10 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 48,705 5,133 53,838 33,190 7,009 40,199 13,639 15,515 xbrli:pure xbrli:shares iso4217:GBP 03621676 2023-12-01 2024-11-30 03621676 2024-11-30 03621676 2023-11-30 03621676 2022-12-01 2023-11-30 03621676 2023-11-30 03621676 2022-11-30 03621676 bus:Director2 2023-12-01 2024-11-30 03621676 core:WithinOneYear 2024-11-30 03621676 core:WithinOneYear 2023-11-30 03621676 core:AfterOneYear 2024-11-30 03621676 core:ShareCapital 2024-11-30 03621676 core:ShareCapital 2023-11-30 03621676 core:RetainedEarningsAccumulatedLosses 2024-11-30 03621676 core:RetainedEarningsAccumulatedLosses 2023-11-30 03621676 bus:Director1 2023-12-01 2024-11-30 03621676 bus:SmallEntities 2023-12-01 2024-11-30 03621676 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 03621676 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 03621676 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 03621676 bus:FullAccounts 2023-12-01 2024-11-30 03621676 core:OfficeEquipment 2023-12-01 2024-11-30 03621676 core:OfficeEquipment 2023-11-30 03621676 core:OfficeEquipment 2024-11-30
COMPANY REGISTRATION NUMBER: 03621676
Aisa Financial Planning Limited
Filleted Unaudited Financial Statements
For the year ended
30 November 2024
Aisa Financial Planning Limited
Statement of Financial Position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
13,639
15,515
Current assets
Debtors: due within one year
6
90,222
83,227
Debtors: due after more than one year
6
37,727
Cash at bank and in hand
177,031
190,734
---------
---------
304,980
273,961
Creditors: amounts falling due within one year
7
78,741
47,972
---------
---------
Net current assets
226,239
225,989
---------
---------
Total assets less current liabilities
239,878
241,504
Provisions
Taxation including deferred tax
2,936
3,526
---------
---------
Net assets
236,942
237,978
---------
---------
Capital and reserves
Called up share capital
200
200
Profit and loss account
236,742
237,778
---------
---------
Shareholders funds
236,942
237,978
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Aisa Financial Planning Limited
Statement of Financial Position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 30 April 2025 , and are signed on behalf of the board by:
Mr C R Tutton
Director
Company registration number: 03621676
Aisa Financial Planning Limited
Notes to the Financial Statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 5, The Grain Store, Manor Farm Yard Coate, Devizes, England, SN10 3LP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents income earned during the year in respect of commission, and represents value of work done in the year in respect of fees for long-term contracts and contracts for on-going services. New business is treated as earned once an agreement with a product provider is signed. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
Research expenditure
Research expenditure is written off in the period in which it is incurred.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 10 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 December 2023
48,705
48,705
Additions
5,133
5,133
--------
--------
At 30 November 2024
53,838
53,838
--------
--------
Depreciation
At 1 December 2023
33,190
33,190
Charge for the year
7,009
7,009
--------
--------
At 30 November 2024
40,199
40,199
--------
--------
Carrying amount
At 30 November 2024
13,639
13,639
--------
--------
At 30 November 2023
15,515
15,515
--------
--------
6. Debtors
Debtors falling due within one year are as follows:
2024
2023
£
£
Trade debtors
43,499
42,404
Other debtors
46,723
40,823
--------
--------
90,222
83,227
--------
--------
Debtors falling due after one year are as follows:
2024
2023
£
£
Other debtors
37,727
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,379
6,245
Social security and other taxes
59,788
30,442
Other creditors
10,574
11,285
--------
--------
78,741
47,972
--------
--------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are £32,200 (2023: £54,170).
9. Directors' advances, credits and guarantees
During the year the company made advances to and received repayments from a director. Interest has been charged at the official HMRC rate on any overdrawn loan account balances greater than £10,000. There are no repayment terms.
2024 2023
£ £
Amounts advanced 45,000
Amounts repaid 5,571
Balance due to the company at the year end 39,429