Registration number: 07122210

KNS Financial Planning Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

KNS Financial Planning Ltd

Company Information

Directors

NJ Johnson S A Braithwaite KN Bousfield D Birkbeck

Registered office

Lowther House Lowther Street Kendal LA9 4DX

Accountants

Stables Thompson & Briscoe Limited Chartered Accountants & Business AdvisersLowther House Lowther Street Kendal LA9 4DX

KNS Financial Planning Ltd

(Registration number: 07122210)
Balance Sheet as at 5 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	34,850	38,523
Current assets
Debtors	5	12,410	12,638
Cash at bank and in hand		123,931	108,624
		136,341	121,262
Creditors: Amounts falling due within one year	6	(57,901)	(53,938)
Net current assets		78,440	67,324
Total assets less current liabilities		113,290	105,847
Provisions for liabilities		(7,361)	(6,918)
Net assets		105,929	98,929
Capital and reserves
Called up share capital		160	160
Retained earnings		105,769	98,769
Shareholders' funds		105,929	98,929

For the financial year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2025 and signed on its behalf by:
 

......................................... S A Braithwaite Director

KNS Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales..

The address of its registered office is:
Lowther House
Lowther Street
Kendal
LA9 4DX

These financial statements were authorised for issue by the Board on 30 October 2025.

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.

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 and deferred 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.

KNS Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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
Land and buildings	20% on cost
Plant and machinery etc	10%, 20%, and 25% on cost

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 directors) during the year, was 4 (2024 - 4).

KNS Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 6 April 2024	4,634	21,784	52,894	79,312
Additions	-	4,933	-	4,933
At 5 April 2025	4,634	26,717	52,894	84,245
Depreciation
At 6 April 2024	4,245	18,100	18,444	40,789
Charge for the year	389	2,069	6,148	8,606
At 5 April 2025	4,634	20,169	24,592	49,395
Carrying amount
At 5 April 2025	-	6,548	28,302	34,850
At 5 April 2024	389	3,684	34,450	38,523

Included within the net book value of land and buildings above is £Nil (2024 - £389) in respect of short leasehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	293	247
Prepayments	4,295	4,569
Other debtors	7,822	7,822
	12,410	12,638

KNS Financial Planning Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Taxation and social security	46,958	43,240
Accruals and deferred income	5,468	5,223
Other creditors	5,475	5,475
	57,901	53,938

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of guarantees not included in the balance sheet is £2,192 (2024 - £8,769).