1 January 2023 v2024.42.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC4704132023-01-012023-12-31SC4704132023-12-31SC4704132022-12-31SC470413core:WithinOneYear2023-12-31SC470413core:WithinOneYear2022-12-31SC470413core:ShareCapital2023-12-31SC470413core:ShareCapital2022-12-31SC470413core:RetainedEarningsAccumulatedLosses2023-12-31SC470413core:RetainedEarningsAccumulatedLosses2022-12-31SC470413bus:Director12023-01-012023-12-31SC470413bus:RegisteredOffice2023-01-012023-12-31SC470413core:OfficeEquipment2023-01-012023-12-31SC4704132022-01-012022-12-31SC470413core:PlantMachinery2023-01-012023-12-31SC470413core:PlantMachinery2023-12-31SC47041312023-01-012023-12-31SC470413countries:Scotland2023-01-012023-12-31SC470413bus:AuditExemptWithAccountantsReport2023-01-012023-12-31SC470413bus:PrivateLimitedCompanyLtd2023-01-012023-12-31SC470413bus:SmallEntities2023-01-012023-12-31SC470413bus:FullAccounts2023-01-012023-12-31
Company registration number:
SC470413
Castlebank Financial Planning Ltd
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Castlebank Financial Planning Ltd
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Tangible assets 5
389
  -  
Current assets    
Debtors 6
503
  -  
Cash at bank and in hand
87,925
 
91,693
 
88,428
 
91,693
 
Creditors: amounts falling due within one year 7
(28,076
)
(32,971
)
Net current assets
60,352
 
58,722
 
Total assets less current liabilities 60,741   58,722  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
60,641
 
58,622
 
Shareholders funds
60,741
 
58,722
 
For the year ending
31 December 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 September 2024
, and are signed on behalf of the board by:
D Jack
Director
Company registration number:
SC470413
Castlebank Financial Planning Ltd
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
20/23 Woodside Place
,
Glasgow
,
G3 7QL
, Scotland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
15% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2023
-  
Additions
457
 
At
31 December 2023
457
 
Depreciation  
At
1 January 2023
-  
Charge
68
 
At
31 December 2023
68
 
Carrying amount  
At
31 December 2023
389
 
At 31 December 2022 -  

6 Debtors

20232022
££
Other debtors
503
  -  

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
8,799
 
14,449
 
Other creditors
19,277
 
18,522
 
28,076
 
32,971