Fidelis Financial Planning Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC397983 (Scotland)

Unaudited Financial Statements

for the Period 1 November 2018 to 30 April 2019

for

Fidelis Financial Planning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B Wight

Mrs L Wight

REGISTERED OFFICE:

Scottcourt House

West Princes Street

Helensburgh

G84 8BP

REGISTERED NUMBER:

SC397983 (Scotland)

ACCOUNTANTS:

Macleod Fulton

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

FIXED ASSETS

Tangible assets

4

1,894

746

CURRENT ASSETS

Cash at bank

55,555

61,953

CREDITORS

Amounts falling due within one year

5

10,846

15,396

NET CURRENT ASSETS

44,709

46,557

TOTAL ASSETS LESS CURRENT LIABILITIES

46,603

47,303

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

46,601

47,301

SHAREHOLDERS' FUNDS

46,603

47,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 6 June 2019 and were signed on its behalf by:

B Wight - Director

1.	STATUTORY INFORMATION

Fidelis Financial Planning Limited 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.

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 etc

-

33% on reducing balance

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

3,375

Additions

1,933

At 30 April 2019

5,308

DEPRECIATION

At 1 November 2018

2,481

Charge for period

933

At 30 April 2019

3,414

NET BOOK VALUE

At 30 April 2019

1,894

At 31 October 2018

894

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

31.10.18

£

£

Taxation and social security

8,178

13,118

Other creditors

2,668

2,278

10,846

15,396

6.	CONTINGENT LIABILITIES

As at 30 April 2019, the company has no contingent liabilities. (2018 - nil)

7.	CAPITAL COMMITMENTS

As at 30 April 2019, the company had no capital commitments. (2018 - nil)

8.	RELATED PARTY DISCLOSURES

During the period, total dividends of £34,000 were paid to the directors .