Registered number
10931751
Mathew Burrows Financial Planning Limited
Filleted Accounts
31 August 2024
Mathew Burrows Financial Planning Limited
Registered number: 10931751
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 94,889 32,746
Current assets
Debtors 4 - 5,000
Cash at bank and in hand 31,247 85,751
31,247 90,751
Creditors: amounts falling due within one year 5 (15,651) (30,140)
Net current assets 15,596 60,611
Total assets less current liabilities 110,485 93,357
Creditors: amounts falling due after more than one year 6 (12,250) (22,050)
Net assets 98,235 71,307
Capital and reserves
Called up share capital 1 1
Profit and loss account 98,234 71,306
Shareholder's funds 98,235 71,307
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mathew Burrows
Director
Approved by the board on 7 January 2025
Mathew Burrows Financial Planning Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles over 4 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 10,025 64,955 74,980
Additions - 126,518 126,518
Disposals - (64,955) (64,955)
At 31 August 2024 10,025 126,518 136,543
Depreciation
At 1 September 2023 9,756 32,478 42,234
Charge for the year 269 31,629 31,898
On disposals - (32,478) (32,478)
At 31 August 2024 10,025 31,629 41,654
Net book value
At 31 August 2024 - 94,889 94,889
At 31 August 2023 269 32,477 32,746
4 Debtors 2024 2023
£ £
Other debtors - 5,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,800 9,800
Trade creditors 960 948
Taxation and social security costs 4,891 19,392
15,651 30,140
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,250 22,050
7 Other information
Mathew Burrows Financial Planning Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 John Cornwell VC Drive
Humberston
Grimsby
DN 36 4BW
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