S J Bettridge Financial Planning Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11136767 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 8TH JANUARY 2018 TO 31ST JANUARY 2019

FOR

S J BETTRIDGE FINANCIAL PLANNING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Bettridge

Mrs G Bettridge

REGISTERED OFFICE:

7 Chestnut Road

Redditch

B96 6AF

REGISTERED NUMBER:

11136767 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Intangible assets

4

86,254

Tangible assets

5

2,085

88,339

CURRENT ASSETS

Debtors

6

11,333

Cash at bank

19,975

31,308

CREDITORS

Amounts falling due within one year

7

12,644

NET CURRENT ASSETS

18,664

TOTAL ASSETS LESS CURRENT LIABILITIES

107,003

CREDITORS

Amounts falling due after more than one year

8

(106,441

)

PROVISIONS FOR LIABILITIES

10

(396

)

NET ASSETS

166

CAPITAL AND RESERVES

Called up share capital

11

101

Retained earnings

12

65

SHAREHOLDERS' FUNDS

166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st January 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30th April 2019 and were signed on its behalf by:

Mr S Bettridge - Director

1.	STATUTORY INFORMATION

S J Bettridge Financial Planning Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at

cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Computer equipment

-

Straight line over 3 years

Taxation

Taxation for the period 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 period 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 period was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

107,818

At 31st January 2019

107,818

AMORTISATION

Amortisation for period

21,564

At 31st January 2019

21,564

NET BOOK VALUE

At 31st January 2019

86,254

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

Additions

1,839

1,058

2,897

At 31st January 2019

1,839

1,058

2,897

DEPRECIATION

Charge for period

460

352

812

At 31st January 2019

460

352

812

NET BOOK VALUE

At 31st January 2019

1,379

706

2,085

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,952

Directors' current accounts

4,381

11,333

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

12,308

Social security and other taxes

336

12,644

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans (see note 9)

106,441

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

106,441

9.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

106,441

10.	PROVISIONS FOR LIABILITIES

£

Deferred tax

Accelerated capital allowances

396

Deferred

tax

£

Charge to Income Statement during period

396

Balance at 31st January 2019

396

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary A Voting

1

100

1

Ordinary B Voting

1

1

101

12.

RESERVES

Retained

earnings

£

Profit for the period

32,365

Dividends

(32,300

)

At 31st January 2019

65