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REGISTERED NUMBER: 12103600 (England and Wales)















COASTAL FINANCIAL PLANNING LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






COASTAL FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12103600)

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


COASTAL FINANCIAL PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S J Robinson
A G Chandler





REGISTERED OFFICE: Gibson House
Hurricane Court
Hurricane Close
Stafford
Staffordshire
ST16 1GZ





REGISTERED NUMBER: 12103600 (England and Wales)

COASTAL FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12103600)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,778 34,429

CURRENT ASSETS
Debtors 5 79,896 90,636
Cash at bank and in hand 104,430 72,998
184,326 163,634
CREDITORS
Amounts falling due within one year 6 (74,113 ) (51,357 )
NET CURRENT ASSETS 110,213 112,277
TOTAL ASSETS LESS CURRENT LIABILITIES 137,991 146,706

PROVISIONS FOR LIABILITIES (6,729 ) (8,344 )
NET ASSETS 131,262 138,362

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 130,962 138,062
SHAREHOLDERS' FUNDS 131,262 138,362

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.

COASTAL FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12103600)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:




A G Chandler - Director



S J Robinson - Director


COASTAL FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12103600)

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


1. STATUTORY INFORMATION

Coastal Financial Planning Limited 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of financial advice and related services is recognised by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


COASTAL FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12103600)

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


2. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 22,129 48,525 70,654
Additions - 862 862
At 31 March 2024 22,129 49,387 71,516
DEPRECIATION
At 1 April 2023 8,039 28,186 36,225
Charge for year 2,213 5,300 7,513
At 31 March 2024 10,252 33,486 43,738
NET BOOK VALUE
At 31 March 2024 11,877 15,901 27,778
At 31 March 2023 14,090 20,339 34,429

COASTAL FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12103600)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,003 71,656
Other debtors 5,318 5,562
Directors' loan accounts 1,093 508
Prepayments and accrued income 12,482 12,910
79,896 90,636

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 69,373 45,301
Other creditors 999 1,537
Directors' current accounts 1,581 2,389
Accruals and deferred income 2,160 2,130
74,113 51,357

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 A Ordinary £1 150 150
150 B Ordinary £1 150 150
300 300

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
A G Chandler
Balance outstanding at start of year 508 268
Amounts advanced 1,906 1,906
Amounts repaid (1,321 ) (1,666 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,093 508

The loan has been provided interest free and is repayable on demand.

COASTAL FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12103600)

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


9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £64,908 (2023 £103,678).