Company Registration No. 08925070 (England and Wales)
Fernquest Financial Planning Limited
Unaudited accounts
for the year ended 31 March 2019
Fernquest Financial Planning Limited
Unaudited accounts
Contents
Fernquest Financial Planning Limited
Company Information
for the year ended 31 March 2019
Director
Mr Luke W Fernquest
Secretary
Mrs Jade L Fernquest
Company Number
08925070 (England and Wales)
Registered Office
Blue Hills
Llandevaud
Newport
NP18 2AA
Fernquest Financial Planning Limited
Statement of financial position
as at 31 March 2019
Intangible assets
2,225
7,225
Tangible assets
33,977
32,435
Cash at bank and in hand
41,428
28,302
Creditors: amounts falling due within one year
(17,672)
(21,372)
Net current assets
27,432
7,191
Called up share capital
3
3
Profit and loss account
63,631
46,848
Shareholders' funds
63,634
46,851
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 23 April 2019.
Mr Luke W Fernquest
Director
Company Registration No. 08925070
Fernquest Financial Planning Limited
Notes to the Accounts
for the year ended 31 March 2019
Fernquest Financial Planning Limited is a private company, limited by shares, registered in England and Wales, registration number 08925070. The registered office is Blue Hills, Llandevaud, Newport, NP18 2AA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, considered to be over four years
4
Intangible fixed assets
Goodwill
Fernquest Financial Planning Limited
Notes to the Accounts
for the year ended 31 March 2019
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2018
30,962
1,178
347
3,859
36,346
Additions
2,720
-
-
-
2,720
At 31 March 2019
33,682
1,178
347
3,859
39,066
At 1 April 2018
-
588
347
2,976
3,911
Charge for the year
-
294
-
884
1,178
At 31 March 2019
-
882
347
3,860
5,089
At 31 March 2019
33,682
296
-
(1)
33,977
At 31 March 2018
30,962
590
-
883
32,435
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
15,705
20,456
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
9
Average number of employees
During the year the average number of employees was 3 (2018: 1).
