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
L V NICHOLAS FINANCIAL PLANNING LIMITED
Company Information
for the year ended 31 March 2024
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
L V NICHOLAS FINANCIAL PLANNING LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
3,926
6,798
Cash at bank and in hand
1,956
19,176
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
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
L V NICHOLAS FINANCIAL PLANNING LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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 in shares are included at fair value.
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
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
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
Fair value adjustments
1,621
Valuation at 31 March 2024
20,359
Amounts falling due within one year
Trade debtors
15,494
16,361
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
8
Creditors: amounts falling due after more than one year
2024
2023
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)
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
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).