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Registered number: 10093080
JWA Financial Planning Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
James Khan
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 10093080
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 8,600 12,900
Tangible Assets 5 80,166 107,174
88,766 120,074
CURRENT ASSETS
Debtors 6 171,757 50,692
Cash at bank and in hand 148,557 342,926
320,314 393,618
Creditors: Amounts Falling Due Within One Year (230,528 ) (250,667 )
NET CURRENT ASSETS (LIABILITIES) 89,786 142,951
TOTAL ASSETS LESS CURRENT LIABILITIES 178,552 263,025
Creditors: Amounts Falling Due After More Than One Year (60,024 ) (71,249 )
NET ASSETS 118,528 191,776
CAPITAL AND RESERVES
Called up share capital 8 405 405
Profit and Loss Account 118,123 191,371
SHAREHOLDERS' FUNDS 118,528 191,776
Page 1
Page 2
For the year ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jamie Allan
Director
11/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
JWA Financial Planning Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10093080 . The registered office is The Embassy, 389 Newport Road, Cardiff, CF24 1TP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2023: 7)
7 7
Page 3
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4. Intangible Assets
Total
£
Cost
As at 1 April 2023 43,000
As at 31 March 2024 43,000
Amortisation
As at 1 April 2023 30,100
Provided during the period 4,300
As at 31 March 2024 34,400
Net Book Value
As at 31 March 2024 8,600
As at 1 April 2023 12,900
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 171,641
Additions 1,307
As at 31 March 2024 172,948
Depreciation
As at 1 April 2023 64,467
Provided during the period 28,315
As at 31 March 2024 92,782
Net Book Value
As at 31 March 2024 80,166
As at 1 April 2023 107,174
6. Debtors
2024 2023
£ £
Due after more than one year
Other debtors 126,514 -
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,397 11,397
Later than one year and not later than five years 60,024 70,824
71,421 82,221
71,421 82,221
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 405 405
Page 5