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REGISTERED NUMBER: 05506823 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ALLSOPP FINANCIAL MANAGEMENT LIMITED

ALLSOPP FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05506823)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALLSOPP FINANCIAL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M T Allsopp
C E Allsopp





SECRETARY: C E Allsopp





REGISTERED OFFICE: 7 Caroline Point
62 Caroline Street
Jewellery Quarter
Birmingham
West Midlands
B3 1UF





REGISTERED NUMBER: 05506823 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

ALLSOPP FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05506823)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,583 4,300

CURRENT ASSETS
Cash at bank 79,012 75,597

CREDITORS
Amounts falling due within one year 4 51,845 41,816
NET CURRENT ASSETS 27,167 33,781
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,750

38,081

PROVISIONS FOR LIABILITIES 896 1,075
NET ASSETS 29,854 37,006

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,754 36,906
SHAREHOLDERS' FUNDS 29,854 37,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 18 November 2024 and were signed on its behalf by:



M T Allsopp - Director


ALLSOPP FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05506823)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. 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 except for current asset investments, which are recognised at their fair value.

Turnover
Turnover represents fees and commission received before deductions. Revenue is recognised upon receipt..

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 - 15% on cost
Computer equipment - 25% on cost

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.

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.

Current asset investments
Current asset investments are recognised at their fair value at the period end. Movements in fair value during a period are recognised in the Income Statement.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ALLSOPP FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 05506823)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 7,010 14,514 21,524
Additions 245 1,234 1,479
Disposals - (1,599 ) (1,599 )
At 30 September 2024 7,255 14,149 21,404
DEPRECIATION
At 1 October 2023 5,626 11,598 17,224
Charge for year 301 1,441 1,742
Eliminated on disposal - (1,145 ) (1,145 )
At 30 September 2024 5,927 11,894 17,821
NET BOOK VALUE
At 30 September 2024 1,328 2,255 3,583
At 30 September 2023 1,384 2,916 4,300

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 50,250 40,277
Other creditors 1,595 1,539
51,845 41,816

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,000 12,924
Between one and five years 36,000 -
45,000 12,924