IRIS Accounts Production v25.4.0.155 07879034 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07879034 2024-03-31 07879034 2025-03-31 07879034 2024-04-01 2025-03-31 07879034 2023-03-31 07879034 2023-04-01 2024-03-31 07879034 2024-03-31 07879034 ns15:EnglandWales 2024-04-01 2025-03-31 07879034 ns14:PoundSterling 2024-04-01 2025-03-31 07879034 ns10:Director1 2024-04-01 2025-03-31 07879034 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07879034 ns10:SmallEntities 2024-04-01 2025-03-31 07879034 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 07879034 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 07879034 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07879034 ns10:FullAccounts 2024-04-01 2025-03-31 07879034 1 2024-04-01 2025-03-31 07879034 ns10:Director2 2024-04-01 2025-03-31 07879034 ns10:RegisteredOffice 2024-04-01 2025-03-31 07879034 ns5:CurrentFinancialInstruments 2025-03-31 07879034 ns5:CurrentFinancialInstruments 2024-03-31 07879034 ns5:ShareCapital 2025-03-31 07879034 ns5:ShareCapital 2024-03-31 07879034 ns5:CapitalRedemptionReserve 2025-03-31 07879034 ns5:CapitalRedemptionReserve 2024-03-31 07879034 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 07879034 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 07879034 ns5:NetGoodwill 2024-04-01 2025-03-31 07879034 ns5:IntangibleAssetsOtherThanGoodwill 2024-04-01 2025-03-31 07879034 ns5:FurnitureFittings 2024-04-01 2025-03-31 07879034 ns5:ComputerEquipment 2024-04-01 2025-03-31 07879034 ns5:NetGoodwill 2024-03-31 07879034 ns5:NetGoodwill 2025-03-31 07879034 ns5:NetGoodwill 2024-03-31 07879034 ns5:FurnitureFittings 2024-03-31 07879034 ns5:ComputerEquipment 2024-03-31 07879034 ns5:FurnitureFittings 2025-03-31 07879034 ns5:ComputerEquipment 2025-03-31 07879034 ns5:FurnitureFittings 2024-03-31 07879034 ns5:ComputerEquipment 2024-03-31 07879034 ns5:CostValuation 2024-03-31 07879034 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 07879034 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 07879034 ns5:WithinOneYear 2025-03-31 07879034 ns5:WithinOneYear 2024-03-31 07879034 ns5:BetweenOneFiveYears 2025-03-31 07879034 ns5:BetweenOneFiveYears 2024-03-31 07879034 ns5:AllPeriods 2025-03-31 07879034 ns5:AllPeriods 2024-03-31

REGISTERED NUMBER: 07879034 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

FIVEWAYS FINANCIAL PLANNING LIMITED

FIVEWAYS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 07879034)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

FIVEWAYS FINANCIAL PLANNING LIMITED

Company Information

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | J W Lawson

| J E Bloodworth

| REGISTERED OFFICE: | Bath House

| 6-8 Bath Street

| Redcliffe

| Bristol

| BS1 6HL

| REGISTERED NUMBER: | 07879034 (England and Wales)

| ACCOUNTANTS: | Gravita

| Chartered Accountants

| Bath House

| 6 - 8 Bath Street

| Bristol

| BS1 6HL

FIVEWAYS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 07879034)

Balance Sheet

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 209,166 |  | 251,000 |  |

Tangible assets | 5 | 5,232 |  | 5,049 |  |

Investments | 6 | 20,350 |  | 20,350 |  |

234,748 |  | 276,399 |  |

CURRENT ASSETS

Debtors | 7 | 371,763 |  | 387,379 |  |

Cash at bank and in hand | 505,937 |  | 382,531 |  |

877,700 |  | 769,910 |  |

CREDITORS

Amounts falling due within one year | 8 | (181,095 | ) | (174,415 | ) |

NET CURRENT ASSETS | 696,605 |  | 595,495 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 931,353 |  | 871,894 |  |

PROVISIONS FOR LIABILITIES | (315 | ) | (698 | ) |

NET ASSETS | 931,038 |  | 871,196 |  |

CAPITAL AND RESERVES

Called up share capital | 8 |  | 8 |  |

Capital redemption reserve | 2 |  | 2 |  |

Retained earnings | 931,028 |  | 871,186 |  |

SHAREHOLDERS' FUNDS | 931,038 |  | 871,196 |  |

FIVEWAYS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 07879034)

Balance Sheet - continued

31 MARCH 2025

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 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

J W Lawson - Director

FIVEWAYS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 07879034)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 MARCH 2025

1. | COMPANY INFORMATION

| Fiveways Financial Planning Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The principal activity of the company in the year under review was that of independent financial advisors.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

| The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

| Going concern

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

| Preparation of consolidated financial statements

| The financial statements contain information about Fiveways Financial Planning Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

| Goodwill

| Goodwill, being the amount paid in connection with the aquisition of a business is measured at cost less accumulated amortisation and impairment losses. It is being amortised evenly over its estimated useful life of ten years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures, fittings and equipment | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

FIVEWAYS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 07879034)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Cash and cash equivalents

| Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

| Financial instruments

| The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

| Basic financial liabilities

| Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

| 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.

FIVEWAYS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 07879034)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 18 (2024 - 17 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 418,335 |  |

| AMORTISATION

| At 1 April 2024 | 167,335 |  |

| Charge for year | 41,834 |  |

| At 31 March 2025 | 209,169 |  |

| NET BOOK VALUE

| At 31 March 2025 | 209,166 |  |

| At 31 March 2024 | 251,000 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures, |

| fittings |

| and |  | Computer |

| equipment |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 5,281 |  | 44,895 |  | 50,176 |  |

| Additions | 381 |  | 4,921 |  | 5,302 |  |

| At 31 March 2025 | 5,662 |  | 49,816 |  | 55,478 |  |

| DEPRECIATION

| At 1 April 2024 | 3,061 |  | 42,066 |  | 45,127 |  |

| Charge for year | 651 |  | 4,468 |  | 5,119 |  |

| At 31 March 2025 | 3,712 |  | 46,534 |  | 50,246 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,950 |  | 3,282 |  | 5,232 |  |

| At 31 March 2024 | 2,220 |  | 2,829 |  | 5,049 |  |

FIVEWAYS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 07879034)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 20,350 |  |

| NET BOOK VALUE

| At 31 March 2025 | 20,350 |  |

| At 31 March 2024 | 20,350 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 85,371 |  | 100,044 |  |

| Amounts owed by group undertakings | 277,156 |  | 277,156 |  |

| Other debtors | - |  | 179 |  |

| Prepayments | 9,236 |  | 10,000 |  |

371,763 |  | 387,379 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 21,935 |  | 992 |  |

| Amounts owed to group undertakings | 20,000 |  | 20,000 |  |

| Tax | 138,368 |  | 138,317 |  |

| Other creditors | - |  | 13,186 |  |

| Accruals and deferred income | 792 |  | 1,920 |  |

181,095 |  | 174,415 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 35,841 |  | 39,694 |  |

| Between one and five years | 62,805 |  | 98,646 |  |

98,646 |  | 138,340 |  |

FIVEWAYS FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 07879034)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.