Company Registration No. 10976800 (England and Wales)
Sancus Retirement Planning Limited
Unaudited accounts
for the year ended 30 June 2023
Sancus Retirement Planning Limited
Unaudited accounts
Contents
Sancus Retirement Planning Limited
Company Information
for the year ended 30 June 2023
Director
Mr Robert MacKenzie
Company Number
10976800 (England and Wales)
Registered Office
Floor 8
71 Queen Victoria Street
London
EC4V 4AY
Accountants
Baker Accountancy Services
Windmill Farm Business Hub
Bowstridge Lane
Chalfont St. Giles
Bucks
HP8 4RG
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Sancus Retirement Planning Limited for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Sancus Retirement Planning Limited for the year ended
30 June 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Sancus Retirement Planning Limited, as a body, in accordance with the terms of our engagement letter dated 23 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of Sancus Retirement Planning Limited and state those matters that we have agreed to state to the Board of Directors of Sancus Retirement Planning Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sancus Retirement Planning Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sancus Retirement Planning Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sancus Retirement Planning Limited. You consider that Sancus Retirement Planning Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sancus Retirement Planning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Baker Accountancy Services
Chartered Accountants
Windmill Farm Business Hub
Bowstridge Lane
Chalfont St. Giles
Bucks
HP8 4RG
8 February 2024
Sancus Retirement Planning Limited
Statement of financial position
as at 30 June 2023
Tangible assets
104,819
52,635
Cash at bank and in hand
219,875
255,812
Creditors: amounts falling due within one year
(99,003)
(116,653)
Net current assets
133,259
147,985
Net assets
238,078
200,620
Called up share capital
12,000
12,000
Profit and loss account
226,078
188,620
Shareholders' funds
238,078
200,620
For the year ending 30 June 2023 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 director acknowledges his 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 and authorised for issue on 8 February 2024 and were signed on its behalf by
Mr Robert MacKenzie
Director
Company Registration No. 10976800
Sancus Retirement Planning Limited
Notes to the Accounts
for the year ended 30 June 2023
Sancus Retirement Planning Limited is a private company, limited by shares, registered in England and Wales, registration number 10976800. The registered office is Floor 8, 71 Queen Victoria Street , London , EC4V 4AY.
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.
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.
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:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
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.
Sancus Retirement Planning Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
1,030
47,500
22,665
12,644
83,839
Additions
-
63,700
5,500
4,208
73,408
At 30 June 2023
1,030
111,200
28,165
16,852
157,247
At 1 July 2022
816
16,822
7,121
6,445
31,204
Charge for the year
215
11,875
6,124
3,010
21,224
At 30 June 2023
1,031
28,697
13,245
9,455
52,428
At 30 June 2023
(1)
82,503
14,920
7,397
104,819
At 30 June 2022
214
30,678
15,544
6,199
52,635
Amounts falling due within one year
Accrued income and prepayments
12,699
6,438
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
44,525
57,889
Other creditors
50,106
50,012
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
During the year, the company made no further advances to Mr Robert MacKenzie who is a director of the company (2022 £2,388). The loan was repaid in full during the year.
Sancus Retirement Planning Limited
Notes to the Accounts
for the year ended 30 June 2023
8
Transactions with related parties
The Company has received a loan of £50,000 from the wife of the director and majority shareholder. Interest is payable on this loan at a rate of 5% and it is repayable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).