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REGISTERED NUMBER: 08469955
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

IAN KING FINANCIAL PLANNING LIMITED

IAN KING FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 08469955)

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


IAN KING FINANCIAL PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: I D King
Mrs E P King





REGISTERED OFFICE: Lion Court, Staunton Harold Hall
Melbourne Road
Ashby De La Zouch
Leicestershire
LE65 1RT





REGISTERED NUMBER: 08469955





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

IAN KING FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 08469955)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,569 14,886
Investments 5 80 80
54,649 14,966

CURRENT ASSETS
Debtors 6 43,430 15,736
Cash at bank and in hand 48,046 68,112
91,476 83,848
CREDITORS
Amounts falling due within one year 7 41,051 21,880
NET CURRENT ASSETS 50,425 61,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,074

76,934

CREDITORS
Amounts falling due after more than one
year

8

63,706

52,989
NET ASSETS 41,368 23,945

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 41,258 23,835
41,368 23,945

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 28 January 2025 and were signed on its behalf by:




I D King - Director


IAN KING FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 08469955)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Ian King Financial Planning Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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 - 15% on reducing balance
Motor vehicles - Straight line over 4 years
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

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 - 5 ) .

IAN KING FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 08469955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,189 118,220 12,635 132,044
Additions - 55,390 - 55,390
Disposals - (53,790 ) - (53,790 )
At 30 April 2024 1,189 119,820 12,635 133,644
DEPRECIATION
At 1 May 2023 550 107,014 9,594 117,158
Charge for year 96 2,287 2,118 4,501
Eliminated on disposal - (42,584 ) - (42,584 )
At 30 April 2024 646 66,717 11,712 79,075
NET BOOK VALUE
At 30 April 2024 543 53,103 923 54,569
At 30 April 2023 639 11,206 3,041 14,886

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 80
NET BOOK VALUE
At 30 April 2024 80
At 30 April 2023 80

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,601 3,510
Other debtors 9,829 12,226
43,430 15,736

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,407 5,274
Hire purchase contracts 5,705 7,100
Trade creditors 41 66
Taxation and social security 25,702 5,856
Other creditors 4,196 3,584
41,051 21,880

IAN KING FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 08469955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,485 34,160
Hire purchase contracts 35,221 18,829
63,706 52,989

9. RELATED PARTY DISCLOSURES

Included in other creditors is a directors loan of £739 (2023 £834). the loan is interest free and repayable on demand.