Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30false2022-10-01No description of principal activity65truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05391385 2022-10-01 2023-09-30 05391385 2021-10-01 2022-09-30 05391385 2023-09-30 05391385 2022-09-30 05391385 c:Director1 2022-10-01 2023-09-30 05391385 c:Director2 2022-10-01 2023-09-30 05391385 c:RegisteredOffice 2022-10-01 2023-09-30 05391385 d:PlantMachinery 2022-10-01 2023-09-30 05391385 d:PlantMachinery 2023-09-30 05391385 d:PlantMachinery 2022-09-30 05391385 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05391385 d:FurnitureFittings 2022-10-01 2023-09-30 05391385 d:FurnitureFittings 2023-09-30 05391385 d:FurnitureFittings 2022-09-30 05391385 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05391385 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 05391385 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-10-01 2023-09-30 05391385 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 05391385 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-09-30 05391385 d:Goodwill 2022-10-01 2023-09-30 05391385 d:Goodwill 2023-09-30 05391385 d:Goodwill 2022-09-30 05391385 d:CurrentFinancialInstruments 2023-09-30 05391385 d:CurrentFinancialInstruments 2022-09-30 05391385 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05391385 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 05391385 d:ShareCapital 2023-09-30 05391385 d:ShareCapital 2022-09-30 05391385 d:RetainedEarningsAccumulatedLosses 2023-09-30 05391385 d:RetainedEarningsAccumulatedLosses 2022-09-30 05391385 c:FRS102 2022-10-01 2023-09-30 05391385 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 05391385 c:FullAccounts 2022-10-01 2023-09-30 05391385 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure
Company registration number: 05391385







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2023


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED






































                        

 


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED
 


 
COMPANY INFORMATION


Directors
Mr G J Simpson 
Mr I P Bowers 




Registered number
05391385



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
First Floor Office
143 High Street

Barnet

Hertfordshire

EN5 5UZ






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT




Page 1

 


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED
REGISTERED NUMBER:05391385



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,569
2,312

  
1,569
2,312

Current assets
  

Debtors: amounts falling due within one year
 6 
17,265
32,121

Cash at bank and in hand
  
87,048
121,007

  
104,313
153,128

Creditors: amounts falling due within one year
 7 
(69,750)
(67,034)

Net current assets
  
 
 
34,563
 
 
86,094

Total assets less current liabilities
  
36,132
88,406

  

Net assets
  
36,132
88,406


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
36,130
88,404

  
36,132
88,406


Page 2

 


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED
REGISTERED NUMBER:05391385


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider 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 directors acknowledge their 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 by: 




Mr G J Simpson
Mr I P Bowers
Director
Director


Date: 25 January 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

Simpson Bowers Wealth Management Limited is a private company, limited by shares, registered in England and    Wales, company registration number 05391385. The registered office and principal place of business are disclosed on the company information page.

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.

The following principal accounting policies have been applied:

 
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

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.

Other intangible assets are amortised on a straight line basis to the Statement of income and retained earnings over their useful economic life of 3 years.

Page 4

 


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as below.

Depreciation is provided on the following basis:

Plant and machinery
-
33% Straight Line
Fixtures and fittings
-
25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

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 reporting date in the countries where the Company operates and generates income.


3.


Employees

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

Page 5

 


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Intangible assets




Development
Goodwill
Total

£
£
£



Cost


At 1 October 2022
720
300,000
300,720


Disposals
-
(300,000)
(300,000)



At 30 September 2023

720
-
720



Amortisation


At 1 October 2022
720
300,000
300,720


On disposals
-
(300,000)
(300,000)



At 30 September 2023

720
-
720



Net book value



At 30 September 2023
-
-
-



At 30 September 2022
-
-
-



Page 6

 


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2022
25,651
17,881
43,532



At 30 September 2023

25,651
17,881
43,532



Depreciation


At 1 October 2022
25,423
15,797
41,220


Charge for the year on owned assets
222
521
743



At 30 September 2023

25,645
16,318
41,963



Net book value



At 30 September 2023
6
1,563
1,569



At 30 September 2022
228
2,084
2,312


6.


Debtors

2023
2022
£
£


Trade debtors
269
225

Other debtors
15,311
30,112

Prepayments and accrued income
1,685
1,784

17,265
32,121



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
59,470
58,685

Other taxation and social security
1,987
114

Other creditors
8,293
7,848

Accruals and deferred income
-
387

69,750
67,034


Page 7

 


SIMPSON BOWERS WEALTH MANAGEMENT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8.


Transactions with directors

Included within other debtors is a balance due from the directors of  £15,311 (2022: £30,112).
Amounts advanced during the year totalled £265,087 (2022: £262,997).
Amounts repaid during the year totalled £280,215 (2022: £249,430).
Interest arising on these balances totalled £327 (2022: £212).

 
Page 8