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

REGISTERED NUMBER: 07157551 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Debenwood Financial Planning Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Hind

REGISTERED OFFICE:

Commerce House

The Green

Ashbocking

Suffolk

IP6 9JZ

REGISTERED NUMBER:

07157551 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

Chartered Accountants

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Tangible assets

4

860

1,147

CURRENT ASSETS

Debtors

450

527

Cash at bank

94,967

96,977

95,417

97,504

CREDITORS

Amounts falling due within one year

65,849

70,493

NET CURRENT ASSETS

29,568

27,011

TOTAL ASSETS LESS CURRENT LIABILITIES

30,428

28,158

PROVISIONS FOR LIABILITIES

5

163

218

NET ASSETS

30,265

27,940

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

30,264

27,939

SHAREHOLDERS' FUNDS

30,265

27,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 12 April 2019 and were signed by:

R Hind - Director

1.	STATUTORY INFORMATION

Debenwood Financial Planning Limited 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

The turnover represents net invoiced sales, excluding value added tax, of services as financial advisors.

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

-

25% on reducing balance

Fixtures and fittings

-

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.

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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

and 31 March 2019

5,947

DEPRECIATION

At 1 April 2018

4,800

Charge for year

287

At 31 March 2019

5,087

NET BOOK VALUE

At 31 March 2019

860

At 31 March 2018

1,147

5.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

Accelerated capital allowances

163

218

Deferred

tax

£

Balance at 1 April 2018

218

Provided during year

(55

)

Balance at 31 March 2019

163

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

1

Ordinary

£1

1

1

7.	SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

31.3.19

31.3.18

£

£

R Hind

Balance outstanding at start of year

47,205

45,158

Amounts advanced

22,495

12,047

Amounts repaid

(22,035

)

(10,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,665

47,205

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Rebecca Hind, by virtue of her 100% shareholding.