Bluecoat Wealth Management Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06828686 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

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

150,000

180,000

Tangible assets

3

51

2,910

150,051

182,910

CURRENT ASSETS

Debtors

-

15

Prepayments and accrued income

310

294

Cash in hand

3,444

1,061

3,754

1,370

CREDITORS

Amounts falling due within one year

117,934

160,819

NET CURRENT LIABILITIES

(114,180

)

(159,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

35,871

23,461

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

35,870

23,460

SHAREHOLDERS' FUNDS

35,871

23,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 13 October 2014 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 April 2008).

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

300,000

AMORTISATION

At 1 May 2013

120,000

Amortisation for year

30,000

At 30 April 2014

150,000

NET BOOK VALUE

At 30 April 2014

150,000

At 30 April 2013

180,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

15,694

Additions

903

At 30 April 2014

16,597

DEPRECIATION

At 1 May 2013

12,784

Charge for year

3,762

At 30 April 2014

16,546

NET BOOK VALUE

At 30 April 2014

51

At 30 April 2013

2,910

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

5.	RELATED PARTY DISCLOSURES

At 30.4.2014 Mr Clarke was owed £96,882 by the company.