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REGISTERED NUMBER: 06828686 (England and Wales)















BLUECOAT WEALTH MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






BLUECOAT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06828686)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUECOAT WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: R N Clarke
D M Langley





SECRETARY: Mrs W S Clarke





REGISTERED OFFICE: 11 Lady Bee Enterprise Centre
Albion Street
Southwick
West Sussex
BN42 4BW





REGISTERED NUMBER: 06828686 (England and Wales)

BLUECOAT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06828686)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,093 26,310
22,093 26,310

CURRENT ASSETS
Debtors 6 12,405 11,192
Cash at bank 25,441 17,281
37,846 28,473
CREDITORS
Amounts falling due within one year 7 (29,466 ) (17,160 )
NET CURRENT ASSETS 8,380 11,313
TOTAL ASSETS LESS CURRENT LIABILITIES 30,473 37,623

PROVISIONS FOR LIABILITIES (3,852 ) (4,707 )
NET ASSETS 26,621 32,916

CAPITAL AND RESERVES
Called up share capital 8 2,003 2,003
Retained earnings 24,618 30,913
SHAREHOLDERS' FUNDS 26,621 32,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

BLUECOAT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06828686)

BALANCE SHEET - continued
30 APRIL 2024


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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





R N Clarke - Director


BLUECOAT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06828686)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Bluecoat Wealth Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "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 cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of financial advisory services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the extent that the service has been provided.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, 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 - Straight line over 4 years
Computer equipment - Straight line over 4 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

BLUECOAT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06828686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 300,000
AMORTISATION
At 1 May 2023
and 30 April 2024 300,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

BLUECOAT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06828686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 74,239
Additions 5,528
At 30 April 2024 79,767
DEPRECIATION
At 1 May 2023 47,929
Charge for year 9,745
At 30 April 2024 57,674
NET BOOK VALUE
At 30 April 2024 22,093
At 30 April 2023 26,310

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,511 5,511
Prepayments and accrued income 6,894 5,681
12,405 11,192

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,362 1,362
Corporation tax 23,294 9,250
Social security and other taxes 1,206 1,750
Other creditors - 1,049
Pension creditor 3,303 3,449
Accruals and deferred income 301 300
29,466 17,160

BLUECOAT WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06828686)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary £1 2,000 2,000
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
2,003 2,003

9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £4,408 (2023 - £37,706).