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REGISTERED NUMBER: 11225294 (England and Wales)







Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Scottsbridge Financial Planning Ltd

Scottsbridge Financial Planning Ltd (Registered number: 11225294)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Scottsbridge Financial Planning Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Mrs S L Arnold
Mr S M Arnold





SECRETARY: Mrs S L Arnold





REGISTERED OFFICE: 140 Plummers Hill
Bristol
BS5 7JJ





REGISTERED NUMBER: 11225294 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Scottsbridge Financial Planning Ltd (Registered number: 11225294)

Balance Sheet
28 February 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,327 1,963
3,327 1,963

CURRENT ASSETS
Debtors 6 - 8,957
Prepayments and accrued income 67 62
Cash at bank 32,347 31,432
32,414 40,451
CREDITORS
Amounts falling due within one year 7 11,156 12,605
NET CURRENT ASSETS 21,258 27,846
TOTAL ASSETS LESS CURRENT LIABILITIES 24,585 29,809

CREDITORS
Amounts falling due after more than one year 8 (5,645 ) (6,721 )

PROVISIONS FOR LIABILITIES (632 ) (388 )
NET ASSETS 18,308 22,700

CAPITAL AND RESERVES
Called up share capital 9 4,000 4,000
Retained earnings 10 14,308 18,700
SHAREHOLDERS' FUNDS 18,308 22,700

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Scottsbridge Financial Planning Ltd (Registered number: 11225294)

Balance Sheet - continued
28 February 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 31 July 2024 and were signed on its behalf by:





Mr S M Arnold - Director


Scottsbridge Financial Planning Ltd (Registered number: 11225294)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Scottsbridge 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 4 years
Fixtures and fittings - Straight line over 4 years
Computer equipment - Straight line over 4 years

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.

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 ) .

Scottsbridge Financial Planning Ltd (Registered number: 11225294)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 28 February 2024 31,084
AMORTISATION
At 1 March 2023
and 28 February 2024 31,084
NET BOOK VALUE
At 28 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023 1,800 - 634 2,434
Additions - 350 1,920 2,270
At 28 February 2024 1,800 350 2,554 4,704
DEPRECIATION
At 1 March 2023 234 - 237 471
Charge for year 450 58 398 906
At 28 February 2024 684 58 635 1,377
NET BOOK VALUE
At 28 February 2024 1,116 292 1,919 3,327
At 28 February 2023 1,566 - 397 1,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Other debtors - 8,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,075 1,075
Tax 5,478 7,568
Social security and other taxes 940 522
Other creditors 24 -
Directors' current accounts 1,838 2,722
Accruals and deferred income 1,801 718
11,156 12,605

Scottsbridge Financial Planning Ltd (Registered number: 11225294)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.24 28.2.23
£    £   
Bank loans - 1-2 years 1,075 1,075
Bank loans - 2-5 years 3,226 3,226
Bank loans more 5 yr by instal 1,344 2,420
5,645 6,721

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,344 2,420

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
4,000 Ordinary £1 4,000 4,000

10. RESERVES
Retained
earnings
£   

At 1 March 2023 18,700
Profit for the year 24,308
Dividends (28,700 )
At 28 February 2024 14,308

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Scottsbridge Financial Planning Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Scottsbridge Financial Planning Ltd for the year ended 28 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Scottsbridge Financial Planning Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Scottsbridge Financial Planning Ltd and state those matters that we have agreed to state to the Board of Directors of Scottsbridge Financial Planning Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Scottsbridge Financial Planning Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Scottsbridge Financial Planning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Scottsbridge Financial Planning Ltd. You consider that Scottsbridge Financial Planning Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Scottsbridge Financial Planning Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY


31 July 2024