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REGISTERED NUMBER: 11999497 (England and Wales)















CFS WEALTH PLANNING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






CFS WEALTH PLANNING LIMITED (REGISTERED NUMBER: 11999497)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CFS WEALTH PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: M L C Blackwell
J Bove
R Brand





REGISTERED OFFICE: 15-17 Osborns Court
Olney
Buckinghamshire
MK46 4LA





REGISTERED NUMBER: 11999497 (England and Wales)





ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET

CFS WEALTH PLANNING LIMITED (REGISTERED NUMBER: 11999497)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,170,158 2,566,808
Tangible assets 5 2,857 4,015
Investments 6 1,638,566 1,638,566
3,811,581 4,209,389

CURRENT ASSETS
Debtors 7 120,804 103,351
Cash at bank and in hand 25,035 167,239
145,839 270,590
CREDITORS
Amounts falling due within one year 8 755,516 752,738
NET CURRENT LIABILITIES (609,677 ) (482,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,201,904

3,727,241

CREDITORS
Amounts falling due after more than one
year

9

(2,808,910

)

(3,376,659

)

PROVISIONS FOR LIABILITIES - (63 )

ACCRUALS AND DEFERRED INCOME (8,220 ) (3,000 )
NET ASSETS 384,774 347,519

CAPITAL AND RESERVES
Called up share capital 330 330
Retained earnings 384,444 347,189
384,774 347,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

CFS WEALTH PLANNING LIMITED (REGISTERED NUMBER: 11999497)

BALANCE SHEET - continued
31 AUGUST 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:




M L C Blackwell - Director J Bove - Director




R Brand - Director


CFS WEALTH PLANNING LIMITED (REGISTERED NUMBER: 11999497)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

CFS Wealth 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 (£).


The financial statements are rounded to the nearest £1.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Revenue is recognised at the point in time when the Company has the right to receive payment for its services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

Fixtures and fittings 25% Reducing balance

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CFS WEALTH PLANNING LIMITED (REGISTERED NUMBER: 11999497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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.

Interest receivable
Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022 3,647,472
Disposals (33,377 )
At 31 August 2023 3,614,095
AMORTISATION
At 1 September 2022 1,080,664
Charge for year 363,273
At 31 August 2023 1,443,937
NET BOOK VALUE
At 31 August 2023 2,170,158
At 31 August 2022 2,566,808

CFS WEALTH PLANNING LIMITED (REGISTERED NUMBER: 11999497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 10,428
DEPRECIATION
At 1 September 2022 6,413
Charge for year 1,158
At 31 August 2023 7,571
NET BOOK VALUE
At 31 August 2023 2,857
At 31 August 2022 4,015

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 1,638,566
NET BOOK VALUE
At 31 August 2023 1,638,566
At 31 August 2022 1,638,566

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 120,804 103,351

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 532,562 532,562
Trade creditors 31,729 21,754
Amounts owed to group undertakings 300 300
Taxation and social security 190,925 198,122
755,516 752,738

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,808,910 3,376,659

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 678,665 1,246,414

CFS WEALTH PLANNING LIMITED (REGISTERED NUMBER: 11999497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

10. SHARE CAPITAL

Allotted issued and fully paid:

Number: Class: Nominal 2021 2020
Value: £ £
300 Ordinary £1 300 300
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
10 C Ordinary £1 10 10
330 330