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Company Registration No. 13565899 (England and Wales)
Collins & Co Financial Planning Ltd Unaudited accounts for the year ended 31 August 2024
Collins & Co Financial Planning Ltd Unaudited accounts Contents
Page
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Collins & Co Financial Planning Ltd Company Information for the year ended 31 August 2024
Directors
Gareth Edward David Collins Stephanie Jane Manwaring
Company Number
13565899 (England and Wales)
Registered Office
5 NORWOOD CLOSE HINCKLEY LE10 1TS ENGLAND
Accountants
Get Smart Accountants Ltd 9 Gough Close Codsall South Staffs WV8 1FF
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Collins & Co Financial Planning Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
645,730 
645,730 
Tangible assets
276 
368 
646,006 
646,098 
Current assets
Debtors
9,599 
7,988 
Cash at bank and in hand
1,695 
938 
11,294 
8,926 
Creditors: amounts falling due within one year
(218,976)
(417,947)
Net current liabilities
(207,682)
(409,021)
Total assets less current liabilities
438,324 
237,077 
Creditors: amounts falling due after more than one year
(342,767)
(175,850)
Net assets
95,557 
61,227 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
95,457 
61,127 
Shareholders' funds
95,557 
61,227 
For the year ending 31 August 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by
Gareth Edward David Collins Director Company Registration No. 13565899
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Collins & Co Financial Planning Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Collins & Co Financial Planning Ltd is a private company, limited by shares, registered in England and Wales, registration number 13565899. The registered office is 5 NORWOOD CLOSE, HINCKLEY, LE10 1TS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost with no amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
645,730 
At 31 August 2024
645,730 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
645,730 
At 31 August 2023
645,730 
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Collins & Co Financial Planning Ltd Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
460 
At 31 August 2024
460 
Depreciation
At 1 September 2023
92 
Charge for the year
92 
At 31 August 2024
184 
Net book value
At 31 August 2024
276 
At 31 August 2023
368 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
9,599 
7,988 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
117,075 
361,340 
Trade creditors
255 
957 
Taxes and social security
32,859 
29,411 
Other creditors
14,917 
9,354 
Loans from directors
53,870 
16,885 
218,976 
417,947 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
342,767 
175,850 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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