1 April 2023 false No description of principal activity Taxfiler 2024.5 SC650871business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC6508712023-03-31 SC6508712023-04-012024-03-31 SC650871business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC650871business:FilletedAccounts2023-04-012024-03-31 SC6508712024-03-31 SC650871business:Director12023-04-012024-03-31 SC650871business:RegisteredOffice2023-04-012024-03-31 SC6508712023-03-31 SC650871core:WithinOneYear2024-03-31 SC650871core:WithinOneYear2023-03-31 SC650871core:AfterOneYear2024-03-31 SC650871core:AfterOneYear2023-03-31 SC650871core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC650871core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC650871core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC650871core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC650871core:PreviouslyStatedAmount2024-03-31 SC650871core:PreviouslyStatedAmount2023-03-31 SC650871business:SmallEntities2023-04-012024-03-31 SC650871countries:Scotland2023-04-012024-03-31 SC650871core:MotorVehicles2023-04-012024-03-31 SC650871core:ComputerEquipment2023-04-012024-03-31 SC650871core:Goodwill2023-03-31 SC650871core:Goodwill2023-04-012024-03-31 SC650871core:Goodwill2024-03-31 SC650871core:MotorVehicles2023-03-31 SC650871core:ComputerEquipment2023-03-31 SC650871core:MotorVehicles2024-03-31 SC650871core:ComputerEquipment2024-03-31 SC650871business:OrdinaryShareClass12023-04-012024-03-31 SC650871business:OrdinaryShareClass12022-04-012023-03-31 SC6508712022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC650871 (Scotland)
T R Barbour Financial Planning Ltd Unaudited accounts for the year ended 31 March 2024
T R Barbour Financial Planning Ltd Unaudited accounts Contents
Page
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T R Barbour Financial Planning Ltd Company Information for the year ended 31 March 2024
Director
Thomas Richard Barbour
Company Number
SC650871 (Scotland)
Registered Office
St. James's Place 18-22 Melville Street Edinburgh EH3 7NS United Kingdom
Accountants
Thaler Limited 86 The Ness Dollar Clackmanannshire FK14 7EB
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T R Barbour Financial Planning Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
772,390 
652,050 
Tangible assets
22,899 
48,087 
Investments
11,000 
11,000 
806,289 
711,137 
Current assets
Debtors
38,645 
45,119 
Cash at bank and in hand
101,634 
124,645 
140,279 
169,764 
Creditors: amounts falling due within one year
(139,554)
(120,088)
Net current assets
725 
49,676 
Total assets less current liabilities
807,014 
760,813 
Creditors: amounts falling due after more than one year
(555,223)
(516,077)
Net assets
251,791 
244,736 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
251,781 
244,726 
Shareholders' funds
251,791 
244,736 
For the year ending 31 March 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 21 October 2024 and were signed on its behalf by
Thomas Richard Barbour Director Company Registration No. SC650871
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T R Barbour Financial Planning Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
T R Barbour Financial Planning Ltd is a private company, limited by shares, registered in Scotland, registration number SC650871. The registered office is St. James's Place, 18-22 Melville Street, Edinburgh, EH3 7NS, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years
Computer equipment
4 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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T R Barbour Financial Planning Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
756,000 
Additions
162,000 
At 31 March 2024
918,000 
Amortisation
At 1 April 2023
103,950 
Charge for the year
41,660 
At 31 March 2024
145,610 
Net book value
At 31 March 2024
772,390 
At 31 March 2023
652,050 
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
61,850 
1,132 
62,982 
Additions
- 
4,561 
4,561 
At 31 March 2024
61,850 
5,693 
67,543 
Depreciation
At 1 April 2023
14,665 
230 
14,895 
Charge for the year
26,568 
3,181 
29,749 
At 31 March 2024
41,233 
3,411 
44,644 
Net book value
At 31 March 2024
20,617 
2,282 
22,899 
At 31 March 2023
47,185 
902 
48,087 
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
11,000 
Valuation at 31 March 2024
11,000 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,645 
45,119 
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T R Barbour Financial Planning Ltd Notes to the Accounts for the year ended 31 March 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
98,760 
75,600 
Obligations under finance leases and hire purchase contracts
8,069 
8,069 
Taxes and social security
30,490 
34,790 
Loans from directors
2,004 
429 
Accruals
231 
1,200 
139,554 
120,088 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
526,614 
480,744 
Obligations under finance leases and hire purchase contracts
28,609 
35,333 
555,223 
516,077 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.10 each
10 
10 
11
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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