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REGISTERED NUMBER: 10961504 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MATTHEW COLLINS FINANCIAL PLANNING LTD

MATTHEW COLLINS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 10961504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MATTHEW COLLINS FINANCIAL PLANNING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: M M J Collins





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 10961504 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

MATTHEW COLLINS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 10961504)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 294,397 294,397
Tangible assets 5 130 173
294,527 294,570

CURRENT ASSETS
Debtors 6 544 1,459
Cash at bank 1 1
545 1,460
CREDITORS
Amounts falling due within one year 7 54,092 65,561
NET CURRENT LIABILITIES (53,547 ) (64,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

240,980

230,469

CREDITORS
Amounts falling due after more than one
year

8

(167,390

)

(163,241

)

PROVISIONS FOR LIABILITIES 9 (25 ) (33 )
NET ASSETS 73,565 67,195

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 73,555 67,185
73,565 67,195

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MATTHEW COLLINS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 10961504)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 director and authorised for issue on 22 January 2025 and were signed by:





M M J Collins - Director


MATTHEW COLLINS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 10961504)

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

1. STATUTORY INFORMATION

Matthew Collins 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.

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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents net invoiced sales of services, and is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a client base in 2018, is not being amortised as there is no reason to support that the economic value of this client base will reduce over a period of time.

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 reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

MATTHEW COLLINS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 10961504)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 294,397
NET BOOK VALUE
At 30 September 2024 294,397
At 30 September 2023 294,397

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 812 1,709 2,521
DEPRECIATION
At 1 October 2023 639 1,709 2,348
Charge for year 43 - 43
At 30 September 2024 682 1,709 2,391
NET BOOK VALUE
At 30 September 2024 130 - 130
At 30 September 2023 173 - 173

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 544 1,459

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 2,231 9,893
Other loans 34,023 34,931
Tax 8,985 10,107
Social security and other taxes 655 795
Net wages 803 903
Other creditors 259 -
Directors' current accounts 4,644 6,439
Accrued expenses 2,492 2,493
54,092 65,561

MATTHEW COLLINS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 10961504)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans - 1-2 years 32,773 33,957
Other loans - 2-5 years 54,595 83,623
Other loans more 5yrs instal 2,222 6,061
Directors' loan accounts 77,800 39,600
167,390 163,241

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 2,222 6,061

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 25 33

Deferred
tax
£   
Balance at 1 October 2023 33
Accelerated capital allowances (8 )
Balance at 30 September 2024 25

10. RELATED PARTY DISCLOSURES

A directors loan account exists, to which there are no terms attached. At the balance sheet date, the company owed the director £82,444 (2023 - £46,039).

The loan outstanding as at 30 September 2024 is shown as £4,644 being a current liability with the remaining £77,800 being repayable in more than a year.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MATTHEW COLLINS FINANCIAL PLANNING LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Matthew Collins Financial Planning Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Matthew Collins Financial Planning Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Matthew Collins Financial Planning Ltd and state those matters that we have agreed to state to the director of Matthew Collins Financial Planning Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Matthew Collins Financial Planning Ltd and its director for our work or for this report.

It is your duty to ensure that Matthew Collins Financial Planning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Matthew Collins Financial Planning Ltd. You consider that Matthew Collins Financial Planning Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Matthew Collins Financial Planning Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


22 January 2025