Company Registration No. SC457259 (Scotland)
Simple Financial Planning Ltd
Unaudited accounts
for the year ended 31 August 2024
Simple Financial Planning Ltd
Unaudited accounts
Contents
Simple Financial Planning Ltd
Company Information
for the year ended 31 August 2024
Company Number
SC457259 (Scotland)
Registered Office
Red Tree Business Suites (Suite 1.17)
33 Dalmarnock Road
Glasgow
G40 4LA
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Simple Financial Planning Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
53,581
56,515
Cash at bank and in hand
113,999
76,517
Creditors: amounts falling due within one year
(79,153)
(80,873)
Net current assets
83,739
47,730
Total assets less current liabilities
137,320
104,245
Creditors: amounts falling due after more than one year
(49,822)
(69,496)
Provisions for liabilities
Deferred tax
(13,395)
(14,129)
Called up share capital
100
100
Profit and loss account
74,003
20,520
Shareholders' funds
74,103
20,620
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2024 and were signed on its behalf by
R Welsh
Director
Company Registration No. SC457259
Simple Financial Planning Ltd
Notes to the Accounts
for the year ended 31 August 2024
Simple Financial Planning Ltd is a private company, limited by shares, registered in Scotland, registration number SC457259. The registered office is Red Tree Business Suites (Suite 1.17), 33 Dalmarnock Road, Glasgow, G40 4LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the value of services provided to customers, net of value added tax.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Computer equipment
33% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Simple Financial Planning Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
55,639
6,145
61,784
At 31 August 2024
55,639
15,323
70,962
At 1 September 2023
-
5,269
5,269
Charge for the year
8,345
3,767
12,112
At 31 August 2024
8,345
9,036
17,381
At 31 August 2024
47,294
6,287
53,581
At 31 August 2023
55,639
876
56,515
Amounts falling due within one year
Accrued income and prepayments
40,235
52,086
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,835
22,528
Obligations under finance leases and hire purchase contracts
8,174
8,174
Taxes and social security
42,911
20,626
Other creditors
2,085
20,569
Loans from directors
1,148
8,976
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
41,197
49,371
8
Average number of employees
During the year the average number of employees was 16 (2023: 6).