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Company Registration No. SC360356 (Scotland)
Stephen Walters (Financial Planning) Limited Unaudited accounts for the year ended 30 September 2024
Stephen Walters (Financial Planning) Limited Unaudited accounts Contents
Page
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Stephen Walters (Financial Planning) Limited Company Information for the year ended 30 September 2024
Directors
Stephen Walters Philip Corrie-Hawes
Company Number
SC360356 (Scotland)
Registered Office
Scott House 10 South St. Andrew Street Edinburgh EH2 2AZ SCOTLAND
Accountants
Susan Whitham 6 Park Place Edinburgh MIDLOTHIAN EH6 4LB
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Stephen Walters (Financial Planning) Limited for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Stephen Walters (Financial Planning) Limited for the year ended 30 September 2024 as set out on pages 5 - 7 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Stephen Walters (Financial Planning) Limited, as a body, in accordance with the terms of our engagement letter dated 24 August 2020. Our work has been undertaken solely to prepare for your approval the accounts of Stephen Walters (Financial Planning) Limited and state those matters that we have agreed to state to the Board of Directors of Stephen Walters (Financial Planning) Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stephen Walters (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 Stephen Walters (Financial Planning) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Stephen Walters (Financial Planning) Limited. You consider that Stephen Walters (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 accounts of Stephen Walters (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 accounts.
Susan Whitham Chartered Accountants 6 Park Place Edinburgh MIDLOTHIAN EH6 4LB 31 October 2024
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Stephen Walters (Financial Planning) Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,445 
1,083 
Current assets
Debtors
28,845 
32,885 
Cash at bank and in hand
282,151 
216,573 
310,996 
249,458 
Creditors: amounts falling due within one year
(23,910)
(21,927)
Net current assets
287,086 
227,531 
Net assets
289,531 
228,614 
Capital and reserves
Called up share capital
1,201 
1,201 
Profit and loss account
288,330 
227,413 
Shareholders' funds
289,531 
228,614 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
Stephen Walters Director Company Registration No. SC360356
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Stephen Walters (Financial Planning) Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Stephen Walters (Financial Planning) Limited is a private company, limited by shares, registered in Scotland, registration number SC360356. The registered office is Scott House, 10 South St. Andrew Street, Edinburgh, EH2 2AZ, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents income for the provision of financial advice and commissions.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost.
Computer equipment
33% on cost.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Stephen Walters (Financial Planning) Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
204 
2,297 
2,501 
Additions
- 
2,675 
2,675 
At 30 September 2024
204 
4,972 
5,176 
Depreciation
At 1 October 2023
111 
1,307 
1,418 
Charge for the year
51 
1,262 
1,313 
At 30 September 2024
162 
2,569 
2,731 
Net book value
At 30 September 2024
42 
2,403 
2,445 
At 30 September 2023
93 
990 
1,083 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,429 
28,760 
Accrued income and prepayments
2,996 
4,125 
Other debtors
2,420 
- 
28,845 
32,885 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
192 
393 
Taxes and social security
22,350 
20,634 
Loans from directors
68 
100 
Accruals
1,300 
800 
23,910 
21,927 
7
Transactions with related parties
The amount due to the directors at the balance sheet date is included in creditors falling due within one year. No interest was paid for this loan, which is unsecured and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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