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Registration number: 8790201

Accord Financial Planning Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Accord Financial Planning Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Accord Financial Planning Limited

Company Information

Director | Mr M Ray

Registered office | Unit 12 Old Mills Industrial Estate Paulton Bristol BS39 7SU

Accountants | Fuller & Roper Limited Chartered AccountantsUnit 12 Old Mills Industrial Estate Paulton Bristol BS39 7SU

Accord Financial Planning Limited

(Registration number: 8790201)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,092 | 1,238
Investments | 5 | 100 | 100
|  | 1,192 | 1,338
Current assets |  |  |
Debtors | 6 | 28,604 | 21,029
Cash at bank and in hand |  | 31,754 | 41,085
|  | 60,358 | 62,114
Creditors: Amounts falling due within one year | 7 | (60,945) | (61,418)
Net current (liabilities)/assets |  | (587) | 696
Net assets |  | 605 | 2,034
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Retained earnings |  | 505 | 1,934
Shareholders' funds |  | 605 | 2,034

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 November 2025

......................................... Mr M Ray Director

Accord Financial Planning Limited

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

1 | General information

Accord Financial Planning Limited is a private company, limited by shares, domiciled in England and Wales. The company’s registration number is 08790201. The registered office is Unit 12, Old Mills Industrial Estate, Paulton, Bristol, BS39 7SU. The principle place of business is the registered office.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Accord Financial Planning Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Accord Financial Planning Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 April 2024 | 10,298 | 10,298
Additions | 1,239 | 1,239
At 31 March 2025 | 11,537 | 11,537
Depreciation
At 1 April 2024 | 9,060 | 9,060
Charge for the year | 1,385 | 1,385
At 31 March 2025 | 10,445 | 10,445
Carrying amount
At 31 March 2025 | 1,092 | 1,092
At 31 March 2024 | 1,238 | 1,238

Accord Financial Planning Limited

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

5 | Investments

| 2025 £ | 2024 £
Investments in subsidiaries | 100 | 100

Subsidiaries | £
Cost or valuation
At 1 April 2024 | 100
Provision
At 31 March 2025 | -
Carrying amount
At 31 March 2025 | 100
At 31 March 2024 | 100

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 2,539 | 5,387
Amounts owed by group undertakings | 10 | 17,292 | 6,792
Other debtors |  | 8,773 | 8,850
|  | 28,604 | 21,029

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 21,953 | 25,435
Trade creditors |  | - | 286
Taxation and social security |  | 36,992 | 33,689
Accruals and deferred income |  | 2,000 | 1,905
Other creditors |  | - | 103
|  | 60,945 | 61,418

Accord Financial Planning Limited

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

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 21,953 | 25,435

Included within other borrowings is a balance of £10,000 (2024 - £10,000) received from the director in order for the company to comply with FCA capital adequacy requirements.
The balance is unsecured, interest free and repayable on demand.

10 | Related party transactions

The company has taken advantage of the exemption under FRS 102 section 33.1A as a qualifying entity from disclosing related party transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is a wholly owned member of that group.
Included within other debtors is a loan of £3,380 to the director of the company. The comparative financial statements contain a loan of £105 from the director. These amounts are unsecured, interest free and repayable on demand.