Accounts filed on 31-03-2018

Accounts filed on 31-03-2018

SHORE FINANCIAL PLANNING (PLYMOUTH) LIMITED - Company Information

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Registered number: 08415092
Shore Financial Planning (Plymouth) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2018
Prepared By:
FRANK GARTLAND LIMITED
6 Torland Road
Plymouth
PL3 5TS
Shore Financial Planning (Plymouth) Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2018
DIRECTORS
MRS A TREHARNE
Mr B YEARSLEY
Mr J TREHARNE (APPOINTED 13/4/2017)
SECRETARY
Mr J TREHARNE
REGISTERED OFFICE
15 ATHENAEUM STREET
2 HOBART STREET
PLYMOUTH
PL1 2RH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08415092
ACCOUNTANTS
FRANK GARTLAND LIMITED
6 Torland Road
Plymouth
PL3 5TS
Shore Financial Planning (Plymouth) Limited
ACCOUNTS
FOR THEYEARENDED31/03/2018
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Shore Financial Planning (Plymouth) Limited
BALANCE SHEET AT 31/03/2018
20182017
Notes££
FIXED ASSETS
Intangible assets267,50081,000
Tangible assets310,75915,117
78,25996,117
CURRENT ASSETS
Debtors494,70858,767
Current Asset Investments515,00015,000
Cash at bank and in hand86,71586,165
196,423159,932
CREDITORS: Amounts falling due within one year695,211164,842
NET CURRENT ASSETS / (LIABILITIES)101,212(4,910)
TOTAL ASSETS LESS CURRENT LIABILITIES179,47191,207
PROVISIONS FOR LIABILITIES AND CHARGES81,5002,000
NET ASSETS177,97189,207
CAPITAL AND RESERVES
Called up share capital9103103
Profit and loss account177,86889,104
SHAREHOLDERS' FUNDS177,97189,207
For the year ending 31/03/2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/11/2018 and signed on their behalf by
.............................
MRS A TREHARNE
Director
Shore Financial Planning (Plymouth) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2018
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 20%
Fixtures and Fittingsstraight line 25%
Equipmentreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2017135,000135,000
At 31/03/2018135,000135,000
Depreciation
At 01/04/201754,00054,000
For the year13,50013,500
At 31/03/201867,50067,500
Net Book Amounts
At 31/03/201867,50067,500
At 31/03/201781,00081,000
Shore Financial Planning (Plymouth) Limited
3. TANGIBLE FIXED ASSETS
Short LeaseholdFixtures
Propertiesand FittingsEquipmentTotal
££££
Cost
At 01/04/201712,67716,5913,05232,320
Additions-1,9681,7093,677
At 31/03/201812,67718,5594,76135,997
Depreciation
At 01/04/20177,6058,2781,32017,203
For the year2,5354,6408608,035
At 31/03/201810,14012,9182,18025,238
Net Book Amounts
At 31/03/20182,5375,6412,58110,759
At 31/03/20175,0728,3131,73215,117
4. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors89,95753,618
Other debtors1399
Prepayments4,7504,750
94,70858,767
5. CURRENT ASSET INVESTMENTS
20182017
££
Investments - Capital Deposit15,00015,000
15,00015,000
Shore Financial Planning (Plymouth) Limited
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
UK corporation tax39,10035,000
PAYE control3,566-
Directors current account43,531124,394
Credit card4,6764,648
Trade creditors3,446-
Pension schemes92-
Accruals800800
95,211164,842
7. EMPLOYEES
20182017
No.No.
Average number of employees1014
8. PROVISIONS FOR LIABILITIES 20182017
££
Deferred taxation1,5002,000
1,5002,000
9. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
2 Ordinary B shares of £1 each22
1 Ordinary C shares of £1 each11
103103
Shore Financial Planning (Plymouth) Limited
10. OTHER FINANCIAL COMMITMENTS
At 31/03/2018 the company was committed to making the following payments under non-cancellable operating leases:
20182017
££
Operating Leases which expire:
Within one year19,000-
Within two to five years15,833-