GWM Financial Planning Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04479650 (England and Wales)

GWM FINANCIAL PLANNING LIMITED

PREVIOUSLY KNOWN AS

GWM INTERNATIONAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr David Robert Howell

Mrs Rachel Howell

Mr John Edward Hasberry

Mrs Clare Louise Bruce

SECRETARY:

Mrs Rachel Howell

REGISTERED OFFICE:

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REGISTERED NUMBER:

04479650 (England and Wales)

FIXED ASSETS

Tangible assets

2

4,905

3,075

CURRENT ASSETS

Debtors

664,345

332,434

Cash at bank

50,678

195,635

715,023

528,069

CREDITORS

Amounts falling due within one year

606,869

519,017

NET CURRENT ASSETS

108,154

9,052

TOTAL ASSETS LESS CURRENT
LIABILITIES

113,059

12,127

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

112,959

12,027

SHAREHOLDERS' FUNDS

113,059

12,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 April 2016 and were signed on its behalf by:

Mr David Robert Howell - 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.

Improvements to property

-

15% on cost

Fixtures and fittings

-

15% on cost

Deferred tax

The charge for taxation deferred is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

42,425

Additions

4,735

At 31 December 2015

47,160

DEPRECIATION

At 1 January 2015

39,350

Charge for year

2,905

At 31 December 2015

42,255

NET BOOK VALUE

At 31 December 2015

4,905

At 31 December 2014

3,075

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100