Brian Mole IFA Ltd. - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02918076 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Brian Mole Independent

Financial Advisers Ltd.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

K R Douglas

D Woodward

N R Fern

SECRETARY:

D Woodward

REGISTERED OFFICE:

Independence House

26 Bridge Street

Burton on Trent

Staffordshire

DE14 1SY

REGISTERED NUMBER:

02918076 (England and Wales)

ACCOUNTANTS:

Bourne & Co.

Chartered Accountants

3 Charnwood Street

Derby

Derbyshire

DE1 2GY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

19,464

5,694

19,464

5,694

CURRENT ASSETS

Debtors

938,642

965,145

Cash at bank

709,186

610,443

1,647,828

1,575,588

CREDITORS

Amounts falling due within one year

296,043

328,754

NET CURRENT ASSETS

1,351,785

1,246,834

TOTAL ASSETS LESS CURRENT LIABILITIES

1,371,249

1,252,528

PROVISIONS FOR LIABILITIES

4,866

860

NET ASSETS

1,366,383

1,251,668

CAPITAL AND RESERVES

Called up share capital

6

230

230

Retained earnings

1,366,153

1,251,438

SHAREHOLDERS' FUNDS

1,366,383

1,251,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 September 2023 and were signed on its behalf by:

K R Douglas - Director

1.	STATUTORY INFORMATION

Brian Mole Independent Financial Advisers Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents commission and fees earned on work performed in the year.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised as an asset on the Balance Sheet and amortised over its estimated useful life up to a maximum of 20 years. This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery etc

-

33% on cost and 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 'Personal Pension Plans' whereby the company agrees to pay, for a director and eligible employees, a defined contribution into the director's and employee's own personal pension schemes. The company's liability is limited to the true amount of the contribution.

The liability for meeting future pension payments rests solely with the director's and employee's personal pension scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2022

and 30 April 2023

5,266

AMORTISATION

At 1 May 2022

and 30 April 2023

5,266

NET BOOK VALUE

At 30 April 2023

-

At 30 April 2022

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2022

73,180

Additions

18,950

At 30 April 2023

92,130

DEPRECIATION

At 1 May 2022

67,486

Charge for year

5,180

At 30 April 2023

72,666

NET BOOK VALUE

At 30 April 2023

19,464

At 30 April 2022

5,694

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary voting

£1

100

100

100

Ordinary A non voting

£1

15

15

15

Ordinary B non voting

£1

15

15

15

Ordinary C non voting

£1

100

100

230

230