2023-04-012024-03-312024-03-31falseSC249428ONE FINANCIAL PLANNING LTD.2024-09-1864999iso4217:GBPxbrli:pureSC2494282023-04-01SC2494282024-03-31SC2494282023-04-012024-03-31SC2494282022-04-01SC2494282023-03-31SC2494282022-04-012023-03-31SC249428bus:SmallEntities2023-04-012024-03-31SC249428bus:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC249428bus:FullAccounts2023-04-012024-03-31SC249428bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC249428core:WithinOneYear2024-03-31SC249428core:AfterOneYear2024-03-31SC249428core:WithinOneYear2023-03-31SC249428core:AfterOneYear2023-03-31SC249428core:ShareCapital2024-03-31SC249428core:SharePremium2024-03-31SC249428core:RevaluationReserve2024-03-31SC249428core:OtherReservesSubtotal2024-03-31SC249428core:RetainedEarningsAccumulatedLosses2024-03-31SC249428core:ShareCapital2023-03-31SC249428core:SharePremium2023-03-31SC249428core:RevaluationReserve2023-03-31SC249428core:OtherReservesSubtotal2023-03-31SC249428core:RetainedEarningsAccumulatedLosses2023-03-31SC249428core:LandBuildings2024-03-31SC249428core:PlantMachinery2024-03-31SC249428core:Vehicles2024-03-31SC249428core:FurnitureFittings2024-03-31SC249428core:OfficeEquipment2024-03-31SC249428core:NetGoodwill2024-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2024-03-31SC249428core:ListedExchangeTraded2024-03-31SC249428core:UnlistedNon-exchangeTraded2024-03-31SC249428core:LandBuildings2023-03-31SC249428core:PlantMachinery2023-03-31SC249428core:Vehicles2023-03-31SC249428core:FurnitureFittings2023-03-31SC249428core:OfficeEquipment2023-03-31SC249428core:NetGoodwill2023-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2023-03-31SC249428core:ListedExchangeTraded2023-03-31SC249428core:UnlistedNon-exchangeTraded2023-03-31SC249428core:LandBuildings2023-04-012024-03-31SC249428core:PlantMachinery2023-04-012024-03-31SC249428core:Vehicles2023-04-012024-03-31SC249428core:FurnitureFittings2023-04-012024-03-31SC249428core:OfficeEquipment2023-04-012024-03-31SC249428core:NetGoodwill2023-04-012024-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC249428core:ListedExchangeTraded2023-04-012024-03-31SC249428core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC249428core:MoreThanFiveYears2023-04-012024-03-31SC249428core:Non-currentFinancialInstruments2024-03-31SC249428core:Non-currentFinancialInstruments2023-03-31SC249428dpl:CostSales2023-04-012024-03-31SC249428dpl:DistributionCosts2023-04-012024-03-31SC249428core:LandBuildings2023-04-012024-03-31SC249428core:PlantMachinery2023-04-012024-03-31SC249428core:Vehicles2023-04-012024-03-31SC249428core:FurnitureFittings2023-04-012024-03-31SC249428core:OfficeEquipment2023-04-012024-03-31SC249428dpl:AdministrativeExpenses2023-04-012024-03-31SC249428core:NetGoodwill2023-04-012024-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC249428dpl:GroupUndertakings2023-04-012024-03-31SC249428dpl:ParticipatingInterests2023-04-012024-03-31SC249428dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-31SC249428core:ListedExchangeTraded2023-04-012024-03-31SC249428dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-31SC249428core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC249428dpl:CostSales2022-04-012023-03-31SC249428dpl:DistributionCosts2022-04-012023-03-31SC249428core:LandBuildings2022-04-012023-03-31SC249428core:PlantMachinery2022-04-012023-03-31SC249428core:Vehicles2022-04-012023-03-31SC249428core:FurnitureFittings2022-04-012023-03-31SC249428core:OfficeEquipment2022-04-012023-03-31SC249428dpl:AdministrativeExpenses2022-04-012023-03-31SC249428core:NetGoodwill2022-04-012023-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC249428dpl:GroupUndertakings2022-04-012023-03-31SC249428dpl:ParticipatingInterests2022-04-012023-03-31SC249428dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC249428core:ListedExchangeTraded2022-04-012023-03-31SC249428dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC249428core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC249428core:NetGoodwill2024-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2024-03-31SC249428core:LandBuildings2024-03-31SC249428core:PlantMachinery2024-03-31SC249428core:Vehicles2024-03-31SC249428core:FurnitureFittings2024-03-31SC249428core:OfficeEquipment2024-03-31SC249428core:AfterOneYear2024-03-31SC249428core:WithinOneYear2024-03-31SC249428core:ListedExchangeTraded2024-03-31SC249428core:UnlistedNon-exchangeTraded2024-03-31SC249428core:ShareCapital2024-03-31SC249428core:SharePremium2024-03-31SC249428core:RevaluationReserve2024-03-31SC249428core:OtherReservesSubtotal2024-03-31SC249428core:RetainedEarningsAccumulatedLosses2024-03-31SC249428core:NetGoodwill2023-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2023-03-31SC249428core:LandBuildings2023-03-31SC249428core:PlantMachinery2023-03-31SC249428core:Vehicles2023-03-31SC249428core:FurnitureFittings2023-03-31SC249428core:OfficeEquipment2023-03-31SC249428core:AfterOneYear2023-03-31SC249428core:WithinOneYear2023-03-31SC249428core:ListedExchangeTraded2023-03-31SC249428core:UnlistedNon-exchangeTraded2023-03-31SC249428core:ShareCapital2023-03-31SC249428core:SharePremium2023-03-31SC249428core:RevaluationReserve2023-03-31SC249428core:OtherReservesSubtotal2023-03-31SC249428core:RetainedEarningsAccumulatedLosses2023-03-31SC249428core:NetGoodwill2022-04-01SC249428core:IntangibleAssetsOtherThanGoodwill2022-04-01SC249428core:LandBuildings2022-04-01SC249428core:PlantMachinery2022-04-01SC249428core:Vehicles2022-04-01SC249428core:FurnitureFittings2022-04-01SC249428core:OfficeEquipment2022-04-01SC249428core:AfterOneYear2022-04-01SC249428core:WithinOneYear2022-04-01SC249428core:ListedExchangeTraded2022-04-01SC249428core:UnlistedNon-exchangeTraded2022-04-01SC249428core:ShareCapital2022-04-01SC249428core:SharePremium2022-04-01SC249428core:RevaluationReserve2022-04-01SC249428core:OtherReservesSubtotal2022-04-01SC249428core:RetainedEarningsAccumulatedLosses2022-04-01SC249428core:AfterOneYear2023-04-012024-03-31SC249428core:WithinOneYear2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC249428core:Non-currentFinancialInstrumentscore:CostValuation2024-03-31SC249428core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-31SC249428core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-31SC249428core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-31SC249428core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-31SC249428core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-31SC249428core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-31SC249428core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-31SC249428core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-31SC249428core:Non-currentFinancialInstrumentscore:CostValuation2023-03-31SC249428core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-31SC249428core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-31SC249428core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-31SC249428core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-31SC249428core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-31SC249428core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-31SC249428core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-31SC249428core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-31SC249428bus:Director12023-04-012024-03-31SC249428bus:Director22023-04-012024-03-31SC249428bus:Director32023-04-012024-03-31

