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REGISTERED NUMBER: 02547645 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Egan Roberts Financial Services Ltd

Egan Roberts Financial Services Ltd (Registered number: 02547645)






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


Egan Roberts Financial Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: K Roberts FCA FPC
S J Boswell
A W Jackson FCCA





SECRETARY: A W Jackson FCCA





REGISTERED OFFICE: Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ





REGISTERED NUMBER: 02547645 (England and Wales)





ACCOUNTANTS: Egan Roberts Limited
Accountants
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Egan Roberts Financial Services Ltd (Registered number: 02547645)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 48,000
Tangible assets 5 - -
- 48,000

CURRENT ASSETS
Debtors 6 25,706 18,343
Cash at bank 2,709 24,954
28,415 43,297
CREDITORS
Amounts falling due within one year 7 4,389 5,316
NET CURRENT ASSETS 24,026 37,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,026

85,981

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings (35,974 ) 25,981
SHAREHOLDERS' FUNDS 24,026 85,981

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.

Egan Roberts Financial Services Ltd (Registered number: 02547645)

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 6 September 2024 and were signed on its behalf by:





K Roberts FCA FPC - Director


Egan Roberts Financial Services Ltd (Registered number: 02547645)

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

1. STATUTORY INFORMATION

Egan Roberts Financial Services 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.

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.

Turnover
Turnover represents commissions received from financial services product providers.


Goodwill
The value of goodwill represents three times the renewal commission receivable as at December 1990 on acquisition of the business. The equivalent figure as at 31 December 2020 would be significantly in excess of this. No provision for the amortisation of goodwill has therefore been made in view of the current level of business.

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 - 15% 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.

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.

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.

Egan Roberts Financial Services Ltd (Registered number: 02547645)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 48,000
AMORTISATION
Impairments 48,000
At 31 December 2023 48,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 48,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 257
DEPRECIATION
At 1 January 2023
and 31 December 2023 257
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Fees and commission receivable - 14,604
Other debtors 21,890 -
Tax - 1,486
Prepayments 3,816 2,253
25,706 18,343

Egan Roberts Financial Services Ltd (Registered number: 02547645)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors - 927
Accrued expenses 4,389 4,389
4,389 5,316

8. CESSATION OF TRADE

During the year the business was transferred to an alternative provider and the company ceased to trade.