JWA Financial Planning Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 10093080 (England and Wales)

Unaudited Financial Statements

for the Period 31 March 2016 to 31 March 2017

for

JWA Financial Planning Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K H Allan

J Allan

REGISTERED OFFICE:

The Business Centre

Cardiff House

Cardiff Road

Barry

CF63 2AW

REGISTERED NUMBER:

10093080 (England and Wales)

ACCOUNTANTS:

JK Accountancy

The Business Centre

Cardiff Road

Barry

CF63 2AW

FIXED ASSETS

Intangible assets

4

38,700

Tangible assets

5

8,676

47,376

CURRENT ASSETS

Debtors

6

33,917

Cash at bank

144,747

178,664

CREDITORS

Amounts falling due within one year

7

55,494

NET CURRENT ASSETS

123,170

TOTAL ASSETS LESS CURRENT LIABILITIES

170,546

CREDITORS

Amounts falling due after more than one year

8

107,121

NET ASSETS

63,425

CAPITAL AND RESERVES

Called up share capital

9

4

Retained earnings

63,421

SHAREHOLDERS' FUNDS

63,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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 14 December 2017 and were signed on its behalf by:

J Allan - Director

K H Allan - Director

1.	STATUTORY INFORMATION

JWA Financial Planning Ltd 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

43,000

At 31 March 2017

43,000

AMORTISATION

Amortisation for period

4,300

At 31 March 2017

4,300

NET BOOK VALUE

At 31 March 2017

38,700

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

2,880

9,725

12,605

At 31 March 2017

2,880

9,725

12,605

DEPRECIATION

Charge for period

720

3,209

3,929

At 31 March 2017

720

3,209

3,929

NET BOOK VALUE

At 31 March 2017

2,160

6,516

8,676

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

27,157

Other debtors

6,760

33,917

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

38,829

Other creditors

16,665

55,494

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

107,121

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary A

£1

1

1

Ordinary B

£1

1

2

Ordinary D & Other

1

1

3

The following shares were allotted and fully paid for cash at par during the period:

1 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each

2 Ordinary D & Other shares of 1 each

The following shares were issued during the year;

Ordinary A - 1 share of £1 = £1

Ordinary B - 1 share of £1 = £1

Ordinary D - 1 share of £1 = £1

Other - 1 share of £1 = £1