East Anglian Financial Planning Ltd (formerly KGS Financial Advisers Ltd) Filleted Accounts Cover
East Anglian Financial Planning Ltd (formerly KGS Financial Advisers Ltd)
Company No. 08608937
Information for Filing with The Registrar
31 January 2023
East Anglian Financial Planning Ltd (formerly KGS Financial Advisers Ltd) Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 January 2023.
Principal activities
The principal activity of the company during the year under review was procurement of insurance and related services.
Directors
The Directors who served at any time during the year were as follows:
J.A. Dyer
(Resigned 1 December 2022)
A. Johnson
D. McGowan
(Resigned 3 August 2022)
B. Monk
D.A. Olson
(Resigned 1 December 2022)
T.A. Vincent-Panich
(Resigned 30 November 2022)
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
A. Johnson
Director
26 October 2023
East Anglian Financial Planning Ltd (formerly KGS Financial Advisers Ltd) Balance Sheet Registrar
at
31 January 2023
Company No.
08608937
Notes
2023
2022
£
£
Current assets
Debtors
-27,091
Cash at bank and in hand
10549,285
10576,376
Creditors: Amount falling due within one year
(2,220)
(13,559)
Net current (liabilities)/assets
(2,115)
62,817
Total assets less current liabilities
(2,115)
62,817
Creditors: Amounts falling due after more than one year
-
(19,802)
Net (liabilities)/assets
(2,115)
43,015
Capital and reserves
Called up share capital
100100
Profit and loss account
5
(2,215)
42,915
Total equity
(2,115)
43,015
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2023 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 January 2023 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 26 October 2023
And signed on its behalf by:
A. Johnson
Director
26 October 2023
East Anglian Financial Planning Ltd (formerly KGS Financial Advisers Ltd) Notes to the Accounts Registrar
for the year ended 31 January 2023
1
General information
Its registered number is: 08608937
Its registered office is:
Lodge Park Business Centre
Lodge Lane
Langham
CO4 5NE
The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006, including the provisions permitting an abridged profit and loss accountant balance sheet to be prepared.
Going concern
At 31 January 2023 the company had net liabilities of £2,115 as part of the transfer of business activities through a change in ownership and group structure. The directors will ensure that any steps required are taken to ensure that the company continues as a going concern.
2
Accounting policies
Turnover
Financial services fees receivable from providers are recognised in the period the service is provided.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
56
4
Share Capital
Ordinary share capital
5
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
6
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
43,711
-
43,711
-
Dividends by type:
Equity dividends
43,711-
43,711
-
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