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Company Registration No. 10436770 (England & Wales)
Kingswood Partnership Financial Planning Limited
Unaudited Accounts
for the year ended 31 October 2024
Kingswood Partnership Financial Planning Limited
Statement of financial position
as at 31 October 2024
2024
2023
Fixed assets
Tangible assets
4
9,533
14,511
9,533
14,511
Current assets
Debtors
5
363,478
246,470
Cash at bank and in hand
27,028
8,143
390,506
254,613
Creditors: amounts falling due within one year
6
(403,932)
(343,962)
Net current assets
(13,426)
(89,349)
Total assets less current liabilities
(3,893)
(74,838)
Creditors: amounts falling due after more than one year
7
(18,711)
(17,089)
Net assets
(22,604)
(91,927)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(22,704)
(92,027)
Shareholder funds
(22,604)
(91,927)
For the year ending 31 October 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 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 were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by .............................................................. Tara Louisa Wood Director Company Registration Number: 10436770
Kingswood Partnership Financial Planning Limited
Notes to the Accounts
for the year ended 31 October 2024
1. Statutory information
Kingswood Partnership Financial Planning Limited is a private company, limited by shares, registered in England & Wales, registration number 10436770. The registered office is One Ash, Loughborough Road, Loughborough, Leicestershire, LE12 8UE.
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.
4. Tangible fixed assets
Computer
Total
equipment
Cost or valuation
At cost
At 1 November 2023
23,963
23,963
Additions
2,181
2,181
At 31 October 2024
26,144
26,144
Depreciation
At 1 November 2023
9,452
9,452
Charge for the year
7,159
7,159
At 31 October 2024
16,611
16,611
Net book value
At 31 October 2024
9,533
9,533
At 31 October 2023
14,511
14,511
5. Debtors
2024
2023
Amounts falling due within one year
Trade debtors
356,481
238,819
Accrued income and prepayments
6,997
7,651
363,478
246,470
6. Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,939
9,500
VAT
27,912
22,583
Trade creditors
32,574
11,437
Taxes and social security
3,077
1,524
Loans from directors
334,070
297,818
Accruals
2,360
1,100
403,932
343,962
Kingswood Partnership Financial Planning Limited
Notes to the Accounts (cont.)
for the year ended 31 October 2024
7. Creditors: amounts falling due after more than one year
2024
2023
Bank loans
18,711
17,089
18,711
17,089
8. Average number of employees
During the year the average number of employees was 3 (2023: 3).
9. Tangible fixed assets and depreciation
Computer Equipment
33% SL