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Registered number: 08415092

Shore Financial Planning (Plymouth) Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

Shore Financial Planning (Plymouth) Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
Mr J TREHARNE
SECRETARY
Mr J TREHARNE
REGISTERED OFFICE
15 ATHENAEUM STREET
PLYMOUTH
PL1 2RH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08415092
ACCOUNTANTS
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS

Shore Financial Planning (Plymouth) Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Shore Financial Planning (Plymouth) Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Intangible assets2-13,500
Tangible assets319,86437,848
19,86451,348
CURRENT ASSETS
Debtors4113,115200,707
Current Asset Investments523,17275,000
Cash at bank and in hand299,537112,765
435,824388,472
CREDITORS: Amounts falling due within one year640,40858,594
NET CURRENT ASSETS395,416329,878
TOTAL ASSETS LESS CURRENT LIABILITIES415,280381,226
PROVISIONS FOR LIABILITIES AND CHARGES8-3,260
NET ASSETS415,280377,966
CAPITAL AND RESERVES
Called up share capital9103103
Profit and loss account415,177377,863
SHAREHOLDERS' FUNDS415,280377,966
For the year ending 31/03/2023 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/10/2023 and signed on their behalf by
.............................
Mr J TREHARNE
Director

Shore Financial Planning (Plymouth) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 20%
Fixtures and Fittingsstraight line 25%
Equipmentreducing balance 25%
Motor Carsstraight line 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Shore Financial Planning (Plymouth) Limited

2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2022135,000135,000
At 31/03/2023135,000135,000
Depreciation
At 01/04/2022121,500121,500
For the year13,50013,500
At 31/03/2023135,000135,000
Net Book Amounts
At 31/03/2023--
At 31/03/202213,50013,500
3. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/04/202239,17521,99827,51716,817105,507
Additions-406699-1,105
At 31/03/202339,17522,40428,21616,817106,612
Depreciation
At 01/04/202223,80220,26615,1838,40867,659
For the year9,7941,8333,2584,20419,089
At 31/03/202333,59622,09918,44112,61286,748
Net Book Amounts
At 31/03/20235,5793059,7754,20519,864
At 31/03/202215,3731,73212,3348,40937,848
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors86,896112,566
Pensions185-
Other debtors-1,200
Prepayments6,6256,625
Directors current account19,40980,316
113,115200,707

Shore Financial Planning (Plymouth) Limited

5. CURRENT ASSET INVESTMENTS
20232022
££
Investments - Capital Deposit23,17275,000
23,17275,000
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax36,40153,400
PAYE control436479
Salaries and wages control1,153-
Credit card182,315
Accruals2,4002,400
40,40858,594
7. EMPLOYEES
20232022
No.No.
Average number of employees98
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation-3,260
-3,260

Shore Financial Planning (Plymouth) Limited

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
2 Ordinary B shares of £1 each22
1 Ordinary C shares of £1 each11
103103
10. OTHER FINANCIAL COMMITMENTS
At 31/03/2023 the company was committed to making the following payments under non-cancellable operating leases:
20232022
££
Operating Leases which expire:
Within one year3,43427,800
Within two to five years5,97058,600