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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
Page
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Simple Financial Planning Ltd Company Information for the year ended 31 August 2024
Director
R Welsh
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
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Simple Financial Planning Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,581 
56,515 
Current assets
Debtors
48,893 
52,086 
Cash at bank and in hand
113,999 
76,517 
162,892 
128,603 
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)
Net assets
74,103 
20,620 
Capital and reserves
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
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Simple Financial Planning Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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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 
Additions
- 
9,178 
9,178 
At 31 August 2024
55,639 
15,323 
70,962 
Depreciation
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 
Net book value
At 31 August 2024
47,294 
6,287 
53,581 
At 31 August 2023
55,639 
876 
56,515 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
40,235 
52,086 
Other debtors
8,658 
- 
48,893 
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 
79,153 
80,873 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,625 
20,125 
Obligations under finance leases and hire purchase contracts
41,197 
49,371 
49,822 
69,496 
8
Average number of employees
During the year the average number of employees was 16 (2023: 6).
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