Ark Financial Planning Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04975240 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Ark Financial Planning Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

Directors:

Mr P G Perry

Mr P D Stevenson

Registered office:

Unit 12

Gatehead Business Park

Delph New Road

Delph

Oldham

OL3 5DE

Registered number:

04975240 (England and Wales)

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Directors are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Ark Financial Planning Limited for the year ended 31 March 2017 which comprise the Profit and

Loss Account, Statement of Financial Position, and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Ark Financial Planning Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ark Financial Planning Limited and state those matters that we have agreed to state to the Board of Directors of Ark Financial Planning Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ark Financial Planning Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ark Financial Planning Limited. You consider that Ark Financial Planning Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ark Financial Planning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

23 May 2017

Fixed assets

Tangible assets

4

12,109

7,575

Current assets

Debtors

5

59,466

33,261

Prepayments and accrued income

-

1,578

Cash at bank

99,502

98,668

158,968

133,507

Creditors

Amounts falling due within one year

6

50,456

41,857

Net current assets

108,512

91,650

Total assets less current liabilities

120,621

99,225

Provisions for liabilities

2,422

1,515

Net assets

118,199

97,710

Capital and reserves

Called up share capital

22

22

Retained earnings

118,177

97,688

Shareholders' funds

118,199

97,710

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 23 May 2017 and were signed on its behalf by:

Mr P G Perry - Director

Mr P D Stevenson - Director

1.	Statutory information

Ark Financial Planning 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the total invoice value of fees and commissions receivable in respect of the year and derives

from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 5 (2016 - 5 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2016

2,179

21,597

23,776

Additions

2,840

4,501

7,341

At 31 March 2017

5,019

26,098

31,117

Depreciation

At 1 April 2016

1,493

14,708

16,201

Charge for year

529

2,278

2,807

At 31 March 2017

2,022

16,986

19,008

Net book value

At 31 March 2017

2,997

9,112

12,109

At 31 March 2016

686

6,889

7,575

5.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors

59,466

33,261

6.

Creditors: amounts falling due within one year

2017

2016

£

£

Taxation and social security

44,441

34,575

Other creditors

6,015

7,282

50,456

41,857