Fidelis Financial Planning Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: SC397983 (Scotland)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Fidelis Financial Planning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Wight

Mrs L Wight

REGISTERED OFFICE:

17E East King Street

Helensburgh

G84 7QQ

REGISTERED NUMBER:

SC397983 (Scotland)

ACCOUNTANTS:

Macleod Fulton

17E East King Street

Helensburgh

Argyll

G84 7QQ

FIXED ASSETS

Tangible assets

4

318

475

CURRENT ASSETS

Debtors

5

-

3,969

Cash at bank

47,182

42,606

47,182

46,575

CREDITORS

Amounts falling due within one year

6

21,349

19,827

NET CURRENT ASSETS

25,833

26,748

TOTAL ASSETS LESS CURRENT LIABILITIES

26,151

27,223

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

26,149

27,221

SHAREHOLDERS' FUNDS

26,151

27,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 June 2017 and were signed on its behalf by:

B Wight - Director

1.	STATUTORY INFORMATION

Fidelis Financial Planning Limited is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

and 30 April 2017

2,359

DEPRECIATION

At 1 May 2016

1,884

Charge for year

157

At 30 April 2017

2,041

NET BOOK VALUE

At 30 April 2017

318

At 30 April 2016

475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Other debtors

-

3,969

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Taxation and social security

6,747

6,235

Other creditors

14,602

13,592

21,349

19,827

7.	CONTINGENT LIABILITIES

As at 30 April 2017, the company has no contingent liabilities. (2016 - nil)

8.	CAPITAL COMMITMENTS

As at 30 April 2017, the company had no capital commitments. (2016 - nil)

9.	RELATED PARTY DISCLOSURES