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REGISTERED NUMBER: 09107734 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

FINANCIAL ADVICE MADE EASY LTD

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINANCIAL ADVICE MADE EASY LTD

Company Information
for the Year Ended 30th June 2024







DIRECTOR: Mr M J Dowler





REGISTERED OFFICE: Cornwall Buildings
45 Newhall Street
Birmingham
B3 3QR





REGISTERED NUMBER: 09107734 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,684 1,562

CURRENT ASSETS
Debtors 5 38,165 61,194
Cash at bank 25,676 17,469
63,841 78,663
CREDITORS
Amounts falling due within one year 6 18,126 19,677
NET CURRENT ASSETS 45,715 58,986
TOTAL ASSETS LESS CURRENT LIABILITIES 47,399 60,548

CREDITORS
Amounts falling due after more than one year 7 (23,728 ) (27,992 )

PROVISIONS FOR LIABILITIES 9 (320 ) (297 )
NET ASSETS 23,351 32,259

CAPITAL AND RESERVES
Called up share capital 10 101 101
Retained earnings 23,250 32,158
SHAREHOLDERS' FUNDS 23,351 32,259

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

Balance Sheet - continued
30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th December 2024 and were signed by:





Mr M J Dowler - Director


FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. STATUTORY INFORMATION

Financial Advice Made Easy 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.

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 - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 3 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2023 232 2,082 2,314
Additions - 1,289 1,289
At 30th June 2024 232 3,371 3,603
DEPRECIATION
At 1st July 2023 58 694 752
Charge for year 43 1,124 1,167
At 30th June 2024 101 1,818 1,919
NET BOOK VALUE
At 30th June 2024 131 1,553 1,684
At 30th June 2023 174 1,388 1,562

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,779 55,815
Accrued income 5,386 5,379
38,165 61,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 4,233 4,233
Trade creditors 164 155
Tax 10,774 14,191
Other creditors 1,843 80
Net wages 793 706
Directors' current accounts 319 312
18,126 19,677

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 23,728 27,992

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,955 10,219

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,233 4,233

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,353 4,353

Amounts falling due between two and five years:
Bank loans - 2-5 years 13,420 13,420

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,955 10,219

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 320 297

FINANCIAL ADVICE MADE EASY LTD (REGISTERED NUMBER: 09107734)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st July 2023 297
Provided during year 23
Balance at 30th June 2024 320

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 100 100 100
100 Ordinary B 0.01 1 1
101 101

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M J Dowler.