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Company Registration No. 09724428 (England and Wales)
Bowcliffe Wealth Management Limited Unaudited accounts for the year ended 31 March 2024
Bowcliffe Wealth Management Limited Unaudited accounts Contents
Page
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Bowcliffe Wealth Management Limited Company Information for the year ended 31 March 2024
Directors
S Campbell A Brook
Company Number
09724428 (England and Wales)
Registered Office
Bowcliffe Court, Bowcliffe Hall Great North Road, Bramham Wetherby LS23 6LW
Accountants
Taxease Ltd 5 Fieldhead Drive Barwick in Elmet Leeds LS15 4EE
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Bowcliffe Wealth Management Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,654,355 
2,710,319 
Tangible assets
181,898 
226,260 
Investments
8,345 
61,277 
2,844,598 
2,997,856 
Current assets
Debtors
64,682 
93,731 
Cash at bank and in hand
104,674 
164,434 
169,356 
258,165 
Creditors: amounts falling due within one year
(165,228)
(199,278)
Net current assets
4,128 
58,887 
Total assets less current liabilities
2,848,726 
3,056,743 
Creditors: amounts falling due after more than one year
(1,756,702)
(1,749,177)
Net assets
1,092,024 
1,307,566 
Capital and reserves
Called up share capital
1,000 
1,000 
Share premium
790,215 
1,012,215 
Profit and loss account
300,809 
294,351 
Shareholders' funds
1,092,024 
1,307,566 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by
A Brook Director Company Registration No. 09724428
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Bowcliffe Wealth Management Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Bowcliffe Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 09724428. The registered office is Bowcliffe Court, Bowcliffe Hall, Great North Road, Bramham, Wetherby, LS23 6LW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 April 2023
2,034,632 
1,489,538 
3,524,170 
Additions
- 
147,500 
147,500 
At 31 March 2024
2,034,632 
1,637,038 
3,671,670 
Amortisation
At 1 April 2023
813,851 
- 
813,851 
Charge for the year
203,464 
- 
203,464 
At 31 March 2024
1,017,315 
- 
1,017,315 
Net book value
At 31 March 2024
1,017,317 
1,637,038 
2,654,355 
At 31 March 2023
1,220,781 
1,489,538 
2,710,319 
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Bowcliffe Wealth Management Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
274,644 
7,873 
282,517 
Additions
- 
1,311 
1,311 
At 31 March 2024
274,644 
9,184 
283,828 
Depreciation
At 1 April 2023
54,285 
1,972 
56,257 
Charge for the year
44,072 
1,601 
45,673 
At 31 March 2024
98,357 
3,573 
101,930 
Net book value
At 31 March 2024
176,287 
5,611 
181,898 
At 31 March 2023
220,359 
5,901 
226,260 
6
Investments
Other investments 
£ 
Valuation at 1 April 2023
61,277 
Additions
110,000 
Disposals
(162,932)
Valuation at 31 March 2024
8,345 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
82,707 
104,656 
Other debtors
- 
5,000 
82,707 
109,656 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
(18,025)
(15,925)
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
61,144 
70,162 
Taxes and social security
91,621 
109,603 
Other creditors
2,173 
870 
Loans from directors
10,290 
18,643 
165,228 
199,278 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,756,702 
1,749,177 
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Bowcliffe Wealth Management Limited Notes to the Accounts for the year ended 31 March 2024
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
11
Average number of employees
During the year the average number of employees was 13 (2023: 11).
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