The Account Planning Group Limited Filleted accounts for Companies House (small and micro)

THE ACCOUNT PLANNING GROUP LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08266609

The Account Planning Group Limited

Company Limited by Guarantee

Filleted Unaudited Accounts

31 December 2022

The Account Planning Group Limited

Company Limited by Guarantee

Statement of Financial Position

31 December 2022

	2022		2021
Note	£	£	£	£

Fixed assets

Tangible assets	6		–		849

Current assets

Stocks		509	524
Debtors	7	41,782	39,595
Cash at bank and in hand		431,193	467,024
		---------	---------
		473,484	507,143

Creditors: amounts falling due within one year	8	( 166,630)		( 158,983)
		---------		---------
Net current assets			306,854		348,160
			---------		---------
Total assets less current liabilities			306,854		349,009
			---------		---------
Net assets			306,854		349,009
			---------		---------

Capital and reserves

Profit and loss account	306,854	349,009
	---------	---------
Members funds	306,854	349,009
	---------	---------

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

The Account Planning Group Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

31 December 2022

These accounts were approved by the board of directors and authorised for issue on 5 September 2023 , and are signed on behalf of the board by:

Ms S Newman

Director

Company registration number: 08266609

The Account Planning Group Limited

Company Limited by Guarantee

Notes to the Accounts

Year ended 31 December 2022

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 40 Stockwell Street, First Floor, London, SE10 8EY.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in sterling, which is the functional currency of the entity. The amounts in the accounts are presented to the nearest £, unless otherwise stated. Going Concern The company has continued the successful programme of online events and training, supplemented by occasional in-person events. Funds held in reserve to deal with difficult business conditions put the Company in a strong position to carry on trading for 2023. As predicted and with the primary purpose of supporting and benefiting our members, the company showed a loss in 2022. However the strong reserve more than buffers any financial concerns.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying small entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under section 1A of FRS 102: (a) No cash flow statement has been presented for the company. (b) No disclosure has been given for the aggregate remuneration of key management personnel.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Equipment	-	50 % straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Trade and other debtors Trade and other debtors are initially recorded at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts expect where the effect of discounting would be immaterial. In such cases, receivables and stated at cost less impairment losses for bad and doubtful debts. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Trade and other creditors Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Company limited by guarantee

The company is a company limited by guarantee and consequently does not have any share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2021: 4 ).

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2022 and 31 December 2022	270	4,770	5,040
	----	-------	-------
Depreciation
At 1 January 2022	203	3,988	4,191
Charge for the year	67	782	849
	----	-------	-------
At 31 December 2022	270	4,770	5,040
	----	-------	-------
Carrying amount
At 31 December 2022	–	–	–
	----	-------	-------
At 31 December 2021	67	782	849
	----	-------	-------

7. Debtors

	2022	2021
	£	£
Trade debtors	28,912	33,710
Other debtors	12,870	5,885
	--------	--------
	41,782	39,595
	--------	--------

8. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	5,725	12,996
Social security and other taxes	24,512	35,409
Other creditors	136,393	110,578
	---------	---------
	166,630	158,983
	---------	---------

9. Related party transactions

No related party transactions have been identified that are required to be disclosed under FRS 102 Section 1A.