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Registered Number: 08925070
England and Wales

 

 

 

FERNQUEST FINANCIAL PLANNING LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2024

End date: 31 March 2025
Director Luke Fernquest
Registered Number 08925070
Registered Office BLUE HILLS
LLANDEVAUD
NEWPORT
NP18 2AA
Accountants Child and Child Accountants Ltd
49 Somerset Street
Abertillery
NP13 1DL
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 4 106,290    125,604 
106,290    125,604 
Current assets      
Debtors 5 289,619    251,448 
Cash at bank and in hand 51,949    53,242 
341,568    304,690 
Creditors: amount falling due within one year 6 (47,543)   (42,753)
Net current assets 294,025    261,937 
 
Total assets less current liabilities 400,315    387,541 
Creditors: amount falling due after more than one year 7 (22,268)   (54,428)
Net assets 378,047    333,113 
 

Capital and reserves
     
Called up share capital 3    3 
Profit and loss account 378,044    333,110 
Shareholders' funds 378,047    333,113 
 


For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 23 May 2025 and were signed by:


-------------------------------
Luke Fernquest
Director
2
General Information
FERNQUEST FINANCIAL PLANNING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08925070, registration address BLUE HILLS, LLANDEVAUD, NEWPORT, NP18 2AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Staff Costs

2025
£
  2024
£
Wages and salaries 57,867    68,197 
Pension costs, defined contribution plan 31,736    23,604 
Other staff costs 1,683    1,200 
91,286    93,001 
 
Average number of employees during the year Number   Number
Sales 3    3 
 

3.

Average number of employees

Average number of employees during the year was 3 (2024 : 3).
4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Land and Buildings   Total
  £   £   £   £   £
At 01 April 2024 113,118    1,869    11,750    44,949    171,686 
Additions     548      548 
Disposals        
At 31 March 2025 113,118    1,869    12,298    44,949    172,234 
Depreciation
At 01 April 2024 38,702    1,222    6,160      46,084 
Charge for year 18,604    129    1,127      19,860 
On disposals        
At 31 March 2025 57,306    1,351    7,287      65,944 
Net book values
Closing balance as at 31 March 2025 55,812    518    5,011    44,949    106,290 
Opening balance as at 01 April 2024 74,416    647    5,592    44,949    125,604 

The net book value of Land and Buildings includes £ 44,949 (2024 £44,949) in respect of assets leased under finance leases or hire purchase contracts.

5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Other Debtors 267,066    236,395 
Other Debtors 1 22,553    15,053 
289,619    251,448 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Bank Loans 5,561    5,561 
Corporation Tax 37,011    19,761 
PAYE & Social Security 608    546 
Accruals 4,338    4,062 
Obligations under HP/Financial Leases   12,745 
Directors' Current Accounts 25    78 
47,543    42,753 

7.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts 22,268    27,713 
Obligations Under HP/Financial Leases   26,715 
22,268    54,428 

3