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
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
Bowcliffe Wealth Management Limited
Statement of financial position
as at 31 March 2024
Intangible assets
2,654,355
2,710,319
Tangible assets
181,898
226,260
Cash at bank and in hand
104,674
164,434
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
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
Bowcliffe Wealth Management Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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
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
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
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
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
At 31 March 2024
274,644
9,184
283,828
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
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
Valuation at 31 March 2024
8,345
Amounts falling due within one year
Trade debtors
82,707
104,656
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
Loans from directors
10,290
18,643
9
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,756,702
1,749,177
Bowcliffe Wealth Management Limited
Notes to the Accounts
for the year ended 31 March 2024
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).