Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-317false2022-06-01No description of principal activity10falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08564530 2022-06-01 2023-05-31 08564530 2021-06-01 2022-05-31 08564530 2023-05-31 08564530 2022-05-31 08564530 c:Director1 2022-06-01 2023-05-31 08564530 c:Director2 2022-06-01 2023-05-31 08564530 c:RegisteredOffice 2022-06-01 2023-05-31 08564530 d:Buildings 2022-06-01 2023-05-31 08564530 d:Buildings 2023-05-31 08564530 d:Buildings 2022-05-31 08564530 d:Buildings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08564530 d:PlantMachinery 2022-06-01 2023-05-31 08564530 d:PlantMachinery 2023-05-31 08564530 d:PlantMachinery 2022-05-31 08564530 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08564530 d:MotorVehicles 2022-06-01 2023-05-31 08564530 d:MotorVehicles 2023-05-31 08564530 d:MotorVehicles 2022-05-31 08564530 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08564530 d:FurnitureFittings 2022-06-01 2023-05-31 08564530 d:FurnitureFittings 2023-05-31 08564530 d:FurnitureFittings 2022-05-31 08564530 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08564530 d:ComputerEquipment 2022-06-01 2023-05-31 08564530 d:ComputerEquipment 2023-05-31 08564530 d:ComputerEquipment 2022-05-31 08564530 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08564530 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 08564530 d:Goodwill 2022-06-01 2023-05-31 08564530 d:Goodwill 2023-05-31 08564530 d:Goodwill 2022-05-31 08564530 d:CurrentFinancialInstruments 2023-05-31 08564530 d:CurrentFinancialInstruments 2022-05-31 08564530 d:Non-currentFinancialInstruments 2023-05-31 08564530 d:Non-currentFinancialInstruments 2022-05-31 08564530 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08564530 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 08564530 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08564530 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 08564530 d:ShareCapital 2023-05-31 08564530 d:ShareCapital 2022-05-31 08564530 d:RetainedEarningsAccumulatedLosses 2023-05-31 08564530 d:RetainedEarningsAccumulatedLosses 2022-05-31 08564530 c:FRS102 2022-06-01 2023-05-31 08564530 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08564530 c:FullAccounts 2022-06-01 2023-05-31 08564530 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08564530 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-06-01 2023-05-31 08564530 6 2022-06-01 2023-05-31 08564530 d:Goodwill d:OwnedIntangibleAssets 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Company registration number: 08564530







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023


ART OF FINANCIAL PLANNING LIMITED






































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ART OF FINANCIAL PLANNING LIMITED
 


 
COMPANY INFORMATION


Directors
J Chandreja 
K Chandreja 




Registered number
08564530



Registered office
9 Lake End Court
Taplow Road

Taplow

Buckinghamshire

SL6 0JQ




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


ART OF FINANCIAL PLANNING LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 


ART OF FINANCIAL PLANNING LIMITED
REGISTERED NUMBER:08564530



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
319,919
81,002

Tangible assets
 5 
76,886
28,573

Investments
 6 
2
2

  
396,807
109,577

Current assets
  

Debtors: amounts falling due within one year
 7 
2,085,421
2,096,659

Cash at bank and in hand
  
42,292
304,773

  
2,127,713
2,401,432

Creditors: amounts falling due within one year
 8 
(151,315)
(309,864)

Net current assets
  
 
 
1,976,398
 
 
2,091,568

Total assets less current liabilities
  
2,373,205
2,201,145

Creditors: amounts falling due after more than one year
 9 
(110,734)
(196,678)

  

Net assets
  
2,262,471
2,004,467


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
2,262,361
2,004,357

  
2,262,471
2,004,467


Page 1

 


ART OF FINANCIAL PLANNING LIMITED
REGISTERED NUMBER:08564530


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



K Chandreja
Director
Date: 19 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


ART OF FINANCIAL PLANNING LIMITED
 


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

1.


General information

Art of 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

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.5

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.


All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 


ART OF FINANCIAL PLANNING LIMITED
 


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

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property and improvements
-
2%
Plant and machinery
-
10%
Motor vehicles
-
20%
Fixtures and fittings
-
20%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 7).

Page 4

 


ART OF FINANCIAL PLANNING LIMITED
 


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

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2022
476,302


Additions
369,137



At 31 May 2023

845,439



Amortisation


At 1 June 2022
395,300


Charge for the year on owned assets
130,220



At 31 May 2023

525,520



Net book value



At 31 May 2023
319,919



At 31 May 2022
81,002



Page 5

 


ART OF FINANCIAL PLANNING LIMITED
 


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

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 June 2022
8,850
64,798
-
36,622
2,826
113,096


Additions
-
-
52,934
3,688
-
56,622



At 31 May 2023

8,850
64,798
52,934
40,310
2,826
169,718



Depreciation


At 1 June 2022
6,195
38,880
-
36,622
2,826
84,523


Charge for the year on owned assets
885
6,480
883
61
-
8,309



At 31 May 2023

7,080
45,360
883
36,683
2,826
92,832



Net book value



At 31 May 2023
1,770
19,438
52,051
3,627
-
76,886



At 31 May 2022
2,655
25,918
-
-
-
28,573


6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 June 2022
2



At 31 May 2023
2




Page 6

 


ART OF FINANCIAL PLANNING LIMITED
 


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

7.


Debtors

2023
2022
£
£


Trade debtors
-
82,965

Amounts owed by group undertakings
1,260,239
1,148,239

Other debtors
811,187
865,455

Prepayments and accrued income
13,995
-

2,085,421
2,096,659



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
81,208
81,814

Trade creditors
466
8,477

Corporation tax
59,929
210,711

Other taxation and social security
3,071
725

Accruals and deferred income
6,641
8,137

151,315
309,864



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
110,734
196,678

110,734
196,678


Included within creditors is an amount secured by way of government guarantee under the Bounce Back Loan Scheme.

Page 7

 


ART OF FINANCIAL PLANNING LIMITED
 


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

10.


Transactions with directors

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023
2022
£
£
Balance outstanding at start of year

302,576

407,226
 
Amounts advanced

222,157

240,350
 
Amounts repaid

(216,560)

(345,000)
 
Balance outstanding at end of year
308,173

302,576
 

 
Page 8