ONE FINANCIAL PLANNING LTD.

ONE FINANCIAL PLANNING LTD. - Company Information

2021-04-012022-03-312022-03-31falseSC249428ONE FINANCIAL PLANNING LTD.2022-07-0564999iso4217:GBPxbrli:pureSC2494282021-04-01SC2494282022-03-31SC2494282021-04-012022-03-31SC2494282020-04-01SC2494282021-03-31SC2494282020-04-012021-03-31SC249428bus:SmallEntities2021-04-012022-03-31SC249428bus:AuditExempt-NoAccountantsReport2021-04-012022-03-31SC249428bus:AbridgedAccounts2021-04-012022-03-31SC249428bus:PrivateLimitedCompanyLtd2021-04-012022-03-31SC249428core:WithinOneYear2022-03-31SC249428core:AfterOneYear2022-03-31SC249428core:WithinOneYear2021-03-31SC249428core:AfterOneYear2021-03-31SC249428core:ShareCapital2022-03-31SC249428core:SharePremium2022-03-31SC249428core:RevaluationReserve2022-03-31SC249428core:OtherReservesSubtotal2022-03-31SC249428core:RetainedEarningsAccumulatedLosses2022-03-31SC249428core:ShareCapital2021-03-31SC249428core:SharePremium2021-03-31SC249428core:RevaluationReserve2021-03-31SC249428core:OtherReservesSubtotal2021-03-31SC249428core:RetainedEarningsAccumulatedLosses2021-03-31SC249428core:LandBuildings2022-03-31SC249428core:PlantMachinery2022-03-31SC249428core:Vehicles2022-03-31SC249428core:FurnitureFittings2022-03-31SC249428core:OfficeEquipment2022-03-31SC249428core:NetGoodwill2022-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2022-03-31SC249428core:ListedExchangeTraded2022-03-31SC249428core:UnlistedNon-exchangeTraded2022-03-31SC249428core:LandBuildings2021-03-31SC249428core:PlantMachinery2021-03-31SC249428core:Vehicles2021-03-31SC249428core:FurnitureFittings2021-03-31SC249428core:OfficeEquipment2021-03-31SC249428core:NetGoodwill2021-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2021-03-31SC249428core:ListedExchangeTraded2021-03-31SC249428core:UnlistedNon-exchangeTraded2021-03-31SC249428core:LandBuildings2021-04-012022-03-31SC249428core:PlantMachinery2021-04-012022-03-31SC249428core:Vehicles2021-04-012022-03-31SC249428core:FurnitureFittings2021-04-012022-03-31SC249428core:OfficeEquipment2021-04-012022-03-31SC249428core:NetGoodwill2021-04-012022-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31SC249428core:ListedExchangeTraded2021-04-012022-03-31SC249428core:UnlistedNon-exchangeTraded2021-04-012022-03-31SC249428core:MoreThanFiveYears2021-04-012022-03-31SC249428core:Non-currentFinancialInstruments2022-03-31SC249428core:Non-currentFinancialInstruments2021-03-31SC249428dpl:CostSales2021-04-012022-03-31SC249428dpl:DistributionCosts2021-04-012022-03-31SC249428dpl:AdministrativeExpenses2021-04-012022-03-31SC249428core:LandBuildings2021-04-012022-03-31SC249428core:PlantMachinery2021-04-012022-03-31SC249428core:Vehicles2021-04-012022-03-31SC249428core:FurnitureFittings2021-04-012022-03-31SC249428core:OfficeEquipment2021-04-012022-03-31SC249428core:NetGoodwill2021-04-012022-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31SC249428dpl:GroupUndertakings2021-04-012022-03-31SC249428dpl:ParticipatingInterests2021-04-012022-03-31SC249428dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-31SC249428core:ListedExchangeTraded2021-04-012022-03-31SC249428dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-31SC249428core:UnlistedNon-exchangeTraded2021-04-012022-03-31SC249428dpl:CostSales2020-04-012021-03-31SC249428dpl:DistributionCosts2020-04-012021-03-31SC249428dpl:AdministrativeExpenses2020-04-012021-03-31SC249428core:LandBuildings2020-04-012021-03-31SC249428core:PlantMachinery2020-04-012021-03-31SC249428core:Vehicles2020-04-012021-03-31SC249428core:FurnitureFittings2020-04-012021-03-31SC249428core:OfficeEquipment2020-04-012021-03-31SC249428core:NetGoodwill2020-04-012021-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-31SC249428dpl:GroupUndertakings2020-04-012021-03-31SC249428dpl:ParticipatingInterests2020-04-012021-03-31SC249428dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-31SC249428core:ListedExchangeTraded2020-04-012021-03-31SC249428dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-31SC249428core:UnlistedNon-exchangeTraded2020-04-012021-03-31SC249428core:NetGoodwill2022-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2022-03-31SC249428core:LandBuildings2022-03-31SC249428core:PlantMachinery2022-03-31SC249428core:Vehicles2022-03-31SC249428core:FurnitureFittings2022-03-31SC249428core:OfficeEquipment2022-03-31SC249428core:AfterOneYear2022-03-31SC249428core:WithinOneYear2022-03-31SC249428core:ListedExchangeTraded2022-03-31SC249428core:UnlistedNon-exchangeTraded2022-03-31SC249428core:ShareCapital2022-03-31SC249428core:SharePremium2022-03-31SC249428core:RevaluationReserve2022-03-31SC249428core:OtherReservesSubtotal2022-03-31SC249428core:RetainedEarningsAccumulatedLosses2022-03-31SC249428core:NetGoodwill2021-03-31SC249428core:IntangibleAssetsOtherThanGoodwill2021-03-31SC249428core:LandBuildings2021-03-31SC249428core:PlantMachinery2021-03-31SC249428core:Vehicles2021-03-31SC249428core:FurnitureFittings2021-03-31SC249428core:OfficeEquipment2021-03-31SC249428core:AfterOneYear2021-03-31SC249428core:WithinOneYear2021-03-31SC249428core:List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Registered Number
SC249428
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2022

