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Company Registration No. 07793928 (England and Wales)
L V NICHOLAS FINANCIAL PLANNING LIMITED Unaudited accounts for the year ended 31 March 2024
L V NICHOLAS FINANCIAL PLANNING LIMITED Unaudited accounts Contents
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L V NICHOLAS FINANCIAL PLANNING LIMITED Company Information for the year ended 31 March 2024
Director
L V Nicholas
Company Number
07793928 (England and Wales)
Registered Office
5 NEWCOMBE DRIVE STOKE BISHOP BRISTOL BS9 1SR
Accountants
FARQUHAR PARTNERSHIP LIMITED 151 WHITELADIES ROAD CLIFTON BRISTOL BS8 2RA
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L V NICHOLAS FINANCIAL PLANNING LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,926 
6,798 
Investments
20,359 
18,905 
24,285 
25,703 
Current assets
Debtors
50,894 
16,520 
Cash at bank and in hand
1,956 
19,176 
52,850 
35,696 
Creditors: amounts falling due within one year
(28,307)
(27,632)
Net current assets
24,543 
8,064 
Total assets less current liabilities
48,828 
33,767 
Creditors: amounts falling due after more than one year
(6,310)
(13,584)
Provisions for liabilities
Deferred tax
- 
(1,007)
Net assets
42,518 
19,176 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
42,418 
19,076 
Shareholders' funds
42,518 
19,176 
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 director acknowledges his 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 and authorised for issue on 19 November 2024 and were signed on its behalf by
L V Nicholas Director Company Registration No. 07793928
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L V NICHOLAS FINANCIAL PLANNING LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
L V NICHOLAS FINANCIAL PLANNING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07793928. The registered office is 5 NEWCOMBE DRIVE, STOKE BISHOP, BRISTOL, BS9 1SR.
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. The accounts of the previous year were prepared in accordance with the provisions of FRS 105 for micro-entities. There were no transition adjustments and hence no reconciliation is included in these accounts.
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 and rebates. 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.
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:
Plant & machinery
20% Straight Line Basis
Computer equipment
25% Straight Line Basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
Investments
Investments in shares are included at fair value.
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L V NICHOLAS FINANCIAL PLANNING LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
9,478 
11,332 
20,810 
At 31 March 2024
9,478 
11,332 
20,810 
Depreciation
At 1 April 2023
9,224 
4,788 
14,012 
Charge for the year
254 
2,618 
2,872 
At 31 March 2024
9,478 
7,406 
16,884 
Net book value
At 31 March 2024
- 
3,926 
3,926 
At 31 March 2023
254 
6,544 
6,798 
5
Investments
Other investments 
£ 
Valuation at 1 April 2023
18,905 
Additions
7,984 
Fair value adjustments
1,621 
Disposals
(8,151)
Valuation at 31 March 2024
20,359 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,494 
16,361 
Deferred tax asset
968 
Other debtors
34,432 
159 
50,894 
16,520 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,490 
6,270 
Taxes and social security
20,158 
12,000 
Loans from directors
- 
6,169 
Accruals
2,659 
3,193 
28,307 
27,632 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,310 
13,584 
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L V NICHOLAS FINANCIAL PLANNING LIMITED Notes to the Accounts for the year ended 31 March 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
981 
1,292 
Other deferred taxation
(1,949)
(285)
(968)
1,007 
2024 
2023 
£ 
£ 
Provision at start of year
1,007 
1,569 
Credited to the profit and loss account
(1,975)
(562)
Provision at end of year
(968)
1,007 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary A Shares of £1 each
100 
100 
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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