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REGISTERED NUMBER: SC688213 (Scotland)











Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Kgp Financial Planning Limited

Kgp Financial Planning Limited (Registered number: SC688213)






Contents of the Financial Statements
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kgp Financial Planning Limited

Company Information
for the year ended 28 February 2025







DIRECTORS: K G Philip
Mrs E M Philip





REGISTERED OFFICE: 8 Mameulah Court
Newmachar
Aberdeen
AB21 0LS





REGISTERED NUMBER: SC688213 (Scotland)





ACCOUNTANTS: Grampian Accounting
3 Prospect Place
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6SY

Kgp Financial Planning Limited (Registered number: SC688213)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 40,473 55,774
Investments 5 60,000 60,000
100,473 115,774

CURRENT ASSETS
Cash at bank 72,248 38,462

CREDITORS
Amounts falling due within one year 6 47,474 29,824
NET CURRENT ASSETS 24,774 8,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,247

124,412

CREDITORS
Amounts falling due after more than one
year

7

(13,438

)

(13,438

)

PROVISIONS FOR LIABILITIES (13,944 ) (13,944 )
NET ASSETS 97,865 97,030

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 97,864 97,029
97,865 97,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

Kgp Financial Planning Limited (Registered number: SC688213)

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 19 August 2025 and were signed on its behalf by:




K G Philip - Director



Mrs E M Philip - Director


Kgp Financial Planning Limited (Registered number: SC688213)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Kgp Financial Planning Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Investments in associates
Investments in associate undertakings are recognised at 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Kgp Financial Planning Limited (Registered number: SC688213)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 66,929
Additions 1,482
At 28 February 2025 68,411
DEPRECIATION
At 1 March 2024 11,155
Charge for year 16,783
At 28 February 2025 27,938
NET BOOK VALUE
At 28 February 2025 40,473
At 29 February 2024 55,774

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2024
and 28 February 2025 66,929
DEPRECIATION
At 1 March 2024 11,155
Charge for year 16,732
At 28 February 2025 27,887
NET BOOK VALUE
At 28 February 2025 39,042
At 29 February 2024 55,774

Kgp Financial Planning Limited (Registered number: SC688213)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 March 2024
and 28 February 2025 60,000
NET BOOK VALUE
At 28 February 2025 60,000
At 29 February 2024 60,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts - 9,765
Taxation and social security 47,186 18,266
Other creditors 288 1,793
47,474 29,824

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts 13,438 13,438