Perry Appleton Financial Management Ltd - Accounts to registrar (filleted) - small 18.2
Perry Appleton Financial Management Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 30 April 2020 |
for |
Perry Appleton Financial Management Ltd |
Perry Appleton Financial Management Ltd (Registered number: 03754162) |
Contents of the Financial Statements |
For The Year Ended 30 April 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Perry Appleton Financial Management Ltd |
Company Information |
For The Year Ended 30 April 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Stables |
Church Walk |
Daventry |
Northamptonshire |
NN11 4BL |
Perry Appleton Financial Management Ltd (Registered number: 03754162) |
Balance Sheet |
30 April 2020 |
30/4/20 | 30/4/19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Perry Appleton Financial Management Ltd (Registered number: 03754162) |
Balance Sheet - continued |
30 April 2020 |
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 and authorised for issue on |
Perry Appleton Financial Management Ltd (Registered number: 03754162) |
Notes to the Financial Statements |
For The Year Ended 30 April 2020 |
1. | STATUTORY INFORMATION |
Perry Appleton Financial Management Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents commission earned and fees which are mainly taken to credit when debit or fee notes are issued irrespective of the inception date or period of insurance. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisitions of businesses in 2000, 2006, 2008 and 2010 is being written off evenly over its estimated useful life of fifteen years. Goodwill purchased in 2012 is being written off evenly over its useful estimated useful life of five 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 |
Fixtures and fittings | - |
Computer equipment | - |
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. |
Perry Appleton Financial Management Ltd (Registered number: 03754162) |
Notes to the Financial Statements - continued |
For The Year Ended 30 April 2020 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2019 |
and 30 April 2020 |
AMORTISATION |
At 1 May 2019 |
Charge for year |
At 30 April 2020 |
NET BOOK VALUE |
At 30 April 2020 |
At 30 April 2019 |
Goodwill arose on the purchase of unincorporated businesses in 2000, 2006, 2008, 2010 which is being amortised over 15 years. Goodwill arose on the purchase of unincorporated businesses in 2012 which is being amortised over 5 years. In the opinion of the directors, this represents a prudent estimate of the period over which the company will derive economic benefit from the customer base acquired from those businesses. |
Perry Appleton Financial Management Ltd (Registered number: 03754162) |
Notes to the Financial Statements - continued |
For The Year Ended 30 April 2020 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2019 |
and 30 April 2020 |
DEPRECIATION |
At 1 May 2019 |
Charge for year |
At 30 April 2020 |
NET BOOK VALUE |
At 30 April 2020 |
At 30 April 2019 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/20 | 30/4/19 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/4/20 | 30/4/19 |
£ | £ |
Tax |
Accrued expenses |
8. | SECURED DEBTS |
All liabilities of the Company, both present and future, to National Westminster Bank Plc are secured by way of fixed and floating charges against all assets of the Company. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/4/20 | 30/4/19 |
value: | £ | £ |
Ordinary | £1 | 7,500 | 7,500 |
Perry Appleton Financial Management Ltd (Registered number: 03754162) |
Notes to the Financial Statements - continued |
For The Year Ended 30 April 2020 |
10. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £75,000 (2019 - £99,000) were paid to the directors . |
A M Curtis, N M Toms and S G Leech are directors of Perry Appleton Risk Services Limited. During the year the company incurred costs of £nil (2019: £21,000) from Perry Appleton Risk Services Limited and charged £16,500 (2019: £20,000) to Perry Appleton Risk Services Limited. At the year end the company owed £nil (2019:£nil) to Perry Appleton Risk Services Limited. |
A M Curtis, N M Toms and S G Leech are directors of Perry Appleton Private Clients Limited. During the year the company charged £16,500 (2019: £2,000) to Perry Appleton Private Clients Limited. At the year end the company was due £nil (2019: £nil) from Perry Appleton Private Clients Limited. |
During the year, third party commissions of £nil (2019: £nil) were received from Perry Appleton Risk Services Limited. |
11. | ULTIMATE CONTROLLING PARTY |
There is no controlling party. |