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REGISTERED NUMBER: NI673613 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ardent Wealth Limited

Ardent Wealth Limited (Registered number: NI673613)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ardent Wealth Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs L L Collins
Mrs S L Donnelly
R T Girvan





SECRETARY: Mrs G M Girvan





REGISTERED OFFICE: 19 Crescent Business Park
LISBURN
BT28 2GN





REGISTERED NUMBER: NI673613 (Northern Ireland)





ACCOUNTANTS: Minshull & Co
19 Crescent Business Park
LISBURN
Co. Antrim
BT28 2GN

Ardent Wealth Limited (Registered number: NI673613)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 25,725 29,400
Tangible assets 6 55,412 29,112
81,137 58,512

CURRENT ASSETS
Debtors 7 28,247 23,567
Cash at bank 52,888 48,417
81,135 71,984
CREDITORS
Amounts falling due within one year 8 50,572 45,304
NET CURRENT ASSETS 30,563 26,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,700

85,192

PROVISIONS FOR LIABILITIES 9 10,530 5,530
NET ASSETS 101,170 79,662

CAPITAL AND RESERVES
Called up share capital 10 300 300
Retained earnings 11 100,870 79,362
SHAREHOLDERS' FUNDS 101,170 79,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Ardent Wealth Limited (Registered number: NI673613)

Balance Sheet - continued
31 October 2023


The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




Mrs L L Collins - Director Mrs S L Donnelly - Director




R T Girvan - Director


Ardent Wealth Limited (Registered number: NI673613)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ardent Wealth Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ardent Wealth Limited (Registered number: NI673613)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 36,750
AMORTISATION
At 1 November 2022 7,350
Amortisation for year 3,675
At 31 October 2023 11,025
NET BOOK VALUE
At 31 October 2023 25,725
At 31 October 2022 29,400

Ardent Wealth Limited (Registered number: NI673613)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022 30,429
Additions 31,527
At 31 October 2023 61,956
DEPRECIATION
At 1 November 2022 1,317
Charge for year 5,227
At 31 October 2023 6,544
NET BOOK VALUE
At 31 October 2023 55,412
At 31 October 2022 29,112

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 28,247 21,207
Prepayments and accrued income - 697
Social security and other tax - 1,663
28,247 23,567

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Tax 33,712 23,446
Directors' current accounts 219 1,730
Accruals and deferred income 16,641 20,128
50,572 45,304

9. PROVISIONS FOR LIABILITIES
31/10/23 31/10/22
£    £   
Deferred tax 10,530 5,530

Ardent Wealth Limited (Registered number: NI673613)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 5,530
Charge to Statement of Income and Retained Earnings during
year

5,000
Balance at 31 October 2023 10,530

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C & D £1 100 100
300 300

11. RESERVES
Retained
earnings
£   

At 1 November 2022 79,362
Profit for the year 141,308
Dividends (119,800 )
At 31 October 2023 100,870