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REGISTERED NUMBER: 09004860 (England and Wales)















Rickards Financial Planning Ltd

Unaudited Financial Statements

for the year ended

30 April 2024






Rickards Financial Planning Ltd (Registered number: 09004860)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Rickards Financial Planning Ltd

Company Information
for the year ended 30 April 2024







DIRECTORS: C N Rickards
Miss G E Rickards





REGISTERED OFFICE: 8 Hopper Way
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 09004860 (England and Wales)

Rickards Financial Planning Ltd (Registered number: 09004860)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,908 1,166
1,908 1,166

CURRENT ASSETS
Cash at bank 77,186 114,120

CREDITORS
Amounts falling due within one year 6 (27,883 ) (40,958 )
NET CURRENT ASSETS 49,303 73,162
TOTAL ASSETS LESS CURRENT LIABILITIES 51,211 74,328

CREDITORS
Amounts falling due after more than one year 7 (9,994 ) (18,561 )

PROVISIONS FOR LIABILITIES (477 ) (222 )
NET ASSETS 40,740 55,545

CAPITAL AND RESERVES
Called up share capital 9 4,000 4,000
Retained earnings 36,740 51,545
SHAREHOLDERS' FUNDS 40,740 55,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 22 January 2025 and were signed on its behalf by:





C N Rickards - Director


Rickards Financial Planning Ltd (Registered number: 09004860)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

Rickards Financial Planning Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents earned income from commission, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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 reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

Rickards Financial Planning Ltd (Registered number: 09004860)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023
and 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 2,082 2,606 4,688
Additions 765 489 1,254
At 30 April 2024 2,847 3,095 5,942
DEPRECIATION
At 1 May 2023 1,632 1,890 3,522
Charge for year 141 371 512
At 30 April 2024 1,773 2,261 4,034
NET BOOK VALUE
At 30 April 2024 1,074 834 1,908
At 30 April 2023 450 716 1,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,566 8,566
Taxation and social security 12,602 27,068
Other creditors 6,715 5,324
27,883 40,958

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,994 18,561

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 2,400

Rickards Financial Planning Ltd (Registered number: 09004860)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,000 Ordinary £1 4,000 4,000

10. RELATED PARTY DISCLOSURES

At the year end the director, Mr C Rickards, is owed £5,901 (2023 - £4,629) relating to an interest free loan with no set repayment terms.