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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
Page
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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
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Perrins Financial Planning Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
539 
49 
Investments
1,613 
1,613 
2,152 
1,662 
Current assets
Debtors
31,031 
28,942 
Cash at bank and in hand
150,534 
115,588 
181,565 
144,530 
Creditors: amounts falling due within one year
(32,966)
(25,501)
Net current assets
148,599 
119,029 
Net assets
150,751 
120,691 
Capital and reserves
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
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Perrins Financial Planning Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
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.
Pension costs
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.
FSA Number 224386
The company's FSA number is 224386
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Perrins Financial Planning Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
272,000 
At 31 March 2024
272,000 
Amortisation
At 1 April 2023
272,000 
At 31 March 2024
272,000 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
60,107 
Additions
810 
At 31 March 2024
60,917 
Depreciation
At 1 April 2023
60,058 
Charge for the year
320 
At 31 March 2024
60,378 
Net book value
At 31 March 2024
539 
At 31 March 2023
49 
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
1,613 
Valuation at 31 March 2024
1,613 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,111 
- 
Accrued income and prepayments
5,413 
8,294 
Other debtors
21,507 
20,648 
31,031 
28,942 
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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 
Accruals
1,007 
1,211 
32,966 
25,501 
9
Share capital
2024 
2023 
£ 
£ 
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 
76 
76 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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