Law Financial Planning Limited - Accounts to registrar (filleted) - small 18.2

Law Financial Planning Limited - Accounts to registrar (filleted) - small 18.2

VIA WEALTH LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v18.3.0.592 03559751 Board of Directors Board of Directors 1.9.17 31.8.18 31.8.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure035597512017-08-31035597512018-08-31035597512017-09-012018-08-31035597512016-08-31035597512016-09-012017-08-31035597512017-08-3103559751ns15:EnglandWales2017-09-012018-08-3103559751ns14:PoundSterling2017-09-012018-08-3103559751ns10:Director12017-09-012018-08-3103559751ns10:Director22017-09-012018-08-3103559751ns10:PrivateLimitedCompanyLtd2017-09-012018-08-3103559751ns10:SmallEntities2017-09-012018-08-3103559751ns10:AuditExempt-NoAccountantsReport2017-09-012018-08-3103559751ns10:SmallCompaniesRegimeForDirectorsReport2017-09-012018-08-3103559751ns10:SmallCompaniesRegimeForAccounts2017-09-012018-08-3103559751ns10:FullAccounts2017-09-012018-08-310355975112017-09-012018-08-3103559751ns10:RegisteredOffice2017-09-012018-08-3103559751ns5:CurrentFinancialInstruments2018-08-3103559751ns5:CurrentFinancialInstruments2017-08-3103559751ns5:Non-currentFinancialInstruments2018-08-3103559751ns5:Non-currentFinancialInstruments2017-08-3103559751ns5:ShareCapital2018-08-3103559751ns5:ShareCapital2017-08-3103559751ns5:RetainedEarningsAccumulatedLosses2018-08-3103559751ns5:RetainedEarningsAccumulatedLosses2017-08-3103559751ns5:NetGoodwill2017-09-012018-08-3103559751ns5:PlantMachinery2017-09-012018-08-3103559751ns5:NetGoodwill2017-08-3103559751ns5:NetGoodwill2018-08-3103559751ns5:NetGoodwill2017-08-3103559751ns5:PlantMachinery2017-08-3103559751ns5:PlantMachinery2018-08-3103559751ns5:PlantMachinery2017-08-3103559751ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-08-3103559751ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-08-31


REGISTERED NUMBER: 03559751 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018

FOR

LAW FINANCIAL PLANNING LIMITED
LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAW FINANCIAL PLANNING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2018







DIRECTORS: I P Dilks
N Maguire





REGISTERED OFFICE: 1 Henderson Business Centre
51 Ivy Road
Norwich
Norfolk
NR5 8BF





REGISTERED NUMBER: 03559751 (England and Wales)





Page 1
LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751)

BALANCE SHEET
31ST AUGUST 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 60,259 67,185
Tangible assets 5 11,216 12,625
71,475 79,810

CURRENT ASSETS
Debtors 6 33,646 20,589
Cash at bank and in hand 236,101 331,967
269,747 352,556
CREDITORS
Amounts falling due within one year 7 142,408 182,421
NET CURRENT ASSETS 127,339 170,135
TOTAL ASSETS LESS CURRENT
LIABILITIES
198,814
249,945

CREDITORS
Amounts falling due after more than one
year
8
(6,196
)
(25,900
)

PROVISIONS FOR LIABILITIES (2,131 ) (2,399 )
NET ASSETS 190,487 221,646

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 90,487 121,646
SHAREHOLDERS' FUNDS 190,487 221,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2018 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 notes form part of these financial statements

Page 2 continued...
LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751)

BALANCE SHEET - continued
31ST AUGUST 2018


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 5th October 2018 and were signed on its behalf by:




I P Dilks - Director



N Maguire - Director


The notes form part of these financial statements

Page 3
LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2018

1. STATUTORY INFORMATION

Law Financial Planning Limited 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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 5 (2017 - 5 ) .

Page 4 continued...
LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2017 271,278
Additions 40,000
At 31st August 2018 311,278
AMORTISATION
At 1st September 2017 204,093
Charge for year 46,926
At 31st August 2018 251,019
NET BOOK VALUE
At 31st August 2018 60,259
At 31st August 2017 67,185

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2017 58,662
Additions 628
At 31st August 2018 59,290
DEPRECIATION
At 1st September 2017 46,037
Charge for year 2,037
At 31st August 2018 48,074
NET BOOK VALUE
At 31st August 2018 11,216
At 31st August 2017 12,625

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 19,448 454
Other debtors 14,198 20,135
33,646 20,589

Page 5 continued...
LAW FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 03559751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 19,800 57,133
Taxation and social security 98,318 103,561
Other creditors 24,290 21,727
142,408 182,421

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 6,196 25,900

9. ULTIMATE CONTROLLING PARTY

The company was under the ultimate control of the directors.

Page 6