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REGISTERED NUMBER: 03836346 (England and Wales)

























Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Personal Financial Planning Limited

Personal Financial Planning Limited (Registered number: 03836346)






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


Personal Financial Planning Limited

Company Information
for the year ended 30 September 2023







DIRECTOR: R J Cropper





SECRETARY: L Young





REGISTERED OFFICE: St. George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE





REGISTERED NUMBER: 03836346 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Limited
Chartered Accountants
St George's Court
Winnington Avenue
Northwich
Cheshire
CW8 4EE

Personal Financial Planning Limited (Registered number: 03836346)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,219 23,284

CURRENT ASSETS
Debtors 5 367,217 377,878
Cash at bank 229,952 288,966
597,169 666,844
CREDITORS
Amounts falling due within one year 6 479,753 550,589
NET CURRENT ASSETS 117,416 116,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,635

139,539

PROVISIONS FOR LIABILITIES 7 6,304 4,424
NET ASSETS 136,331 135,115

CAPITAL AND RESERVES
Called up share capital 10,200 10,200
Retained earnings 126,131 124,915
SHAREHOLDERS' FUNDS 136,331 135,115

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 director acknowledges his 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 director and authorised for issue on 28 November 2023 and were signed by:





R J Cropper - Director


Personal Financial Planning Limited (Registered number: 03836346)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Personal Financial Planning 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.

Turnover
When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to a notable milestone.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value,of each asset on a systematic basis over their estimated useful lives as follows:

Improvement to property-10% on cost
Pictures-10% on cost
Fixtures and fittings-15% on reducing balance basis
Computer equipment-33% 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.

Personal Financial Planning Limited (Registered number: 03836346)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Share capital
Ordinary shares are classed as equity.

Distribution to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 34 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property Pictures fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 26,625 9,000 77,785 50,311 163,721
Additions - - 981 10,590 11,571
At 30 September 2023 26,625 9,000 78,766 60,901 175,292
DEPRECIATION
At 1 October 2022 26,625 8,550 61,269 43,993 140,437
Charge for year - 100 2,624 6,912 9,636
At 30 September 2023 26,625 8,650 63,893 50,905 150,073
NET BOOK VALUE
At 30 September 2023 - 350 14,873 9,996 25,219
At 30 September 2022 - 450 16,516 6,318 23,284

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 73,238 81,582
Due from parent company 22,107 -
Prepayments & accrued income 271,872 296,296
367,217 377,878

Personal Financial Planning Limited (Registered number: 03836346)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,125 11,769
Tax 142,875 154,720
Social security & other taxes 31,374 32,791
VAT 10,694 8,251
Other creditors 278,810 191,184
Due to parent company - 142,072
Accrued expenses 3,875 9,802
479,753 550,589

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,304 4,424

Deferred
tax
£   
Balance at 1 October 2022 4,424
Accelerated capital allowances 1,880
Balance at 30 September 2023 6,304

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the period end the directors were owed £nil (2022: £nil) by the company, which is repayable on demand and attracts no interest.