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REGISTERED NUMBER: SC406704 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Expert Pensions Limited

Expert Pensions Limited (Registered number: SC406704)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Expert Pensions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Reynolds
L Reynolds





REGISTERED OFFICE: 71 Glenwood Drive
Armadale
Bathgate
EH48 3RQ





REGISTERED NUMBER: SC406704 (Scotland)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
Ben Loyal Lodge
25 Kenilworth Road
Bridge Of Allan
Stirling
FK9 4EH

Expert Pensions Limited (Registered number: SC406704)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 442 3,700
442 3,700

CURRENT ASSETS
Debtors 6 48 7,403
Cash at bank 30,365 87,280
30,413 94,683
CREDITORS
Amounts falling due within one year 7 674 31,341
NET CURRENT ASSETS 29,739 63,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,181

67,042

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 29,981 66,842
SHAREHOLDERS' FUNDS 30,181 67,042

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




L Reynolds - Director


Expert Pensions Limited (Registered number: SC406704)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Expert Pensions Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover represents the net invoiced sale of services and material, excluding value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on cost

Fixtures and fixtures - 20% on cost

Integral features - 4% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

Expert Pensions Limited (Registered number: SC406704)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 14,513
AMORTISATION
At 1 April 2023
and 31 March 2024 14,513
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 24,684
DEPRECIATION
At 1 April 2023 20,984
Charge for year 3,258
At 31 March 2024 24,242
NET BOOK VALUE
At 31 March 2024 442
At 31 March 2023 3,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 2,582
Amounts owed by group undertakings - 220
Other debtors 48 -
Prepayments and accrued income - 4,601
48 7,403

Expert Pensions Limited (Registered number: SC406704)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 2,082
Taxation and social security 662 20,978
Other creditors 12 8,281
674 31,341

8. CALLED UP SHARE CAPITAL

31.03.21 31.03.20
£    £   
Ordinary share capital of £1 each 150 150
Ordinary class B share capital of £1 each 50 50
200 200

9. RELATED PARTY DISCLOSURES

Expert Pensions Limited provided office accommodation to Expert Pensions Advice LLP during the year, in return for rental income amounting to £8,958 in total. Director John Reynolds is a partner in Expert Pensions Advice LLP. As at 31 March 2024, the amount owing from Expert Pensions Advice LLP was £nil (2023 - £220).

10. ULTIMATE CONTROLLING PARTY

The controlling party is L Reynolds.

The ultimate controlling party is L Reynolds.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Expert Pensions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Expert Pensions Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Expert Pensions Limited, as a body, in accordance with the terms of our engagement letter dated 9 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Expert Pensions Limited and state those matters that we have agreed to state to the Board of Directors of Expert Pensions Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Expert Pensions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Expert Pensions Limited. You consider that Expert Pensions Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Expert Pensions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goddard Accounting and Tax Solutions
Ben Loyal Lodge
25 Kenilworth Road
Bridge Of Allan
Stirling
FK9 4EH


5 November 2024