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
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
Fidenti Wealth Limited
Statement of financial position
as at 31 December 2022
Tangible assets
17,282
4,151
Cash at bank and in hand
48,171
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)
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
Fidenti Wealth Limited
Notes to the Accounts
for the year ended 31 December 2022
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.
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, 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
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.
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
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
At 31 December 2022
15,536
1,746
17,282
At 31 December 2021
2,028
2,123
4,151
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
10,327
10,120
Loans from directors
416
425
Deferred income
47,756
5,967
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).