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REGISTERED NUMBER: NI617286 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Anderson Wealth Planning Ltd.

Anderson Wealth Planning Ltd. (Registered number: NI617286)






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


Anderson Wealth Planning Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J C V Eccles
Mrs C Anderson





SECRETARY:





REGISTERED OFFICE: Guardian Chartered Accountants
2 William Street
Newtownards
Co. Down
BT23 4AH





REGISTERED NUMBER: NI617286 (Northern Ireland)





ACCOUNTANTS: Shaw & Co
3 Colegate
Norwich
Norfolk
NR3 1BN

Anderson Wealth Planning Ltd. (Registered number: NI617286)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,514,457 1,629,754
Tangible assets 5 37,529 47,171
1,551,986 1,676,925

CURRENT ASSETS
Debtors 6 5,000 20,000
Cash at bank 83,062 95,387
88,062 115,387
CREDITORS
Amounts falling due within one year 7 276,206 124,121
NET CURRENT LIABILITIES (188,144 ) (8,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,363,842

1,668,191

CREDITORS
Amounts falling due after more than
one year

8

(512,460

)

(923,632

)

PROVISIONS FOR LIABILITIES (9,382 ) -
NET ASSETS 842,000 744,559

Anderson Wealth Planning Ltd. (Registered number: NI617286)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 841,900 744,459
842,000 744,559

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.

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 29 August 2024 and were signed on its behalf by:





Mrs C Anderson - Director


Anderson Wealth Planning Ltd. (Registered number: NI617286)

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

1. STATUTORY INFORMATION

Anderson Wealth Planning Ltd. is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings - 25% reducing balance
Motor vehicles - 20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.


Anderson Wealth Planning Ltd. (Registered number: NI617286)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,305,949
AMORTISATION
At 1 April 2023 676,195
Charge for year 115,297
At 31 March 2024 791,492
NET BOOK VALUE
At 31 March 2024 1,514,457
At 31 March 2023 1,629,754

Anderson Wealth Planning Ltd. (Registered number: NI617286)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 62,955
DEPRECIATION
At 1 April 2023 15,784
Charge for year 9,642
At 31 March 2024 25,426
NET BOOK VALUE
At 31 March 2024 37,529
At 31 March 2023 47,171

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 5,000 20,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 142,054 -
Trade creditors - 3,809
Taxation and social security 132,350 120,312
Other creditors 1,802 -
276,206 124,121

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 512,460 923,632