Abbreviated Company Accounts - THE FINANCIAL SERVICES FORUM LIMITED

Abbreviated Company Accounts - THE FINANCIAL SERVICES FORUM LIMITED

THE FINANCIAL SERVICES FORUM LIMITED - Company Information

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Registered Number 03459523

THE FINANCIAL SERVICES FORUM LIMITED

Abbreviated Accounts

30 April 2016

THE FINANCIAL SERVICES FORUM LIMITED Registered Number 03459523

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,459 3,490
1,459 3,490
Current assets
Debtors 205,440 278,112
Cash at bank and in hand 25,247 67,316
230,687 345,428
Creditors: amounts falling due within one year (307,047) (405,588)
Net current assets (liabilities) (76,360) (60,160)
Total assets less current liabilities (74,901) (56,670)
Total net assets (liabilities) (74,901) (56,670)
Capital and reserves
Called up share capital 100,000 100,000
Profit and loss account (174,901) (156,670)
Shareholders' funds (74,901) (56,670)
  • For the year ending 30 April 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 31 January 2017

And signed on their behalf by:
A W Thomson, Director

THE FINANCIAL SERVICES FORUM LIMITED Registered Number 03459523

Notes to the Abbreviated Accounts for the period ended 30 April 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 January 2015.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Income from annual memberships and subscriptions is released to the profit and loss account on an incremental basis to match the period of the respective membership or subscription. Accordingly such items invoiced in advance are held as deferred income in the balance sheet. Conference fees and sponsorship funds for events in the future are similarly deferred until the event has occurred.

Tangible assets depreciation policy
Depreciation is provided at 25% on cost in order to write off each asset over its estimated useful economic life.

2Tangible fixed assets
£
Cost
At 1 May 2015 126,853
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 126,853
Depreciation
At 1 May 2015 123,363
Charge for the year 2,031
On disposals -
At 30 April 2016 125,394
Net book values
At 30 April 2016 1,459
At 30 April 2015 3,490