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REGISTERED NUMBER: SC456434 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

CALLIDUS WEALTH MANAGEMENT LTD

CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALLIDUS WEALTH MANAGEMENT LTD

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: G I Cuthbertson
Mrs D M Cuthbertson





REGISTERED OFFICE: 21 Young Street
Edinburgh
EH2 4HU





REGISTERED NUMBER: SC456434 (Scotland)





ACCOUNTANTS: TPP Accountants Limited
Chartered Certified Accountants
Obsidian Offices
Chantry Court
Chester
Cheshire
CH1 4QN

CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434)

BALANCE SHEET
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 69,779 86,056

CURRENT ASSETS
Debtors 6 17,526 19,545
Cash at bank 10,232 22,356
27,758 41,901
CREDITORS
Amounts falling due within one year 7 32,298 41,620
NET CURRENT (LIABILITIES)/ASSETS (4,540 ) 281
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,239

86,337

CREDITORS
Amounts falling due after more than one
year

8

-

(2,400

)

PROVISIONS FOR LIABILITIES (16,049 ) (19,793 )
NET ASSETS 49,190 64,144

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 49,090 64,044
SHAREHOLDERS' FUNDS 49,190 64,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434)

BALANCE SHEET - continued
30 September 2023


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 8 November 2023 and were signed on its behalf by:





G I Cuthbertson - Director


CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Callidus Wealth Management Limited (company number SC456434) is a private company limited by shares, registered in Scotland. Its registered office is at 21 Young Street, Edinburgh, EH2 4HU.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
As the company has sufficient work for the foreseeable future, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic climate.The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, therefore, continue to adopt the going concern basis of accounting when preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration receivable and represents amounts receivable for services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 10% on cost

Taxation
Taxation for the year represents the sum of current and deferred tax. The company's liability for current tax is calculated using rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled , based upon tax rates that have been enacted or substantively enacted by the end of the reporting period.

Hire purchase and leasing commitments
Tangible assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.Rentals payable under operating leases are charged to the Profit and Loss account on a straight line basis over the period of the lease.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Profit and Loss account in the period in which they are incurred. The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - Trade debtors, Trade creditors and bank loans. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence is found, an impairment loss is recognised in the Profit and Loss account.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 147,662
Additions 833
Disposals (7,076 )
At 30 September 2023 141,419
DEPRECIATION
At 1 October 2022 61,606
Charge for year 17,110
Eliminated on disposal (7,076 )
At 30 September 2023 71,640
NET BOOK VALUE
At 30 September 2023 69,779
At 30 September 2022 86,056

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 15,341 10,264
Other debtors 2,185 9,281
17,526 19,545

CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 1,541 629
Taxation and social security 26,166 24,602
Other creditors 4,591 16,389
32,298 41,620

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Other creditors - 2,400

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Other loans 2,400 12,000

The Other loan is secured on the asset concerned.