Registered number
SC161571
Affluent Financial Planning Ltd.
Filleted Accounts
31 December 2024
Affluent Financial Planning Ltd.
Company Information
Director
Paul Anthony Carl Melvin
Accountants
LEAF Accounting Ltd
7 Beatrice Gardens
Houston
Renfrewshire
PA6 7ES
Registered number
SC161571
Affluent Financial Planning Ltd.
Registered number: SC161571
Balance Sheet
as at 31 December 2024
Note 2024 2023
£ £
Fixed assets 6 57,134 896,280
Current assets 7 290,926 98,277
Prepayments and accrued income 16,467 18,732
307,393 117,009
Creditors: amounts falling due within one year 8 (123,897) (160,906)
Net current assets 183,496 (43,897)
Total assets less current liabilities 240,630 852,383
Creditors: amounts falling due after more than one year (138,719) (157,635)
Accruals and deferred income (7,500) (1,849)
Net assets 94,411 692,899
Capital and reserves 94,411 692,899
Number Number
Average number of employees during the year 7 4
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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 and were signed on behalf of by
Paul Anthony Carl Melvin
Director
Approved by the board on 18/09/2025
Affluent Financial Planning Ltd.
Notes to the accounts
as at 31 December 2024
1 Statutory information
The company is a private company limited by shares and incorporated in Scotland. Its registered office is 1 Kirkinner Place, Main Street, Bridge of Weir, Renfrewshire, PA11 3AA and its registered number is SC161571.
Affluent Financial Group Ltd owns 100% of the shares of Affluent Financial Planning Ltd. Affluent Financial Group Ltd is owned and controlled by director, Paul Anthony Carl Melvin.
2 Compliance with applicable reporting framework
The accounts have been prepared in accordance with the provisions of FRS 102, Section 1A, Accounting for Small Entities. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. There were no material departures from that standard.
3 Accounting policies
Basis of preparation
The principal accounting policies adopted in the preparate 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.
The financial statements have been prepared under the historical cost convention.
Tangible fixed assets and depreciation
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:
Leasehold property 25% reducing balance
Plant and machinery 25% reducing balance
Fixtures and fittings 25% reducing balance
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries are measured at fair value unless the value cannot be reasonably measured, in which case, they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Affluent Financial Planning Ltd.
Notes to the accounts (continued)
as at 31 December 2024
3 Accounting policies (continued)
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of returns, discounts and rebates.
Revenue is recognised in the period in which services are provided, when the following conditions are met:
(a) the amount of revenue can be measured reliably;
(b) it is probable that future economic benefits will flow to the entity.
Employee benefits
The group provides a range of benefits to employees, including annual bonus arrangements, paid holiday arrangements and contributions to defined contribution pension schemes. A defined contribution pension plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet.
Short term benefits, including bonuses, are recognised as an expense in the period in which the service is received
Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period.
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
4 Employee information
2024 2023
Number Number
Average number of employees during the year 7 4
Affluent Financial Planning Ltd.
Notes to the accounts (continued)
as at 31 December 2024
5 Taxation
2024 2023
Current tax charge 103,861 138,719
Total deferred tax -11,912 14,890
91,949 153,609
6 Fixed assets
Lhold P & M Inv Total
Cost
Opening cost 102,943 121,884 822,002 1,046,829
Additions 5,370 5,370
Disposal -822,002 -822,002
Closing cost 102,943 127,254 0 230,197
Depreciation
Bal brought forward 102,943 47,606 0 150,549
Charge for the year 0 22,514 0 22,514
Disposal 0 0 0 0
Closing bal 102,943 70,120 0 173,063
Net book value
Opening 0 74,278 822,002 896,280
Closing 0 57,134 0 57,134
Opening investments included relate to the share capital of Affluent Wealth Management Ltd and Pension Transfer Solutions Ltd, companies under common control exercised by the directors. With these companies now dormant and share capital transferred to Affluent Financial Group Ltd, this investment has been disposed of during the year, with nil proceeds, and the one-off loss on disposal disclosed in the Profit and Loss Account in the category of Depreciation and Other Amounts Written Off.
7 Debtors within 1 year
2024 2023
Trade debtors 0 0
Amounts owed by group companies 25,508 562
25,508 562
Included within debtors is an amount of £20,505 (2023: £0), owed by an associated company, Affluent Property Services Ltd.
This company is associated by common control exercised by the directors.
During the year, the balance owed by the associated company was settled.
Affluent Financial Planning Ltd.
Notes to the accounts (continued)
as at 31 December 2024
8 Creditors within 1 year
2024 2023
Trade creditors 3,301 0
Corporation tax 110,776 157,309
Other taxes and social security costs 9,820 3,597
Other creditors 0 0
123,897 160,906
Short term creditors are measured at transaction price (usually the invoice price). Other financial liabilities are recognised at transaction price (net of any transaction costs).
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