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REGISTERED NUMBER: 11698410 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Brooks Financial Planning Limited

Brooks Financial Planning Limited (Registered number: 11698410)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Brooks Financial Planning Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A P Brooks
C S Amy- Brooks
P A Brooks





REGISTERED OFFICE: Arghans House Greencourt
Threemilestone
Truro
Cornwall
TR4 9LF





REGISTERED NUMBER: 11698410 (England and Wales)

Brooks Financial Planning Limited (Registered number: 11698410)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,551,354 1,765,081
Tangible assets 5 259,475 118,369
Investments 6 95,661 145,658
1,906,490 2,029,108

CURRENT ASSETS
Debtors 248,174 238,342
Cash at bank 28,242 709,784
276,416 948,126
CREDITORS
Amounts falling due within one year 452,546 1,274,020
NET CURRENT LIABILITIES (176,130 ) (325,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,730,360

1,703,214

CREDITORS
Amounts falling due after more than one
year

(1,041,476

)

(1,062,093

)

PROVISIONS FOR LIABILITIES (4,613 ) (1,659 )
NET ASSETS 684,271 639,462

CAPITAL AND RESERVES
Called up share capital 303 300
Retained earnings 683,968 639,162
684,271 639,462

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.

Brooks Financial Planning Limited (Registered number: 11698410)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 September 2024 and were signed on its behalf by:





P A Brooks - Director


Brooks Financial Planning Limited (Registered number: 11698410)

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

1. STATUTORY INFORMATION

Brooks Financial Planning Limited 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Website - Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Brooks Financial Planning Limited (Registered number: 11698410)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 2,420,875
Additions 36,517
Disposals (11,495 )
At 31 December 2023 2,445,897
AMORTISATION
At 1 January 2023 655,794
Amortisation for year 241,978
Eliminated on disposal (3,229 )
At 31 December 2023 894,543
NET BOOK VALUE

At 31 December 2023 1,551,354
At 31 December 2022 1,765,081

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 218,581
Additions 202,639
Disposals (63,763 )
At 31 December 2023 357,457
DEPRECIATION
At 1 January 2023 100,212
Charge for year 32,514
Eliminated on disposal (34,744 )
At 31 December 2023 97,982
NET BOOK VALUE
At 31 December 2023 259,475
At 31 December 2022 118,369

Brooks Financial Planning Limited (Registered number: 11698410)

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

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 January 2023 145,658
Additions 7,117
Revaluations (57,114 )
At 31 December 2023 95,661
NET BOOK VALUE
At 31 December 2023 95,661
At 31 December 2022 145,658

Cost or valuation at 31 December 2023 is represented by:
Totals
£   
Valuation in 2023 69,549
Cost 26,112
95,661