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REGISTERED NUMBER: 06947616 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FLUENT WEALTH MANAGEMENT LIMITED

FLUENT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06947616)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLUENT WEALTH MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs T H Regan
C J Regan





REGISTERED OFFICE: 5 White Oak Square
London Road
Swanley
Kent
BR8 7AG





REGISTERED NUMBER: 06947616 (England and Wales)





ACCOUNTANTS: Sargeant Partnership LLP
Chartered Accountants
5 White Oak Square
London Road
Swanley
Kent
BR8 7AG

FLUENT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06947616)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,860 5,786
Tangible assets 5 5,463 6,148
10,323 11,934

CURRENT ASSETS
Debtors 6 268,831 260,311
Cash at bank 14,510 52,931
283,341 313,242
CREDITORS
Amounts falling due within one year 7 38,096 43,313
NET CURRENT ASSETS 245,245 269,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,568

281,863

PROVISIONS FOR LIABILITIES 1,186 1,318
NET ASSETS 254,382 280,545

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 254,282 280,445
SHAREHOLDERS' FUNDS 254,382 280,545

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

FLUENT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06947616)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:




Mrs T H Regan - Director



C J Regan - Director


FLUENT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06947616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Fluent 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 - frs 102 - section 1a
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.

The accounts have been prepared in accordance with the Financial Reporting Standard for provisions of FRS 102 Section 1A small entities. There were no material departures from that standard

These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 January 2015.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% per annum on reducing balance
Fixtures and fittings - 25% per annum on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FLUENT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06947616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 9,255
AMORTISATION
At 1 January 2023 3,469
Charge for year 926
At 31 December 2023 4,395
NET BOOK VALUE
At 31 December 2023 4,860
At 31 December 2022 5,786

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 January 2023 6,383 23,030 29,413
Additions - 616 616
At 31 December 2023 6,383 23,646 30,029
DEPRECIATION
At 1 January 2023 4,380 18,885 23,265
Charge for year 200 1,101 1,301
At 31 December 2023 4,580 19,986 24,566
NET BOOK VALUE
At 31 December 2023 1,803 3,660 5,463
At 31 December 2022 2,003 4,145 6,148

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 254,899 245,314
Other debtors 13,932 14,997
268,831 260,311

FLUENT WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06947616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 32,495 37,404
Other creditors 5,601 5,909
38,096 43,313

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 January 2023 280,445
Profit for the year 104,519
Dividends (130,682 )
At 31 December 2023 254,282

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, C Regan was owed £575 by the company (2022: £781) and T Regan was owed £517 (2022: £590) by the company.

During the year, net dividends of £130,682 were paid to the directors.

11. RELATED PARTY DISCLOSURES

C and T Regan are also the directors of Fluent Direct Limited.

At 31 December 2023, the company was owed £254,899 (2022:£245,314) by Fluent Direct Limited.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.