REGISTERED NUMBER:
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ADLER FINANCIAL PLANNING LIMITED |
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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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REGISTERED NUMBER:
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ADLER FINANCIAL PLANNING LIMITED |
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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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ADLER FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 06848531) |
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Contents of the Financial Statements |
for the year ended 31 March 2022 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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ADLER FINANCIAL PLANNING LIMITED |
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Company Information |
for the year ended 31 March 2022 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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5-6 Greenfield Crescent |
Edgbaston |
Birmingham |
West Midlands |
B15 3BE |
ADLER FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 06848531) |
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Statement of Financial Position |
31 March 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets |
Debtors | 6 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities | 8 |
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Net assets |
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Capital and reserves |
Called up share capital | 9 |
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Retained earnings |
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Shareholders' funds |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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ADLER FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 06848531) |
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Notes to the Financial Statements |
for the year ended 31 March 2022 |
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1. | Statutory information |
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Adler 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. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
The turnover shown in the profit and loss account represents commission earned and fees charged on insurance policies taken out during the year. |
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Goodwill |
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Fixed assets |
All fixed assets are initially recorded at cost. |
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Depreciation |
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: |
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Fixtures & Fittings - 30% reducing balance basis |
Motor vehicles - 25% reducing balance basis |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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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. |
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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. |
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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. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
ADLER FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 06848531) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2022 |
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3. | Employees and directors |
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The average number of employees during the year was
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4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 April 2021 |
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Disposals | ( |
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At 31 March 2022 |
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Amortisation |
At 1 April 2021 |
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Eliminated on disposal | ( |
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At 31 March 2022 |
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Net book value |
At 31 March 2022 |
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At 31 March 2021 |
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5. | Tangible fixed assets |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
Cost |
At 1 April 2021 |
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Additions |
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At 31 March 2022 |
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Depreciation |
At 1 April 2021 |
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Charge for year |
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At 31 March 2022 |
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Net book value |
At 31 March 2022 |
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At 31 March 2021 |
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6. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Prepayments |
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ADLER FINANCIAL PLANNING LIMITED (REGISTERED NUMBER: 06848531) |
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Notes to the Financial Statements - continued |
for the year ended 31 March 2022 |
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7. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Corporation tax |
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Social security and other taxes |
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Other creditors |
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Directors' loan accounts | 86,729 | 35,349 |
Accruals and deferred income |
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8. | Provisions for liabilities |
2022 | 2021 |
£ | £ |
Deferred tax | 13,526 | 1,686 |
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Deferred tax |
£ |
Balance at 1 April 2021 |
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Provided during year |
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Balance at 31 March 2022 |
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9. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
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Ordinary A Shares | £0.01 | 50 | 50 |
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Ordinary B Shares | £0.01 | 50 | 50 |
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Ordinary C Shares | £0.01 | 6 | 6 |
106 | 106 |
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10. | Related party disclosures |
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During the year, total dividends of £255,000 were paid to the directors . |
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The company was under the control of the directors during the year. |
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Included in creditors is a balance of £31,142 (2021: £13,555) on Mr B J Viner's director's loan account; a balance of £24,851 (2021: £22,195) on Mr S T Burkin's director's loan account; and a balance of £30,735 (2021: £NIL) on Mr E Sullivan's director's loan account. |