Company registration number 11303967 (England and Wales)
STEPHEN HINSLEY PLANNING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
STEPHEN HINSLEY PLANNING LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
STEPHEN HINSLEY PLANNING LIMITED (REGISTERED NUMBER: 11303967)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
294
392
Current assets
Debtors
4
3,886
5,333
Cash at bank and in hand
4,360
2,296
8,246
7,629
Creditors: amounts falling due within one year
5
(68,101)
(57,219)
Net current liabilities
(59,855)
(49,590)
Total assets less current liabilities
(59,561)
(49,198)
Creditors: amounts falling due after more than one year
6
(4,390)
(8,320)
Net liabilities
(63,951)
(57,518)
Capital and reserves
Called up share capital
7
4
4
Profit and loss reserves
(63,955)
(57,522)
Total equity
(63,951)
(57,518)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
STEPHEN HINSLEY PLANNING LIMITED (REGISTERED NUMBER: 11303967)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 28 January 2025
Mr Stephen Hinsley
Director
STEPHEN HINSLEY PLANNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
Stephen Hinsley Planning Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, United Kingdom, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- The amount of turnover can be measure reliably.
- It is probable that the company will receive the consideration under the contract.
-The stage of completion of the contract at the end of the reporting period can be measure reliably; and
- The costs incurred and the costs to complete the contract can be measure reliably.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
- 25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
STEPHEN HINSLEY PLANNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023 and 31 March 2024
1,567
Depreciation and impairment
At 1 April 2023
1,175
Depreciation charged in the year
98
At 31 March 2024
1,273
Carrying amount
At 31 March 2024
294
At 31 March 2023
392
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
3,886
5,083
Other debtors
250
3,886
5,333
STEPHEN HINSLEY PLANNING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
3,843
3,757
Taxation and social security
62,108
51,415
Other creditors
2,150
2,047
68,101
57,219
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,390
8,320
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
3
3
3
3
Ordinary A of £1 each
1
1
1
1
4
4
4
4
8
Bounce Back Loan
Included within loans is an amount of £8,233.22 (2023: £12,076.54) borrowed as part of the CBIL scheme in 2021.
The initial amount borrowed was £19,000 and as part of the loan scheme the UK government guaranteed the advance and paid the interest and fees due for the first 12 months.
The loan now attracts an interest rate of 2.50%.