Registration number:
C X Wealth Ltd
for the Year Ended 31 March 2023
C X Wealth Ltd
(Registration number: 07861938)
Balance Sheet as at 31 March 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Other financial assets |
5,000 |
- |
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
200 |
200 |
|
Retained earnings |
1,925,697 |
1,307,872 |
|
Shareholders' funds |
1,925,897 |
1,308,072 |
C X Wealth Ltd
(Registration number: 07861938)
Balance Sheet as at 31 March 2023
For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
C X Wealth Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial
Reporting Standard 102
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Going concern
The financial statements have been prepared on a going concern basis. The company has on going service agreements and sufficient
finance arrangements to fulfil its activities.
Revenue recognition
Turnover represents fees chargeable and loan interest receivable.
Tax
Taxation for the year is recognised in the profit & loss account. The corporation tax charge is calculated on the basis of tax rates and
laws that apply in the countries where the company operates and generates taxable income.
Tangible assets
Depreciation is provided at the following annual rate in order to write off the costs less estimated residual value of each asset over its
estimated useful life.
Depreciation
Asset class |
Depreciation method and rate |
Computer equipment |
40% on cost |
Investment property
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
C X Wealth Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
|
Non-current financial assets |
||
Cost or valuation |
||
Additions |
5,000 |
5,000 |
At 31 March 2023 |
5,000 |
5,000 |
Impairment |
||
Carrying amount |
||
At 31 March 2023 |
|
5,000 |
Debtors |
Current |
2023 |
2022 |
Trade debtors |
|
|
Prepayments |
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
|
Due within one year |
||
Loans and borrowings |
|
|
Trade creditors |
|
|
Taxation and social security |
- |
|
Other creditors |
- |
|
|
|
C X Wealth Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023
Creditors: amounts falling due after more than one year
2023 |
2022 |
|
Due after one year |
||
Other non-current financial liabilities |
|
|