Company Registration No. 06749074 (England and Wales)
H.D. Financial Planning Limited
Unaudited accounts
for the year ended 31 December 2021
H.D. Financial Planning Limited
Unaudited accounts
Contents
H.D. Financial Planning Limited
Company Information
for the year ended 31 December 2021
Directors
Mr Craig Ian Dunne
Mrs Emma Melissa Dunne
Company Number
06749074 (England and Wales)
Registered Office
102 Cecily Road
Coventry
CV3 5LA
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
H.D. Financial Planning Limited
Statement of financial position
as at 31 December 2021
Tangible assets
3,550
1,876
Cash at bank and in hand
6,932
31,128
Creditors: amounts falling due within one year
(9,777)
(26,207)
Net current assets
13,607
4,921
Total assets less current liabilities
17,157
6,797
Creditors: amounts falling due after more than one year
(19,605)
-
Provisions for liabilities
Net (liabilities)/assets
(3,122)
6,441
Called up share capital
100
100
Profit and loss account
(3,222)
6,341
Shareholders' funds
(3,122)
6,441
For the year ending 31 December 2021 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2022 and were signed on its behalf by
Mr Craig Ian Dunne
Director
Company Registration No. 06749074
H.D. Financial Planning Limited
Notes to the Accounts
for the year ended 31 December 2021
H.D. Financial Planning Limited is a private company, limited by shares, registered in England and Wales, registration number 06749074. The registered office is 102 Cecily Road, Coventry, CV3 5LA.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
H.D. Financial Planning Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends.
At the reporting date the amount owed to the company from Mr Dunne was £8,069, a movement of £8,118 from the £49 owed by the company at the beginning of the period. At the reporting date the amount owed to the company from Mrs Dunne was £8,383, a movement of £8,756 from the £373 owed by the company at the beginning of the period. Both loans were repaid within 9 months of the company year end.
Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
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Average number of employees
During the year the average number of employees was 2 (2020: 2).