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Registered number: 05158621
Suitable Financial Advice Ltd
Unaudited Financial Statements
For the Period 1 July 2024 to 19 January 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05158621
19 January 2025 30 June 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 5,000
Tangible Assets 5 273 298
Investments 6 - 25,976
273 31,274
CURRENT ASSETS
Debtors 7 15,652 -
Cash at bank and in hand 70,878 31,081
86,530 31,081
Creditors: Amounts Falling Due Within One Year 8 (27,837 ) (17,327 )
NET CURRENT ASSETS (LIABILITIES) 58,693 13,754
TOTAL ASSETS LESS CURRENT LIABILITIES 58,966 45,028
NET ASSETS 58,966 45,028
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 58,964 45,026
SHAREHOLDERS' FUNDS 58,966 45,028
Page 1
Page 2
For the period ending 19 January 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alasdair McWilliams
Director
17th March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Suitable Financial Advice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05158621 . The registered office is The Old Library, 231 Eaves Lane, Chorley, Lancashire, PR6 0AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill represents the amount paid in connection with the acquisition of a business, which is recognized at cost.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
Fixtures & Fittings 15% on reducing balance
2.5. 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.
2.6. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the period was: 4 (2024: 4)
4 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2024 5,000
As at 19 January 2025 5,000
Amortisation
As at 1 July 2024 -
Impairment losses 5,000
As at 19 January 2025 5,000
Net Book Value
As at 19 January 2025 -
As at 1 July 2024 5,000
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2024 350 4,894 5,244
As at 19 January 2025 350 4,894 5,244
Depreciation
As at 1 July 2024 350 4,596 4,946
Provided during the period - 25 25
As at 19 January 2025 350 4,621 4,971
Net Book Value
As at 19 January 2025 - 273 273
As at 1 July 2024 - 298 298
6. Investments
Other
£
Cost
As at 1 July 2024 25,976
Disposals (25,890 )
Revaluations (86 )
As at 19 January 2025 -
Provision
As at 1 July 2024 -
As at 19 January 2025 -
Net Book Value
As at 19 January 2025 -
As at 1 July 2024 25,976
7. Debtors
19 January 2025 30 June 2024
£ £
Due within one year
Trade debtors 15,652 -
8. Creditors: Amounts Falling Due Within One Year
19 January 2025 30 June 2024
£ £
Other creditors 3,050 980
Taxation and social security 24,787 16,347
27,837 17,327
Page 4
Page 5
9. Share Capital
19 January 2025 30 June 2024
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.00 each 2 2
Page 5