Bright Financial Planning Ltd Company Accounts
Bright Financial Planning Ltd Company Accounts
COMPANY REGISTRATION NUMBER:
05939092
|
|
|
Chartered Accountants
22 Friars Street
Sudbury
Suffolk
CO10 2AA
|
Financial Statements |
Year ended 31 December 2016
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
|
Statement of Financial Position |
2016 |
2015 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
7 |
|
|
|
Current assets
Stocks |
8 |
|
|
|
Cash at bank and in hand |
|
|
||
-------- |
-------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
9 |
|
|
|
-------- |
-------- |
|||
Net current assets |
|
|
||
------- |
------- |
|||
Total assets less current liabilities |
|
|
||
Provisions
Taxation including deferred tax |
|
|
|
------- |
------- |
||
Net assets |
|
|
|
------- |
------- |
||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
------- |
------- |
||
Members funds |
|
|
|
------- |
------- |
||
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
22 May 2017
, and are signed on behalf of the board by:
L Parker
M Hatton
Director
Director
Company registration number:
05939092
|
Notes to the Financial Statements |
Year ended 31 December 2016
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 58 Station Road, Sudbury, Suffolk, CO10 2SP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Franchise Cost |
- |
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings |
- |
|
|
Impairment of fixed assets
Stocks
Provisions
Defined contribution plans
4.
Particulars of employees
The average number of persons employed by the company during the year, including the directors, amounted to 4 (2015: 4).
5.
Profit before taxation
Profit before taxation is stated after charging:
2016 |
2015 |
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
Impairment of tangible assets |
|
– |
------- |
------- |
|
6.
Intangible assets
Franchise costs |
|
£ |
|
Cost |
|
At 1 Jan 2016 and 31 Dec 2016 |
|
-------- |
|
Amortisation |
|
At 1 Jan 2016 and 31 Dec 2016 |
|
-------- |
|
Carrying amount |
|
At 31 December 2016 |
– |
-------- |
|
7.
Tangible assets
Fixtures and fittings |
|
£ |
|
Cost |
|
At 1 January 2016 |
|
Additions |
|
-------- |
|
At 31 December 2016 |
|
-------- |
|
Depreciation |
|
At 1 January 2016 |
|
Charge for the year |
|
-------- |
|
At 31 December 2016 |
|
-------- |
|
Carrying amount |
|
At 31 December 2016 |
|
-------- |
|
At 31 December 2015 |
|
-------- |
|
8.
Stocks
2016 |
2015 |
|
£ |
£ |
|
Work in progress |
|
|
------- |
------- |
|
9.
Creditors:
amounts falling due within one year
2016 |
2015 |
|
£ |
£ |
|
Trade creditors |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
10.
Directors' advances, credits and guarantees
Included in other creditors is an amount of £195 (2015: £1,729) owed to M Hatton on his directors loan account. There is also an amount of £194 (2015: £1,729 owed to L Parker on his directors loan account . No interest is charged on either of these figures.
11.
Related party transactions
The company is controlled by the directors, each of whom own 50% of the company's allotted and fully paid share capital.
Other operating income includes management fees of £16,400 from associated companies
.