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Registration number: 06652408

Peter Hancock Financial Planning Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2012
 

 

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 2012

 

Note

   

2012
£

   

2011
£

 

Fixed assets

 

   

   

 

Intangible fixed assets

 

   

3,000

   

6,000

 

Current assets

 

   

   

 

Debtors

 

   

4,932

   

2,549

 

Cash at bank and in hand

 

   

7,409

   

4,964

 

 

   

12,341

   

7,513

 

Creditors: Amounts falling due within one year

 

   

(15,000)

   

(13,294)

 

Net current liabilities

 

   

(2,659)

   

(5,781)

 

Net assets

 

   

341

   

219

 

Capital and reserves

 

   

   

 

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

241

   

119

 

Shareholders' funds

 

   

341

   

219

 

For the year ending 31 August 2012 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 13 February 2013

.........................................
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 2012
......... 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

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.

 

Peter Hancock Financial Planning Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2012
......... continued

2

Fixed assets

 

Intangible assets
£

   

Tangible assets
£

   

Total
£

 

Cost

 

   

   

 

At 1 September 2011

 

15,000

   

2,278

   

17,278

 

At 31 August 2012

 

15,000

   

2,278

   

17,278

 

Depreciation

 

   

   

 

At 1 September 2011

 

9,000

   

2,278

   

11,278

 

Charge for the year

 

3,000

   

-

   

3,000

 

At 31 August 2012

 

12,000

   

2,278

   

14,278

 

Net book value

 

   

   

 

At 31 August 2012

 

3,000

   

-

   

3,000

 

At 31 August 2011

 

6,000

   

-

   

6,000

 

3

Share capital

Allotted, called up and fully paid shares

 

2012

2011

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

4

Related party transactions

Director's advances and credits

 

2012
Advance/ Credit
£

2012
Repaid
£

2011
Advance/ Credit
£

2011
Repaid
£

P G Hancock

P G Hancock loan - Interest free

4,932

-

2,438

2,438

         
         

5

Control

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