Company Registration No. 04617724 (England and Wales)
AIREVALLEY INDEPENDENT FINANCIAL ADVISORS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
AIREVALLEY INDEPENDENT FINANCIAL ADVISORS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AIREVALLEY INDEPENDENT FINANCIAL ADVISORS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,888
68
Current assets
Debtors
28,844
11,389
Cash at bank and in hand
26,591
30,076
55,435
41,465
Creditors: amounts falling due within one year
(31,958)
(29,955)
Net current assets
23,477
11,510
Total assets less current liabilities
25,365
11,578
Capital and reserves
Called up share capital
3
6
6
Profit and loss account
25,359
11,572
Shareholders' funds
25,365
11,578
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 25 November 2016
Mr J Lohan
Mr M Waterhouse
Director
Director
Company Registration No. 04617724
AIREVALLEY INDEPENDENT FINANCIAL ADVISORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
Straight line at rates relevant to asset life
1.5
Pensions
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
8,570
Additions
2,052
At 31 March 2016
10,622
Depreciation
At 1 April 2015
8,502
Charge for the year
232
At 31 March 2016
8,734
Net book value
At 31 March 2016
1,888
At 31 March 2015
68
AIREVALLEY INDEPENDENT FINANCIAL ADVISORS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
4 Ordinary A,B,C and D Shares of £1 each
4
4
6
6