Acumen Financial Partnership Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05706682 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 29 February 2016

for

Acumen Financial Partnership Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A E Frampton

J Landy

SECRETARY:

S P Frampton

REGISTERED OFFICE:

45 Kensington Road

Southport

Merseyside

PR9 0RT

REGISTERED NUMBER:

05706682 (England and Wales)

ACCOUNTANTS:

Kirkwood Wilson Limited

45 Kensington Road

Southport

Merseyside

PR9 0RT

FIXED ASSETS

Tangible assets

2

15,580

-

CURRENT ASSETS

Debtors

49,730

56,727

Cash at bank and in hand

84,093

103,013

133,823

159,740

CREDITORS

Amounts falling due within one year

52,209

56,810

NET CURRENT ASSETS

81,614

102,930

TOTAL ASSETS LESS CURRENT LIABILITIES

97,194

102,930

CREDITORS

Amounts falling due after more than one year

14,993

-

NET ASSETS

82,201

102,930

CAPITAL AND RESERVES

Called up share capital

3

1,001

Profit and loss account

81,200

101,929

SHAREHOLDERS' FUNDS

82,201

102,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 19 September 2016 and were signed on its behalf by:

A E Frampton - Director

J Landy - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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, 25% on reducing balance and 25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

63,030

Additions

20,755

At 29 February 2016

83,785

DEPRECIATION

At 1 March 2015

63,030

Charge for year

5,175

At 29 February 2016

68,205

NET BOOK VALUE

At 29 February 2016

15,580

At 28 February 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

1,000

'A' Ordinary

£1

1,000

1

'B' Ordinary

£1

1

1,001