Abbreviated Company Accounts - ADVENT SOLUTIONS MANAGEMENT LIMITED

Abbreviated Company Accounts - ADVENT SOLUTIONS MANAGEMENT LIMITED

ADVENT SOLUTIONS MANAGEMENT LIMITED - Company Information

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Registered Number 04092670

ADVENT SOLUTIONS MANAGEMENT LIMITED

Abbreviated Accounts

31 December 2013

ADVENT SOLUTIONS MANAGEMENT LIMITED Registered Number 04092670

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 412,324 391,633
Tangible assets 3 - -
412,324 391,633
Current assets
Stocks 2,000 2,000
Debtors 832,006 840,272
Cash at bank and in hand 389,658 480,217
1,223,664 1,322,489
Creditors: amounts falling due within one year (403,988) (573,896)
Net current assets (liabilities) 819,676 748,593
Total assets less current liabilities 1,232,000 1,140,226
Creditors: amounts falling due after more than one year (760,388) (644,401)
Provisions for liabilities - (2,000)
Total net assets (liabilities) 471,612 493,825
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account 371,612 393,825
Shareholders' funds 471,612 493,825
  • For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2014

And signed on their behalf by:
Mr D S Hill, Director

ADVENT SOLUTIONS MANAGEMENT LIMITED Registered Number 04092670

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the total amount of brokerage and commission receivable by the company for services provided. Credit is taken for brokerage and commission, based upon written premium income, and is recognised upon receipt of policy information from producing brokers and termediaries. Where credits arise that are unidentifiable, the company's policy is to include these amounts within IBA creditors until such time as their nature can be established.

Tangible assets depreciation policy
Fixtures, fittings & equipment 33% on cost

2Intangible fixed assets
£
Cost
At 1 January 2013 450,445
Additions 47,835
Disposals -
Revaluations -
Transfers -
At 31 December 2013 498,280
Amortisation
At 1 January 2013 58,812
Charge for the year 27,144
On disposals -
At 31 December 2013 85,956
Net book values
At 31 December 2013 412,324
At 31 December 2012 391,633
3Tangible fixed assets
£
Cost
At 1 January 2013 108,605
Additions -
Disposals (108,605)
Revaluations -
Transfers -
At 31 December 2013 0
Depreciation
At 1 January 2013 108,605
Charge for the year -
On disposals (108,605)
At 31 December 2013 0
Net book values
At 31 December 2013 0
At 31 December 2012 0