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Registration number: 05803198

Capital Management CFP Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Capital Management CFP Ltd

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Balance Sheet

4

Notes to the Unaudited Financial Statements

5 to 7

 

Capital Management CFP Ltd

Company Information

Director

Mr Mark Adrian Ainsworth

Company secretary

Mr Michael John Ainsworth

Registered office

Unit 67
Turnberry Park Road
Morley
Leeds
West Yorkshire
LS27 7LE

Accountants

A.P.F. Business Services
Victoria Works
Rook Lane
Bradford
West Yorkshire
BD4 9NL

 

Capital Management CFP Ltd

Director's Report for the Year Ended 31 May 2024

The director presents his report and the financial statements for the year ended 31 May 2024.

Director of the company

The director who held office during the year was as follows:

Mr Mark Adrian Ainsworth

Principal activity

The principal activity of the company is Chartered Financial Planners

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 July 2024
 

.........................................
Mr Mark Adrian Ainsworth
Director

 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Capital Management CFP Ltd
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Capital Management CFP Ltd for the year ended 31 May 2024 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Capital Management CFP Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Capital Management CFP Ltd. You consider that Capital Management CFP 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 accounts of Capital Management CFP 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 accounts.

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

A.P.F. Business Services
Victoria Works
Rook Lane
Bradford
West Yorkshire
BD4 9NL

5 July 2024

 

Capital Management CFP Ltd

(Registration number: 05803198)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

11,550

11,550

Current assets

 

Debtors

15,044

5,644

Other financial assets

12,556

12,556

Cash at bank and in hand

 

123,377

186,389

 

150,977

204,589

Creditors: Amounts falling due within one year

(77,701)

(121,528)

Net current assets

 

73,276

83,061

Total assets less current liabilities

 

84,826

94,611

Creditors: Amounts falling due after more than one year

(22,563)

(27,978)

Net assets

 

62,263

66,633

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

62,262

66,632

Shareholders' funds

 

62,263

66,633

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved and authorised by the director on 8 July 2024
 

.........................................
Mr Mark Adrian Ainsworth
Director

 

Capital Management CFP Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 67
Turnberry Park Road
Morley
Leeds
West Yorkshire
LS27 7LE

These financial statements were authorised for issue by the director on 8 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Capital Management CFP Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% straight line basis

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 4).

 

Capital Management CFP Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Properties under construction
 £

Total
£

Cost or valuation

At 1 June 2023

8,583

11,500

20,083

At 31 May 2024

8,583

11,500

20,083

Depreciation

At 1 June 2023

8,533

-

8,533

At 31 May 2024

8,533

-

8,533

Carrying amount

At 31 May 2024

50

11,500

11,550

At 31 May 2023

50

11,500

11,550

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1