Registered number
14145498
ST JULIEN FINANCIAL PLANNING LIMITED
Filleted Accounts
30 June 2024
ST JULIEN FINANCIAL PLANNING LIMITED
Registered number: 14145498
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 407,038 454,024
Tangible assets 4 1,007 465
408,045 454,489
Current assets
Debtors 5 3,600 8,542
Cash at bank and in hand 12,867 13,619
16,467 22,161
Creditors: amounts falling due within one year 6 (62,251) (10,168)
Net current (liabilities)/assets (45,784) 11,993
Total assets less current liabilities 362,261 466,482
Creditors: amounts falling due after more than one year 7 (358,948) (449,630)
Net assets 3,313 16,852
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,213 16,752
Shareholder's funds 3,313 16,852
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Williams
Director
Approved by the board on 25 August 2024
ST JULIEN FINANCIAL PLANNING LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 469,858
At 30 June 2024 469,858
Amortisation
At 1 July 2023 15,834
Provided during the year 46,986
At 30 June 2024 62,820
Net book value
At 30 June 2024 407,038
At 30 June 2023 454,024
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures, fittings, tools and equipment
£
Cost
At 1 July 2023 484
Additions 850
At 30 June 2024 1,334
Depreciation
At 1 July 2023 19
Charge for the year 308
At 30 June 2024 327
Net book value
At 30 June 2024 1,007
At 30 June 2023 465
5 Debtors 2024 2023
£ £
Trade debtors 3,599 7,755
Other debtors 1 787
3,600 8,542
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 45,341 -
Trade creditors 558 83
Taxation and social security costs 16,352 7,928
Other creditors - 2,157
62,251 10,168
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 358,948 449,630
8 Other information
ST JULIEN FINANCIAL PLANNING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Orchard Cottage
Woolborough Lane
Outwood
Redhill
RH1 5QR
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