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REGISTERED NUMBER: 04604937 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 May 2017

for

Howard Cox Independent Financial
Advisors Limited

Howard Cox Independent Financial
Advisors Limited (Registered number: 04604937)






Contents of the Financial Statements
for the Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Howard Cox Independent Financial
Advisors Limited

Company Information
for the Year Ended 31 May 2017







DIRECTORS: B Masding
MA Cooper
S Cooper
S Masding





SECRETARY: B Masding





REGISTERED OFFICE: 1 Latimer Road
Cropston
Leicestershire
LE7 7GP





REGISTERED NUMBER: 04604937 (England and Wales)





ACCOUNTANTS: Chappell Hill & Co
1 Latimer Road
Cropston
Leicestershire
LE7 7GP

Howard Cox Independent Financial
Advisors Limited (Registered number: 04604937)

Balance Sheet
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54,177 54,177
Tangible assets 5 2,500 3,124
56,677 57,301

CURRENT ASSETS
Debtors 6 7,601 1,850
Cash at bank and in hand 7,933 9,869
15,534 11,719
CREDITORS
Amounts falling due within one year 7 56,434 60,151
NET CURRENT LIABILITIES (40,900 ) (48,432 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,777

8,869

PROVISIONS FOR LIABILITIES 500 624
NET ASSETS 15,277 8,245

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,177 8,145
15,277 8,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

Howard Cox Independent Financial
Advisors Limited (Registered number: 04604937)

Balance Sheet - continued
31 May 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27 February 2018 and were signed on its behalf
by:




B Masding - Director



MA Cooper - Director


Howard Cox Independent Financial
Advisors Limited (Registered number: 04604937)

Notes to the Financial Statements
for the Year Ended 31 May 2017

1. STATUTORY INFORMATION

Howard Cox Independent Financial Advisors Limited is a private company, limited by shares , registered in
England and Wales. The company's registered number and registered office address can be found on the
Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill represents the amount paid in connection with the acquisition of a business in 2006, no amortisation
has been charged in these accounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

Howard Cox Independent Financial
Advisors Limited (Registered number: 04604937)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2016
and 31 May 2017 54,177
NET BOOK VALUE
At 31 May 2017 54,177
At 31 May 2016 54,177

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2016
and 31 May 2017 13,152
DEPRECIATION
At 1 June 2016 10,028
Charge for year 624
At 31 May 2017 10,652
NET BOOK VALUE
At 31 May 2017 2,500
At 31 May 2016 3,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 7,601 1,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Bank loans and overdrafts 3,646 5,205
Trade creditors - 1
Taxation and social security 10,527 4,916
Other creditors 42,261 50,029
56,434 60,151

Howard Cox Independent Financial
Advisors Limited (Registered number: 04604937)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2017 and
31 May 2016:

31.5.17 31.5.16
£    £   
B Masding and S Masding
Balance outstanding at start of year 16,771 17,354
Amounts advanced 18,750 -
Amounts repaid (3,465 ) (583 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,056 16,771

MA Cooper and S Cooper
Balance outstanding at start of year 4,682 5,917
Amounts advanced 6,250 -
Amounts repaid (4,216 ) (1,235 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,716 4,682