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REGISTERED NUMBER: 08056061 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Everlong Financial Planning Limited

Everlong Financial Planning Limited (Registered number: 08056061)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Everlong Financial Planning Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D Cartwright
Mrs L Cartwright





REGISTERED OFFICE: 31 West End Grove
Horsforth
Leeds
West Yorkshire
LS18 5JJ





REGISTERED NUMBER: 08056061 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Everlong Financial Planning Limited (Registered number: 08056061)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327 489
Investments 5 43,823 41,216
44,150 41,705

CURRENT ASSETS
Debtors 6 11,000 11,000
Cash at bank 6,881 3,979
17,881 14,979
CREDITORS
Amounts falling due within one year 7 34,912 29,245
NET CURRENT LIABILITIES (17,031 ) (14,266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,119

27,439

CREDITORS
Amounts falling due after more than one year 8 (20,220 ) (23,691 )

PROVISIONS FOR LIABILITIES (82 ) (122 )
NET ASSETS 6,817 3,626

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,717 3,526
SHAREHOLDERS' FUNDS 6,817 3,626

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.

Everlong Financial Planning Limited (Registered number: 08056061)

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 20 February 2025 and were signed on its behalf by:





D Cartwright - Director


Everlong Financial Planning Limited (Registered number: 08056061)

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

1. STATUTORY INFORMATION

Everlong 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 as modified by the revaluation of certain assets.

Turnover
Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.

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

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges recognised in profit or loss.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Everlong Financial Planning Limited (Registered number: 08056061)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 1,949 3,328 5,277
Additions - 225 225
At 31 May 2024 1,949 3,553 5,502
DEPRECIATION
At 1 June 2023 1,713 3,075 4,788
Charge for year 59 328 387
At 31 May 2024 1,772 3,403 5,175
NET BOOK VALUE
At 31 May 2024 177 150 327
At 31 May 2023 236 253 489

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 41,216
Additions 247
Revaluations 2,360
At 31 May 2024 43,823
NET BOOK VALUE
At 31 May 2024 43,823
At 31 May 2023 41,216

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2021 279
Valuation in 2022 (6,435 )
Valuation in 2023 625
Valuation in 2024 2,360
Cost 46,994
43,823

Everlong Financial Planning Limited (Registered number: 08056061)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 11,000 11,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 3,471 3,386
Taxation and social security 25,829 18,798
Other creditors 5,612 7,061
34,912 29,245

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 20,220 23,691

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 5,434 9,270

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
D Cartwright and Mrs L Cartwright
Balance outstanding at start of year - -
Amounts advanced 98,527 64,889
Amounts repaid (98,527 ) (64,889 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest has been charged at the official rate.
This is repayable on demand.