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Registration number: 06652408

Peter Hancock Financial Planning Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2013
 

 

Peter Hancock Financial Planning Limited
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Peter Hancock Financial Planning Limited
(Registration number: 06652408)
Abbreviated Balance Sheet at 31 August 2013

 

Note

    

2013
£

    

2012
£

  

Fixed assets

  

   

   

 

Intangible fixed assets

  

   

-

    

3,000

 

Tangible fixed assets

  

   

364

   

-

  

 

   

364

   

3,000

 

Current assets

  

   

   

 

Debtors

  

   

10,005

   

4,932

 

Cash at bank and in hand

  

   

891

   

7,409

 

 

   

10,896

   

12,341

 

Creditors: Amounts falling due within one year

  

   

(11,058)

   

(15,000)

 

Net current liabilities

  

   

(162)

   

(2,659)

 

Net assets

  

   

202

   

341

 

Capital and reserves

  

   

   

 

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

  

   

102

   

241

 

Shareholders' funds

  

   

202

   

341

 

For the year ending 31 August 2013 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 22 January 2014

.........................................
P G Hancock
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Peter Hancock Financial Planning Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2013
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 commissions receivable from customers during the year from the provision of financial services

Goodwill

Acquired goodwill is written off in equal annual installments over its estimated useful economic life of five years

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Amortisation method and rate

Goodwill

20% Straight line

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows :

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

33.33% Straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

 

Peter Hancock Financial Planning Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2013
......... continued

2

Fixed assets

 

Intangible assets
£

    

Tangible assets
£

    

Total
£

  

Cost

  

   

   

 

At 1 September 2012

  

15,000

    

2,278

    

17,278

  

Additions

  

-

    

546

    

546

  

At 31 August 2013

  

15,000

    

2,824

    

17,824

  

Depreciation

  

   

   

 

At 1 September 2012

  

12,000

    

2,278

    

14,278

  

Charge for the year

  

3,000

    

182

    

3,182

  

At 31 August 2013

  

15,000

    

2,460

    

17,460

  

Net book value

  

   

   

 

At 31 August 2013

  

-

    

364

   

364

 

At 31 August 2012

  

3,000

   

-

    

3,000

 

3

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

4

Related party transactions

Director's advances and credits

 

2013
Advance/ Credit
£

2013
Repaid
£

2012
Advance/ Credit
£

2012
Repaid
£

P G Hancock

Loan with Interest charged at the ruling HMRC rate

10,005

-

4,932

4,932

         
         

5

Control

The company is controlled by Mr and Mrs P G Hancock own 100% of the issued share capital .

Page 3