IRIS Accounts Production v23.2.0.158 09413223 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094132232022-03-31094132232023-03-31094132232022-04-012023-03-31094132232021-03-31094132232021-04-012022-03-31094132232022-03-3109413223ns10:Originalns15:EnglandWales2022-04-012023-03-3109413223ns14:PoundSterlingns10:Original2022-04-012023-03-3109413223ns10:Originalns10:Director12022-04-012023-03-3109413223ns10:Original2022-04-012023-03-3109413223ns10:Original2023-03-3109413223ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109413223ns10:Originalns10:SmallEntities2022-04-012023-03-3109413223ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3109413223ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109413223ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109413223ns10:Originalns10:FullAccounts2022-04-012023-03-3109413223ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3109413223ns10:Originalns10:RegisteredOffice2022-04-012023-03-3109413223ns10:Original2022-03-3109413223ns10:Originalns5:CurrentFinancialInstruments2023-03-3109413223ns10:Originalns5:CurrentFinancialInstruments2022-03-3109413223ns10:Originalns5:Non-currentFinancialInstruments2023-03-3109413223ns10:Originalns5:Non-currentFinancialInstruments2022-03-3109413223ns5:ShareCapitalns10:Original2023-03-3109413223ns5:ShareCapitalns10:Original2022-03-3109413223ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109413223ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109413223ns10:Originalns5:FurnitureFittings2022-04-012023-03-3109413223ns10:Original2021-04-012022-03-3109413223ns10:Originalns5:FurnitureFittings2022-03-3109413223ns10:Originalns5:FurnitureFittings2023-03-3109413223ns10:Originalns5:FurnitureFittings2022-03-3109413223ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3109413223ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3109413223ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3109413223ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3109413223ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3109413223ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-3109413223ns10:Originalns10:OrdinaryShareClass12023-03-3109413223ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109413223ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 09413223 (England and Wales)










Financial Statements

for the Year Ended 31 March 2023

for

Henshall Wealth Management Limited

Henshall Wealth Management Limited (Registered number: 09413223)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Henshall Wealth Management Limited

Company Information
for the Year Ended 31 March 2023







Director: Mr A J Henshall





Registered office: Grosvenor House, Central Park
Telford
Shropshire
TF2 9TW





Registered number: 09413223 (England and Wales)





Accountants: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Henshall Wealth Management Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Henshall Wealth Management Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Henshall Wealth Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Henshall Wealth Management Limited and state those matters that we have agreed to state to the director of Henshall Wealth Management Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Henshall Wealth Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Henshall Wealth Management Limited. You consider that Henshall Wealth Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Henshall Wealth Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG


28 November 2023

Henshall Wealth Management Limited (Registered number: 09413223)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,486 1,797

Current assets
Debtors 5 64,635 55,884
Cash at bank 6,278 17,850
70,913 73,734
Creditors
Amounts falling due within one year 6 23,765 22,010
Net current assets 47,148 51,724
Total assets less current liabilities 48,634 53,521

Creditors
Amounts falling due after more than one
year

7

34,115

39,064
Net assets 14,519 14,457

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 14,419 14,357
Shareholders' funds 14,519 14,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Henshall Wealth Management Limited (Registered number: 09413223)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mr A J Henshall - Director


Henshall Wealth Management Limited (Registered number: 09413223)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Henshall Wealth Management Limited 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.

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.
Fixtures and fittings - 25% on reducing balance

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

Henshall Wealth Management Limited (Registered number: 09413223)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
Cost
At 1 April 2022
and 31 March 2023 8,651
Depreciation
At 1 April 2022 6,854
Charge for year 311
At 31 March 2023 7,165
Net book value
At 31 March 2023 1,486
At 31 March 2022 1,797

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 22,627 28,126
Amounts owed by associates 42,008 27,758
64,635 55,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,250 1,304
Corporation tax 5,527 4,854
Social security and other taxes 857 3,070
Directors' current accounts 3,491 142
Accruals and deferred income 2,640 2,640
23,765 22,010

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 24,115 29,064
34,115 39,064

Henshall Wealth Management Limited (Registered number: 09413223)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary shares 1 100 100

9. RESERVES
Retained
earnings
£

At 1 April 2022 14,357
Profit for the year 2,562
Dividends (2,500 )
At 31 March 2023 14,419

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A J Henshall.