2022-06-012023-05-312023-05-31false08538737ASTUTE MONEY FINANCIAL PLANNING 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ASTUTE MONEY FINANCIAL PLANNING LTD

Registered Number
08538737
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

ASTUTE MONEY FINANCIAL PLANNING LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

Darren Fisher

Registered Address

Astute Money Financial Planning Ltd Plymouth Science Park
Davy Road
Plymouth
PL6 8BX

Registered Number

08538737 (England and Wales)
ASTUTE MONEY FINANCIAL PLANNING LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5-6,700
Tangible assets63,3804,626
3,38011,326
Current assets
Stocks818,76519,345
Debtors9329,317151,387
Cash at bank and on hand286,575136,462
634,657307,194
Creditors amounts falling due within one year10(252,304)(144,565)
Net current assets (liabilities)382,353162,629
Total assets less current liabilities385,733173,955
Creditors amounts falling due after one year11(22,274)(23,935)
Provisions for liabilities12(642)(247)
Net assets362,817149,773
Capital and reserves
Called up share capital105105
Profit and loss account362,712149,668
Shareholders' funds362,817149,773
The financial statements were approved and authorised for issue by the Director on 20 September 2023, and are signed on its behalf by:
Darren Fisher
Director
Registered Company No. 08538737
ASTUTE MONEY FINANCIAL PLANNING LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-3
Fixtures and fittings33-
Intangible assets policy
Intangible fixe assets are carried at the cost accumulated amortisation and impairment.
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year33
5.Intangible assets

Other

Total

££
Cost or valuation
At 01 June 22246,711246,711
Disposals(115,954)(115,954)
At 31 May 23130,757130,757
Amortisation and impairment
At 01 June 22240,011240,011
Charge for year3,5513,551
On disposals(112,805)(112,805)
At 31 May 23130,757130,757
Net book value
At 31 May 23--
At 31 May 226,7006,700
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 June 2212,51912,519
Additions999999
At 31 May 2313,51813,518
Depreciation and impairment
At 01 June 227,8937,893
Charge for year2,2452,245
At 31 May 2310,13810,138
Net book value
At 31 May 233,3803,380
At 31 May 224,6264,626
7.Description of nature of transactions and balances with related parties
At the year end the company owed D.Fisher, Director £160,334 (2022 - £89,830.)
8.Stocks

2023

2022

££
Work in progress18,76519,345
Total18,76519,345
9.Debtors

2023

2022

££
Other debtors329,127150,098
Prepayments and accrued income1901,289
Total329,317151,387
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables95-
Taxation and social security76,27531,817
Other creditors175,934112,748
Total252,304144,565
11.Creditors after one year

2023

2022

££
Other creditors22,27423,935
Total22,27423,935
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)642247
Total642247