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COMPANY REGISTRATION NUMBER: 06925283
Apogee Wealth Management Limited
Filleted Unaudited Abridged Financial Statements
30 April 2023
Apogee Wealth Management Limited
Abridged Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
21,665
29,121
Current assets
Debtors
961,590
851,795
Cash at bank and in hand
607,290
381,989
------------
------------
1,568,880
1,233,784
Creditors: amounts falling due within one year
282,208
310,150
------------
------------
Net current assets
1,286,672
923,634
------------
---------
Total assets less current liabilities
1,308,337
952,755
Creditors: amounts falling due after more than one year
36,224
41,550
Provisions
Taxation including deferred tax
5,416
5,533
------------
---------
Net assets
1,266,697
905,672
------------
---------
Capital and reserves
Called up share capital
600
600
Profit and loss account
1,266,097
905,072
------------
---------
Shareholders funds
1,266,697
905,672
------------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 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 abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Apogee Wealth Management Limited
Abridged Statement of Financial Position (continued)
30 April 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 28 June 2023 , and are signed on behalf of the board by:
Mr D P Clewlow
Mr S G Hardstaff
Director
Director
Mr P C Rowling
Director
Company registration number: 06925283
Apogee Wealth Management Limited
Notes to the Abridged Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is No. 1 Booths Park, Chelford Road, Knutsford, WA16 8GS, Cheshire.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents the value of the services provided and commissions earned by the company, without Value Added Tax as the company's activities fall outside the scope for such. Turnover is recognised on a strict daily time basis when the right to fees and commissions becomes unconditional. Provision is made where relevant for the anticipated clawback of commissions by the finance companies where relevant.
Operating leases
Rentals payable under operating leases, where substantially all of the risks and rewards of ownership remain with the lessor, are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The contributions are charged directly to the statement of income and retained earnings when they are paid.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 28 (2022: 27 ).
5. Tangible assets
£
Cost
At 1 May 2022
81,696
Additions
11,160
--------
At 30 April 2023
92,856
--------
Depreciation
At 1 May 2022
52,575
Charge for the year
18,616
--------
At 30 April 2023
71,191
--------
Carrying amount
At 30 April 2023
21,665
--------
At 30 April 2022
29,121
--------
6. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
85,041
111,966
Later than 1 year and not later than 5 years
175,178
4,506
---------
---------
260,219
116,472
---------
---------