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REGISTERED NUMBER: 07242081 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

James Miller Financial Planning Limited

James Miller Financial Planning Limited (Registered number: 07242081)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


James Miller Financial Planning Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: J S Miller





SECRETARY: J Miller





REGISTERED OFFICE: The Gallery Barn Riverside
Perranarworthal
TRURO
TR3 7NY





REGISTERED NUMBER: 07242081 (England and Wales)





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

James Miller Financial Planning Limited (Registered number: 07242081)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 278,936 287,632
Investments 5 101,741 85,641
380,677 373,273

CURRENT ASSETS
Debtors 6 298,160 15,925
Cash at bank 391,385 170,709
689,545 186,634
CREDITORS
Amounts falling due within one year 7 74,575 41,412
NET CURRENT ASSETS 614,970 145,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

995,647

518,495

CREDITORS
Amounts falling due after more than
one year

8

(189,075

)

(195,163

)

PROVISIONS FOR LIABILITIES - (1,448 )
NET ASSETS 806,572 321,884

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 806,462 321,774
806,572 321,884

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

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

James Miller Financial Planning Limited (Registered number: 07242081)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





J S Miller - Director


James Miller Financial Planning Limited (Registered number: 07242081)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

James Miller 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.

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.
Plant and machinery etc - 25% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

James Miller Financial Planning Limited (Registered number: 07242081)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 307,707 29,801 337,508
Additions - 945 945
At 31 May 2023 307,707 30,746 338,453
DEPRECIATION
At 1 June 2022 27,700 22,176 49,876
Charge for year 5,954 3,687 9,641
At 31 May 2023 33,654 25,863 59,517
NET BOOK VALUE
At 31 May 2023 274,053 4,883 278,936
At 31 May 2022 280,007 7,625 287,632

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 June 2022 77,641 8,000 85,641
Additions - 16,100 16,100
At 31 May 2023 77,641 24,100 101,741
NET BOOK VALUE
At 31 May 2023 77,641 24,100 101,741
At 31 May 2022 77,641 8,000 85,641

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 298,160 15,925

Within other debtors is an amount of £292,893 owed by J S Miller who is a director and shareholder in the company. This amount was repaid in full on 22 February 2024.

James Miller Financial Planning Limited (Registered number: 07242081)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,198 12,198
Taxation and social security 56,697 23,779
Other creditors 5,680 5,435
74,575 41,412

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 189,075 195,163

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 189,075 195,163

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 201,273 207,361

The bank loan is secured against the company's freehold property.

10. DIRECTOR'S ADVANCES

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

2023 2022
£    £   
J S Miller
Balance outstanding at start of year - -
Amounts advanced 292,893 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 292,893 -

The amount owed by the director was repaid on 22 February 2024.