Registered number
08251661
Richard Cavey Financial Planning Limited
Filleted Accounts
31 October 2024
Richard Cavey Financial Planning Limited
Registered number: 08251661
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 706 882
Current assets
Debtors 5 - 150
Cash at bank and in hand 26,912 38,141
26,912 38,291
Creditors: amounts falling due within one year 6 (9,144) (7,806)
Net current assets 17,768 30,485
Net assets 18,474 31,367
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,374 31,267
Shareholders' funds 18,474 31,367
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Cavey
Director
Approved by the board on 29 April 2025
Richard Cavey Financial Planning Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 9,000
At 31 October 2024 9,000
Amortisation
At 1 November 2023 9,000
At 31 October 2024 9,000
Net book value
At 31 October 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 2,006 - 2,006
Additions - - -
At 31 October 2024 2,006 - 2,006
Depreciation
At 1 November 2023 1,124 - 1,124
Charge for the year 176 - 176
At 31 October 2024 1,300 - 1,300
Net book value
At 31 October 2024 706 - 706
At 31 October 2023 882 - 882
5 Debtors 2024 2023
£ £
Prepayments - 150
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 6,828 5,558
Directors Account 861 862
Accruals 1,455 1,386
9,144 7,806
7 Other information
Richard Cavey Financial Planning Limited is a private company limited by shares and incorporated in England. Its registered office is:
21a Willow Road
Prestwich
Manchester
M25 3AG
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