IRIS Accounts Production v24.1.9.2 SC678392 Board of Directors Board of Directors 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6783922022-10-31SC6783922023-10-31SC6783922022-11-012023-10-31SC6783922021-10-31SC6783922021-11-012022-10-31SC6783922022-10-31SC678392ns15:Scotland2022-11-012023-10-31SC678392ns14:PoundSterling2022-11-012023-10-31SC678392ns10:Director12022-11-012023-10-31SC678392ns10:Director22022-11-012023-10-31SC678392ns10:PrivateLimitedCompanyLtd2022-11-012023-10-31SC678392ns10:SmallEntities2022-11-012023-10-31SC678392ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-31SC678392ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-31SC678392ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-31SC678392ns10:FullAccounts2022-11-012023-10-31SC678392ns5:CurrentFinancialInstruments2023-10-31SC678392ns5:CurrentFinancialInstruments2022-10-31SC678392ns5:ShareCapital2023-10-31SC678392ns5:ShareCapital2022-10-31SC678392ns5:RetainedEarningsAccumulatedLosses2023-10-31SC678392ns5:RetainedEarningsAccumulatedLosses2022-10-31SC678392ns5:PlantMachinery2022-11-012023-10-31SC678392ns5:PlantMachinery2022-10-31SC678392ns5:PlantMachinery2023-10-31SC678392ns5:PlantMachinery2022-10-31SC678392ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-31SC678392ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: SC678392 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

A&G Financial Planning Limited

A&G Financial Planning Limited (Registered number: SC678392)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


A&G Financial Planning Limited (Registered number: SC678392)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,706 2,639

CURRENT ASSETS
Debtors 5 38,615 31,358
Cash at bank 178,498 88,709
217,113 120,067
CREDITORS
Amounts falling due within one year 6 (71,611 ) (73,610 )
NET CURRENT ASSETS 145,502 46,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,208

49,096

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 147,207 49,095
147,208 49,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 17 July 2024 and were signed on its behalf by:



D A L Stewart - Director



Mr G Stewart - Director


A&G Financial Planning Limited (Registered number: SC678392)

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

1. STATUTORY INFORMATION

A & G Financial Planning Limited is a private company, limited by shares, domiciled in Scotland, registration number SC678392. The registered office is 39 Castleton Crescent, Falkirk, Scotland, FK2 8BG.

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 represents the value of all financial services delivered during the year, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
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

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

A&G Financial Planning Limited (Registered number: SC678392)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 3,738
DEPRECIATION
At 1 November 2022 1,099
Charge for year 933
At 31 October 2023 2,032
NET BOOK VALUE
At 31 October 2023 1,706
At 31 October 2022 2,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 38,615 31,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 56,258 37,301
Other creditors 15,353 36,309
71,611 73,610