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REGISTERED NUMBER: 09040481 (England and Wales)















MY FINANCIAL PLANNING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






MY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 09040481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


MY FINANCIAL PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr M A Young
Mrs L Young





REGISTERED OFFICE: 20 Kings Lynn Road
Hunstanton
Norfolk
PE36 5HP





BUSINESS ADDRESS: c/o Continuum
Regus House
Fairbourne Drive
Atterbury
Milton Keynes
MK10 9RG





REGISTERED NUMBER: 09040481 (England and Wales)






MY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 09040481)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,624 -

CURRENT ASSETS
Work in progress 5 16,627 6,223
Debtors 6 466 1,688
Cash at bank 97,598 90,640
114,691 98,551
CREDITORS
Amounts falling due within one year 7 39,417 42,405
NET CURRENT ASSETS 75,274 56,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,898

56,146

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,798 56,046
SHAREHOLDERS' FUNDS 76,898 56,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 09040481)

BALANCE SHEET - continued
31 MAY 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 Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:




Mr M A Young - Director



Mrs L Young - Director


MY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 09040481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

MY Financial Planning Limited 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 represents net invoiced and accrued fees, excluding value added tax

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Work in progress
Work in progress is valued at the lower of cost, and and fair value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

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

MY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 09040481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 6,469
Additions 2,436
At 31 May 2024 8,905
DEPRECIATION
At 1 June 2023 6,469
Charge for year 812
At 31 May 2024 7,281
NET BOOK VALUE
At 31 May 2024 1,624
At 31 May 2023 -

5. WORK IN PROGRESS
2024 2023
£    £   
Work-in-progress 16,627 6,223

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Accrued income 466 1,688

MY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 09040481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 1,311 1,129
Corporation tax 29,484 33,033
Social security and other taxes 2,119 1,881
Other creditors 414 323
Company credit card 49 159
Joint Directors' Account 2,660 2,500
Accrued expenses 3,380 3,380
39,417 42,405