REGISTERED NUMBER: |
EARLEY FINANCIAL SOLUTIONS LIMITED |
Unaudited Financial Statements |
for the period |
1 January 2023 to 30 April 2024 |
REGISTERED NUMBER: |
EARLEY FINANCIAL SOLUTIONS LIMITED |
Unaudited Financial Statements |
for the period |
1 January 2023 to 30 April 2024 |
EARLEY FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 04986361) |
Contents of the Financial Statements |
for the period 1 January 2023 to 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EARLEY FINANCIAL SOLUTIONS LIMITED |
Company Information |
for the period 1 January 2023 to 30 April 2024 |
Director: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
250 Fowler Avenue |
Farnborough |
Hampshire |
GU14 7JP |
EARLEY FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 04986361) |
Balance Sheet |
30 April 2024 |
2024 | 2022 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Investments | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings | 7 |
Shareholders' funds |
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. |
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 |
EARLEY FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 04986361) |
Notes to the Financial Statements |
for the period 1 January 2023 to 30 April 2024 |
1. | Statutory information |
Earley Financial Solutions Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
The company ceased to trade in the year so these accounts have been prepared under the break up basis. |
Turnover |
Fees and commissions receivable represents amounts due for financial services provided in the year. |
Taxation |
Taxation for the period 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. |
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. |
Key sources of estimation uncertainty and judgements |
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments. There are no further significant judgements or estimates. |
EARLEY FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 04986361) |
Notes to the Financial Statements - continued |
for the period 1 January 2023 to 30 April 2024 |
2. | Accounting policies - continued |
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument. |
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due. |
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management. |
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
3. | Employees and directors |
The average number of employees during the period was |
4. | Debtors: amounts falling due within one year |
2024 | 2022 |
£ | £ |
Other debtors |
5. | Current asset investments |
2024 | 2022 |
£ | £ |
Other |
6. | Creditors: amounts falling due within one year |
2024 | 2022 |
£ | £ |
Taxation and social security |
Other creditors |
EARLEY FINANCIAL SOLUTIONS LIMITED (REGISTERED NUMBER: 04986361) |
Notes to the Financial Statements - continued |
for the period 1 January 2023 to 30 April 2024 |
7. | Reserves |
Retained |
earnings |
£ |
At 1 January 2023 |
Profit for the period |
Dividends | ( |
) |
At 30 April 2024 |
8. | Ultimate controlling party |
The company is controlled by J Gregory, director, by virtue of his 100% ownership of the issued ordinary share capital of the company. |