Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-28false2024-03-01falseABC22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13922409 2024-03-01 2025-02-28 13922409 2023-03-01 2024-02-29 13922409 2025-02-28 13922409 2024-02-29 13922409 c:Director1 2024-03-01 2025-02-28 13922409 c:Director2 2024-03-01 2025-02-28 13922409 d:PlantMachinery 2024-03-01 2025-02-28 13922409 d:PlantMachinery 2025-02-28 13922409 d:PlantMachinery 2024-02-29 13922409 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13922409 d:OfficeEquipment 2024-03-01 2025-02-28 13922409 d:OfficeEquipment 2025-02-28 13922409 d:OfficeEquipment 2024-02-29 13922409 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13922409 d:OwnedOrFreeholdAssets 2024-03-01 2025-02-28 13922409 d:CurrentFinancialInstruments 2025-02-28 13922409 d:CurrentFinancialInstruments 2024-02-29 13922409 d:Non-currentFinancialInstruments 2025-02-28 13922409 d:Non-currentFinancialInstruments 2024-02-29 13922409 d:CurrentFinancialInstruments d:WithinOneYear 2025-02-28 13922409 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13922409 d:Non-currentFinancialInstruments d:AfterOneYear 2025-02-28 13922409 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 13922409 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-02-28 13922409 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-02-29 13922409 d:ShareCapital 2025-02-28 13922409 d:ShareCapital 2024-02-29 13922409 d:RetainedEarningsAccumulatedLosses 2025-02-28 13922409 d:RetainedEarningsAccumulatedLosses 2024-02-29 13922409 c:OrdinaryShareClass1 2024-03-01 2025-02-28 13922409 c:OrdinaryShareClass1 2025-02-28 13922409 c:OrdinaryShareClass1 2024-02-29 13922409 c:FRS102 2024-03-01 2025-02-28 13922409 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 13922409 c:FullAccounts 2024-03-01 2025-02-28 13922409 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 13922409 2 2024-03-01 2025-02-28 13922409 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13922409









OCTO FINANCIAL PLANNING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
OCTO FINANCIAL PLANNING LTD
REGISTERED NUMBER: 13922409

BALANCE SHEET
AS AT 28 FEBRUARY 2025

2025
As restated 2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1,011

Current assets
  

Debtors: amounts falling due within one year
 5 
194,032
59,467

Cash at bank and in hand
 6 
205,213
260,439

  
399,245
319,906

Creditors: amounts falling due within one year
 7 
(368,346)
(66,712)

Net current assets
  
 
 
30,899
 
 
253,194

Total assets less current liabilities
  
30,899
254,205

Creditors: amounts falling due after more than one year
 8 
-
(252,591)

  

Net assets
  
30,899
1,614


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
30,799
1,514

  
30,899
1,614


Page 1

 
OCTO FINANCIAL PLANNING LTD
REGISTERED NUMBER: 13922409
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Pearson
J Summerfield
Director
Director


Date: 20 June 2025
Date:20 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
OCTO FINANCIAL PLANNING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1.


General information

Octo Financial Planning Ltd is a private limited company limited by shares incorporated in England and Wales. The address of the registered office is Charles Lake House Claire Causeway, Crossways Business Park, Dartford, DA2 6QA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
OCTO FINANCIAL PLANNING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
OCTO FINANCIAL PLANNING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).


4.


Tangible fixed assets







Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 March 2024
265
2,237
2,502


Disposals
(265)
(130)
(395)



At 28 February 2025

-
2,107
2,107



Depreciation


At 1 March 2024
-
1,491
1,491


Charge for the year on owned assets
-
703
703


Disposals
-
(87)
(87)



At 28 February 2025

-
2,107
2,107



Net book value



At 28 February 2025
-
-
-



At 29 February 2024
265
746
1,011

Page 5

 
OCTO FINANCIAL PLANNING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

5.


Debtors

2025
2024
£
£


Trade debtors
34,823
6

Other debtors
159,209
59,461

194,032
59,467



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
205,213
260,439

205,213
260,439



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Loans
250,000
-

Trade creditors
19,923
661

Corporation tax
94,448
13,490

Other creditors
-
52,561

Accruals and deferred income
3,975
-

368,346
66,712



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Loans
-
252,591

-
252,591


Page 6

 
OCTO FINANCIAL PLANNING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

9.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Loans
250,000
-

250,000
-

Amounts falling due 1-2 years

Loans
-
252,591



250,000
252,591



10.


Share capital

28 February
29 February
2025
2024
£
£
Allotted, called up and fully paid



100 (2024 - 100) Ordinary shares of £1.00 each
100
100



11.


Prior year adjustment

A prior year adjustment was made in respect of share capital being incorrect in prior period accounts. This adjustment affected the share capital and debtors due within one year within the accounts.


12.


Related party transactions

Included within other debtors is an amount of £112,727 (2024 - £58,650) due from the directors of the company.

 
Page 7