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Registered Number: 05835762
England and Wales

 

 

 

WATERSIDE WEALTH MANAGEMENT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 June 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
DJ Commercial Services
30 June 2023



....................................................
DJ Commercial Services
1 Ham Island
Old Windsor
Berkshire
SL4 2JY
06 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 4 1,322    1,864 
1,322    1,864 
Current assets      
Debtors: amounts falling due within one year 207,630    195,261 
Cash at bank and in hand 102,857    100,044 
310,487    295,305 
Creditors: amount falling due within one year (52,270)   (41,733)
Net current assets 258,217    253,572 
 
Total assets less current liabilities 259,539    255,436 
Net assets 259,539    255,436 
 

Capital and reserves
     
Called up share capital 200    100 
Profit and loss account 259,339    255,336 
Shareholder's funds 259,539    255,436 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 06 March 2024 and were signed on its behalf by:


-------------------------------
Mark ALGHITA
Director
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General Information
Waterside Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 05835762, registration address 4 Taplow Quay, River Road, Maidenhead, Berkshire, SL6 0AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25 Reducing Balance
Computer Equipment 33 Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 July 2022 35,953    35,953 
Additions  
Disposals  
At 30 June 2023 35,953    35,953 
Amortisation
At 01 July 2022 35,953    35,953 
Charge for year  
On disposals  
At 30 June 2023 35,953    35,953 
Net book values
At 30 June 2023  
At 30 June 2022  


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 July 2022 3,516    8,164    11,680 
Additions    
Disposals    
At 30 June 2023 3,516    8,164    11,680 
Depreciation
At 01 July 2022 2,615    7,201    9,816 
Charge for year 225    317    542 
On disposals    
At 30 June 2023 2,840    7,518    10,358 
Net book values
Closing balance as at 30 June 2023 676    646    1,322 
Opening balance as at 01 July 2022 901    963    1,864 


3