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REGISTERED NUMBER: 05224954 (England and Wales)















Unaudited Financial Statements

For The Year Ended 30 September 2024

for

FARADAY FINANCIAL PLANNING LIMITED

FARADAY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 05224954)

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


FARADAY FINANCIAL PLANNING LIMITED

Company Information
For The Year Ended 30 September 2024







DIRECTORS: A B Clarkin
Mrs C H Clarkin





SECRETARY: Mrs C H Clarkin





REGISTERED OFFICE: 13 Beech Waye
Gerrards Cross
Buckinghamshirre
SL9 8BL





REGISTERED NUMBER: 05224954 (England and Wales)





ACCOUNTANTS: Godfrey, Anderson & Co
6 Portland Business Centre
Manor House Lane
Datchet
Berkshire
SL3 9EG

FARADAY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 05224954)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,182 16,242
Investments 5 2,999 2,999
15,181 19,241

CURRENT ASSETS
Investments 6 294,892 305,952
Cash at bank and in hand 21,554 14,636
316,446 320,588
CREDITORS
Amounts falling due within one year 7 52,798 32,090
NET CURRENT ASSETS 263,648 288,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,829

307,739

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 268,829 297,739
278,829 307,739

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.

FARADAY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 05224954)

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 24 June 2025 and were signed on its behalf by:





A B Clarkin - Director


FARADAY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 05224954)

Notes to the Financial Statements
For The Year Ended 30 September 2024


1. STATUTORY INFORMATION

Faraday Financial Planning Limited 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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.

FARADAY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 05224954)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 21,657
DEPRECIATION
At 1 October 2023 5,415
Charge for year 4,060
At 30 September 2024 9,475
NET BOOK VALUE
At 30 September 2024 12,182
At 30 September 2023 16,242

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 2,999
NET BOOK VALUE
At 30 September 2024 2,999
At 30 September 2023 2,999

6. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Transact capital adequacy 29,991 17,473
Transact working capital 264,901 288,479
294,892 305,952

FARADAY FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 05224954)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 3,302 5,564
Trade creditors 1 (2 )
Taxation and social security 29,143 22,953
Other creditors 20,352 3,575
52,798 32,090

8. RELATED PARTY DISCLOSURES

The company operates from premises owned by the directors. A notional sum has been charged in the accounts for the use of those premises.