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REGISTERED NUMBER: SC431746 (Scotland)












Financial Statements

for the Year Ended 31 March 2025

for

Reed Financial Planning Limited

Reed Financial Planning Limited (Registered number: SC431746)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Reed Financial Planning Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mr J Reed





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC431746 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Reed Financial Planning Limited (Registered number: SC431746)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 3 67,670 84,348

CURRENT ASSETS
Debtors 4 75,300 75,300
Cash at bank 383,775 346,758
459,075 422,058
CREDITORS
Amounts falling due within one year 5 117,986 87,752
NET CURRENT ASSETS 341,089 334,306
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,759

418,654

CREDITORS
Amounts falling due after more than one year 6 (11,662 ) (53,335 )

PROVISIONS FOR LIABILITIES (5,089 ) (7,110 )
NET ASSETS 392,008 358,209

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 391,908 358,109
SHAREHOLDERS' FUNDS 392,008 358,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Reed Financial Planning Limited (Registered number: SC431746)

Statement of Financial Position - continued
31 March 2025


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 director and authorised for issue on 8 July 2025 and were signed by:





Mr J Reed - Director


Reed Financial Planning Limited (Registered number: SC431746)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. 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.

Going concern
The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Turnover represents the amounts invoiced for the provision of financial advisory services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Reed Financial Planning Limited (Registered number: SC431746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES - continued

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

3. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 26,905 35,444 112,111 15,803 190,263
Additions - 109 - 829 938
At 31 March 2025 26,905 35,553 112,111 16,632 191,201
DEPRECIATION
At 1 April 2024 11,258 17,708 62,532 14,417 105,915
Charge for year 1,345 2,677 12,395 1,199 17,616
At 31 March 2025 12,603 20,385 74,927 15,616 123,531
NET BOOK VALUE
At 31 March 2025 14,302 15,168 37,184 1,016 67,670
At 31 March 2024 15,647 17,736 49,579 1,386 84,348

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 75,300 75,300

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 29,028 8,543
Taxation and social security 65,965 63,169
Other creditors 12,993 6,040
117,986 87,752

Reed Financial Planning Limited (Registered number: SC431746)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,693 11,736
Hire purchase contracts - 29,028
Other creditors 9,969 12,571
11,662 53,335

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 9,956 10,613