Registered number: 04820268 | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2023 | ||||||||
Prepared By: | ||||||||
Hope Jones | ||||||||
Chartered Accountants | ||||||||
Suite114, Lymington Town Hall | ||||||||
Avenue Road | ||||||||
Lymington | ||||||||
Hants | ||||||||
SO41 9ZG |
Charlwood IFA Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2023 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
J M Charlwood | ||||||||
REGISTERED OFFICE | ||||||||
Dorset | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in England and Wales, registered number 04820268 | ||||||||
ACCOUNTANTS | ||||||||
Hope Jones | ||||||||
Chartered Accountants | ||||||||
Suite114, Lymington Town Hall | ||||||||
Avenue Road | ||||||||
Lymington | ||||||||
Hants | ||||||||
SO41 9ZG |
Charlwood IFA Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 AUGUST 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Statement of Financial Position | 3 | |||||||
Notes to the Accounts | 4- 5 | |||||||
Charlwood IFA Limited | ||||||||
STATEMENT OF FINANCIAL POSITION AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 3 | |||||||||
Current asset investments | 4 | |||||||||
Cash at bank and in hand | ||||||||||
692,957 | 610,992 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 471,338 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 27,000 | 27,000 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 529,768 | 462,866 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Charlwood IFA Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 AUGUST 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Short Leasehold Properties | straight lineover period of lease | |||||||
Fixtures And Fittings | reducing balance20% |
1c. Stocks | ||||||||
Stock is valued at the lower of cost and estimated selling price less costs to sell. |
1d. Pension Costs | ||||||||
The company operates defined contribution pension schemes. The pension charge represents the amounts payable by the company to the funds in respect of the year. |
1e. Investments | ||||||||
Current asset investments are included at fair value. | ||||||||
1f. Leases | ||||||||
Payments made under operating leases are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||||
Short Leasehold | Fixtures Fittings | |||||
Properties | and Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 September 2022 | 16,313 | 74,683 | 90,996 | |||
Additions | - | 6,228 | 6,228 | |||
Disposals | - | (1,750) | (1,750) | |||
At 31 August 2023 | 16,313 | 79,161 | 95,474 | |||
Depreciation | ||||||
At 1 September 2022 | 755 | 67,238 | 67,993 | |||
Disposals | - | (1,291) | (1,291) | |||
For the year | 1,813 | 2,735 | 4,548 | |||
At 31 August 2023 | 2,568 | 68,682 | 71,250 | |||
Net Book Amounts | ||||||
At 31 August 2023 | 13,745 | 10,479 | 24,224 | |||
At 31 August 2022 | 15,558 | 7,445 | 23,003 | |||
Charlwood IFA Limited | ||||||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Other debtors | 150,082 | 150,063 | ||||||
Prepayments | 18,735 | 35,413 | ||||||
168,817 | 185,476 | |||||||
4. CURRENT ASSET INVESTMENTS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Listed investments - UK | 187,965 | 91,044 | ||||||
187,965 | 91,044 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 96,030 | 75,151 | ||||||
PAYE | 3,903 | 3,632 | ||||||
Directors' current accounts | 19,280 | 19,827 | ||||||
Trade creditors | 45 | 82 | ||||||
Other creditors | 29,971 | 29,298 | ||||||
Accruals | 1,670 | 7,575 | ||||||
Deferred income | 3,354 | 4,089 | ||||||
154,253 | 139,654 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Other loans | 27,000 | 27,000 | ||||||
27,000 | 27,000 | |||||||
The other loans are subordinated loans between the company's directors, the company and the Financial Conduct Authority Ltd. (FCA). They are unsecured and repayment may not be made without the FCA's prior written consent and then with not less than two years notice. | ||||||||
7. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 10 | |||||
8. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 6,056 | 4,371 | ||||||
6,056 | 4,371 | |||||||