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REGISTERED NUMBER: 12584528 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

NEIL SCOTT FINANCIAL PLANNING LIMITED

NEIL SCOTT FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12584528)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NEIL SCOTT FINANCIAL PLANNING LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







Director: MR N F M Scott





Registered office: 77 Marsham Road
Westhoughton
Bolton
BL5 2GX





Registered number: 12584528 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

NEIL SCOTT FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12584528)

Balance Sheet
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,906 38,984

CURRENT ASSETS
Debtors 5 - 1,009
Cash at bank 85,743 71,922
85,743 72,931
CREDITORS
Amounts falling due within one year 6 23,309 20,289
NET CURRENT ASSETS 62,434 52,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,340

91,626

PROVISIONS FOR LIABILITIES 7 7,977 9,746
NET ASSETS 86,363 81,880

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 86,361 81,878
SHAREHOLDERS' FUNDS 86,363 81,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 23 September 2024 and were signed by:





MR N F M Scott - Director


NEIL SCOTT FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12584528)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Neil Scott 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.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33.3% 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.

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 1 (2023 - 1 ) .

NEIL SCOTT FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 12584528)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 2,172 50,690 10,261 63,123
Additions 1,504 - 1,611 3,115
At 31 July 2024 3,676 50,690 11,872 66,238
DEPRECIATION
At 1 August 2023 622 20,411 3,106 24,139
Charge for year 485 6,056 3,652 10,193
At 31 July 2024 1,107 26,467 6,758 34,332
NET BOOK VALUE
At 31 July 2024 2,569 24,223 5,114 31,906
At 31 July 2023 1,550 30,279 7,155 38,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 1,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 21,863 18,779
Other creditors 1,446 1,510
23,309 20,289

7. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 7,977 9,746

Deferred
tax
£   
Balance at 1 August 2023 9,746
Provided during year (1,769 )
Balance at 31 July 2024 7,977

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary 1 1 1
1 Ordinary B 1 1 1
2 2