Steven Brown Financial Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09233173 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Steven Brown Financial Services Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountant's Report

7

DIRECTORS:

S J Brown

Mrs K H Brown

REGISTERED OFFICE:

13 St Carantoc Way

Crantock

Newquay

Cornwall

TR8 5SB

REGISTERED NUMBER:

09233173 (England and Wales)

ACCOUNTANT:

Martin Laity Accounting & Tax Practitioner

Kelyn

Old Hill

Helston

Cornwall

TR13 8HT

FIXED ASSETS

Tangible assets

4

222

465

CURRENT ASSETS

Debtors

5

15,915

15,803

Cash at bank

10,080

7,909

25,995

23,712

CREDITORS

Amounts falling due within one year

6

24,286

22,088

NET CURRENT ASSETS

1,709

1,624

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,931

2,089

PROVISIONS FOR LIABILITIES

46

104

NET ASSETS

1,885

1,985

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,785

1,885

SHAREHOLDERS' FUNDS

1,885

1,985

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by:

S J Brown - Director

1.	STATUTORY INFORMATION

Steven Brown Financial Services 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 presentation currency of the financial statements is the Pound Sterling (£).

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 and revenue recognition

Turnover represents net ongoing charges for referral services. The supply of financial services advice is exempt from Value Added Tax.

Revenue is recognised as and when agreed with the Authorised Representatives that the company, as an approved advisor, undertakes recurring advisor work on behalf. Settlements are normally agreed on a monthly basis.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

957

3,708

4,665

DEPRECIATION

At 1 April 2024

679

3,521

4,200

Charge for year

56

187

243

At 31 March 2025

735

3,708

4,443

NET BOOK VALUE

At 31 March 2025

222

-

222

At 31 March 2024

278

187

465

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Directors' current accounts

15,131

15,803

Prepayments

784

-

15,915

15,803

An overdrawn Directors Loan Account is repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Tax

22,554

19,791

Social security and other taxes

232

798

Accrued expenses

1,500

1,499

24,286

22,088

The Directors Loan account is non-interest bearing and repayable upon demand.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

S J Brown and Mrs K H Brown

Balance outstanding at start of year

15,803

-

Amounts advanced

15,131

15,803

Amounts repaid

(15,803

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

15,131

15,803

At the balance sheet date the directors, Mr and Mrs Brown, owed £15,131 to the company. This was the balance on the director's current account and is disclosed within other debtors.

The main conditions regarding advances and credits were that sums were to be repaid to the company as soon as possible. Overdrawn balances exceeding £10,000 each will incur interest at the official rate of interest. The official rate of interest applied was 2.25% throughout the year.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S J Brown.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Steven Brown Financial Services Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Steven Brown Financial Services Limited, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Steven Brown Financial Services Limited and state those matters that I have agreed to state to the Board of Directors of Steven Brown Financial Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Steven Brown Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steven Brown Financial Services Limited. You consider that Steven Brown Financial Services Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Steven Brown Financial Services Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Martin Laity Accounting & Tax Practitioner

Kelyn

Old Hill

Helston

Cornwall

TR13 8HT

15 December 2025