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REGISTERED NUMBER: 07944805 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Cranwell James Financial Planning Ltd

Cranwell James Financial Planning Ltd (Registered number: 07944805)






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


Cranwell James Financial Planning Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J E O'Reilly
T P Larkin





SECRETARY: PHA Secretarial Services Ltd





REGISTERED OFFICE: Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF





REGISTERED NUMBER: 07944805 (England and Wales)





ACCOUNTANTS: Brian Gumbley Accountancy Services Ltd
Corner House
28 Huddersfield Road
Newhey
Rochdale
Lancashire
OL16 3QF

Cranwell James Financial Planning Ltd (Registered number: 07944805)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,174 21
Investments 5 113,029 113,029
114,203 113,050

CURRENT ASSETS
Cash at bank and in hand 113,359 130,625

CREDITORS
Amounts falling due within one year 6 58,539 59,978
NET CURRENT ASSETS 54,820 70,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,023

183,697

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 168,823 183,497
SHAREHOLDERS' FUNDS 169,023 183,697

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 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.

Cranwell James Financial Planning Ltd (Registered number: 07944805)

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 Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by:





T P Larkin - Director


Cranwell James Financial Planning Ltd (Registered number: 07944805)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cranwell James 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
Turnover 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Cranwell James Financial Planning Ltd (Registered number: 07944805)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 384 2,249 2,633
Additions 1,544 - 1,544
At 31 March 2024 1,928 2,249 4,177
DEPRECIATION
At 1 April 2023 363 2,249 2,612
Charge for year 391 - 391
At 31 March 2024 754 2,249 3,003
NET BOOK VALUE
At 31 March 2024 1,174 - 1,174
At 31 March 2023 21 - 21

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 113,029
NET BOOK VALUE
At 31 March 2024 113,029
At 31 March 2023 113,029

Cranwell James Financial Planning Ltd (Registered number: 07944805)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,054 14,167
Trade creditors 1 1
Tax 51,605 43,931
Directors' current accounts 4 4
Accrued expenses 1,875 1,875
58,539 59,978