Bluecoat Wealth Management Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06828686 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Bluecoat Wealth Management Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R N Clarke

SECRETARY:

Mrs W S Clarke

REGISTERED OFFICE:

The Barn

Brighton Road

Lower Beeding

West Sussex

RH13 6PT

REGISTERED NUMBER:

06828686 (England and Wales)

ACCOUNTANTS:

Indigo Tax and Accountancy Limited

The Barn

Brighton Road

Lower Beeding

Horsham

West Sussex

RH13 6PT

FIXED ASSETS

Intangible assets

2

90,000

120,000

Tangible assets

3

1,253

1,879

91,253

121,879

CURRENT ASSETS

Prepayments and accrued income

1,120

1,647

Cash in hand

2,539

867

3,659

2,514

CREDITORS

Amounts falling due within one year

69,893

83,208

NET CURRENT LIABILITIES

(66,234

)

(80,694

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,019

41,185

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

25,018

41,184

SHAREHOLDERS' FUNDS

25,019

41,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 September 2016 and were signed by:

R N Clarke - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten 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

-

Straight line over 4 years

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 May 2015

and 30 April 2016

300,000

AMORTISATION

At 1 May 2015

180,000

Amortisation for year

30,000

At 30 April 2016

210,000

NET BOOK VALUE

At 30 April 2016

90,000

At 30 April 2015

120,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

19,102

DEPRECIATION

At 1 May 2015

17,223

Charge for year

626

At 30 April 2016

17,849

NET BOOK VALUE

At 30 April 2016

1,253

At 30 April 2015

1,879

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1