FIRST_FINANCIAL_ADVISERS_ - Accounts

FIRST FINANCIAL ADVISERS LIMITED - Company Information

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Company Registration No. 03340236 (England and Wales)

FIRST FINANCIAL ADVISERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

FIRST FINANCIAL ADVISERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

FIRST FINANCIAL ADVISERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

Current assets

Debtors

60,976

56,222

Cash at bank and in hand

181,841

63,817

242,817

120,039

Creditors: amounts falling due within one year

(165,734)

(75,908)

Net current assets

77,083

44,131

Total assets less current liabilities

77,095

44,169

Creditors: amounts falling due after more than one year

(14,700)

62,395

29,469

Capital and reserves

Called up share capital

Profit and loss account

62,296

29,370

Shareholders' funds

62,395

29,469

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 October 2014

A L Davies

Director

Company Registration No. 03340236

FIRST FINANCIAL ADVISERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents commission receivable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% straight line

Fixtures, fittings & equipment

15% straight line

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Fixed assets

Tangible assets

Cost

At 1 April 2013 & at 31 March 2014

20,454

Depreciation

At 1 April 2013

20,416

Charge for the year

At 31 March 2014

20,442

Net book value

At 31 March 2014

At 31 March 2013

Share capital

2014

2013

Allotted, called up and fully paid

99 Ordinary shares of £1 each