1 false false false false false false false false false true false false false false false false No description of principal activity 2022-11-01 Sage Accounts Production Advanced 2021 - FRS102_2021 7,836 6,002 367 6,369 1,467 1,834 xbrli:pure xbrli:shares iso4217:GBP 05976868 2022-11-01 2023-10-31 05976868 2023-10-31 05976868 2022-10-31 05976868 2021-11-01 2022-10-31 05976868 2022-10-31 05976868 core:FurnitureFittings 2022-11-01 2023-10-31 05976868 bus:Director1 2022-11-01 2023-10-31 05976868 core:FurnitureFittings 2022-10-31 05976868 core:FurnitureFittings 2023-10-31 05976868 core:WithinOneYear 2023-10-31 05976868 core:WithinOneYear 2022-10-31 05976868 core:ShareCapital 2023-10-31 05976868 core:ShareCapital 2022-10-31 05976868 core:RetainedEarningsAccumulatedLosses 2023-10-31 05976868 core:RetainedEarningsAccumulatedLosses 2022-10-31 05976868 core:FurnitureFittings 2022-10-31 05976868 bus:Director1 2022-10-31 05976868 bus:Director1 2023-10-31 05976868 bus:Director1 2021-10-31 05976868 bus:Director1 2022-10-31 05976868 bus:Director1 2021-11-01 2022-10-31 05976868 bus:SmallEntities 2022-11-01 2023-10-31 05976868 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 05976868 bus:FullAccounts 2022-11-01 2023-10-31 05976868 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 05976868 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
COMPANY REGISTRATION NUMBER: 05976868
Wealthcare Independent Financial Planning Limited
Filleted Unaudited Financial Statements
31 October 2023
Wealthcare Independent Financial Planning Limited
Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
1,467
1,834
Current assets
Debtors
6
4,224
4,498
Cash at bank and in hand
49,225
47,501
------------
------------
53,449
51,999
Creditors: amounts falling due within one year
7
( 31,740)
( 32,801)
------------
------------
Net current assets
21,709
19,198
------------
------------
Total assets less current liabilities
23,176
21,032
------------
------------
Net assets
23,176
21,032
------------
------------
Wealthcare Independent Financial Planning Limited
Statement of Financial Position (continued)
31 October 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
23,175
21,031
------------
------------
Shareholders funds
23,176
21,032
------------
------------
These 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 statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 March 2024 , and are signed on behalf of the board by:
Mr A Goulding
Director
Company registration number: 05976868
Wealthcare Independent Financial Planning Limited
Notes to the Financial Statements
Year ended 31 October 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 30 Waterside, Kings Langley, Hertfordshire, WD4 8HH, United Kingdom.
2. Statement of compliance
These 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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:
Depreciation
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 November 2022 and 31 October 2023
7,836
7,836
------------
------------
Depreciation
At 1 November 2022
6,002
6,002
Charge for the year
367
367
------------
------------
At 31 October 2023
6,369
6,369
------------
------------
Carrying amount
At 31 October 2023
1,467
1,467
------------
------------
At 31 October 2022
1,834
1,834
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
4,144
4,418
Other debtors
80
80
------------
------------
4,224
4,498
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
504
1,613
Other creditors
31,236
31,188
------------
------------
31,740
32,801
------------
------------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr A Goulding
( 30,215)
( 30,215)
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr A Goulding
( 30,013)
( 202)
( 30,215)
------------
------------
------------