Abbreviated Company Accounts - CFP WEALTH MANAGEMENT LTD

COTTONS FINANCIAL PLANNING LIMITED - Company Information

09061188 CFP WEALTH MANAGEMENT LTD 2016-05-31 false 2015-06-01 2016-05-31 true 09061188 2015-06-01 2016-05-31 09061188 2016-05-31 09061188 2015-05-31 09061188 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 09061188 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 09061188

CFP WEALTH MANAGEMENT LTD

Abbreviated Accounts

31 May 2016

CFP WEALTH MANAGEMENT LTD Registered Number 09061188

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Current assets
Debtors		100	-
Cash at bank and in hand		495	7,271
		595	7,271
Creditors: amounts falling due within one year		(47,771)	(9,900)
Net current assets (liabilities)		(47,176)	(2,629)
Total assets less current liabilities		(47,176)	(2,629)
Total net assets (liabilities)		(47,176)	(2,629)
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		(47,276)	(2,729)
Shareholders' funds		(47,176)	(2,629)

For the year ending 31 May 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 24 February 2017

And signed on their behalf by:
Mr J Albinson, Director

CFP WEALTH MANAGEMENT LTD Registered Number 09061188

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged against profits on a straight line basis over the
period of the lease.
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are
equivalent to a similar debt instrument, those financial instruments are classed as financial
liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and
gains or losses relating to financial liabilities are included in the profit and loss account. Finance
costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions relating
to equity instruments are debited direct to equity.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100