Abbreviated Company Accounts - STONEWATER WEALTH MANAGEMENT LIMITED

Abbreviated Company Accounts - STONEWATER WEALTH MANAGEMENT LIMITED

STONEWATER WEALTH MANAGEMENT LIMITED - Company Information

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Registered Number 06746078

STONEWATER WEALTH MANAGEMENT LIMITED

Abbreviated Accounts

31 March 2016

STONEWATER WEALTH MANAGEMENT LIMITED Registered Number 06746078

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,291 2,359
1,291 2,359
Current assets
Debtors 3,135 13,842
Cash at bank and in hand 86,904 88,522
90,039 102,364
Creditors: amounts falling due within one year (54,691) (67,590)
Net current assets (liabilities) 35,348 34,774
Total assets less current liabilities 36,639 37,133
Total net assets (liabilities) 36,639 37,133
Capital and reserves
Called up share capital 60 60
Profit and loss account 36,579 37,073
Shareholders' funds 36,639 37,133
  • For the year ending 31 March 2016 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 26 August 2016

And signed on their behalf by:
G W Catterall, Director

STONEWATER WEALTH MANAGEMENT LIMITED Registered Number 06746078

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 represents amounts chargeable, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Fixture & Fittings 25% residual value
Office Equipment 33% straight line

2Tangible fixed assets
£
Cost
At 1 April 2015 187,726
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 187,726
Depreciation
At 1 April 2015 185,367
Charge for the year 1,068
On disposals -
At 31 March 2016 186,435
Net book values
At 31 March 2016 1,291
At 31 March 2015 2,359