Company Registration No. 04109170 (England and Wales)
Perrins Financial Planning Limited
Unaudited accounts
for the year ended 31 March 2024
Perrins Financial Planning Limited
Unaudited accounts
Contents
Perrins Financial Planning Limited
Company Information
for the year ended 31 March 2024
Directors
Katherine Baines
Janet Farrar
Company Number
04109170 (England and Wales)
Registered Office
C/O SWIFT ACCOUNTING GROUND FLOOR
THE CUSTOM HOUSE, THE STRAND
BARNSTAPLE
DEVON
EX31 1EU
ENGLAND
Accountants
Swift Accounting & Bookkeeping Services Ltd
Ground Floor, The Custom House
The Strand
Barnstaple
Devon
EX31 1EU
Perrins Financial Planning Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
150,534
115,588
Creditors: amounts falling due within one year
(32,966)
(25,501)
Net current assets
148,599
119,029
Net assets
150,751
120,691
Called up share capital
76
76
Profit and loss account
150,675
120,615
Shareholders' funds
150,751
120,691
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by
Katherine Baines
Director
Company Registration No. 04109170
Perrins Financial Planning Limited
Notes to the Accounts
for the year ended 31 March 2024
Perrins Financial Planning Limited is a private company, limited by shares, registered in England and Wales, registration number 04109170. The registered office is C/O SWIFT ACCOUNTING GROUND FLOOR, THE CUSTOM HOUSE, THE STRAND, BARNSTAPLE, DEVON, EX31 1EU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost and 25% on reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company's FSA number is 224386
Perrins Financial Planning Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
6
Investments
Other investments
Valuation at 1 April 2023
1,613
Valuation at 31 March 2024
1,613
Amounts falling due within one year
Accrued income and prepayments
5,413
8,294
Other debtors
21,507
20,648
Perrins Financial Planning Limited
Notes to the Accounts
for the year ended 31 March 2024
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
31,959
24,290
Allotted, called up and fully paid:
50 Ordinary shares Class A of £1 each
50
50
25 Ordinary shares Class B of £1 each
25
25
1 Ordinary shares Class C of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).