Registered Number 04604937

HOWARD COX INDEPENDENT FINANCIAL ADVISORS LIMITED

Abbreviated Accounts

31 May 2016

HOWARD COX INDEPENDENT FINANCIAL ADVISORS LIMITED Registered Number 04604937

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 54,177 54,177
Tangible assets 3 3,124 3,905
57,301 58,082
Current assets
Debtors 1,850 2,250
Cash at bank and in hand 9,869 1,507
11,719 3,757
Creditors: amounts falling due within one year (60,151 ) (59,716 )
Net current assets (liabilities) (48,432 ) (55,959 )
Total assets less current liabilities 8,869 2,123
Provisions for liabilities (624 ) (587 )
Total net assets (liabilities) 8,245 1,536
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,145 1,436
Shareholders' funds 8,245 1,536

  • For the year ending 31 May 2016 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 directors acknowledge their 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 Board on 27 September 2016

And signed on their behalf by:
B Masding, Director
M Cooper, Director

HOWARD COX INDEPENDENT FINANCIAL ADVISORS LIMITED Registered Number 04604937

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 20015

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Plant & Machinery - 20% on reducing balance.

2 Intangible fixed assets
£
Cost
At 1 June 2015 54,177
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 54,177
Amortisation
At 1 June 2015 -
Charge for the year -
On disposals -
At 31 May 2016 -
Net book values
At 31 May 2016 54,177
At 31 May 2015 54,177
3 Tangible fixed assets
£
Cost
At 1 June 2015 13,152
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 13,152
Depreciation
At 1 June 2015 9,247
Charge for the year 781
On disposals -
At 31 May 2016 10,028
Net book values
At 31 May 2016 3,124
At 31 May 2015 3,905

4 Transactions with directors

Name of director receiving advance or credit: Mr B Masding
Description of the transaction: Drawings
Balance at 1 June 2015: £ 17,354
Advances or credits made: -
Advances or credits repaid: £ 583
Balance at 31 May 2016: £ 16,771

Name of director receiving advance or credit: Mr M Cooper
Description of the transaction: Repayment of loan
Balance at 1 June 2015: £ 5,917
Advances or credits made: -
Advances or credits repaid: £ 1,235
Balance at 31 May 2016: £ 4,682

The company was under the joint control of Mr Masding & Mr Cooper each holding 40% of the issued shares. Transactions have taken place between these two and the company, none is considered material to any understanding of these accounts.At the year end the company was indebted to Mr Masding and Mr Cooper in sums of £16,771 (2105 -£17,354) and £4,682 (2015 - £5,917) respectively.