A S Financial Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06951009 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

A S FINANCIAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S G Conway

J E L Gallimore

D W Pollock

S Redler

REGISTERED OFFICE:

52 - 54 High Holborn

London

WC1V 6RB

REGISTERED NUMBER:

06951009 (England and Wales)

ACCOUNTANTS:

The Blue Skies Partnership

Skyview House

10 St Neots Road

Sandy

Bedfordshire

SG19 1LB

FIXED ASSETS

Tangible assets

2

5,542

11,455

CURRENT ASSETS

Debtors

2,637

277

Prepayments and accrued income

5,500

-

Cash at bank

26,923

3,504

35,060

3,781

CREDITORS

Amounts falling due within one year

(43,025

)

(52,936

)

NET CURRENT LIABILITIES

(7,965

)

(49,155

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,423

)

(37,700

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Share premium

83,350

83,350

Profit and loss account

(86,773

)

(122,050

)

SHAREHOLDERS' FUNDS

(2,423

)

(37,700

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 18 December 2014 and were signed on its behalf by:

S G Conway - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared under the Going Concern basis, as it is the Directors and Shareholders

intentions to continue to financially support the business, while it establishes itself within the industry and for the

foreseeable future.

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 fees received for work done during the year.

Fee income represents revenue earned under a wide variety of contracts to provide Financial Services. Revenue

is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for

its performance under these contracts. It is measured at the fair value of the right to consideration, which

represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Fee income that is contingent on events outside the control of the firm, is recognised when the contingent event

occurs.

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

-

50% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

34,340

Additions

2,338

At 31 March 2014

36,678

DEPRECIATION

At 1 April 2013

22,885

Charge for year

8,251

At 31 March 2014

31,136

NET BOOK VALUE

At 31 March 2014

5,542

At 31 March 2013

11,455

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

5,000

A Ordinary

£0.10

500

500

5,000

B Ordinary

£0.10

500

500

1,000

1,000

4.	RELATED PARTY DISCLOSURES

During the period, the Company made payments of £7,875 for management charges to AS Servicing Limited, a

company in which 2 of the directors of AS Financial Limited, S G Conway and J E L Gallimore have significant

influence and are members of the key management personnel.

5.	ULTIMATE CONTROLLING PARTY

The controlling party is the board of directors.