Silverfin false false 31/01/2024 01/02/2023 31/01/2024 M L Keats 07/01/2015 30 October 2024 The principal activity of the Company during the financial year was fund management activities. 09377084 2024-01-31 09377084 bus:Director1 2024-01-31 09377084 2023-01-31 09377084 core:CurrentFinancialInstruments 2024-01-31 09377084 core:CurrentFinancialInstruments 2023-01-31 09377084 core:Non-currentFinancialInstruments 2024-01-31 09377084 core:Non-currentFinancialInstruments 2023-01-31 09377084 core:ShareCapital 2024-01-31 09377084 core:ShareCapital 2023-01-31 09377084 core:RetainedEarningsAccumulatedLosses 2024-01-31 09377084 core:RetainedEarningsAccumulatedLosses 2023-01-31 09377084 core:OtherPropertyPlantEquipment 2023-01-31 09377084 core:OtherPropertyPlantEquipment 2024-01-31 09377084 2023-02-01 2024-01-31 09377084 bus:FilletedAccounts 2023-02-01 2024-01-31 09377084 bus:SmallEntities 2023-02-01 2024-01-31 09377084 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09377084 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09377084 bus:Director1 2023-02-01 2024-01-31 09377084 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-02-01 2024-01-31 09377084 2022-02-01 2023-01-31 09377084 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 09377084 core:Non-currentFinancialInstruments 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Company No: 09377084 (England and Wales)

BLUE LABEL WEALTH MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

BLUE LABEL WEALTH MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

BLUE LABEL WEALTH MANAGEMENT LIMITED

BALANCE SHEET

As at 31 January 2024
BLUE LABEL WEALTH MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 282 696
282 696
Current assets
Debtors 4 97,283 80,726
97,283 80,726
Creditors: amounts falling due within one year 5 ( 95,132) ( 65,122)
Net current assets 2,151 15,604
Total assets less current liabilities 2,433 16,300
Creditors: amounts falling due after more than one year 6 ( 7,500) ( 14,000)
Net (liabilities)/assets ( 5,067) 2,300
Capital and reserves
Called-up share capital 10 10
Profit and loss account ( 5,077 ) 2,290
Total shareholder's (deficit)/funds ( 5,067) 2,300

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Blue Label Wealth Management Limited (registered number: 09377084) were approved and authorised for issue by the Director on 30 October 2024. They were signed on its behalf by:

M L Keats
Director
BLUE LABEL WEALTH MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
BLUE LABEL WEALTH MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blue Label Wealth Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 5,282 5,282
At 31 January 2024 5,282 5,282
Accumulated depreciation
At 01 February 2023 4,586 4,586
Charge for the financial year 414 414
At 31 January 2024 5,000 5,000
Net book value
At 31 January 2024 282 282
At 31 January 2023 696 696

4. Debtors

2024 2023
£ £
Trade debtors 0 1,233
Other debtors 97,283 79,493
97,283 80,726

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 27,223 22,846
Taxation and social security 52,031 28,229
Other creditors 15,878 14,047
95,132 65,122

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 7,500 14,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Key management 75,622 66,835

Interest of 2.25% has been charged on the overdrawn loan account.