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REGISTERED NUMBER: 11995450 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st May 2024

for

TONY WALKER FINANCIAL PLANNING SERVICES
LIMITED

TONY WALKER FINANCIAL PLANNING SERVICES
LIMITED (REGISTERED NUMBER: 11995450)






Contents of the Financial Statements
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TONY WALKER FINANCIAL PLANNING SERVICES
LIMITED

Company Information
for the Year Ended 31st May 2024







DIRECTOR: Mr A P Walker





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 11995450 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

TONY WALKER FINANCIAL PLANNING SERVICES
LIMITED (REGISTERED NUMBER: 11995450)

Balance Sheet
31st May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 53,010 61,380
Tangible assets 5 8,645 13,461
61,655 74,841

CURRENT ASSETS
Debtors 6 3,054 2,356
Cash at bank 71,685 68,395
74,739 70,751
CREDITORS
Amounts falling due within one year 7 16,223 18,126
NET CURRENT ASSETS 58,516 52,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,171

127,466

PROVISIONS FOR LIABILITIES 1,531 2,558
NET ASSETS 118,640 124,908

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Share premium 86,069 86,069
Retained earnings 28,571 34,839
118,640 124,908

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

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

TONY WALKER FINANCIAL PLANNING SERVICES
LIMITED (REGISTERED NUMBER: 11995450)

Balance Sheet - continued
31st May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2nd July 2024 and were signed by:





Mr A P Walker - Director


TONY WALKER FINANCIAL PLANNING SERVICES
LIMITED (REGISTERED NUMBER: 11995450)

Notes to the Financial Statements
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Tony Walker Financial Planning Services 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax.

Revenue is recognised when service has been rendered for customers such that risks and rewards of rendered service have transferred to them.

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.
Fixtures and fittings - 33.3% on cost
Computer equipment - 33.3% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


TONY WALKER FINANCIAL PLANNING SERVICES
LIMITED (REGISTERED NUMBER: 11995450)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 83,700
AMORTISATION
At 1st June 2023 22,320
Amortisation for year 8,370
At 31st May 2024 30,690
NET BOOK VALUE
At 31st May 2024 53,010
At 31st May 2023 61,380

TONY WALKER FINANCIAL PLANNING SERVICES
LIMITED (REGISTERED NUMBER: 11995450)

Notes to the Financial Statements - continued
for the Year Ended 31st May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st June 2023 20,338 3,689 24,027
Additions - 1,712 1,712
At 31st May 2024 20,338 5,401 25,739
DEPRECIATION
At 1st June 2023 8,955 1,611 10,566
Charge for year 5,182 1,346 6,528
At 31st May 2024 14,137 2,957 17,094
NET BOOK VALUE
At 31st May 2024 6,201 2,444 8,645
At 31st May 2023 11,383 2,078 13,461

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Social security & other taxes 581 -
Prepayments 2,473 2,356
3,054 2,356

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 467 303
Tax 14,833 8,786
Social security and other taxes - 162
Other creditors 37 -
Directors' current accounts 886 8,875
16,223 18,126

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed £886 (2023: £8,875) to its director. No interest has been charged on this loan and it is repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A P Walker.