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Company Registration No. 12016073 (England and Wales)
Fidenti Wealth Limited Unaudited accounts for the year ended 31 December 2023
Fidenti Wealth Limited Unaudited accounts Contents
Page
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Fidenti Wealth Limited Company Information for the year ended 31 December 2023
Directors
Corrie D'Silva Nicholas D'Silva Alan Parr
Company Number
12016073 (England and Wales)
Registered Office
Confidence House 2 Bold Street Sandbach CW11 1GR
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
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Fidenti Wealth Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,653 
17,282 
Current assets
Debtors
10,000 
25,000 
Cash at bank and in hand
64,377 
48,171 
74,377 
73,171 
Creditors: amounts falling due within one year
(58,538)
(59,439)
Net current assets
15,839 
13,732 
Total assets less current liabilities
27,492 
31,014 
Creditors: amounts falling due after more than one year
(25,411)
(29,171)
Net assets
2,081 
1,843 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,981 
1,743 
Shareholders' funds
2,081 
1,843 
For the year ending 31 December 2023 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 16 September 2024 and were signed on its behalf by
Alan Parr Director Company Registration No. 12016073
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Fidenti Wealth Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Fidenti Wealth Limited is a private company, limited by shares, registered in England and Wales, registration number 12016073. The registered office is Confidence House, 2 Bold Street, Sandbach, CW11 1GR.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Fidenti Wealth Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
21,751 
7,114 
28,865 
At 31 December 2023
21,751 
7,114 
28,865 
Depreciation
At 1 January 2023
6,215 
5,368 
11,583 
Charge for the year
3,884 
1,745 
5,629 
At 31 December 2023
10,099 
7,113 
17,212 
Net book value
At 31 December 2023
11,652 
1 
11,653 
At 31 December 2022
15,536 
1,746 
17,282 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
10,000 
25,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
27,251 
10,327 
Loans from directors
103 
416 
Accruals
940 
940 
Deferred income
30,244 
47,756 
58,538 
59,439 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,411 
29,171 
8
Average number of employees
During the year the average number of employees was 5 (2022: 3).
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