Foresight Independent Financial Planning - Abbreviated accounts 16.3

REGISTERED NUMBER: 05897811 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Foresight Independent Financial Planning

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S W Booth

REGISTERED OFFICE:

161 Ashley Road

Hale

Cheshire

WA15 9SD

REGISTERED NUMBER:

05897811 (England and Wales)

ACCOUNTANTS:

Ascendis

Chartered Certified Accountants & Business Advisor

Second Floor

683-693 Wilmslow Road

Didsbury

Manchester

Lancashire

M20 6RE

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

4,403

1,157

4,403

1,157

CURRENT ASSETS

Debtors

77,716

54,921

Cash at bank and in hand

29,081

21,094

106,797

76,015

CREDITORS

Amounts falling due within one year

82,076

62,753

NET CURRENT ASSETS

24,721

13,262

TOTAL ASSETS LESS CURRENT LIABILITIES

29,124

14,419

CREDITORS

Amounts falling due after more than one year

342

3,909

NET ASSETS

28,782

10,510

CAPITAL AND RESERVES

Called up share capital

4

200

200

Profit and loss account

28,582

10,310

SHAREHOLDERS' FUNDS

28,782

10,510

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 16 November 2016 and were signed by:

S W Booth - 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 services, 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.

Computer & office equipment

-

20% on cost

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

150,000

AMORTISATION

At 1 May 2015

and 30 April 2016

150,000

NET BOOK VALUE

At 30 April 2016

-

At 30 April 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

32,807

Additions

4,555

At 30 April 2016

37,362

DEPRECIATION

At 1 May 2015

31,650

Charge for year

1,309

At 30 April 2016

32,959

NET BOOK VALUE

At 30 April 2016

4,403

At 30 April 2015

1,157

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

£

100

Ordinary A

£1

100

100

60

Ordinary B

£1

60

60

40

Ordinary C

£1

40

40

200

200