Accounts filed on 31-03-2022

Accounts filed on 31-03-2022

SHORE FINANCIAL PLANNING (PLYMOUTH) LIMITED - Company Information

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Registered number: 08415092
Shore Financial Planning (Plymouth) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
Prepared By:
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS
Shore Financial Planning (Plymouth) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
MRS A TREHARNE (Resigned 12/8/2021)
Mr J TREHARNE
SECRETARY
Mr J TREHARNE
REGISTERED OFFICE
15 ATHENAEUM STREET
PLYMOUTH
PL1 2RH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08415092
ACCOUNTANTS
Frank Gartland Limited
6 Torland Road
Plymouth
PL3 5TS
Shore Financial Planning (Plymouth) Limited
ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Shore Financial Planning (Plymouth) Limited
BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
Intangible assets213,50027,000
Tangible assets337,84828,369
51,34855,369
CURRENT ASSETS
Debtors4200,707160,047
Current Asset Investments575,00075,000
Cash at bank and in hand112,765143,128
388,472378,175
CREDITORS: Amounts falling due within one year658,59489,263
NET CURRENT ASSETS329,878288,912
TOTAL ASSETS LESS CURRENT LIABILITIES381,226344,281
PROVISIONS FOR LIABILITIES AND CHARGES83,2604,470
NET ASSETS377,966339,811
CAPITAL AND RESERVES
Called up share capital9103103
Profit and loss account377,863339,708
SHAREHOLDERS' FUNDS377,966339,811
For the year ending 31/03/2022 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/12/2022 and signed on their behalf by
.............................
Mr J TREHARNE
Director
Shore Financial Planning (Plymouth) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 20%
Fixtures and Fittingsstraight line 25%
Equipmentreducing balance 25%
Motor Carsstraight line 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
Shore Financial Planning (Plymouth) Limited
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2021135,000135,000
At 31/03/2022135,000135,000
Depreciation
At 01/04/2021108,000108,000
For the year13,50013,500
At 31/03/2022121,500121,500
Net Book Amounts
At 31/03/202213,50013,500
At 31/03/202127,00027,000
3. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsEquipmentMotor CarsTotal
£££££
Cost
At 01/04/202122,67721,99820,23516,81781,727
Additions16,498-7,282-23,780
At 31/03/202239,17521,99827,51716,817105,507
Depreciation
At 01/04/202118,67719,40611,0714,20453,358
For the year5,1258604,1124,20414,301
At 31/03/202223,80220,26615,1838,40867,659
Net Book Amounts
At 31/03/202215,3731,73212,3348,40937,848
At 31/03/20214,0002,5929,16412,61328,369
4. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors112,566116,565
Other debtors1,200-
Prepayments6,6254,750
Directors current account80,31636,828
200,707158,143
Shore Financial Planning (Plymouth) Limited
5. CURRENT ASSET INVESTMENTS
20222021
££
Investments - Capital Deposit75,00075,000
75,00075,000
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax53,40033,700
PAYE control4791,670
Bank Loan-50,000
Credit card2,3151,892
Accruals2,4002,000
58,59489,262
7. EMPLOYEES
20222021
No.No.
Average number of employees810
8. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation3,2604,470
3,2604,470
Shore Financial Planning (Plymouth) Limited
9. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
2 Ordinary B shares of £1 each22
1 Ordinary C shares of £1 each11
103103
10. OTHER FINANCIAL COMMITMENTS
At 31/03/2022 the company was committed to making the following payments under non-cancellable operating leases:
20222021
££
Operating Leases which expire:
Within one year27,80027,982
Within two to five years58,60080,940