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REGISTERED NUMBER: 05880332











Unaudited Financial Statements

for the Year Ended 31 July 2018

for

Thames Valley Asset Finance Limited

Thames Valley Asset Finance Limited (Registered number: 05880332)






Contents of the Financial Statements
for the Year Ended 31 July 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Thames Valley Asset Finance Limited

Company Information
for the Year Ended 31 July 2018







DIRECTORS: A P Wise
Mrs F S Wise





SECRETARY: Mrs Y M Wise





REGISTERED OFFICE: 7 West Mills Yard
Newbury
Berkshire
RG14 5LP





REGISTERED NUMBER: 05880332





ACCOUNTANTS: Kirkpatrick & Hopes Ltd
Overdene House
49 Church Street
Theale
Reading
Berkshire
RG7 5BX

Thames Valley Asset Finance Limited (Registered number: 05880332)

Statement of Financial Position
31 July 2018

31.7.18 31.7.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,599 21,164

CURRENT ASSETS
Debtors 6 16,915 11,884
Cash at bank 289,907 228,099
306,822 239,983
CREDITORS
Amounts falling due within one year 7 60,728 57,131
NET CURRENT ASSETS 246,094 182,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,693

204,016

PROVISIONS FOR LIABILITIES 4,021 4,021
NET ASSETS 258,672 199,995

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 258,671 199,994
SHAREHOLDERS' FUNDS 258,672 199,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

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 7 November 2018 and were signed on its behalf
by:





A P Wise - Director


Thames Valley Asset Finance Limited (Registered number: 05880332)

Notes to the Financial Statements
for the Year Ended 31 July 2018

1. STATUTORY INFORMATION

Thames Valley Asset Finance Limited is a private company, limited by shares , registered in Not specified/Other.
The company's registered number and registered office address can be found on the Company Information
page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention and comply with FRS 102
section 1A small entities.

The presentation currency is sterling (£).

Turnover
Turnover represents commissions received, as adjusted for commission clawbacks. Income is recognised at the
time of invoicing, when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured
initially at fair value, net of transactions costs, and are measured subsequently at amortised costs using the
effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs
using the effective interest method.

Thames Valley Asset Finance Limited (Registered number: 05880332)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

3. ACCOUNTING POLICIES - continued

Going concern justification
The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is
appropriate because there are no material uncertainties related to events or conditions that may cast significant
doubt about the ability of the company to continue as a going concern.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2017 11,353 21,702 33,055
Additions 196 - 196
At 31 July 2018 11,549 21,702 33,251
DEPRECIATION
At 1 August 2017 2,298 9,593 11,891
Charge for year 1,733 3,028 4,761
At 31 July 2018 4,031 12,621 16,652
NET BOOK VALUE
At 31 July 2018 7,518 9,081 16,599
At 31 July 2017 9,055 12,109 21,164

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade debtors 13,654 9,145
Other debtors 169 169
Prepayments and accrued income 3,092 2,570
16,915 11,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.18 31.7.17
£    £   
Trade creditors 13,718 11,867
Tax 27,008 27,585
Social security and other taxes 491 -
Other creditors 9,075 8,575
Directors' loan accounts 6,724 4,188
Accruals and deferred income 3,712 4,916
60,728 57,131

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.18 31.7.17
£    £   
Within one year 5,500 5,500
Between one and five years 917 6,417
6,417 11,917

Thames Valley Asset Finance Limited (Registered number: 05880332)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2018

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the following balance existed on a loan account with the director:

A P Wise £6,724 in credit (2017 - £4,188 in credit)

The above loan is interest free and with no fixed date for repayment.

The company paid dividends to the director as follows:

A P Wise £48,249 (2017 - £45,618)

10. ULTIMATE CONTROLLING PARTY

The company is under the control of one of its directors, A P Wise, by virtue of his shareholding in the company.