REGISTERED NUMBER: SC716525 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Hutcheson Financial Planning Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Fraser Robert Hutcheson

REGISTERED OFFICE:

21 Nethervale Avenue

Glasgow

G44 3XP

REGISTERED NUMBER:

SC716525 (Scotland)

ACCOUNTANTS:

LJS Accounting Services (UK) Ltd

Unit 5, 1st Floor

Connect Business Village

24 Derby Road

Liverpool

Merseyside

L5 9PR

FIXED ASSETS

Intangible assets

4

595,776

632,674

Tangible assets

5

3,804

5,072

599,580

637,746

CURRENT ASSETS

Debtors

6

30,160

22,561

Cash at bank and in hand

4,763

22,406

34,923

44,967

CREDITORS

Amounts falling due within one year

7

93,339

97,280

NET CURRENT LIABILITIES

(58,416

)

(52,313

)

TOTAL ASSETS LESS CURRENT LIABILITIES

541,164

585,433

CREDITORS

Amounts falling due after more than one year

8

541,153

578,732

NET ASSETS

11

6,701

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

11

1

6,691

SHAREHOLDERS' FUNDS

11

6,701

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 director acknowledges his 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 director and authorised for issue on 29 December 2025 and were signed by:

Mr Fraser Robert Hutcheson - Director

1.	STATUTORY INFORMATION

Hutcheson Financial Planning Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer equipment

-

25% on reducing balance

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 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.

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 5 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

701,817

Additions

9,326

At 31 March 2025

711,143

AMORTISATION

At 1 April 2024

69,143

Charge for year

46,224

At 31 March 2025

115,367

NET BOOK VALUE

At 31 March 2025

595,776

At 31 March 2024

632,674

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

7,770

DEPRECIATION

At 1 April 2024

2,698

Charge for year

1,268

At 31 March 2025

3,966

NET BOOK VALUE

At 31 March 2025

3,804

At 31 March 2024

5,072

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

19,994

18,149

Directors' current accounts

10,014

4,217

Prepayments

152

195

30,160

22,561

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 9)

49,196

56,700

Tax

41,768

36,063

Other creditors

635

2,711

Accrued expenses

1,740

1,806

93,339

97,280

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 9)

541,153

578,732

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due within one year or on demand:

Bank loans

49,196

56,700

Amounts falling due between two and five years:

Bank loans - 2-5 years

541,153

578,732

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10

Ordinary

£1

10

10

11.

RESERVES

Retained

earnings

£

At 1 April 2024

6,691

Profit for the year

73,790

Dividends

(80,480

)

At 31 March 2025

1