2023-08-01 SC666842 2024-03-31 SC666842 2023-08-01 2024-03-31 SC666842 2023-07-31 SC666842 2022-08-01 2023-07-31 SC666842 uk-core:WithinOneYear 2023-07-31 SC666842 uk-core:WithinOneYear 2024-03-31 SC666842 uk-core:AfterOneYear 2023-07-31 SC666842 uk-core:AfterOneYear 2024-03-31 SC666842 uk-core:ShareCapital 2024-03-31 SC666842 uk-core:ShareCapital 2023-07-31 SC666842 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC666842 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 SC666842 uk-bus:Director1 2023-08-01 2024-03-31 SC666842 uk-core:ComputerEquipment 2023-08-01 2024-03-31 SC666842 uk-core:Goodwill 2023-07-31 SC666842 uk-core:Goodwill 2023-08-01 2024-03-31 SC666842 uk-core:Goodwill 2024-03-31 SC666842 uk-core:WithinOneYear uk-core:Secured 2024-03-31 SC666842 uk-core:WithinOneYear uk-core:Secured 2023-07-31 iso4217:GBP xbrli:pure SC666842 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-03-31 SC666842 uk-bus:FRS102 2023-08-01 2024-03-31 SC666842 uk-bus:FilletedAccounts 2023-08-01 2024-03-31 SC666842 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-03-31
Renton Wealth Management Ltd
Registered Number:SC666842
For the period ended 31 March 2024
Scotland
Unaudited Financial Statements
2
For the period ended 31 March 2024
Renton Wealth Management Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
SC666842
As at 31 March 2024
Renton Wealth Management Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
48,083
47,833
2
Property, plant and equipment
3,275
1,660
3
51,358
49,493
Current assets
Trade and other receivables
-
247
4
8,112
Cash and cash equivalents
7,819
8,066
8,112
Trade and other payables: amounts falling due within one
year
(24,327)
(29,184)
5
(16,215)
(21,118)
Net current liabilities
Total assets less current liabilities
30,240
33,278
Trade and other payables: amounts falling due after more
than one year
(31,780)
(30,235)
6
5
Net assets
1,498
Capital and reserves
Called up share capital
100
100
Retained earnings
(95)
1,398
5
1,498
Shareholders' funds
For the period ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Cameron Renton Director
These financial statements were approved and authorised for issue by the Board on 09 July 2024 and were signed by:
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4
Registered Number :
SC666842
For the period ended 31 March 2024
Renton Wealth Management Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the period ended 31 March 2024
Renton Wealth Management Ltd
Notes to the Financial Statements
Statutory Information
Renton Wealth Management Ltd is a private limited company, limited by shares, domiciled in Scotland, registration
number SC666842.
Registered address:
13 Wymet Gardens
Millerhill
Dalkeith
Midlothian
EH22 1FL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Intangible assets
Goodwill is stated at cost price and is being amortised over 5 years, (apportioned into the months owned in the company's financial period).
Property, plant and equipment
Property, plant and equipment, 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:
20% Straight line
Computer Equipment
3 of 5
6
For the period ended 31 March 2024
Renton Wealth Management Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 August 2023
70,000
Additions
15,000
At 31 March 2024
85,000
Amortisation
At 01 August 2023
22,167
14,750
Charge for period
At 31 March 2024
36,917
Net book value
At 31 March 2024
48,083
At 31 July 2023
47,833
3. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
At 01 August 2023
2,075
2,226
Additions
At 31 March 2024
4,301
Provision for depreciation and impairment
At 01 August 2023
415
Charge for period
611
At 31 March 2024
1,026
At 31 March 2024
Net book value
3,275
At 31 July 2023
1,660
4. Trade and other receivables
2023
2024
£
£
Other debtors
247
-
4 of 5
7
For the period ended 31 March 2024
Renton Wealth Management Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
21,849
15,543
Trade creditors
(1)
(1)
Taxation and social security
6,496
7,633
Other creditors
840
1,152
29,184
24,327
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
30,235
31,780
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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