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REGISTERED NUMBER: SC336433 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

MCLAUGHLIN FINANCIAL PLANNING
LIMITED

MCLAUGHLIN FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: SC336433)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


MCLAUGHLIN FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: SC336433)

ABRIDGED BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,847

CURRENT ASSETS
Cash at bank and in hand 1,136,737 840,479

CREDITORS
Amounts falling due within one year 732,078 354,197
NET CURRENT ASSETS 404,659 486,282
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,659

488,129

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 404,549 488,019
SHAREHOLDERS' FUNDS 404,659 488,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

MCLAUGHLIN FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: SC336433)

ABRIDGED BALANCE SHEET - continued
31 January 2023



The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





J McLaughlin - Director


MCLAUGHLIN FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: SC336433)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

McLaughlin Financial Planning Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC336433

Registered office: 2B Napier Pavillion
Wardpark North
Cumbernauld
Lanarkshire
G68 0LL

2. ACCOUNTING POLICIES

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

Turnover and revenue recognition
Turnover represents invoiced sales of goods and services. Revenue is recognised when goods and services are provided to the customer.

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 reducing balance
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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 4 ).

MCLAUGHLIN FINANCIAL PLANNING
LIMITED (REGISTERED NUMBER: SC336433)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 12,753
Disposals (12,753 )
At 31 January 2023 -
DEPRECIATION
At 1 February 2022 10,906
Eliminated on disposal (10,906 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 1,847

5. SECURED DEBTS

The company has an agreed overdraft facility of £10,000 which is secured by a floating charge over the assets of the company and a personal guarantee from the director, Mr J McLaughlin.

6. ULTIMATE CONTROLLING PARTY

The company is controlled by the Directors.