Pope Financial Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05682280 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 JANUARY 2023

FOR

POPE FINANCIAL SERVICES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Pope

REGISTERED OFFICE:

Seven Stars House

Seven Stars Industrial Estate

1 Wheler Road

Coventry

West Midlands

CV3 4LB

REGISTERED NUMBER:

05682280 (England and Wales)

FIXED ASSETS

Tangible assets

4

13,500

9,084

CURRENT ASSETS

Debtors

342,219

369,092

Cash at bank

16,529

529

358,748

369,621

CREDITORS

Amounts falling due within one year

42,931

43,170

NET CURRENT ASSETS

315,817

326,451

TOTAL ASSETS LESS CURRENT LIABILITIES

329,317

335,535

CREDITORS

Amounts falling due after more than one year

(27,268

)

(29,195

)

PROVISIONS FOR LIABILITIES

(2,565

)

(1,726

)

NET ASSETS

299,484

304,614

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

299,384

304,514

299,484

304,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Balance Sheet for the year ended 27 January 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 director and authorised for issue on 26 October 2023 and were signed by:

B Pope - Director

1.	STATUTORY INFORMATION

Pope Financial Services 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Tangible fixed assets

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

Fixtures & fittings

-

Straight line over 3 years

Motor vehicles

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 28 January 2022

23,180

Additions

18,000

Disposals

(16,150

)

At 27 January 2023

25,030

DEPRECIATION

At 28 January 2022

14,096

Charge for year

4,500

Eliminated on disposal

(7,066

)

At 27 January 2023

11,530

NET BOOK VALUE

At 27 January 2023

13,500

At 27 January 2022

9,084

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 27 January 2023 and the period ended 27 January 2022:

2023

2022

£

£

B Pope

Balance outstanding at start of year

99,883

106,390

Amounts advanced

71,746

-

Amounts repaid

-

(6,507

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

171,629

99,883

6.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.