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REGISTERED NUMBER: 06247554 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Concept Financial Planning Ltd

Concept Financial Planning Ltd (Registered number: 06247554)






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


Concept Financial Planning Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: P S Richardson
Mrs F Richardson





REGISTERED OFFICE: The Coach House
1 Howard Road
Reigate
Surrey
RH2 7JE





REGISTERED NUMBER: 06247554 (England and Wales)





ACCOUNTANTS: ACL & Co
Chartered Certified Accountants
The Coach House
1 Howard Road
Reigate
RH2 7JE

Concept Financial Planning Ltd (Registered number: 06247554)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,599 10,864

CURRENT ASSETS
Debtors 5 74,077 99,241
Cash at bank and in hand 123,861 146,041
197,938 245,282
CREDITORS
Amounts falling due within one year 6 24,761 34,924
NET CURRENT ASSETS 173,177 210,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,776

221,222

CREDITORS
Amounts falling due after more than
one year

7

29,179

39,185
NET ASSETS 154,597 182,037

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 49,900 49,900
Retained earnings 104,397 131,837
SHAREHOLDERS' FUNDS 154,597 182,037

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 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.

Concept Financial Planning Ltd (Registered number: 06247554)

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 Board of Directors and authorised for issue on 10 January 2024 and were signed on its behalf by:





P S Richardson - Director


Concept Financial Planning Ltd (Registered number: 06247554)

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

1. STATUTORY INFORMATION

Concept Financial Planning 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.
Plant and machinery etc - 25% on reducing balance

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 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 53,223
Additions 3,268
At 31 May 2023 56,491
DEPRECIATION
At 1 June 2022 42,359
Charge for year 3,533
At 31 May 2023 45,892
NET BOOK VALUE
At 31 May 2023 10,599
At 31 May 2022 10,864

Concept Financial Planning Ltd (Registered number: 06247554)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 500 -
Other debtors 29,972 3,776
Prepayments and accrued income 40,401 93,677
Prepayments 3,204 1,788
74,077 99,241

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 1,666 -
Tax 14,776 22,077
Social security and other taxes - 167
Other creditors 5,051 4,340
Directors' current accounts 1,000 6,180
Accrued expenses 2,268 2,160
24,761 34,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 29,179 39,185