ONE FINANCIAL PLANNING LTD.

Registered Number
SC249428
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

ONE FINANCIAL PLANNING LTD.
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

BLACKMAN, Lee Edward
CARD, Michael Patrick
JACKSON, James Malcom

Registered Address

1 West Regent Street
Glasgow
G2 1RW

Registered Number

SC249428 (Scotland)
ONE FINANCIAL PLANNING LTD.
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets395,59562,554
Investments435,74135,741
131,33698,295
Current assets
Stocks566,20067,106
Debtors61,374,9171,411,955
Cash at bank and on hand156,18476,363
1,597,3011,555,424
Creditors amounts falling due within one year7(464,562)(471,400)
Net current assets (liabilities)1,132,7391,084,024
Total assets less current liabilities1,264,0751,182,319
Creditors amounts falling due after one year8(70,519)(23,274)
Net assets1,193,5561,159,045
Capital and reserves
Profit and loss account1,193,5561,159,045
Shareholders' funds1,193,5561,159,045
The financial statements were approved and authorised for issue by the Board of Directors on 18 September 2024, and are signed on its behalf by:
BLACKMAN, Lee Edward
Director
Registered Company No. SC249428
ONE FINANCIAL PLANNING LTD.
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Vehicles4
Office Equipment3.33
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 April 2370,43423,36793,801
Additions71,829-71,829
At 31 March 24142,26323,367165,630
Depreciation and impairment
At 01 April 2324,9456,30231,247
Charge for year31,0777,71138,788
At 31 March 2456,02214,01370,035
Net book value
At 31 March 2486,2419,35495,595
At 31 March 2345,48917,06562,554
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 April 2335,74135,741
At 31 March 2435,74135,741
Net book value
At 31 March 2435,74135,741
At 31 March 2335,74135,741

Notes

1Other investments other than loans
5.Stocks

2024

2023

££
Work in progress66,20067,106
Total66,20067,106
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables74,582109,818
Prepayments and accrued income4322,834
Total75,014112,652
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.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables125,806106,659
Bank borrowings and overdrafts140,776211,460
Taxation and social security187,632145,678
Other creditors5,6404,756
Accrued liabilities and deferred income4,7082,847
Total464,562471,400
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.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts70,51923,274
Total70,51923,274
During the year, the company has taken Bounce Back Loan of £50,000 and there is no interest to pay for the first 12 months.