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Registered number: 11703215
English Rose Financial Planning Ltd
Financial Statements
For The Year Ended 31 December 2023
Stubbs Parkin
55 Hoghton Street
Southport
Merseyside
PR9 0PG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11703215
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 17,000 20,400
Tangible Assets 5 753 -
17,753 20,400
CURRENT ASSETS
Debtors 6 38,101 27,496
Cash at bank and in hand 20,409 31,543
58,510 59,039
Creditors: Amounts Falling Due Within One Year 7 (16,258 ) (18,042 )
NET CURRENT ASSETS (LIABILITIES) 42,252 40,997
TOTAL ASSETS LESS CURRENT LIABILITIES 60,005 61,397
Creditors: Amounts Falling Due After More Than One Year 8 (8,749 ) (13,075 )
NET ASSETS 51,256 48,322
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 51,156 48,222
SHAREHOLDERS' FUNDS 51,256 48,322
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs A J Kirby
Director
30th July 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
English Rose Financial Planning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11703215 . The registered office is 30 New Street, Eccleston, Lancashire, PR7 5TW. The financial statements are presented in the company's presentation currency of GBP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 year straight line
2.5. Taxation
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2022: 4)
5 4
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 34,000
As at 31 December 2023 34,000
Amortisation
As at 1 January 2023 13,600
Provided during the period 3,400
As at 31 December 2023 17,000
Net Book Value
As at 31 December 2023 17,000
As at 1 January 2023 20,400
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2023 -
Additions 1,129
As at 31 December 2023 1,129
Depreciation
As at 1 January 2023 -
Provided during the period 376
As at 31 December 2023 376
Net Book Value
As at 31 December 2023 753
As at 1 January 2023 -
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 38,101 27,496
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,169 91
Bank loans and overdrafts 4,800 4,800
Other creditors - 11
Taxation and social security 9,289 13,140
16,258 18,042
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 8,749 13,075
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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