ONE FINANCIAL PLANNING LTD.

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	BLACKMAN, Lee Edward
	CARD, Michael Patrick
	JACKSON, James Malcom


Registered Address	1 West Regent Street
	Glasgow
	G2 1RW


Registered Number	SC249428 (Scotland)

ONE FINANCIAL PLANNING LTD.

Balance Sheet as at
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	6		70,374		-
Investments	7		35,741		-
			106,115		-
Current assets
Stocks		93,910		59,222
Debtors		1,395,037		1,389,860
Cash at bank and on hand		173,984		232,137
		1,662,931		1,681,219
Creditors amounts falling due within one year	9	(631,139)		(669,995)
Net current assets (liabilities)			1,031,792		1,011,224
Total assets less current liabilities			1,137,907		1,011,224
Creditors amounts falling due after one year	10		(42,892)		(50,000)
Net assets			1,095,015		961,224
Capital and reserves
Profit and loss account			1,095,015		961,224
Shareholders' funds			1,095,015		961,224

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 5 July 2022, and are signed on its behalf by:

BLACKMAN, Lee Edward
Director
Registered Company No. SC249428

ONE FINANCIAL PLANNING LTD.

Notes to the Financial Statements
for the year ended 31 March 2022

1.	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2022		2021
	Average number of employees during the year	16		-

5.	Intangible assets

6.	Property, plant and equipment

		Total
		£
	Cost or valuation
	Additions	79,230
	At 31 March 22	79,230
	Depreciation and impairment
	Charge for year	8,856
	At 31 March 22	8,856
	Net book value
	At 31 March 22	70,374
	At 31 March 21	-

7.	Fixed asset investments

		Total
		£
	Cost or valuation
	Additions	35,741
	At 31 March 22	35,741
	Net book value
	At 31 March 22	35,741
	At 31 March 21	-

8.	Debtors within one year

	2022	2021
	£	£
Trade debtors / trade receivables	82,666	74,858
Prepayments and accrued income	13,668	17,499
Total	96,334	92,357


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	98,681	106,770
Bank borrowings and overdrafts	271,700	341,107
Taxation and social security	248,474	180,218
Other creditors	3,648	-
Accrued liabilities and deferred income	8,636	41,900
Total	631,139	669,995


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	42,892	50,000
Total	42,892	50,000


	During the year, the company has taken Bounce Back Loan of £50,000 and there is no interest to pay for the first 12 months.