Company Registration No. 07990232 (England and Wales)
HUTCHINSON WEALTH MANAGEMENT LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
HUTCHINSON WEALTH MANAGEMENT LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
HUTCHINSON WEALTH MANAGEMENT LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
352,205
238,371
Tangible assets
2
1,065
599
353,270
238,970
Current assets
Debtors
22,926
18,296
Cash at bank and in hand
89,921
66,452
112,847
84,748
Creditors: amounts falling due within one year
(229,767)
(273,788)
Net current liabilities
(116,920)
(189,040)
Total assets less current liabilities
236,350
49,930
Creditors: amounts falling due after more than one year
(149,299)
Provisions for liabilities
(213)
86,838
49,930
Capital and reserves
Called up share capital
3
10
10
Profit and loss account
86,828
49,920
Shareholders' funds
86,838
49,930
HUTCHINSON WEALTH MANAGEMENT LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2014
31 March 2014
- 2 -
For the financial year ended 31 March 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 year 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 13 June 2014
Mr S T Hutchinson
Director
Company Registration No. 07990232
HUTCHINSON WEALTH MANAGEMENT LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 3 -
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).
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.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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
15% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2013
297,964
705
298,669
Additions
216,784
654
217,438
At 31 March 2014
514,748
1,359
516,107
Depreciation
At 1 April 2013
59,593
106
59,699
Charge for the year
102,950
188
103,138
At 31 March 2014
162,543
294
162,837
Net book value
At 31 March 2014
352,205
1,065
353,270
At 31 March 2013
238,371
599
238,970
HUTCHINSON WEALTH MANAGEMENT LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2014
- 4 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
10 Ordinary shares of £1 each
10
10