Acorah Software Products - Accounts Production 14.5.601 false true 31 May 2022 1 June 2021 false 1 June 2022 31 May 2023 31 May 2023 06897170 Mr K Attwell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06897170 2022-05-31 06897170 2023-05-31 06897170 2022-06-01 2023-05-31 06897170 frs-core:CurrentFinancialInstruments 2023-05-31 06897170 frs-core:Non-currentFinancialInstruments 2023-05-31 06897170 frs-core:ComputerEquipment 2022-06-01 2023-05-31 06897170 frs-core:FurnitureFittings 2022-06-01 2023-05-31 06897170 frs-core:CapitalRedemptionReserve 2023-05-31 06897170 frs-core:ShareCapital 2023-05-31 06897170 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31 06897170 frs-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 06897170 frs-bus:FilletedAccounts 2022-06-01 2023-05-31 06897170 frs-bus:SmallEntities 2022-06-01 2023-05-31 06897170 frs-bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 06897170 frs-bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 06897170 frs-bus:Director1 2022-06-01 2023-05-31 06897170 frs-bus:Director1 2022-05-31 06897170 frs-bus:Director1 2023-05-31 06897170 frs-core:CurrentFinancialInstruments 2 2023-05-31 06897170 frs-countries:EnglandWales 2022-06-01 2023-05-31 06897170 2021-05-31 06897170 2022-05-31 06897170 2021-06-01 2022-05-31 06897170 frs-core:CurrentFinancialInstruments 2022-05-31 06897170 frs-core:Non-currentFinancialInstruments 2022-05-31 06897170 frs-core:CapitalRedemptionReserve 2022-05-31 06897170 frs-core:ShareCapital 2022-05-31 06897170 frs-core:RetainedEarningsAccumulatedLosses 2022-05-31 06897170 frs-core:CurrentFinancialInstruments 1 2022-05-31 06897170 frs-core:CurrentFinancialInstruments 2 2022-05-31
Registered number: 06897170
Beaulieu Wealth Management Limited
Unaudited Financial Statements
For The Year Ended 31 May 2023
APH Accountancy Services Ltd
Chartered Certified Accountants
Office 2 The Reach
687-693 London Road
Westcliff-On-Sea
Essex
SS0 9PA
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of Beaulieu Wealth Management Limited For The Year Ended 31 May 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Beaulieu Wealth Management Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the director of Beaulieu Wealth Management Limited , as a body, in accordance with the terms of our engagement letter dated 04 June 2018. Our work has been undertaken solely to prepare for your approval the accounts of Beaulieu Wealth Management Limited and state those matters that we have agreed to state to the director of Beaulieu Wealth Management Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beaulieu Wealth Management Limited and its director as a body for our work or for this report.
It is your duty to ensure that Beaulieu Wealth Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Beaulieu Wealth Management Limited . You consider that Beaulieu Wealth Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Beaulieu Wealth Management Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
APH Accountancy Services Ltd
15 April 2024
APH Accountancy Services Ltd
Chartered Certified Accountants
Office 2 The Reach
687-693 London Road
Westcliff-On-Sea
Essex
SS0 9PA
Page 1
Page 2
Balance Sheet
Registered number: 06897170
2023 2022
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 30,273 30,921
Cash at bank and in hand - 6,001
30,273 36,922
Creditors: Amounts Falling Due Within One Year 5 (137,486 ) (89,005 )
NET CURRENT ASSETS (LIABILITIES) (107,213 ) (52,083 )
TOTAL ASSETS LESS CURRENT LIABILITIES (107,213 ) (52,083 )
Creditors: Amounts Falling Due After More Than One Year 6 (35,776 ) (40,301 )
NET LIABILITIES (142,989 ) (92,384 )
CAPITAL AND RESERVES
Called up share capital 7 200 200
Capital redemption reserve 100 100
Profit and Loss Account (143,289 ) (92,684 )
SHAREHOLDERS' FUNDS (142,989) (92,384)
Page 2
Page 3
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K Attwell
Director
15 April 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Beaulieu Wealth Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06897170 . The registered office is 23 Robjohns Road, Widford Industrial Estate, Chelmsford, Essex, CM1 3AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents commission and fees receivable for accepted policies wholly attributable to the United Kingdom.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
Computer Equipment 33.33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 26,797 -
Other debtors - 1,440
Other debtors (1) - 15,311
Corporation tax recoverable assets 3,476 3,476
Director's loan account - 10,694
30,273 30,921
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Bank loans and overdrafts 16,747 11,943
Corporation tax 54,660 56,893
Other taxes and social security 3,470 2,252
Other creditors 1,028 803
Other creditors (1) - 14,465
...CONTINUED
Page 4
Page 5
Other creditors (2) 30,000 -
Accruals and deferred income 1,200 2,649
Director's loan account 30,381 -
137,486 89,005
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 35,776 37,890
Other creditors - 2,411
35,776 40,301
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
8. Directors Advances, Credits and Guarantees
Included within Crditors are the following loans from directors:
As at 1 June 2022 Amounts advanced Amounts repaid Amounts written off As at 31 May 2023
£ £ £ £ £
Mr K Attwell (10,694 ) 58,856 17,781 - 30,381
The above loans are unsecured, interest free and repayable on demand.
Page 5