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REGISTERED NUMBER: 05623999 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Fiducia Comprehensive Financial Planning
Limited

Fiducia Comprehensive Financial Planning
Limited (Registered number: 05623999)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Fiducia Comprehensive Financial Planning
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M J S Grimshaw
Mr A R Scott





SECRETARY: Mr A R Scott





REGISTERED OFFICE: Aura Business Centre
Manners Road
Newark
Nottinghamshire
NG24 1BS





REGISTERED NUMBER: 05623999 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Fiducia Comprehensive Financial Planning
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 Fiducia Comprehensive Financial Planning 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Fiducia Comprehensive Financial Planning Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fiducia Comprehensive Financial Planning Limited and state those matters that we have agreed to state to the Board of Directors of Fiducia Comprehensive Financial Planning Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fiducia Comprehensive Financial Planning Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fiducia Comprehensive Financial Planning 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 Fiducia Comprehensive Financial Planning Limited. You consider that Fiducia Comprehensive Financial Planning 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 Fiducia Comprehensive Financial Planning 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG


4 November 2024

Fiducia Comprehensive Financial Planning
Limited (Registered number: 05623999)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,642 107,522
Tangible assets 5 10,602 13,941
Investments 6 642,000 500,000
733,244 621,463

CURRENT ASSETS
Debtors 7 778,224 185,501
Cash at bank and in hand 1,112 200,769
779,336 386,270
CREDITORS
Amounts falling due within one year 8 249,965 332,996
NET CURRENT ASSETS 529,371 53,274
TOTAL ASSETS LESS CURRENT LIABILITIES 1,262,615 674,737

CREDITORS
Amounts falling due after more than one year 9 (1,034,933 ) (600,416 )

PROVISIONS FOR LIABILITIES (1,714 ) (1,780 )
NET ASSETS 225,968 72,541

CAPITAL AND RESERVES
Called up share capital 11 200 200
Capital redemption reserve 200 200
Retained earnings 225,568 72,141
SHAREHOLDERS' FUNDS 225,968 72,541

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.

Fiducia Comprehensive Financial Planning
Limited (Registered number: 05623999)

Balance Sheet - continued
31 March 2024


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 4 November 2024 and were signed on its behalf by:





Mr A R Scott - Director


Fiducia Comprehensive Financial Planning
Limited (Registered number: 05623999)

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

1. STATUTORY INFORMATION

Fiducia Comprehensive Financial Planning Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Fiducia Comprehensive Financial Planning
Limited (Registered number: 05623999)

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

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 188,164
AMORTISATION
At 1 April 2023 80,642
Amortisation for year 26,880
At 31 March 2024 107,522
NET BOOK VALUE
At 31 March 2024 80,642
At 31 March 2023 107,522

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 157,932 7,568 165,500
Additions 162 - 162
At 31 March 2024 158,094 7,568 165,662
DEPRECIATION
At 1 April 2023 149,824 1,735 151,559
Charge for year 2,043 1,458 3,501
At 31 March 2024 151,867 3,193 155,060
NET BOOK VALUE
At 31 March 2024 6,227 4,375 10,602
At 31 March 2023 8,108 5,833 13,941

Fiducia Comprehensive Financial Planning
Limited (Registered number: 05623999)

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

6. FIXED ASSET INVESTMENTS
Own
shares
£   
COST OR VALUATION
At 1 April 2023 500,000
Additions 17,000
Revaluations 125,000
At 31 March 2024 642,000
NET BOOK VALUE
At 31 March 2024 642,000
At 31 March 2023 500,000

Cost or valuation at 31 March 2024 is represented by:

Own
shares
£   
Valuation in 2024 125,000
Cost 517,000
642,000

The following valuation has been carried out by the directors based on the value given per unit by Openwork.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,426 -
Other debtors 766,798 185,501
778,224 185,501

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 186,060 168,283
Trade creditors 23,830 13,355
Amounts owed to group undertakings - 8,100
Taxation and social security 27,625 62,325
Other creditors 12,450 80,933
249,965 332,996

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 583,312 277,833
Other creditors 451,621 322,583
1,034,933 600,416

Fiducia Comprehensive Financial Planning
Limited (Registered number: 05623999)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 709,007 401,150

The debt is secured against all the property or undertaking of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
180 Ordinary A 180 180 180
20 Ordinary B 20 20 20
200 200

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr A R Scott
Balance outstanding at start of year (626 ) 253,072
Amounts advanced 172,845 91,268
Amounts repaid (79,211 ) (344,966 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,008 (626 )

Mr M J S Grimshaw
Balance outstanding at start of year (40,548 ) 146,458
Amounts advanced 288,297 225,230
Amounts repaid (159,212 ) (412,236 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 88,537 (40,548 )