Company Registration No. 11052590 (England and Wales)
East Anglia Wealth Management Limited
Unaudited accounts
for the year ended 31 March 2023
East Anglia Wealth Management Limited
Unaudited accounts
Contents
East Anglia Wealth Management Limited
Company Information
for the year ended 31 March 2023
Directors
Nicholas Powell
Charlotte Elizabeth Fiddy
James Robert David Fiddy
Colleen Rachel Giacomelli
Daniel Shaun Giacomelli
Daniel Giacomelli
Company Number
11052590 (England and Wales)
Registered Office
52 Colegate
Norwich
Norfolk
NR3 1DD
England
Accountants
Eastfield Accountants Limited
Blofield Business Centre
Woodbastwick Road
Blofield Heath
Norwich
Norfolk
NR13 4RR
East Anglia Wealth Management Limited
Statement of financial position
as at 31 March 2023
Intangible assets
845,073
521,389
Tangible assets
4,989
8,208
Cash at bank and in hand
103,802
295,367
Creditors: amounts falling due within one year
(92,918)
(143,379)
Net current assets
83,028
220,840
Total assets less current liabilities
933,090
750,437
Creditors: amounts falling due after more than one year
(383,937)
(498,103)
Net assets
549,153
252,334
Called up share capital
204
204
Profit and loss account
148,949
252,130
Shareholders' funds
549,153
252,334
For the year ending 31 March 2023 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 3 November 2023 and were signed on its behalf by
James Robert David Fiddy
Director
Company Registration No. 11052590
East Anglia Wealth Management Limited
Notes to the Accounts
for the year ended 31 March 2023
East Anglia Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 11052590. The registered office is 52 Colegate, Norwich, Norfolk, NR3 1DD, England.
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.
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
20% Reducing Balance
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 March 2023
1,263,164
Charge for the year
126,316
East Anglia Wealth Management Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
7,000
14,119
21,119
At 31 March 2023
7,000
14,119
21,119
At 1 April 2022
2,520
10,391
12,911
Charge for the year
896
2,323
3,219
At 31 March 2023
3,416
12,714
16,130
At 31 March 2023
3,584
1,405
4,989
At 31 March 2022
4,480
3,728
8,208
Amounts falling due within one year
Trade debtors
64,832
51,028
Accrued income and prepayments
-
106
Other debtors
7,312
17,718
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
37,500
41,085
Taxes and social security
53,584
66,697
Loans from directors
-
33,677
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
383,937
498,103
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Average number of employees
During the year the average number of employees was 7 (2022: 7).