Bradley Wealth Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06424324 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Bradley Wealth Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J J Noblett

SECRETARY:

Mrs D M Noblett

REGISTERED OFFICE:

60 Bradley Lane

Eccleston

Chorley

Lancashire

PR7 5RJ

REGISTERED NUMBER:

06424324 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Intangible assets

2

129,951

141,090

Tangible assets

3

331,183

1,729

Investments

4

-

2,877

461,134

145,696

CURRENT ASSETS

Debtors

48,683

69,220

Cash at bank

21,967

115,787

70,650

185,007

CREDITORS

Amounts falling due within one year

5

21,079

20,718

NET CURRENT ASSETS

49,571

164,289

TOTAL ASSETS LESS CURRENT
LIABILITIES

510,705

309,985

CREDITORS

Amounts falling due after more than one
year

5

(236,191

)

-

PROVISIONS FOR LIABILITIES

(151

)

(346

)

NET ASSETS

274,363

309,639

CAPITAL AND RESERVES

Called up share capital

6

100

Profit and loss account

274,263

309,539

SHAREHOLDERS' FUNDS

274,363

309,639

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 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 21 December 2016 and were signed by:

J J Noblett - 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 commissions received.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

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

222,776

AMORTISATION

At 1 April 2015

81,686

Amortisation for year

11,139

At 31 March 2016

92,825

NET BOOK VALUE

At 31 March 2016

129,951

At 31 March 2015

141,090

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

6,160

Additions

330,426

At 31 March 2016

336,586

DEPRECIATION

At 1 April 2015

4,431

Charge for year

972

At 31 March 2016

5,403

NET BOOK VALUE

At 31 March 2016

331,183

At 31 March 2015

1,729

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

20,000

Disposals

(20,000

)

At 31 March 2016

-

PROVISIONS

At 1 April 2015

17,123

Eliminated on disposal

(17,123

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

2,877

5.

CREDITORS

Creditors include an amount of £ 236,191 for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Share capital 1

£1

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

J J Noblett

Balance outstanding at start of year

50,000

-

Amounts advanced

34,999

50,000

Amounts repaid

(50,000

)

-

Balance outstanding at end of year

34,999

50,000

The overdrawn directors loan account was repaid on 21 April 2016.