Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3162022-04-01falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11411613 2022-04-01 2023-03-31 11411613 2021-04-01 2022-03-31 11411613 2023-03-31 11411613 2022-03-31 11411613 c:Director1 2022-04-01 2023-03-31 11411613 d:Goodwill 2022-04-01 2023-03-31 11411613 d:Goodwill 2023-03-31 11411613 d:Goodwill 2022-03-31 11411613 d:CurrentFinancialInstruments 2023-03-31 11411613 d:CurrentFinancialInstruments 2022-03-31 11411613 d:Non-currentFinancialInstruments 2023-03-31 11411613 d:Non-currentFinancialInstruments 2022-03-31 11411613 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11411613 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 11411613 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11411613 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 11411613 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 11411613 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 11411613 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 11411613 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-03-31 11411613 d:ShareCapital 2023-03-31 11411613 d:ShareCapital 2022-03-31 11411613 d:RetainedEarningsAccumulatedLosses 2023-03-31 11411613 d:RetainedEarningsAccumulatedLosses 2022-03-31 11411613 c:FRS102 2022-04-01 2023-03-31 11411613 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 11411613 c:FullAccounts 2022-04-01 2023-03-31 11411613 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 11411613 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 11411613









CONSILIUM WEALTH MANAGEMENT LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CONSILIUM WEALTH MANAGEMENT LTD
REGISTERED NUMBER: 11411613

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
375,840
375,840

  
375,840
375,840

Current assets
  

Debtors: amounts falling due after more than one year
 5 
2,002
2,002

Debtors: amounts falling due within one year
 5 
100,105
82,397

Cash at bank and in hand
 6 
6,118
549

  
108,225
84,948

Creditors: amounts falling due within one year
 7 
(147,374)
(64,192)

Net current (liabilities)/assets
  
 
 
(39,149)
 
 
20,756

Total assets less current liabilities
  
336,691
396,596

Creditors: amounts falling due after more than one year
 8 
(286,827)
(390,783)

  

Net assets
  
49,864
5,813


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
49,764
5,713

  
49,864
5,813


Page 1

 
CONSILIUM WEALTH MANAGEMENT LTD
REGISTERED NUMBER: 11411613
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 October 2023.




................................................
Wayne Coleman
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CONSILIUM WEALTH MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Consilium Wealth Management Limited is a private company limited by shares, registered in the United Kingdowm number 11411613. Its registered office is Manor House, 35 St Thomas's Road, Chorley, PR7 1HP.                                                                                                                                                                                 During the year the principal activity of the company was that of financial management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
CONSILIUM WEALTH MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
CONSILIUM WEALTH MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 6).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
375,840



At 31 March 2023

375,840






Net book value



At 31 March 2023
375,840



At 31 March 2022
375,840




5.


Debtors

2023
2022
£
£
Page 5

 
CONSILIUM WEALTH MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.Debtors (continued)


Due after more than one year

Other debtors
2,002
2,002

2,002
2,002


2023
2022
£
£

Due within one year

Trade debtors
5,302
-

Other debtors
94,803
82,397

100,105
82,397



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
6,118
549

6,118
549



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
57,351
-

Trade creditors
2,370
-

Corporation tax
27,455
7,700

Other taxation and social security
1,491
-

Other creditors
14,632
8,303

Accruals and deferred income
44,075
48,189

147,374
64,192


Page 6

 
CONSILIUM WEALTH MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
187,780
290,868

Other creditors
99,047
99,915

286,827
390,783



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
57,351
-


57,351
-

Amounts falling due 1-2 years

Bank loans
57,351
-


57,351
-


Amounts falling due after more than 5 years

Bank loans
130,430
290,868

130,430
290,868

245,132
290,868



10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £692.19 

Page 7

 
CONSILIUM WEALTH MANAGEMENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Transactions with directors

During the year the directors loan account amounted to £1,611, this was made up of an opening balance of £7,567 advances totalling £55,445, credits totalling £6,267 and dividends of £40,000. This is represented within other debtors.

 
Page 8