REGISTERED NUMBER: SC431746 (Scotland)

Financial Statements

for the Year Ended 31 March 2026

for

Reed Financial Planning Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Reed

REGISTERED OFFICE:

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

REGISTERED NUMBER:

SC431746 (Scotland)

ACCOUNTANTS:

O'Haras Chartered Accountants

Radleigh House

1 Golf Road

Clarkston

Glasgow

G76 7HU

FIXED ASSETS

Property, plant and equipment

3

90,657

67,670

CURRENT ASSETS

Debtors

4

75,300

75,300

Cash at bank

342,968

383,775

418,268

459,075

CREDITORS

Amounts falling due within one year

5

128,242

117,986

NET CURRENT ASSETS

290,026

341,089

TOTAL ASSETS LESS CURRENT LIABILITIES

380,683

408,759

CREDITORS

Amounts falling due after more than one year

6

(63,567

)

(11,662

)

PROVISIONS FOR LIABILITIES

(5,758

)

(5,089

)

NET ASSETS

311,358

392,008

CAPITAL AND RESERVES

Called up share capital

7

50

100

Capital redemption reserve

50

-

Retained earnings

311,258

391,908

SHAREHOLDERS' FUNDS

311,358

392,008

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 16 July 2026 and were signed by:

Mr J Reed - Director

1.	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.

Going concern

The directors continue to be satisfied that the company has adequate resources to continue in operation for the next 12 months. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue

Turnover represents the amounts invoiced for the provision of financial advisory services, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

5% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 6 ) .

3.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

26,905

35,553

112,111

16,632

191,201

Additions

-

2,417

100,800

-

103,217

Disposals

-

-

(144,921

)

-

(144,921

)

At 31 March 2026

26,905

37,970

67,990

16,632

149,497

DEPRECIATION

At 1 April 2025

12,603

20,385

74,927

15,616

123,531

Charge for year

1,346

2,484

11,819

740

16,389

Eliminated on disposal

-

-

(81,080

)

-

(81,080

)

At 31 March 2026

13,949

22,869

5,666

16,356

58,840

NET BOOK VALUE

At 31 March 2026

12,956

15,101

62,324

276

90,657

At 31 March 2025

14,302

15,168

37,184

1,016

67,670

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

75,300

75,300

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

1,667

10,000

Hire purchase contracts

5,637

29,028

Trade creditors

2,364

-

Taxation and social security

95,176

65,965

Other creditors

23,398

12,993

128,242

117,986

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

1,693

Hire purchase contracts

54,176

-

Other creditors

9,391

9,969

63,567

11,662

2026

2025

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

9,300

9,956

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

50

100