Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2023-06-01falseNo description of principal activity1010falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08564530 2023-06-01 2024-05-31 08564530 2022-06-01 2023-05-31 08564530 2024-05-31 08564530 2023-05-31 08564530 c:Director1 2023-06-01 2024-05-31 08564530 c:Director2 2023-06-01 2024-05-31 08564530 c:RegisteredOffice 2023-06-01 2024-05-31 08564530 d:Buildings 2023-06-01 2024-05-31 08564530 d:Buildings 2024-05-31 08564530 d:Buildings 2023-05-31 08564530 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08564530 d:PlantMachinery 2023-06-01 2024-05-31 08564530 d:PlantMachinery 2024-05-31 08564530 d:PlantMachinery 2023-05-31 08564530 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08564530 d:MotorVehicles 2023-06-01 2024-05-31 08564530 d:MotorVehicles 2024-05-31 08564530 d:MotorVehicles 2023-05-31 08564530 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08564530 d:FurnitureFittings 2023-06-01 2024-05-31 08564530 d:FurnitureFittings 2024-05-31 08564530 d:FurnitureFittings 2023-05-31 08564530 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08564530 d:ComputerEquipment 2023-06-01 2024-05-31 08564530 d:ComputerEquipment 2024-05-31 08564530 d:ComputerEquipment 2023-05-31 08564530 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08564530 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 08564530 d:Goodwill 2023-06-01 2024-05-31 08564530 d:Goodwill 2024-05-31 08564530 d:Goodwill 2023-05-31 08564530 d:CurrentFinancialInstruments 2024-05-31 08564530 d:CurrentFinancialInstruments 2023-05-31 08564530 d:Non-currentFinancialInstruments 2024-05-31 08564530 d:Non-currentFinancialInstruments 2023-05-31 08564530 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 08564530 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 08564530 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 08564530 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 08564530 d:ShareCapital 2024-05-31 08564530 d:ShareCapital 2023-05-31 08564530 d:RetainedEarningsAccumulatedLosses 2024-05-31 08564530 d:RetainedEarningsAccumulatedLosses 2023-05-31 08564530 c:FRS102 2023-06-01 2024-05-31 08564530 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 08564530 c:FullAccounts 2023-06-01 2024-05-31 08564530 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08564530 6 2023-06-01 2024-05-31 08564530 d:Goodwill d:OwnedIntangibleAssets 2023-06-01 2024-05-31 08564530 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company registration number: 08564530







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024


ART OF FINANCIAL PLANNING LIMITED






































img08db.png                        

 


ART OF FINANCIAL PLANNING LIMITED
 


 
COMPANY INFORMATION


Directors
J Chandreja 
K Chandreja 




Registered number
08564530



Registered office
9 Lake End Court
Taplow Road

Taplow

Buckinghamshire

SL6 0JQ




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


ART OF FINANCIAL PLANNING LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8


 


ART OF FINANCIAL PLANNING LIMITED
REGISTERED NUMBER:08564530



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
246,092
319,919

Tangible assets
 5 
153,800
76,886

Investments
 6 
2
2

  
399,894
396,807

Current assets
  

Debtors: amounts falling due within one year
 7 
2,763,284
2,085,421

Cash at bank and in hand
  
1,178
42,292

  
2,764,462
2,127,713

Creditors: amounts falling due within one year
 8 
(304,440)
(151,315)

Net current assets
  
 
 
2,460,022
 
 
1,976,398

Total assets less current liabilities
  
2,859,916
2,373,205

Creditors: amounts falling due after more than one year
 9 
(10,464)
(110,734)

  

Net assets
  
2,849,452
2,262,471


Capital and reserves
  

Called up share capital 
  
110
110

Profit and loss account
  
2,849,342
2,262,361

  
2,849,452
2,262,471


Page 1

 


ART OF FINANCIAL PLANNING LIMITED
REGISTERED NUMBER:08564530


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K Chandreja
Director
Date: 8 November 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


ART OF FINANCIAL PLANNING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Art of 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 


ART OF FINANCIAL PLANNING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property and improvements
-
2%
Plant and machinery
-
10%
Motor vehicles
-
20%
Fixtures and fittings
-
20%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 


ART OF FINANCIAL PLANNING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).


4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
845,439


Disposals
(476,302)



At 31 May 2024

369,137



Amortisation


At 1 June 2023
525,520


Charge for the year on owned assets
73,827


On disposals
(476,302)



At 31 May 2024

123,045



Net book value



At 31 May 2024
246,092



At 31 May 2023
319,919



Page 5

 


ART OF FINANCIAL PLANNING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Computer equipment

£
£
£
£
£



Cost or valuation


At 1 June 2023
8,850
64,798
52,934
40,310
2,826


Additions
-
-
103,578
-
-



At 31 May 2024

8,850
64,798
156,512
40,310
2,826



Depreciation


At 1 June 2023
7,080
45,360
883
36,683
2,826


Charge for the year on owned assets
885
6,480
18,561
738
-



At 31 May 2024

7,965
51,840
19,444
37,421
2,826



Net book value



At 31 May 2024
885
12,958
137,068
2,889
-



At 31 May 2023
1,770
19,438
52,051
3,627
-

Total

£



Cost or valuation


At 1 June 2023
169,718


Additions
103,578



At 31 May 2024

273,296



Depreciation


At 1 June 2023
92,832


Charge for the year on owned assets
26,664



At 31 May 2024

119,496



Net book value



At 31 May 2024
153,800



At 31 May 2023
76,886

Page 6

 


ART OF FINANCIAL PLANNING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 June 2023
2



At 31 May 2024
2





7.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2,245,114
1,260,239

Other debtors
504,509
811,187

Prepayments and accrued income
13,661
13,995

2,763,284
2,085,421



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
411
-

Bank loans
10,168
81,208

Trade creditors
3,462
466

Corporation tax
200,650
59,929

Other taxation and social security
2,381
3,071

Other creditors
79,220
-

Accruals and deferred income
8,148
6,641

304,440
151,315


Page 7

 


ART OF FINANCIAL PLANNING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,464
110,734

10,464
110,734


Included within creditors is an amount secured by way of government guarantee under the Bounce Back Loan Scheme.


10.


Transactions with directors

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

2024
2023
£
£
Balance outstanding at start of year

308,173

302,576
 
Amounts advanced

171,095

222,157
 
Amounts repaid

(555,307)

(216,560)
 
Balance outstanding at end of year
(76,039)

308,173
 

This amount is interest free and repayable on demand.

 
Page 8