Priority Financial Planning Limited 00782501 Financial Services false 1 January 2024 00782501 2024-01-01 2024-12-31 00782501 2023-12-31 00782501 2024-12-31 00782501 2023-01-01 2023-12-31 00782501 2022-12-31 00782501 2023-12-31 00782501 frs102-bus:FRS102 2024-01-01 2024-12-31 00782501 frs102-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00782501 frs102-bus:FullAccounts 2024-01-01 2024-12-31 00782501 frs102-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00782501 frs102-core:CurrentFinancialInstruments 2024-12-31 00782501 frs102-core:CurrentFinancialInstruments 2023-12-31 00782501 frs102-core:Non-currentFinancialInstruments 2024-12-31 00782501 frs102-core:Non-currentFinancialInstruments 2023-12-31 00782501 frs102-core:ShareCapital 2024-12-31 00782501 frs102-core:ShareCapital 2023-12-31 00782501 frs102-core:RetainedEarningsAccumulatedLosses 2024-12-31 00782501 frs102-core:RetainedEarningsAccumulatedLosses 2023-12-31 00782501 frs102-bus:Director1 2024-01-01 2024-12-31 00782501 frs102-core:LandBuildings 2024-01-01 2024-12-31 00782501 frs102-core:PlantMachinery 2024-01-01 2024-12-31 00782501 frs102-core:LandBuildings 2023-12-31 00782501 frs102-core:PlantMachinery 2023-12-31 00782501 frs102-core:LandBuildings 2024-12-31 00782501 frs102-core:PlantMachinery 2024-12-31 00782501 frs102-core:LandBuildings 2023-12-31 00782501 frs102-core:PlantMachinery 2023-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
00782501
Priority Financial Planning Limited
Unaudited Accounts
for the year ended
31 December 2024
Priority Financial Planning Limited
Balance Sheet
as at 31 December 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 4 12,600 21,891
12,600 21,891
Current assets
Debtors 5 0 3,507
Cash at bank and in hand 229,286 249,239
229,286 252,746
Creditors: amounts falling due within one year (53,574) (63,398)
Net current assets / (liabilities) 175,712 189,348
Total assets less current liabilities 188,312 211,239
Creditors: amounts falling due after more than one year 6 (1,366) (0)
Provisions for liabilities (0) (1,366)
Total net assets (liabilities) 186,946 209,873
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 185,946 208,873
Shareholders' funds 186,946 209,873

Priority Financial Planning Limited
Balance Sheet
as at 31 December 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

A Prior

Director


Approved by the board on 14 February 2025

Company Number: 00782501 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

30 Chartwell Way
High Wycombe
Buckinghamshire
HP11 1FZ
England

Priority Financial Planning Limited
Notes to the Accounts
for the year ended 31 December 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Land & buildings 10% Straight Line
Plant & machinery 25% Straight Line
2. Profit or loss

Profit before tax is stated after charging the following:

2024

2023
£ £
Directors' remuneration 7,500 7,000

3. Employees
2024 2023
Average number of employees during the period 4 4

4. Tangible fixed assets
Land & buildings Plant & machinery Total
Cost or valuation £ £ £
At 1 January 2024 21,000 30,572 51,572
At 31 December 2024 21,000 30,572 51,572
Depreciation
At 1 January 2024 6,300 23,381 29,681
Charge for the period 2,100 7,191 9,291
At 31 December 2024 8,400 30,572 38,972
Net book value
At 31 December 2024 12,600 0 12,600
At 31 December 2023 14,700 7,191 21,891

5. Debtors
2024 2023
£ £
Other debtors 0 3,507
0 3,507

6. Creditors: amounts falling due after one year
2024 2023
£ £
Other 1,366 0
1,366 0