Scottsbridge Financial Planning Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11225294 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2026

for

Scottsbridge Financial Planning Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S M Arnold

SECRETARY:

Mrs S L Arnold

REGISTERED OFFICE:

140 Plummers Hill

Bristol

BS5 7JJ

REGISTERED NUMBER:

11225294 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,021

3,460

2,021

3,460

CURRENT ASSETS

Debtors

6

20,000

-

Prepayments and accrued income

2,068

27

Cash at bank

49,792

36,671

71,860

36,698

CREDITORS

Amounts falling due within one year

7

22,280

11,779

NET CURRENT ASSETS

49,580

24,919

TOTAL ASSETS LESS CURRENT LIABILITIES

51,601

28,379

CREDITORS

Amounts falling due after more than one year

8

(34,052

)

(4,570

)

PROVISIONS FOR LIABILITIES

(384

)

(657

)

NET ASSETS

17,165

23,152

CAPITAL AND RESERVES

Called up share capital

10

4,000

Retained earnings

11

13,165

19,152

SHAREHOLDERS' FUNDS

17,165

23,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 19th August 2026 and were signed by:

Mr S M Arnold - Director

1.	STATUTORY INFORMATION

Scottsbridge Financial Planning Ltd 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.

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 represents fees and commissions receivable from financial planning and advisory services and is recognised over the period in which the related services are provided.

All turnover is derived from customers based in the United Kingdom.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of six 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.

Plant and machinery

-

Straight line over 4 years

Fixtures and fittings

-

Straight line over 4 years

Computer equipment

-

Straight line over 4 years

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.

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.

Cash & cash equivalents

Cash and cash equivalents consist solely of the balance held in the company's bank current account. Cash is defined as cash on hand and demand deposits, while cash equivalents are short term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value. The company does not hold any short term investments and does not operate an overdraft facility.

Critical judgements and estimation uncertainty

In preparing the financial statements, the director is required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the reporting date and the amounts reported for income and expenditure during the year.

The principal judgement made by the director relates to the useful economic life of goodwill acquired with the business. The director has determined that amortisation over six years reflects the expected period over which the acquired goodwill and client relationships will generate economic benefits for the company.

The principal sources of estimation uncertainty relate to the recoverability of trade debtors and the calculation of deferred tax balances. The director reviews trade debtors at each reporting date and assesses whether any impairment provision is required based on available information regarding customers' ability to settle outstanding balances.

Leases policy

The company had no non-cancellable operating lease commitments at 28 February 2026.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2025

and 28th February 2026

31,084

AMORTISATION

At 1st March 2025

and 28th February 2026

31,084

NET BOOK VALUE

At 28th February 2026

-

At 28th February 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1st March 2025

and 28th February 2026

1,800

350

3,921

6,071

DEPRECIATION

At 1st March 2025

1,134

146

1,331

2,611

Charge for year

450

87

902

1,439

At 28th February 2026

1,584

233

2,233

4,050

NET BOOK VALUE

At 28th February 2026

216

117

1,688

2,021

At 28th February 2025

666

204

2,590

3,460

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Accrued income

20,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Bank loans and overdrafts

6,169

1,075

Tax

6,860

7,118

Social security and other taxes

2,980

1,547

Directors' current accounts

4,286

151

Accruals and deferred income

1,985

1,888

22,280

11,779

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

Bank loans - 1-2 years

6,713

1,075

Bank loans - 2-5 years

23,215

3,226

Bank loans more 5 yr by instal

4,124

269

34,052

4,570

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,124

269

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.26

28.2.25

£

Bounce back loan

4,570

5,645

Bank loan

32,640

-

37,210

5,645

The bank loans are secured by fixed charges over the company's assets.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

4,000

Ordinary

£1

4,000

11.

RESERVES

Retained

earnings

£

At 1st March 2025

19,152

Profit for the year

27,813

Dividends

(33,800

)

At 28th February 2026

13,165

12.	CONTINGENT LIABILITIES

There were no contingent liabilities or capital commitments at the balance sheet date.

13.	RELATED PARTY DISCLOSURES

The company has a loan account with Mr S M Arnold, director and controlling shareholder. At 28 February, the balance due to the director was £4,033 (2025: £151). The balance is unsecured, interest free and repayable on demand. No guarantees have been given in respect of this balance.

14.	EVENTS AFTER BALANCE SHEET DATE

There have been no events after the balance sheet date affecting the Company since the financial period.

15.	FUNCTIONAL AND PRESENTATION CURRENCY

The financial statements are presented in £ sterling, which is the company's functional and presentation currency.

16.	GOING CONCERN

The company is reliant on the support of its director and shareholders and having made appropriate enquiries, the director has considered the future cashflow of the company and is not aware of any reason why the company will not be able to meet its liabilities as they fall due for the foreseeable future. As a result the director has continued to adopt the going concern basis.

17.	FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument. Trade debtors, other debtors, cash and bank balances are initially measured at transaction price. They are subsequently measured at amortised cost, using the effective interest method, except where amounts fall due within one year, in which case they remain at the transaction price as discounting is not required for short term balances

Where payment terms extend beyond normal business terms, or the arrangement includes a financing element, the financial asset is measured at the present value of future cash flows, discounted at a market rate of interest.

Trade creditors, loans and accruals are initially recognised at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction, in which case liabilities are measured at the present value of future payments discounted at a market rate of interest.

Financial assets measured at cost or amortised cost are assessed for impairment at the reporting date. Any impairment loss is recognised in the profit and loss account. Reversals of impairment are recognised immediately when the estimated recoverable amount increases, provided the revised carrying value does not exceed the original carrying amount had no impairment occurred.

Financial assets and financial liabilities are only offset when the company has a legally enforceable right to set off the recognised amounts and intends to settle on a net basis or to realise the asset and settle the liability simultaneously.