Abbreviated Company Accounts - MOMENTUM PARTNERS FINANCIAL SERVICES LIMITED

CAMBRIDGE FINANCIAL SERVICES LTD - Company Information

07510905 MOMENTUM PARTNERS FINANCIAL SERVICES LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07510905 2013-04-01 2014-03-31 07510905 2014-03-31 07510905 2013-03-31 07510905 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07510905 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07510905

MOMENTUM PARTNERS FINANCIAL SERVICES LIMITED

Abbreviated Accounts

31 March 2014

MOMENTUM PARTNERS FINANCIAL SERVICES LIMITED Registered Number 07510905

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	18,750	22,500
		18,750	22,500
Current assets
Debtors		26,720	13,925
Cash at bank and in hand		35	90
		26,755	14,015
Creditors: amounts falling due within one year		(3,323)	(21,506)
Net current assets (liabilities)		23,432	(7,491)
Total assets less current liabilities		42,182	15,009
Creditors: amounts falling due after more than one year		(36,428)	(13,528)
Total net assets (liabilities)		5,754	1,481
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		5,744	1,471
Shareholders' funds		5,754	1,481

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 September 2014

And signed on their behalf by:
Ms F E J Karlin, Director

MOMENTUM PARTNERS FINANCIAL SERVICES LIMITED Registered Number 07510905

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is derived from the principal activity of financial services.

Turnover represents sales of services rendered.

In line with Financial Reporting Standard 5, Reporting the Substance of Transactions, Application Note G, Revenue Recognition income has been recognised when the company obtains the right to consideration in exchange for its performance.

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of six years.

2Intangible fixed assets

	£
Cost
At 1 April 2013	30,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	30,000
Amortisation
At 1 April 2013	7,500
Charge for the year	3,750
On disposals	-
At 31 March 2014	11,250
Net book values
At 31 March 2014	18,750
At 31 March 2013	22,500

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £0.01 each	10	10