336 Financial Management Ltd - Accounts to registrar (filleted) - small 23.2.5
336 Financial Management Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 January 2024 |
| for |
| 336 Financial Management Ltd |
| 336 Financial Management Ltd (Registered number: SC404120) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2024 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| 336 Financial Management Ltd |
| Company Information |
| for the Year Ended 31 January 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Lanark Road |
| Edinburgh |
| EH14 1TG |
| 336 Financial Management Ltd (Registered number: SC404120) |
| Statement of Financial Position |
| 31 January 2024 |
| 31.1.24 | 31.1.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 8 |
| 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. |
| 336 Financial Management Ltd (Registered number: SC404120) |
| Statement of Financial Position - continued |
| 31 January 2024 |
| 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 |
| 336 Financial Management Ltd (Registered number: SC404120) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2024 |
| 1. | STATUTORY INFORMATION |
| 336 Financial Management Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents income received for providing financial advice. |
| Tangible fixed assets |
| Office 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| Contributions made to individual employees and directors pension schemes are charged to the company's profit and loss account for the year in which they are payable to the scheme. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 336 Financial Management Ltd (Registered number: SC404120) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Office |
| equipment |
| £ |
| COST |
| At 1 February 2023 |
| Additions |
| Disposals | ( |
) |
| At 31 January 2024 |
| DEPRECIATION |
| At 1 February 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 January 2024 |
| NET BOOK VALUE |
| At 31 January 2024 |
| At 31 January 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.24 | 31.1.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.24 | 31.1.23 |
| £ | £ |
| Corporation tax |
| Other creditors |
| 7. | PROVISIONS FOR LIABILITIES |
| 31.1.24 | 31.1.23 |
| £ | £ |
| Deferred tax | 1,072 | 1,592 |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2023 |
| Credit to Income Statement during year | ( |
) |
| Balance at 31 January 2024 |
| 336 Financial Management Ltd (Registered number: SC404120) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2024 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 February 2023 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 January 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £520,000 (2023 - £520,000) were paid to the directors . |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is D Young. |