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REGISTERED NUMBER: SC410292 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Focus Financial Advisory Ltd

Focus Financial Advisory Ltd (Registered number: SC410292)






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


Focus Financial Advisory Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr N R Shelton
Mr J Hannah





REGISTERED OFFICE: 42 Queens Road
Aberdeen
AB15 4YE





REGISTERED NUMBER: SC410292 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Focus Financial Advisory Ltd (Registered number: SC410292)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 8,968
Tangible assets 5 1,495 796
Investments 6 153,124 140,168
154,619 149,932

CURRENT ASSETS
Debtors 7 49,614 47,022
Cash at bank 170,216 119,187
219,830 166,209
CREDITORS
Amounts falling due within one year 8 46,743 32,503
NET CURRENT ASSETS 173,087 133,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,706

283,638

PROVISIONS FOR LIABILITIES 377 -
NET ASSETS 327,329 283,638

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Revaluation reserve 9 89 (6,443 )
Retained earnings 325,240 288,081
327,329 283,638

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.

Focus Financial Advisory Ltd (Registered number: SC410292)

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 22 August 2024 and were signed on its behalf by:





Mr N R Shelton - Director


Focus Financial Advisory Ltd (Registered number: SC410292)

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

1. STATUTORY INFORMATION

Focus Financial Advisory Ltd is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

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 2015, 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.
Fixtures and fittings - 20% 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.

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 ) .

Focus Financial Advisory Ltd (Registered number: SC410292)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 89,696
AMORTISATION
At 1 April 2023 80,728
Charge for year 8,968
At 31 March 2024 89,696
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 8,968

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 1,009 5,706 6,715
Additions 1,105 - 1,105
At 31 March 2024 2,114 5,706 7,820
DEPRECIATION
At 1 April 2023 647 5,272 5,919
Charge for year 293 113 406
At 31 March 2024 940 5,385 6,325
NET BOOK VALUE
At 31 March 2024 1,174 321 1,495
At 31 March 2023 362 434 796

Focus Financial Advisory Ltd (Registered number: SC410292)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 140,168
Additions 24,953
Disposals (18,474 )
Revaluations 6,477
At 31 March 2024 153,124
NET BOOK VALUE
At 31 March 2024 153,124
At 31 March 2023 140,168

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2021 144
Valuation in 2022 920
Valuation in 2023 (7,507 )
Valuation in 2024 6,565
Cost 153,002
153,124

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts recoverable on contract 48,509 41,724
Other debtors 1,105 5,298
49,614 47,022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 29,417 14,745
Other creditors 17,326 17,758
46,743 32,503

Focus Financial Advisory Ltd (Registered number: SC410292)

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

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 (6,443 )
Revaluation 6,532

At 31 March 2024 89

10. 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:

31.3.24 31.3.23
£    £   
Mr N R Shelton
Balance outstanding at start of year (11,150 ) (13,940 )
Amounts advanced 376 6,120
Amounts repaid (3,330 ) (3,330 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,104 ) (11,150 )