Company Registration No. SC360356 (Scotland)
Stephen Walters (Financial Planning) Limited
Unaudited accounts
for the year ended 30 September 2022
Stephen Walters (Financial Planning) Limited
Unaudited accounts
Contents
Stephen Walters (Financial Planning) Limited
Company Information
for the year ended 30 September 2022
Directors
Stephen Walters
Philip Corrie-Hawes
Company Number
SC360356 (Scotland)
Registered Office
Scott House
10 South St. Andrew Street
Edinburgh
EH2 2AZ
SCOTLAND
Accountants
Susan Whitham
6 Park Place
Edinburgh
MIDLOTHIAN
EH6 4LB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Stephen Walters (Financial Planning) Limited for the year ended 30 September 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Stephen Walters (Financial Planning) Limited for the year ended
30 September 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Stephen Walters (Financial Planning) Limited, as a body, in accordance with the terms of our engagement letter dated 24 August 2020. Our work has been undertaken solely to prepare for your approval the accounts of Stephen Walters (Financial Planning) Limited and state those matters that we have agreed to state to the Board of Directors of Stephen Walters (Financial Planning) Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stephen Walters (Financial Planning) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Stephen Walters (Financial Planning) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Stephen Walters (Financial Planning) Limited. You consider that Stephen Walters (Financial Planning) Limited 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 Stephen Walters (Financial Planning) Limited. 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.
Susan Whitham
Chartered Accountants
6 Park Place
Edinburgh
MIDLOTHIAN
EH6 4LB
6 October 2022
Stephen Walters (Financial Planning) Limited
Statement of financial position
as at
30 September 2022
Tangible assets
1,541
362
Cash at bank and in hand
165,556
125,388
Creditors: amounts falling due within one year
(13,802)
(16,888)
Net current assets
172,258
145,561
Net assets
173,799
145,923
Called up share capital
1,201
1,201
Profit and loss account
172,598
144,722
Shareholders' funds
173,799
145,923
For the year ending 30 September 2022 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 and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2022 and were signed on its behalf by
Stephen Walters
Director
Company Registration No. SC360356
Stephen Walters (Financial Planning) Limited
Notes to the Accounts
for the year ended 30 September 2022
Stephen Walters (Financial Planning) Limited is a private company, limited by shares, registered in Scotland, registration number SC360356. The registered office is Scott House, 10 South St. Andrew Street, Edinburgh, EH2 2AZ, SCOTLAND.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover represents income for the provision of financial advice and commissions.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost.
Computer equipment
33% on cost.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stephen Walters (Financial Planning) Limited
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2021
204
11,724
11,928
Disposals
-
(11,516)
(11,516)
At 30 September 2022
204
2,006
2,210
At 1 October 2021
9
11,557
11,566
Charge for the year
51
568
619
On disposals
-
(11,516)
(11,516)
At 30 September 2022
60
609
669
At 30 September 2022
144
1,397
1,541
At 30 September 2021
195
167
362
Amounts falling due within one year
Trade debtors
13,554
29,407
Accrued income and prepayments
6,950
7,654
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
12,532
15,879
Loans from directors
100
160
7
Transactions with related parties
The amount due to the directors at the balance sheet date is included in creditors falling due within one year. No interest was paid for this loan, which is unsecured and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).