Company Registration No. 08737780 (England and Wales)
BRAUDE WEALTH MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2014
BRAUDE WEALTH MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BRAUDE WEALTH MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
Notes
£
£
Fixed assets
Tangible assets
2
1,024
Current assets
Cash at bank and in hand
1,934
Creditors: amounts falling due within one year
(8,888)
Net current liabilities
(6,954)
Total assets less current liabilities
(5,930)
Capital and reserves
Called up share capital
3
100
Profit and loss account
(6,030)
Shareholders' funds
(5,930)
For the financial period ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his 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 for issue on 11 June 2015
Mr P H Braude
Director
Company Registration No. 08737780
BRAUDE WEALTH MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the continuing support of the director and creditors.
If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise
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
.
1.3
Turnover
Turnover represents amounts receivable for services .
.
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:
Computer equipment
33% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 17 October 2013
-
Additions
1,529
At 31 December 2014
1,529
Depreciation
At 17 October 2013
-
Charge for the period
505
At 31 December 2014
505
Net book value
At 31 December 2014
1,024
BRAUDE WEALTH MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2014
- 3 -
3
Share capital
2014
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
During the period 100 Ordinary shares of £1 each were allotted at par.