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REGISTERED NUMBER: 08448809 (England and Wales)





















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Browning Financial Planning Ltd

Browning Financial Planning Ltd (Registered number: 08448809)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Browning Financial Planning Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D Browning
Mrs J Browning
B Browning
S Browning





SECRETARY: Mrs J Browning





REGISTERED OFFICE: First Floor Cef Building
Broomhill Way
Torquay
Devon
TQ2 7QN





REGISTERED NUMBER: 08448809 (England and Wales)





ACCOUNTANTS: Mark Ward Chartered Certified Accountants
First Floor Cef Building
Broomhill Way
Torquay
Devon
TQ2 7QN

Browning Financial Planning Ltd (Registered number: 08448809)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 2,100 3,150
Tangible assets 5 45,124 3,939
47,224 7,089

CURRENT ASSETS
Debtors 6 6,744 1,770
Investments 7 37,630 30,620
Cash at bank 9,181 14,726
53,555 47,116
CREDITORS
Amounts falling due within one year 8 37,108 24,390
NET CURRENT ASSETS 16,447 22,726
TOTAL ASSETS LESS CURRENT LIABILITIES 63,671 29,815

CREDITORS
Amounts falling due after more than one
year

9

(33,360

)

-

PROVISIONS FOR LIABILITIES (1,718 ) -
NET ASSETS 28,593 29,815

CAPITAL AND RESERVES
Called up share capital 204 204
Fair value reserve 10 7,010 -
Retained earnings 21,379 29,611
28,593 29,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Browning Financial Planning Ltd (Registered number: 08448809)

Balance Sheet - continued
30 September 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 6 May 2025 and were signed on its behalf by:





D Browning - Director


Browning Financial Planning Ltd (Registered number: 08448809)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Browning Financial Planning Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.


Browning Financial Planning Ltd (Registered number: 08448809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 10,500
AMORTISATION
At 1 October 2023 7,350
Charge for year 1,050
At 30 September 2024 8,400
NET BOOK VALUE
At 30 September 2024 2,100
At 30 September 2023 3,150

Browning Financial Planning Ltd (Registered number: 08448809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 9,102
Additions 52,811
At 30 September 2024 61,913
DEPRECIATION
At 1 October 2023 5,163
Charge for year 11,626
At 30 September 2024 16,789
NET BOOK VALUE
At 30 September 2024 45,124
At 30 September 2023 3,939

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
Additions 47,816
At 30 September 2024 47,816
DEPRECIATION
Charge for year 9,563
At 30 September 2024 9,563
NET BOOK VALUE
At 30 September 2024 38,253

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,700 1,600
Other debtors 5,044 170
6,744 1,770

Browning Financial Planning Ltd (Registered number: 08448809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Listed investments 37,630 30,620

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Finance leases 4,832 -
Taxation and social security 24,480 23,562
Other creditors 7,796 828
37,108 24,390

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Finance leases 33,360 -

10. RESERVES
Fair
value
reserve
£   
Transfer from P&L reserve 7,010

At 30 September 2024 7,010