IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Company Registration Number:
02053028 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 475,122 477,187
Investments: 4 14,098 81,074
Total fixed assets: 489,220 558,261
Current assets
Debtors:   37,751 124,490
Cash at bank and in hand: 153,372 116,805
Total current assets: 191,123 241,295
Creditors: amounts falling due within one year: 5 (49,368) (37,898)
Net current assets (liabilities): 141,755 203,397
Total assets less current liabilities: 630,975 761,658
Creditors: amounts falling due after more than one year:   (306,867) (314,373)
Provision for liabilities: (1,653) (1,685)
Total net assets (liabilities): 322,455 445,600
Capital and reserves
Called up share capital: 102 102
Revaluation reserve:6(143,411)(197,700)
Profit and loss account: 465,764 643,198
Shareholders funds: 322,455 445,600

The notes form part of these financial statements

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 December 2024
and signed on behalf of the board by:

Name: Ian Blessed
Status: Director

The notes form part of these financial statements

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced during the period exclusive of VAT.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of that asset as follows: Fixtures & Fittings - 10% straight line Computer Equipment - 25% straight line

Other accounting policies

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are measured at fair value, with changes in fair value recognised in profit or loss as an unrealised gain or loss.

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 486,727
Additions 1,118
At 30 April 2024 487,845
Depreciation
At 01 May 2023 9,540
Charge for year 3,183
At 30 April 2024 12,723
Net book value
At 30 April 2024 475,122
At 30 April 2023 477,187

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Fixed investments

Carrying value at 1/5/23 = £81,074 Additions £10,000 Charges (£496) Write off (£64,616) Revaluation (£11,864) Carrying value at 30/04/24 = £14,098

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Creditors: amounts falling due within one year note

Directors Loan Account 2024 £49,368 2023 £33,835

IAN BLESSED AND CO, INDEPENDENT FINANCIAL CONSULTANTS LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Revaluation reserve

2024
£
Balance at 01 May 2023 (197,700)
Surplus or deficit after revaluation 54,289
Balance at 30 April 2024 (143,411)