P.F.P.S. Wealth Management Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04444535 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2013

for

P.F.P.S. Wealth Management Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr N J Graham

Mr R A Kaye

SECRETARY:

Mr R A Kaye

REGISTERED OFFICE:

4 Well House Barns

Bretton

Chester

CH4 0DH

REGISTERED NUMBER:

04444535 (England and Wales)

ACCOUNTANTS:

Verinder & Associates

Chartered Certified Accountants

and Chartered Accountants

1-3 Crosby Road South

Waterloo

Liverpool

Merseyside

L22 1RG

FIXED ASSETS

Intangible assets

2

106,199

67,564

Tangible assets

3

134,154

143,083

240,353

210,647

CURRENT ASSETS

Debtors

238,031

128,196

Cash at bank

182,029

82,616

420,060

210,812

CREDITORS

Amounts falling due within one year

291,355

186,275

NET CURRENT ASSETS

128,705

24,537

TOTAL ASSETS LESS CURRENT
LIABILITIES

369,058

235,184

CREDITORS

Amounts falling due after more than one year

(367,075

)

(224,444

)

PROVISIONS FOR LIABILITIES

(1,011

)

(1,011

)

NET ASSETS

972

9,729

CAPITAL AND RESERVES

Called up share capital

4

135

Profit and loss account

837

9,594

SHAREHOLDERS' FUNDS

972

9,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 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 30 September 2014 and were signed on its behalf by:

Mr R A Kaye - Director

Mr N J Graham - 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 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period

of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

160,461

Additions

105,000

At 31 December 2013

265,461

AMORTISATION

At 1 January 2013

92,897

Amortisation for year

66,365

At 31 December 2013

159,262

NET BOOK VALUE

At 31 December 2013

106,199

At 31 December 2012

67,564

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

162,143

Additions

1,298

At 31 December 2013

163,441

DEPRECIATION

At 1 January 2013

19,060

Charge for year

10,227

At 31 December 2013

29,287

NET BOOK VALUE

At 31 December 2013

134,154

At 31 December 2012

143,083

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

120

Share capital 1

£1

120

4

Share capital 2

£1

4

2

Share capital 3

£1

2

4

Share capital 4

£1

4

2

Share capital 5

£1

2

1

Share capital 6

£1

1

Share capital 7

£1

1

Share capital 8

£1

1

135

P.F.P.S. Wealth Management Ltd - Limited company - abbreviated - 11.0.0

P.F.P.S. Wealth Management Ltd - Limited company - abbreviated - 11.0.0