Company Registration No. 09378518 (England and Wales)
Platinum Financial Planning & Ifa Limited
Unaudited accounts
for the year ended 31 March 2024
Platinum Financial Planning & Ifa Limited
Unaudited accounts
Contents
Platinum Financial Planning & Ifa Limited
Company Information
for the year ended 31 March 2024
Company Number
09378518 (England and Wales)
Registered Office
2-4 Stoneleigh Park Road
Epsom
Surrey
KT19 0QT
United Kingdom
Accountants
Sloane Winckless & Co
Chartered Accountants
2-4 Stoneleigh Park Road
Epsom
Surrey
KT19 0QT
Platinum Financial Planning & Ifa Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
38,692
134,025
Net current assets
130,122
135,457
Total assets less current liabilities
130,554
136,033
Creditors: amounts falling due after more than one year
(18,230)
(27,076)
Provisions for liabilities
Net assets
112,238
108,842
Called up share capital
30,000
30,000
Profit and loss account
82,238
78,842
Shareholders' funds
112,238
108,842
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 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 27 April 2024 and were signed on its behalf by
D A Homatenos
Director
Company Registration No. 09378518
Platinum Financial Planning & Ifa Limited
Notes to the Accounts
for the year ended 31 March 2024
Platinum Financial Planning & Ifa Limited is a private company, limited by shares, registered in England and Wales, registration number 09378518. The registered office is 2-4 Stoneleigh Park Road, , Epsom, Surrey, KT19 0QT, United Kingdom.
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.
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Depreciation is calculated using the rates to reduce by annual instalments the cost of the tangible assets over their estimated useful lives as follows:-
Fixtures & fittings
25% per annum on a reducing balance basis
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
Platinum Financial Planning & Ifa Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Other debtors
91,430
1,432
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
9,666
14,377
Taxes and social security
8,564
12,699
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Transactions with related parties
Mr. D.A. Homatenos, the director of the company, owns 100% of the issued share capital.
At the balance sheet date, Mr. Homatenos was owed £1,040 (2023 - £780) by the company.
Dividends were paid during the year:-
D.A. Homatenos - £33,000 (2023 - £44,000)
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).