Law Financial Planning Limited - Accounts to registrar - small 17.2
Law Financial Planning Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST AUGUST 2017 |
| FOR |
| LAW FINANCIAL PLANNING LIMITED |
| LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST AUGUST 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LAW FINANCIAL PLANNING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST AUGUST 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751) |
| ABRIDGED BALANCE SHEET |
| 31ST AUGUST 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751) |
| ABRIDGED BALANCE SHEET - continued |
| 31ST AUGUST 2017 |
| 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 |
| LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST AUGUST 2017 |
| 1. | STATUTORY INFORMATION |
| Law Financial Planning Limited is a |
| 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 |
| Turnover |
| Turnover represents fees and commissions received, net of discounts and refunds. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was being amortised |
| evenly over its estimated useful life of twenty years and in this year it has been fully written off. |
| The goodwill acquisitions from 2014 are being amortised evenly over its estimated useful life of three years. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 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 year was |
| LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST AUGUST 2017 |
| 4. | INTANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1st September 2016 |
| Additions |
| At 31st August 2017 |
| AMORTISATION |
| At 1st September 2016 |
| Amortisation for year |
| At 31st August 2017 |
| NET BOOK VALUE |
| At 31st August 2017 |
| At 31st August 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1st September 2016 |
| Additions |
| At 31st August 2017 |
| DEPRECIATION |
| At 1st September 2016 |
| Charge for year |
| At 31st August 2017 |
| NET BOOK VALUE |
| At 31st August 2017 |
| At 31st August 2016 |
| 6. | ULTIMATE CONTROLLING PARTY |
| The company was under the ultimate control of the directors. |