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REGISTERED NUMBER: 11226211 (England and Wales)










Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Ashley Law Wealth Management Ltd

Ashley Law Wealth Management Ltd (Registered number: 11226211)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashley Law Wealth Management Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr A R Dolman
Mrs M Dolman





REGISTERED OFFICE: Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 11226211 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Ashley Law Wealth Management Ltd (Registered number: 11226211)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 945 13,389

CURRENT ASSETS
Debtors 5 57,029 54,448
Cash at bank 259,109 123,354
316,138 177,802
CREDITORS
Amounts falling due within one year 6 316,555 149,645
NET CURRENT (LIABILITIES)/ASSETS (417 ) 28,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

528

41,546

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 428 41,446
SHAREHOLDERS' FUNDS 528 41,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:





Mr A R Dolman - Director


Ashley Law Wealth Management Ltd (Registered number: 11226211)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Ashley Law Wealth Management Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - over the life of the lease
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

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 balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Ashley Law Wealth Management Ltd (Registered number: 11226211)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 23,958 2,105 26,063
DEPRECIATION
At 1 March 2022 11,979 695 12,674
Charge for year 11,979 465 12,444
At 28 February 2023 23,958 1,160 25,118
NET BOOK VALUE
At 28 February 2023 - 945 945
At 28 February 2022 11,979 1,410 13,389

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 23,958
DEPRECIATION
At 1 March 2022 11,979
Charge for year 11,979
At 28 February 2023 23,958
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 11,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by associates 42,861 42,861
Other debtors 14,168 11,587
57,029 54,448

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Finance leases 1,652 11,566
Taxation and social security 41,933 29,673
Other creditors 272,970 108,406
316,555 149,645

Ashley Law Wealth Management Ltd (Registered number: 11226211)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £133,000 (2022 - £86,000) were paid to the directors .

During the period, the company received income on an arms length basis of £104,815 (2022: £104,161) from Workplace Advice Group Ltd, a trading company in which the director, A R Dolman, has a beneficial interest.