Pareto Financial Planning Limited - Abbreviated accounts 16.1

Pareto Financial Planning Limited - Abbreviated accounts 16.1

PARETO FINANCIAL PLANNING LIMITED - Company Information

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REGISTERED NUMBER: 06582775 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Pareto Financial Planning Limited

Pareto Financial Planning Limited (Registered number: 06582775)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Pareto Financial Planning Limited

Company Information
for the Year Ended 31 March 2016







DIRECTORS: J M Stevenson
G M Chantry





REGISTERED OFFICE: 8 St John Street
Manchester
M3 4DU





REGISTERED NUMBER: 06582775 (England and Wales)





Page 1
Pareto Financial Planning Limited (Registered number: 06582775)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 56,371 74,590
56,371 74,590

CURRENT ASSETS
Debtors 822,462 380,324
Cash at bank 297,515 226,760
1,119,977 607,084
CREDITORS
Amounts falling due within one year 731,700 551,706
NET CURRENT ASSETS 388,277 55,378
TOTAL ASSETS LESS CURRENT
LIABILITIES
444,648
129,968

PROVISIONS FOR LIABILITIES 7,670 12,382
NET ASSETS 436,978 117,586

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 436,878 117,486
SHAREHOLDERS' FUNDS 436,978 117,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
Pareto Financial Planning Limited (Registered number: 06582775)

Abbreviated Balance Sheet - continued
31 March 2016


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 20 December 2016 and were signed on its behalf
by:





J M Stevenson - Director


The notes form part of these abbreviated accounts

Page 3
Pareto Financial Planning Limited (Registered number: 06582775)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 is derived from commissions received and fees generated. Income is taken to the profit and loss
account on the following basis: Initial commission as and when the policy is in force. Renewal and fund based
commission is credited on a receipts basis and fee income as and when a sales invoice is generated.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of Pareto Financial Planning LLP, a LLP
controlled by J Stevenson and G Chantry, in 2010 is being amortised evenly over its estimated useful life of 5
years.

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

Leasehold improvements - at varying rates on cost
Furniture and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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 April 2015
and 31 March 2016 1,200,000
AMORTISATION
At 1 April 2015
and 31 March 2016 1,200,000
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

Page 4 continued...
Pareto Financial Planning Limited (Registered number: 06582775)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 173,058
Additions 14,425
At 31 March 2016 187,483
DEPRECIATION
At 1 April 2015 98,468
Charge for year 32,644
At 31 March 2016 131,112
NET BOOK VALUE
At 31 March 2016 56,371
At 31 March 2015 74,590

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
100 Ordinary £1 100 100

Page 5