IRIS Accounts Production v23.3.0.418 09107734 director 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary 100.00000 Ordinary B 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091077342022-06-30091077342023-06-30091077342022-07-012023-06-30091077342021-06-30091077342021-07-012022-06-30091077342022-06-3009107734ns10:Originalns15:EnglandWales2022-07-012023-06-3009107734ns14:PoundSterlingns10:Original2022-07-012023-06-3009107734ns10:Originalns10:Director12022-07-012023-06-3009107734ns10:Original2022-07-012023-06-3009107734ns10:Original2023-06-3009107734ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3009107734ns10:Originalns10:SmallEntities2022-07-012023-06-3009107734ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3009107734ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3009107734ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3009107734ns10:Originalns10:FullAccounts2022-07-012023-06-3009107734ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3009107734ns10:Originalns10:OrdinaryShareClass22022-07-012023-06-3009107734ns10:Originalns10:RegisteredOffice2022-07-012023-06-3009107734ns10:Original2022-06-3009107734ns10:Originalns5:CurrentFinancialInstruments2023-06-3009107734ns10:Originalns5:CurrentFinancialInstruments2022-06-3009107734ns10:Originalns5:Non-currentFinancialInstruments2023-06-3009107734ns10:Originalns5:Non-currentFinancialInstruments2022-06-3009107734ns5:ShareCapitalns10:Original2023-06-3009107734ns5:ShareCapitalns10:Original2022-06-3009107734ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3009107734ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3009107734ns10:Originalns5:FurnitureFittings2022-07-012023-06-3009107734ns10:Originalns5:ComputerEquipment2022-07-012023-06-3009107734ns10:Original2021-07-012022-06-3009107734ns10:Originalns5:FurnitureFittings2023-06-3009107734ns10:Originalns5:ComputerEquipment2023-06-3009107734ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3009107734ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3009107734ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3009107734ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3009107734ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3009107734ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3009107734ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-06-3009107734ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-06-3009107734ns10:Originalns5:DeferredTaxation2022-07-012023-06-3009107734ns10:Originalns5:DeferredTaxation2023-06-3009107734ns10:Originalns10:OrdinaryShareClass12023-06-3009107734ns10:Originalns10:OrdinaryShareClass22023-06-30
REGISTERED NUMBER: 09107734 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

FINANCIAL ADVICE MADE EASY LTD

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINANCIAL ADVICE MADE EASY LTD

COMPANY INFORMATION
for the Year Ended 30th June 2023







DIRECTOR: Mr M J Dowler





REGISTERED OFFICE: Cornwall Buildings
45 Newhall Street
Birmingham
B3 3QR





REGISTERED NUMBER: 09107734 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

BALANCE SHEET
30th June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,562 -

CURRENT ASSETS
Debtors 5 61,194 46,310
Cash at bank 17,469 40,210
78,663 86,520
CREDITORS
Amounts falling due within one year 6 19,677 19,895
NET CURRENT ASSETS 58,986 66,625
TOTAL ASSETS LESS CURRENT LIABILITIES 60,548 66,625

CREDITORS
Amounts falling due after more than one
year

7

(27,992

)

(36,387

)

PROVISIONS FOR LIABILITIES 9 (297 ) -
NET ASSETS 32,259 30,238

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 32,158 30,137
SHAREHOLDERS' FUNDS 32,259 30,238

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

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

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

BALANCE SHEET - continued
30th June 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 director and authorised for issue on 17th November 2023 and were signed by:





Mr M J Dowler - Director


FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023


1. STATUTORY INFORMATION

Financial Advice Made Easy Ltd 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Computer equipment - 33% on 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 232 2,082 2,314
At 30th June 2023 232 2,082 2,314
DEPRECIATION
Charge for year 58 694 752
At 30th June 2023 58 694 752
NET BOOK VALUE
At 30th June 2023 174 1,388 1,562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 55,815 40,783
Accrued income 5,379 5,527
61,194 46,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts (see note 8) 4,233 -
Trade creditors 155 155
Tax 14,191 13,961
Social security and other taxes - 89
Other creditors 80 40
Net wages 706 676
Directors' current accounts 312 4,974
19,677 19,895

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans (see note 8) 27,992 36,387

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,219 -

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2023


8. LOANS

An analysis of the maturity of loans is given below:

30/6/23 30/6/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,233 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,353 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,420 36,387

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,219 -

9. PROVISIONS FOR LIABILITIES
30/6/23 30/6/22
£    £   
Deferred tax
Accelerated capital allowances 297 -

Deferred
tax
£   
Provided during year 297
Balance at 30th June 2023 297

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
100 Ordinary 100 100 100
100 Ordinary B 0.01 1 1
101 101

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M J Dowler.