Company Registration No. 6068332 (England and Wales)
CVS FINANCIAL PLANNING LTD
Annual report and unaudited accounts
for the year ended 31 January 2017
CVS FINANCIAL PLANNING LTD
Annual report and unaudited accounts
Contents
CVS FINANCIAL PLANNING LTD
Company Information
for the year ended 31 January 2017
Directors
Refaqat Sabir
Shazia Sabir
Company Number
6068332 (England and Wales)
Registered Office
UNIT 5 1ST FLOOR
HIGHGATE BUSINESS CENTRE HIGHGATE ROAD
BIRMINGHAM
B12 8EA
Accountants
Mayfield
5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
CVS FINANCIAL PLANNING LTD
Accountants' report
Accountants' report to the board of directors of CVS FINANCIAL PLANNING LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
CVS FINANCIAL PLANNING LTD for the year ended
31 January 2017 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CVS FINANCIAL PLANNING LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CVS FINANCIAL PLANNING LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CVS FINANCIAL PLANNING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CVS FINANCIAL PLANNING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of CVS FINANCIAL PLANNING LTD. You consider that CVS 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 accounts of CVS 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 accounts.
Mayfield
5 Highgate Business Centre
Highgate Road
Birmingham
B12 8EA
10 March 2017
CVS FINANCIAL PLANNING LTD
Statement of financial position
as at
31 January 2017
Tangible assets
2,861
3,489
Cash at bank and in hand
18,141
-
Creditors: amounts falling due within one year
(36,030)
(44,706)
Net current assets
50,782
27,033
Called up share capital
100
100
Profit and loss account
53,543
30,422
Shareholders' funds
53,643
30,522
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 10 March 2017.
Refaqat Sabir
Director
Company Registration No. 6068332
CVS FINANCIAL PLANNING LTD
Statement of Changes in Equity
as at
31 January 2017
Share
capital
Profit
& loss
account
Total
At 1 February 2015
100
30,196
30,296
Profit for the year
58,226
58,226
Dividends
(58,000)
(58,000)
At 31 January 2016
100
30,422
30,522
At 1 February 2016
100
30,422
30,522
Profit for the year
81,121
81,121
Dividends
(58,000)
(58,000)
At 31 January 2017
100
53,543
53,643
CVS FINANCIAL PLANNING LTD
Notes to the Accounts
for the year ended 31 January 2017
CVS FINANCIAL PLANNING LTD is a private company, limited by shares, registered in England and Wales, registration number 6068332. The registered office and principal place of business is UNIT 5 1ST FLOOR, HIGHGATE BUSINESS CENTRE HIGHGATE ROAD, BIRMINGHAM, B12 8EA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the invoiced value of services provided by the company.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% reducing balance basis
Computer equipment
18% reducing balance basis
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2016
21,134
6,484
27,618
At 31 January 2017
21,134
6,484
27,618
At 1 February 2016
18,521
5,608
24,129
Charge for the year
470
158
628
At 31 January 2017
18,991
5,766
24,757
At 31 January 2017
2,143
718
2,861
At 31 January 2016
2,613
876
3,489
CVS FINANCIAL PLANNING LTD
Notes to the Accounts
for the year ended 31 January 2017
Trade debtors
68,671
71,739
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
1,295
9,990
Trade creditors
6,519
18,211
Corporation tax
20,190
14,899
Other taxes and social security costs
2,367
1,606
Loans from directors
5,710
-
7
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2016: 3).