Cactus Financial Planning Ltd - Accounts to registrar (filleted) - small 18.1

CACTUS FINANCIAL PLANNING LTD - Company Information

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REGISTERED NUMBER: 09755704 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

CACTUS FINANCIAL PLANNING LTD

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTOR:

B J Ellis

REGISTERED OFFICE:

3 Rodney Road

Cheltenham

Glos.

GL50 1HX

REGISTERED NUMBER:

09755704 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

18,500

Tangible assets

2,245

843

20,745

843

CURRENT ASSETS

Debtors

13,754

13,272

Cash in hand

13,760

13,346

CREDITORS

Amounts falling due within one year

34,358

14,028

NET CURRENT LIABILITIES

(20,598

)

(682

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

147

161

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

SHAREHOLDERS' FUNDS

147

161

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 19 June 2018 and were signed by:

B J Ellis - Director

1.	STATUTORY INFORMATION

Cactus 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2017, is being amortised evenly over its estimated useful life of two years.

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

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

COST

Additions

37,000

At 30 September 2017

37,000

AMORTISATION

Charge for year

18,500

At 30 September 2017

18,500

NET BOOK VALUE

At 30 September 2017

18,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

COST

At 1 October 2016

1,124

Additions

347

1,897

2,244

At 30 September 2017

347

3,021

3,368

DEPRECIATION

At 1 October 2016

281

Charge for year

755

842

At 30 September 2017

1,036

1,123

NET BOOK VALUE

At 30 September 2017

260

1,985

2,245

At 30 September 2016

843

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

Trade debtors

6,564

3,980

Other debtors

7,190

9,292

13,754

13,272

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

Bank loans and overdrafts

6,272

4,507

Trade creditors

1,126

1,395

Taxation and social security

25,760

6,926

Other creditors

1,200

34,358

14,028

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

100

Ordinary

£1

100

RESERVES

Retained

earnings

At 1 October 2016

Profit for the year

86,836

Dividends

(86,850

)

At 30 September 2017

10.	RELATED PARTY DISCLOSURES

During the year the B J Ellis, the company director, received dividends of £86,850 (2016:

£26,000). At the year end B J Ellis owed the company £7,189 (2016: £9,292).

Director remuneration:

B J Ellis: £9,205 (2016: £11,724)

11.	ULTIMATE CONTROLLING PARTY

The controlling party is B J Ellis.