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Company Registration No. 12016073 (England and Wales)
Fidenti Wealth Limited Unaudited accounts for the year ended 31 December 2022
Fidenti Wealth Limited Unaudited accounts Contents
Page
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Fidenti Wealth Limited Company Information for the year ended 31 December 2022
Directors
Corrie D'Silva Nicholas D'Silva Alan Parr
Company Number
12016073 (England and Wales)
Registered Office
Confidence House 2 Bold Street Sandbach CW11 1GR
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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Fidenti Wealth Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,282 
4,151 
Current assets
Debtors
25,000 
- 
Cash at bank and in hand
48,171 
49,094 
73,171 
49,094 
Creditors: amounts falling due within one year
(59,439)
(17,232)
Net current assets
13,732 
31,862 
Total assets less current liabilities
31,014 
36,013 
Creditors: amounts falling due after more than one year
(29,171)
(32,667)
Net assets
1,843 
3,346 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,743 
3,246 
Shareholders' funds
1,843 
3,346 
For the year ending 31 December 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 28 September 2023 and were signed on its behalf by
Alan Parr Director Company Registration No. 12016073
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Fidenti Wealth Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Fidenti Wealth Limited is a private company, limited by shares, registered in England and Wales, registration number 12016073. The registered office is Confidence House, 2 Bold Street, Sandbach, CW11 1GR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% Reducing Balance
Computer equipment
33% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Fidenti Wealth Limited Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
3,064 
5,120 
8,184 
Additions
18,687 
1,994 
20,681 
At 31 December 2022
21,751 
7,114 
28,865 
Depreciation
At 1 January 2022
1,036 
2,997 
4,033 
Charge for the year
5,179 
2,371 
7,550 
At 31 December 2022
6,215 
5,368 
11,583 
Net book value
At 31 December 2022
15,536 
1,746 
17,282 
At 31 December 2021
2,028 
2,123 
4,151 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due after more than one year
Other debtors
25,000 
- 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
10,327 
10,120 
Loans from directors
416 
425 
Accruals
940 
720 
Deferred income
47,756 
5,967 
59,439 
17,232 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
29,171 
32,667 
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).
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