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Company registration number: 09918547

Fergus S Rushe Wealth Management Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2021

 

Fergus S Rushe Wealth Management Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 6

 

Fergus S Rushe Wealth Management Ltd

Company Information

Directors

Mr F S Rushe

Mrs S J Rushe

Registered office

1 Moor-Park Way
Northwich
Cheshire
CW9 8WZ

Accountants

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Fergus S Rushe Wealth Management Ltd
for the Year Ended 31 December 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fergus S Rushe Wealth Management Ltd for the year ended 31 December 2021 as set out on pages 3 to 6 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
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Fergus S Rushe Wealth Management Ltd, as a body, in accordance with the terms of our engagement letter dated 3 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of Fergus S Rushe Wealth Management Ltd and state those matters that we have agreed to state to the Board of Directors of Fergus S Rushe Wealth Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fergus S Rushe Wealth Management Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Fergus S Rushe Wealth Management 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 profit of Fergus S Rushe Wealth Management Ltd. You consider that Fergus S Rushe Wealth Management 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 Fergus S Rushe Wealth Management 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.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

13 September 2022

 

Fergus S Rushe Wealth Management Ltd

(Registration number: 09918547)
Balance Sheet as at 31 December 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

12,516

13,198

Current assets

 

Cash at bank and in hand

 

12,439

7,458

Creditors: Amounts falling due within one year

5

(4,490)

(3,352)

Net current assets

 

7,949

4,106

Total assets less current liabilities

 

20,465

17,304

Provisions for liabilities

(941)

(985)

Net assets

 

19,524

16,319

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

19,424

16,219

Shareholders' funds

 

19,524

16,319

For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

 

Fergus S Rushe Wealth Management Ltd

(Registration number: 09918547)
Balance Sheet as at 31 December 2021

Approved and authorised by the Board on 13 September 2022 and signed on its behalf by:
 

.........................................

Mr F S Rushe
Director

 

Fergus S Rushe Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Moor-Park Way
Northwich
Cheshire
CW9 8WZ
United Kingdom

2

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 on the historical cost basis.

The financial statements have been prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the sale of services net of value added tax, rebates and discounts. Sales of services are recognised when the company has delivered the services to the customer and they are accepted.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Building

4% straight line

Computer equipment

33% straight line

Office equipment

15% reducing balance

 

Fergus S Rushe Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2020 - 1).

4

Tangible assets

Building
£

Computer equipment
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2021

11,428

1,254

4,178

16,860

Additions

-

290

-

290

At 31 December 2021

11,428

1,544

4,178

17,150

Depreciation

At 1 January 2021

1,274

1,254

1,134

3,662

Charge for the year

457

97

418

972

At 31 December 2021

1,731

1,351

1,552

4,634

Carrying amount

At 31 December 2021

9,697

193

2,626

12,516

At 31 December 2020

10,154

-

3,044

13,198

5

Creditors

Creditors: amounts falling due within one year

2021
£

2020
£

Due within one year

Corporation tax

3,014

1,816

Other creditors

1,476

1,536

4,490

3,352