Registration number:
All Things Financial Limited
for the
Year Ended 31 January 2021
All Things Financial Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
All Things Financial Limited
Company Information
Director |
S J Brannigan |
Company secretary |
Mrs H L Brannigan |
Registered office |
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Accountants |
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All Things Financial Limited
(Registration number: 05099940)
Balance Sheet as at 31 January 2021
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2021 |
2020 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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All Things Financial Limited
(Registration number: 05099940)
Balance Sheet as at 31 January 2021
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
For the financial year ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
All Things Financial Limited
Approved and authorised by the
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All Things Financial Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentational currency of these accounts is pound sterling (£).
Going concern
On 11 March 2020, COVID-19 was declared a pandemic by the World Health Organisation. Shortly thereafter the UK government issued guidance restricting movement of people to help reduce the impact of COVID-19. The directors have assessed the challenges arising from the uncertainty around the actual and potential impacts upon the company posed by COVID-19. The directors have determined, no material uncertainty on the companies ability to trade for the forseeable future, arises as a result of the global pandemic.
Exemption from preparing group accounts
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.
All Things Financial Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021
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Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
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Computer equipment |
Straight line over 4 years |
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
Classification
All Things Financial Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 February 2020 |
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At 31 January 2021 |
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Depreciation |
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At 1 February 2020 |
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Charge for the year |
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At 31 January 2021 |
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Carrying amount |
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At 31 January 2021 |
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At 31 January 2020 |
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Debtors |
2021 |
2020 |
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Prepayments |
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Other debtors |
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All Things Financial Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021
Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
2020 |
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Due within one year |
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Bank loans and overdrafts |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2021 |
2020 |
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Due after one year |
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Loans and borrowings |
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Related party transactions |
Transactions with the director |
2021 |
At 1 February 2020 |
Advances to director |
Repayments |
At 31 January 2021 |
S J Brannigan |
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Directors Loan Account |
9,650 |
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All Things Financial Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021
7 |
Related party transactions (continued) |
2020 |
At 1 February 2019 |
Advances to director |
Repayments |
At 31 January 2020 |
S J Brannigan |
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Directors Loan Account |
19,785 |
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