GWM Financial Planning Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04479650 (England and Wales)

GWM FINANCIAL PLANNING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs Rachel Jeanne Howell

SECRETARY:

Mrs Rachel Jeanne Howell

REGISTERED OFFICE:

Sidings House

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

REGISTERED NUMBER:

04479650 (England and Wales)

FIXED ASSETS

Tangible assets

4

10,819

4,905

CURRENT ASSETS

Debtors

66,463

664,345

Cash at bank and in hand

760,891

50,678

827,354

715,023

CREDITORS

Amounts falling due within one year

704,752

606,869

NET CURRENT ASSETS

122,602

108,154

TOTAL ASSETS LESS CURRENT LIABILITIES

133,421

113,059

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

133,321

112,959

SHAREHOLDERS' FUNDS

133,421

113,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 24 April 2017 and were signed by:

Mrs Rachel Jeanne Howell - Director

1.	STATUTORY INFORMATION

GWM Financial Planning Limited is a private company, limited by shares , registered in England and Wales. 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.

Improvements to property

-

15% on cost

Fixtures and fittings

-

15% on cost

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 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of

transaction. Exchange differences are taken into account in arriving at the operating result.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

47,160

Additions

8,342

At 31 December 2016

55,502

DEPRECIATION

At 1 January 2016

42,255

Charge for year

2,428

At 31 December 2016

44,683

NET BOOK VALUE

At 31 December 2016

10,819

At 31 December 2015

4,905

5.	RELATED PARTY DISCLOSURES

During the course of the year, sales totalling £1,380,247 were made to companies that the directors and

shareholders are also associated with. Included within creditors at the year end is an amount of £572,006 which is

due to these related companies.

6.	FIRST YEAR ADOPTION

There were no adjustments required to the financial statements in respect of the first year adoption of Financial

Reporting Standard 102 applicable to small entities.