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REGISTERED NUMBER: 09981611 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sapphire Financial Planning Ltd

Sapphire Financial Planning Ltd (Registered number: 09981611)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Sapphire Financial Planning Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A D Bland
Mrs N M L Bland





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 09981611 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Sapphire Financial Planning Ltd (Registered number: 09981611)

Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,642,032 1,017,031
Tangible assets 5 8,200 8,809
1,650,232 1,025,840

CURRENT ASSETS
Debtors 6 138,448 126,177
Cash at bank 4,242 21,907
142,690 148,084
CREDITORS
Amounts falling due within one year 7 359,992 179,389
NET CURRENT LIABILITIES (217,302 ) (31,305 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,432,930

994,535

CREDITORS
Amounts falling due after more than one
year

8

1,368,362

908,194
NET ASSETS 64,568 86,341

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,468 86,241
SHAREHOLDERS' FUNDS 64,568 86,341

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

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

Sapphire Financial Planning Ltd (Registered number: 09981611)

Balance Sheet - continued
31 December 2023


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 14 August 2024 and were signed on its behalf by:





A D Bland - Director


Sapphire Financial Planning Ltd (Registered number: 09981611)

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

1. STATUTORY INFORMATION

Sapphire 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest £.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

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 and in 2022, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Fixtures and fittings - 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.


Sapphire Financial Planning Ltd (Registered number: 09981611)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 1,593,223
Additions 818,424
At 31 December 2023 2,411,647
AMORTISATION
At 1 January 2023 576,192
Charge for year 193,423
At 31 December 2023 769,615
NET BOOK VALUE
At 31 December 2023 1,642,032
At 31 December 2022 1,017,031

Sapphire Financial Planning Ltd (Registered number: 09981611)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 18,223 4,217 22,440
Additions 1,662 - 1,662
At 31 December 2023 19,885 4,217 24,102
DEPRECIATION
At 1 January 2023 10,415 3,216 13,631
Charge for year 2,021 250 2,271
At 31 December 2023 12,436 3,466 15,902
NET BOOK VALUE
At 31 December 2023 7,449 751 8,200
At 31 December 2022 7,808 1,001 8,809

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Other debtors 138,448 126,177

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Bank loans and overdrafts 134,913 60,882
Trade creditors 3 1
Taxation and social security 100,643 71,578
Other creditors 124,433 46,928
359,992 179,389

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
as restated
£    £   
Bank loans 614,781 848,323
Other creditors 753,581 59,871
1,368,362 908,194

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 92,519 617,578

Sapphire Financial Planning Ltd (Registered number: 09981611)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
as restated
£    £   
A D Bland and Mrs N M L Bland
Balance outstanding at start of year (7,471 ) 17,299
Amounts advanced 148,549 123,595
Amounts repaid (141,536 ) (148,365 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (458 ) (7,471 )

At the year end the company owed the directors £458 (2022: £7,471).

Sapphire Financial Planning Ltd

Report of the Accountants to the Directors of
Sapphire 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................