Acumen Financial Partnership Limited - Limited company - abbreviated - 11.0.0

Acumen Financial Partnership Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 05706682 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

Acumen Financial Partnership Limited

Acumen Financial Partnership Limited (Registered number: 05706682)






Contents of the Abbreviated Accounts
for the Year Ended 28 February 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Acumen Financial Partnership Limited

Company Information
for the Year Ended 28 February 2014







DIRECTORS: A E Maher
J Landy





SECRETARY: S P Frampton





REGISTERED OFFICE: 185 Liverpool Road South
Maghull
Merseyside
L31 8AA





REGISTERED NUMBER: 05706682 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
45 Kensington Road
Southport
Merseyside
PR9 0RT

Acumen Financial Partnership Limited (Registered number: 05706682)

Abbreviated Balance Sheet
28 February 2014

28.2.14 28.2.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 17,083 36,265

CURRENT ASSETS
Debtors 26,454 13,835
Cash at bank and in hand 130,201 104,892
156,655 118,727
CREDITORS
Amounts falling due within one year 52,166 38,610
NET CURRENT ASSETS 104,489 80,117
TOTAL ASSETS LESS CURRENT LIABILITIES 121,572 116,382

CREDITORS
Amounts falling due after more than one year (3,235 ) (7,436 )

PROVISIONS FOR LIABILITIES (2,472 ) (6,101 )
NET ASSETS 115,865 102,845

CAPITAL AND RESERVES
Called up share capital 3 1,001 1,000
Profit and loss account 114,864 101,845
SHAREHOLDERS' FUNDS 115,865 102,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 20 October 2014 and were signed on its behalf by:




A E Maher - Director



J Landy - Director


Acumen Financial Partnership Limited (Registered number: 05706682)

Notes to the Abbreviated Accounts
for the Year Ended 28 February 2014

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.

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

Plant and machinery etc - 50% on cost, 25% on reducing balance and 25% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to
the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013
and 28 February 2014 79,165
DEPRECIATION
At 1 March 2013 42,900
Charge for year 19,182
At 28 February 2014 62,082
NET BOOK VALUE
At 28 February 2014 17,083
At 28 February 2013 36,265

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.14 28.2.13
value: £    £   
1,000 'A' Ordinary £1 1,000 1,000
1 'B' Ordinary £1 1 -
1,001 1,000

The following shares were issued during the year for cash at par :

1 'B' Ordinary share of £1