Registered number
SC675018
VERITY FINANCIAL PLANNERS LTD
Filleted Accounts
30 September 2024
VERITY FINANCIAL PLANNERS LTD
Registered number: SC675018
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,053 13,528
Current assets
Debtors 4 4,791 14,980
Cash at bank and in hand 105,983 26,898
110,774 41,878
Creditors: amounts falling due within one year 5 (66,207) (36,995)
Net current assets 44,567 4,883
Total assets less current liabilities 57,620 18,411
Creditors: amounts falling due after more than one year 6 (25) (24)
Net assets 57,595 18,387
Capital and reserves
Called up share capital 100 100
Profit and loss account 57,495 18,287
Shareholders' funds 57,595 18,387
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Cochrane
Director
Approved by the board on 23 October 2024
VERITY FINANCIAL PLANNERS LTD
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% Reducing Balance method
Fixtures, fittings, tools and equipment 15% Reducing Balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods where relevant
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 18,240
Additions 1,594
At 30 September 2024 19,834
Depreciation
At 1 October 2023 4,712
Charge for the year 2,069
At 30 September 2024 6,781
Net book value
At 30 September 2024 13,053
At 30 September 2023 13,528
4 Debtors 2024 2023
£ £
Trade debtors 4,791 14,980
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 465 -
Taxation and social security costs 63,243 35,303
Other creditors 2,499 1,692
66,207 36,995
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's account 25 24
7 Other information
VERITY FINANCIAL PLANNERS LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
13 Glenbervie Road
Kirkcaldy
Fife
KY2 6HR
VERITY FINANCIAL PLANNERS LTD SC675018 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 C Cochrane No description of principal activity SC675018 2022-10-01 2023-09-30 SC675018 core:WithinOneYear 2023-09-30 SC675018 core:AfterOneYear 2023-09-30 SC675018 core:ShareCapital 2023-09-30 SC675018 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC675018 2023-10-01 2024-09-30 SC675018 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC675018 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC675018 bus:Director40 2023-10-01 2024-09-30 SC675018 1 2023-10-01 2024-09-30 SC675018 2 2023-10-01 2024-09-30 SC675018 core:PlantMachinery 2023-10-01 2024-09-30 SC675018 countries:England 2023-10-01 2024-09-30 SC675018 bus:FRS102 2023-10-01 2024-09-30 SC675018 bus:FilletedAccounts 2023-10-01 2024-09-30 SC675018 2024-09-30 SC675018 core:WithinOneYear 2024-09-30 SC675018 core:AfterOneYear 2024-09-30 SC675018 core:ShareCapital 2024-09-30 SC675018 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC675018 core:PlantMachinery 2024-09-30 SC675018 2023-09-30 SC675018 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure