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Registered number: 12103600
Coastal Financial Planning Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12103600
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,126 27,778
24,126 27,778
CURRENT ASSETS
Debtors 5 76,815 79,896
Cash at bank and in hand 105,628 104,430
182,443 184,326
Creditors: Amounts Falling Due Within One Year 6 (82,870 ) (74,113 )
NET CURRENT ASSETS (LIABILITIES) 99,573 110,213
TOTAL ASSETS LESS CURRENT LIABILITIES 123,699 137,991
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,855 ) (6,729 )
NET ASSETS 117,844 131,262
CAPITAL AND RESERVES
Called up share capital 7 300 300
Profit and Loss Account 117,544 130,962
SHAREHOLDERS' FUNDS 117,844 131,262
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For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A G Chandler
Director
1 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Coastal Financial Planning Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of financial advice and related services is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the date the service is provided.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Leasehold 10% straight line
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets acquired under hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset.  The related obligations, net of future finance charges, are included in creditors.
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, 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.
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2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.7. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 6)
7 6
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 April 2024 22,129 49,387 71,516
Additions - 3,381 3,381
As at 31 March 2025 22,129 52,768 74,897
Depreciation
As at 1 April 2024 10,252 33,486 43,738
Provided during the period 2,213 4,820 7,033
As at 31 March 2025 12,465 38,306 50,771
Net Book Value
As at 31 March 2025 9,664 14,462 24,126
As at 1 April 2024 11,877 15,901 27,778
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 59,041 61,003
Prepayments and accrued income 11,998 12,482
Other debtors 5,318 5,318
Directors' loan accounts 458 1,093
76,815 79,896
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 77,604 69,373
Other creditors 1,182 999
Accruals and deferred income 2,359 2,160
Directors' loan accounts 1,725 1,581
82,870 74,113
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7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 1.00 each 100 150
100 Ordinary B shares of £ 1.00 each 100 150
50 Ordinary C shares of £ 1.00 each 50 -
50 Ordinary D shares of £ 1.00 each 50 -
300 300
During the year, 50 Ordinary A shares and 50 Ordinary B shares were reclassified as 50 Ordinary C shares and 50 Ordinary D shares respectively.
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Aidan Chandler 1,093 1,906 2,541 - 458
The above loan is provided interest free and repayable on demand.
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