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REGISTERED NUMBER: 11963735 (England and Wales)















JO POTTS FINANCIAL PLANNING LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






JO POTTS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 11963735)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


JO POTTS FINANCIAL PLANNING LIMITED

Company Information
for the year ended 31 March 2024







Directors: J Potts
D M Potts





Registered office: C/O Cooper Parry
Sky View, Argosy Road
East Midlands Airport
Derby
Derbyshire
DE74 2SA





Registered number: 11963735 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

JO POTTS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 11963735)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 149,051 177,427
Tangible assets 5 55,399 65,277
204,450 242,704

Current assets
Debtors 6 113,261 134,635
Cash at bank 48,566 232,748
161,827 367,383
Creditors
Amounts falling due within one year 7 44,684 92,013
Net current assets 117,143 275,370
Total assets less current liabilities 321,593 518,074

Creditors
Amounts falling due after more than one year 8 (86,442 ) (113,810 )

Provisions for liabilities (13,850 ) (16,444 )
Net assets 221,301 387,820

Capital and reserves
Called up share capital 100 1
Retained earnings 221,201 387,819
Shareholders' funds 221,301 387,820

JO POTTS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 11963735)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 4 September 2024 and were signed on its behalf by:





J Potts - Director


JO POTTS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 11963735)

Notes to the Financial Statements
for the year ended 31 March 2024

1. Statutory information

Jo Potts 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.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Motor vehicles - 25% on reducing balance
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.

3. Employees and directors

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

JO POTTS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 11963735)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. Intangible fixed assets
Goodwill
£
Cost
At 1 April 2023
and 31 March 2024 283,766
Amortisation
At 1 April 2023 106,339
Charge for year 28,376
At 31 March 2024 134,715
Net book value
At 31 March 2024 149,051
At 31 March 2023 177,427

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 April 2023 4,884 67,715 10,033 82,632
Additions 4,275 - 667 4,942
At 31 March 2024 9,159 67,715 10,700 87,574
Depreciation
At 1 April 2023 1,843 7,494 8,018 17,355
Charge for year 2,290 11,241 1,289 14,820
At 31 March 2024 4,133 18,735 9,307 32,175
Net book value
At 31 March 2024 5,026 48,980 1,393 55,399
At 31 March 2023 3,041 60,221 2,015 65,277

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 34,365 47,716
Other debtors 65,750 86,919
Directors' current accounts 13,146 -
113,261 134,635

JO POTTS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 11963735)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. Creditors: amounts falling due within one year
2024 2023
£ £
Other loans 16,572 16,459
Hire purchase contracts 9,700 9,792
Tax 16,612 56,429
Social security and other taxes - 228
Directors' current accounts - 7,305
Accrued expenses 1,800 1,800
44,684 92,013

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 2-5 years 44,354 61,806
Hire purchase contracts 42,088 52,004
86,442 113,810

9. Directors' advances, credits and guarantees

As at 31 March 2024, director J & D Potts owed the company £13,147 by way of a directors loan account. (2023: £7,305 Cr)