2014

1

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Greshams Workplace Pensions Limited

Country of incorporation: England and Wales

Nature of business: Workplace Pensions

%

Class of shares:

holding

Ordinary

100.00

31.12.15

31.12.14

£

Aggregate capital and reserves

1,238

4,638

(Loss)/profit for the year

(3,400

)

4,637

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value

£

20,000

Ordinary

£1.00

20,000

1

Ordinary 'A'

£1.00

1

Ordinary 'B'

£1.00

1

Ordinary 'C'

£1.00

1

20,003