Shrewd_Financial_Planning_Limited_31_Jan_2018_companies_house_set_of_accounts.html
Shrewd_Financial_Planning_Limited_31_Jan_2018_companies_house_set_of_accounts.html
Company registration number:
Officers and Professional Advisers
Year ended 31 January 2018
| Director |
| Company secretary |
| Registered office | United Kingdom |
| Accountant | |
| 4 Greenwood Drive Lichfield Staffordshire WS14 9AG United Kingdom |
Director's Report
Year ended 31 January 2018
The director presents the report and the unaudited financial statements of the company for the year ended 31 January 2018.
Directors
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 31 August 2018 and signed on behalf of the board by:
| Director |
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Shrewd Financial Planning Limited for the year ended 31 January 2018
Year ended 31 January 2018
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Shrewd Financial Planning Limited for the year ended 31 January 2018 which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Shrewd Financial Planning Limited , as a body, in accordance with the terms of my engagement letter dated 6 April 2017. My work has been undertaken solely to prepare for your approval the financial statements of Shrewd Financial Planning Limited and state those matters that I have agreed to state to the Board of Directors of Shrewd Financial Planning Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Shrewd Financial Planning Limited and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that Shrewd 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 Shrewd Financial Planning Limited . You consider that Shrewd Financial Planning Limited is exempt from the statutory audit requirement for the year.
4 Greenwood Drive
Lichfield
Staffordshire
WS14 9AG
United Kingdom
Lichfield
Staffordshire
WS14 9AG
United Kingdom
Date:
31 August 2018
Income Statement
Year ended 31 January 2018
| 2018 | 2017 | |||
|---|---|---|---|---|
| £ | £ | |||
| Turnover |
|
- | ||
| Cost of sales |
(
|
) | - | |
| Gross profit |
|
- | ||
| Administrative expenses |
(
|
) | - | |
| Operating profit |
|
- | ||
| Profit before tax |
|
- | ||
| Tax on profit |
(
|
) | - | |
| Profit for the financial year |
|
- | ||
The company has no other recognised items of income or expense other than the results for the year as set out above.
Statement of Income and Retained Earnings
Year ended 31 January 2018
| 2018 | 2017 | |||
|---|---|---|---|---|
| £ | £ | |||
| Profit for the financial year |
|
- | ||
| Dividends declared and paid or payable during the year |
(
|
) | - | |
| Retained earnings at the end of the year |
|
- | ||
Statement of Financial Position
| 2018 | 2017 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Current assets | |||||
| Debtors | 5 |
|
|
||
| Cash at bank and in hand |
|
- | |||
|
|
|
||||
| Creditors: amounts falling due within one year | 6 |
(
|
) | - | |
| Net current assets |
|
|
|||
| Total assets less current liabilities | 10,483 | 100 | |||
| Capital and reserves | |||||
| Called up share capital |
|
|
|||
| Profit and loss account |
|
- | |||
| Shareholders funds |
|
|
|||
For the year ending 31 January 2018 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 31 August 2018 , and are signed on behalf of the board by:
| Director |
Company registration number:
09383774
Notes to the Financial Statements
Year ended 31 January 2018
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 105 Blackburn Avenue , Wolverhampton , West Midlands , WV6 9JT , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4 Average number of employees
The average number of persons employed by the company during the year was 2 (2017: Nil).
5 Debtors
| 2018 | 2017 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other debtors |
|
|
||
6 Creditors: amounts falling due within one year
| 2018 | 2017 | |||
|---|---|---|---|---|
| £ | £ | |||
| Taxation and social security |
|
- | ||