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REGISTERED NUMBER: 12972513 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHRISTOPHER LLOYD FINANCIAL PLANNING LTD

CHRISTOPHER LLOYD FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12972513)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRISTOPHER LLOYD FINANCIAL PLANNING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr C J Lloyd





REGISTERED OFFICE: Suite 4, East Barton Barns,
East Barton Road,
Great Barton,
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 12972513 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

CHRISTOPHER LLOYD FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12972513)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,047 4,259

CURRENT ASSETS
Debtors 5 20,672 45,579
Cash at bank 87,696 38,758
108,368 84,337
CREDITORS
Amounts falling due within one year 6 48,276 47,277
NET CURRENT ASSETS 60,092 37,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,139

41,319

CREDITORS
Amounts falling due after more than one
year

7

(27,211

)

-

PROVISIONS FOR LIABILITIES (11,098 ) (1,017 )
NET ASSETS 68,830 40,302

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,730 40,202
68,830 40,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CHRISTOPHER LLOYD FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12972513)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 29 July 2024 and were signed by:





Mr C J Lloyd - Director


CHRISTOPHER LLOYD FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12972513)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Christopher Lloyd 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
Income 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicle - 25% on reducing balance
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

CHRISTOPHER LLOYD FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12972513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor Office
vehicle equipment Totals
£    £    £   
COST
At 1 April 2023 - 6,540 6,540
Additions 57,624 2,387 60,011
Disposals - (2,374 ) (2,374 )
At 31 March 2024 57,624 6,553 64,177
DEPRECIATION
At 1 April 2023 - 2,281 2,281
Charge for year 14,406 1,276 15,682
Eliminated on disposal - (833 ) (833 )
At 31 March 2024 14,406 2,724 17,130
NET BOOK VALUE
At 31 March 2024 43,218 3,829 47,047
At 31 March 2023 - 4,259 4,259

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicle
£   
COST
Additions 57,225
At 31 March 2024 57,225
DEPRECIATION
Charge for year 14,306
At 31 March 2024 14,306
NET BOOK VALUE
At 31 March 2024 42,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,042 45,379
Director's current account 630 -
Prepayments - 200
20,672 45,579

CHRISTOPHER LLOYD FINANCIAL PLANNING LTD (REGISTERED NUMBER: 12972513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 9,678 -
Trade creditors 4,167 6,605
Corporation tax 32,213 27,300
Social security and other taxes 190 -
Director's current account - 189
Accrued expenses 2,028 13,183
48,276 47,277

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 27,211 -

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Mr C J Lloyd
Balance outstanding at start of year (189 ) (57 )
Amounts advanced 1,131 180
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 630 (189 )

The director's loan was fully repaid on 24th July 2024.