Tailored Wealth Financial Planning Limit - Abbreviated accounts 16.1

REGISTERED NUMBER: 04933569 (England and Wales)

TAILORED WEALTH FINANCIAL PLANNING

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M D Tipper

Mr A Codner

REGISTERED OFFICE:

Unit 6 Helmores Yard

Exeter Street

Teignmouth

Devon

TQ14 8JW

REGISTERED NUMBER:

04933569 (England and Wales)

ACCOUNTANTS:

Mark Holt & Co Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

CURRENT ASSETS

Debtors

153,877

146,863

CREDITORS

Amounts falling due within one year

100,350

96,077

NET CURRENT ASSETS

53,527

50,786

TOTAL ASSETS LESS CURRENT LIABILITIES

53,527

50,786

CAPITAL AND RESERVES

Called up share capital

4

Profit and loss account

53,523

50,782

SHAREHOLDERS' FUNDS

53,527

50,786

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 30 September 2016 and were signed on its behalf by:

Mr A Codner - 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).

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

15,500

AMORTISATION

At 1 January 2015

and 31 December 2015

15,500

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

6,474

DEPRECIATION

At 1 January 2015

and 31 December 2015

6,474

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

2

Ordinary

£1

2

1

Ordinary A

£1

1

Ordinary B

£1

1

4

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2015 and

31 December 2014:

2015

2014

£

Mr M D Tipper

Balance outstanding at start of year

45,515

43,999

Amounts advanced

1,820

1,516

Amounts repaid

-

Balance outstanding at end of year

47,335

45,515

Mr A Codner

Balance outstanding at start of year

94,770

91,614

Amounts advanced

3,791

3,156

Amounts repaid

-

Balance outstanding at end of year

98,561

94,770