2023-06-012024-05-312024-05-31false08538737ASTUTE MONEY FINANCIAL PLANNING 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ASTUTE MONEY FINANCIAL PLANNING LTD

Registered Number
08538737
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

ASTUTE MONEY FINANCIAL PLANNING LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Darren Fisher

Registered Address

Astute Money Financial Planning Ltd Plymouth Science Park
Davy Road
Plymouth
PL6 8BX

Registered Number

08538737 (England and Wales)
ASTUTE MONEY FINANCIAL PLANNING LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets41,2303,380
1,2303,380
Current assets
Stocks52,80018,765
Debtors271,531329,317
Cash at bank and on hand163,313286,575
437,644634,657
Creditors amounts falling due within one year6(40,041)(252,304)
Net current assets (liabilities)397,603382,353
Total assets less current liabilities398,833385,733
Creditors amounts falling due after one year7(20,550)(22,274)
Provisions for liabilities8(234)(642)
Net assets378,049362,817
Capital and reserves
Called up share capital106105
Profit and loss account377,943362,712
Shareholders' funds378,049362,817
The financial statements were approved and authorised for issue by the Director on 18 November 2024, and are signed on its behalf by:
Darren Fisher
Director
Registered Company No. 08538737
ASTUTE MONEY FINANCIAL PLANNING LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixe assets are carried at the cost accumulated amortisation and impairment.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year33
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 June 23130,757130,757
At 31 May 24130,757130,757
Amortisation and impairment
At 01 June 23130,757130,757
At 31 May 24130,757130,757
Net book value
At 31 May 24--
At 31 May 23--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 June 2313,51813,518
At 31 May 2413,51813,518
Depreciation and impairment
At 01 June 2310,13810,138
Charge for year2,1502,150
At 31 May 2412,28812,288
Net book value
At 31 May 241,2301,230
At 31 May 233,3803,380
5.Stocks

2024

2023

££
Work in progress2,80018,765
Total2,80018,765
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-95
Taxation and social security4,68576,275
Other creditors35,356175,934
Total40,041252,304
7.Creditors: amounts due after one year

2024

2023

££
Other creditors20,55022,274
Total20,55022,274
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)234642
Total234642
9.Related party transactions
At the year end the company owed D.Fisher, Director £20,230 (2023 - £160,334.) At the year end the company was owed £153,950 (2023 - £152,300) by Soft Touch Needlecraft Ltd, a company in which D Fisher is also a director.