Opes Financial Planning Ltd - Accounts to registrar (filleted) - small 18.2
Opes Financial Planning Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 October 2018 |
| for |
| Opes Financial Planning Ltd |
| Opes Financial Planning Ltd (Registered number: SC385425) |
| Contents of the Financial Statements |
| for the Year Ended 30 October 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 6 |
| Opes Financial Planning Ltd |
| Company Information |
| for the Year Ended 30 October 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 29 Portland Road |
| Kilmarnock |
| KA1 2BY |
| Opes Financial Planning Ltd (Registered number: SC385425) |
| Balance Sheet |
| 30 October 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Opes Financial Planning Ltd (Registered number: SC385425) |
| Notes to the Financial Statements |
| for the Year Ended 30 October 2018 |
| 1. | STATUTORY INFORMATION |
| Opes Financial Planning Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The presentation currency of the financial statements is £ sterling. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets |
| have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
| affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the |
| carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
| immediately in profit or loss. |
| If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of |
| its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss |
| been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit |
| or loss. |
| Financial instruments |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
| transaction price. Any losses arising from impairment are recognised in the profit and loss account. |
| Loans and borrowings are initially recognised at the transaction price including transaction costs. They are |
| subsequently measured at amortised cost using the effective interest rate method., less impairment. If an |
| arrangement constitutes a finance transaction it is measured at present value. |
| 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 balance sheet date. |
| Opes Financial Planning Ltd (Registered number: SC385425) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 October 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 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. |
| Employee benefits |
| When employees have rendered service to the company, short term benefits to which the employees are entitled |
| are recognised at the amount expected to be paid in exchange for that service. The directors consider that no |
| provision is required for accrued holiday pay. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 31 October 2017 |
| and 30 October 2018 |
| DEPRECIATION |
| At 31 October 2017 |
| Charge for year |
| At 30 October 2018 |
| NET BOOK VALUE |
| At 30 October 2018 |
| At 30 October 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Opes Financial Planning Ltd (Registered number: SC385425) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 October 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Opes Financial Planning Ltd |
| The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Director 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 Opes Financial Planning Ltd for the year ended 30 October 2018 which comprise the Income |
| Statement, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
| This report is made solely to the director of Opes Financial Planning Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Opes Financial Planning Ltd and state those matters that we have agreed to state to the director of Opes Financial Planning Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Opes Financial Planning Ltd 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 loss of Opes Financial Planning Ltd. You consider that Opes Financial Planning Ltd 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 Opes Financial Planning Ltd. 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. |
| Chartered Accountants |
| 29 Portland Road |
| Kilmarnock |
| KA1 2BY |