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REGISTERED NUMBER: 05506823 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ALLSOPP FINANCIAL MANAGEMENT LIMITED

ALLSOPP FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05506823)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALLSOPP FINANCIAL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: M T Allsopp
Mrs C E Allsopp





SECRETARY: Mrs C E Allsopp





REGISTERED OFFICE: 7 Caroline Point
62 Caroline Street
Jewellery Quarter
Birmingham
West Midlands
B3 1UF





REGISTERED NUMBER: 05506823 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

ALLSOPP FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05506823)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,300 3,578

CURRENT ASSETS
Cash at bank 75,597 57,239

CREDITORS
Amounts falling due within one year 5 41,816 33,692
NET CURRENT ASSETS 33,781 23,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,081

27,125

PROVISIONS FOR LIABILITIES 1,075 680
NET ASSETS 37,006 26,445

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,906 26,345
SHAREHOLDERS' FUNDS 37,006 26,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 and authorised for issue on 31 October 2023 and were signed on its behalf by:



M T Allsopp - Director


ALLSOPP FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05506823)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Allsopp Financial Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 except for current asset investments, which are recognised at their fair value.

Turnover
Turnover represents fees and commission received before deductions. Revenue is recognised upon receipt..

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 cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Current asset investments
Current asset investments are recognised at their fair value at the period end. Movements in fair value during a period are recognised in the Income Statement.

ALLSOPP FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05506823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022 5,925 12,987 18,912
Additions 1,085 1,527 2,612
At 30 September 2023 7,010 14,514 21,524
DEPRECIATION
At 1 October 2022 5,430 9,904 15,334
Charge for year 196 1,694 1,890
At 30 September 2023 5,626 11,598 17,224
NET BOOK VALUE
At 30 September 2023 1,384 2,916 4,300
At 30 September 2022 495 3,083 3,578

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 40,277 32,864
Other creditors 1,539 828
41,816 33,692

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,924 12,924
Between one and five years - 12,924
12,924 25,848