IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD - Company Information

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IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Company Registration Number:
02053028 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2018

Period of accounts

Start date: 01 May 2017

End date: 30 April 2018

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2018

Balance sheet
Notes

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Balance sheet

As at 30 April 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 2 1,298 221
Total fixed assets: 1,298 221
Current assets
Debtors: 3 13,031 22,100
Cash at bank and in hand: 228,859 68,328
Investments: 4 43,807 144,211
Total current assets: 285,697 234,639
Creditors: amounts falling due within one year: 5 (74,280) (44,966)
Net current assets (liabilities): 211,417 189,673
Total assets less current liabilities: 212,715 189,894
Provision for liabilities: (214) (178)
Total net assets (liabilities): 212,501 189,716
Capital and reserves
Called up share capital: 100 100
Other reserves: (114,684)
Profit and loss account: 327,085 189,616
Shareholders funds: 212,501 189,716

The notes form part of these financial statements

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Balance sheet statements

For the year ending 30 April 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 November 2018
and signed on behalf of the board by:

Name: Ian Blessed
Status: Director

The notes form part of these financial statements

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced during the period exclusive of VAT.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows:Fixtures and fittings - 10% straight lineComputer equipment - 25% straight line

Other accounting policies

Listed InvestmentsInvestments in equity shares which are publicly traded or where the fair value can be measured reliably are measured at fair value, with changes in fair value recognised in profit or loss as an unrealised gain or loss.

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2018

2. Tangible Assets

Total
Cost £
At 01 May 2017 6,669
Additions 1,134
At 30 April 2018 7,803
Depreciation
At 01 May 2017 6,448
Charge for year 57
At 30 April 2018 6,505
Net book value
At 30 April 2018 1,298
At 30 April 2017 221

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2018

3. Debtors

2018 2017
££
Debtors due after more than one year: 13,031 22,100

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2018

4. Current investments

Cost as at 01/05/2017: 144,212Additions: 14,280Revaluation under FRS 102: (114,684)Carrying value as at 30/04/2018: 43,807This is the first year that Investments have been revalued under FRS 102. The revaluation loss has been taken to the Profit and Loss account as an unrealised loss.

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2018

5. Creditors: amounts falling due within one year note

2018: 74,2802017: 44,966

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2018

6. Financial commitments

At 30th April 2018 the Company had no (2017: nil) financial commitments under non cancellable operating leases.