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REGISTERED NUMBER: 09566818 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FUTURE PLANNING WEALTH MANAGEMENT LTD

FUTURE PLANNING WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09566818)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUTURE PLANNING WEALTH MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTOR: S Badhan





REGISTERED OFFICE: 89 Commercial Road
Swindon
Wiltshire
SN1 5PD





REGISTERED NUMBER: 09566818 (England and Wales)





ACCOUNTANTS: S D Knee
Chartered Accountants
10 Bath Road
Old Town
Swindon
Wiltshire
SN1 4BA

FUTURE PLANNING WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09566818)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,480 28,793
Investments 5 18,951 18,054
132,431 46,847

CURRENT ASSETS
Debtors 6 168,915 186,864
Cash at bank 55,027 157,766
223,942 344,630
CREDITORS
Amounts falling due within one year 7 48,679 93,552
NET CURRENT ASSETS 175,263 251,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,694

297,925

CREDITORS
Amounts falling due after more than one
year

8

(108,515

)

(33,772

)

PROVISIONS FOR LIABILITIES (28,205 ) (5,582 )
NET ASSETS 170,974 258,571

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 170,874 258,471
170,974 258,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FUTURE PLANNING WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09566818)

BALANCE SHEET - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





S Badhan - Director


FUTURE PLANNING WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09566818)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Future Planning Wealth Management 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 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

Investments
Investments have been valued at Market Value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

FUTURE PLANNING WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09566818)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 84,282
Additions 123,889
Disposals (1,501 )
At 30 April 2024 206,670
DEPRECIATION
At 1 May 2023 55,489
Charge for year 39,202
Eliminated on disposal (1,501 )
At 30 April 2024 93,190
NET BOOK VALUE
At 30 April 2024 113,480
At 30 April 2023 28,793

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 18,054
Additions 3,328
Disposals (8,036 )
Revaluations 5,605
At 30 April 2024 18,951
NET BOOK VALUE
At 30 April 2024 18,951
At 30 April 2023 18,054

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 18,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,826 6,675
Other debtors 167,089 180,189
168,915 186,864

FUTURE PLANNING WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 09566818)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,580 5,580
Hire purchase contracts 11,768 9,936
Trade creditors - 412
Taxation and social security 6,124 36,223
Other creditors 25,207 41,401
48,679 93,552

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 28,216 33,772
Hire purchase contracts 80,299 -
108,515 33,772

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
S Badhan
Balance outstanding at start of year 8,717 (19,828 )
Amounts advanced 24,462 28,545
Amounts repaid (27,620 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,559 8,717

At the year end there was an intercompany loan of £160,735 (2023: £160,735) owed to the company by Badhan & Badhan Portfolio Ltd a company controlled by the director Mr S Badhan, no interest is charged on this loan. This loan is repayable on demand.