2023-02-012024-01-312024-01-31false05662004ROBERT BUTLER WEALTH MANAGEMENT LIMITED2024-10-17iso4217:GBPxbrli:pure056620042023-02-01056620042024-01-31056620042023-02-012024-01-31056620042022-02-01056620042023-01-31056620042022-02-012023-01-3105662004bus:SmallEntities2023-02-012024-01-3105662004bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3105662004bus:FullAccounts2023-02-012024-01-3105662004bus:PrivateLimitedCompanyLtd2023-02-012024-01-3105662004core:WithinOneYear2024-01-3105662004core:AfterOneYear2024-01-3105662004core:WithinOneYear2023-01-3105662004core:AfterOneYear2023-01-3105662004core:ShareCapital2024-01-3105662004core:SharePremium2024-01-3105662004core:RevaluationReserve2024-01-3105662004core:OtherReservesSubtotal2024-01-3105662004core:RetainedEarningsAccumulatedLosses2024-01-3105662004core:ShareCapital2023-01-3105662004core:SharePremium2023-01-3105662004core:RevaluationReserve2023-01-3105662004core:OtherReservesSubtotal2023-01-3105662004core:RetainedEarningsAccumulatedLosses2023-01-3105662004core:LandBuildings2024-01-3105662004core:PlantMachinery2024-01-3105662004core:Vehicles2024-01-3105662004core:FurnitureFittings2024-01-3105662004core:OfficeEquipment2024-01-3105662004core:NetGoodwill2024-01-3105662004core:IntangibleAssetsOtherThanGoodwill2024-01-3105662004core:ListedExchangeTraded2024-01-3105662004core:UnlistedNon-exchangeTraded2024-01-3105662004core:LandBuildings2023-01-3105662004core:PlantMachinery2023-01-3105662004core:Vehicles2023-01-3105662004core:FurnitureFittings2023-01-3105662004core:OfficeEquipment2023-01-3105662004core:NetGoodwill2023-01-3105662004core:IntangibleAssetsOtherThanGoodwill2023-01-3105662004core:ListedExchangeTraded2023-01-3105662004core:UnlistedNon-exchangeTraded2023-01-3105662004core:LandBuildings2023-02-012024-01-3105662004core:PlantMachinery2023-02-012024-01-3105662004core:Vehicles2023-02-012024-01-3105662004core:FurnitureFittings2023-02-012024-01-3105662004core:OfficeEquipment2023-02-012024-01-3105662004core:NetGoodwill2023-02-012024-01-3105662004core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3105662004core:ListedExchangeTraded2023-02-012024-01-3105662004core:UnlistedNon-exchangeTraded2023-02-012024-01-3105662004core:MoreThanFiveYears2023-02-012024-01-3105662004core:Non-currentFinancialInstruments2024-01-3105662004core:Non-currentFinancialInstruments2023-01-3105662004dpl:CostSales2023-02-012024-01-3105662004dpl:DistributionCosts2023-02-012024-01-3105662004core:LandBuildings2023-02-012024-01-3105662004core:PlantMachinery2023-02-012024-01-3105662004core:Vehicles2023-02-012024-01-3105662004core:FurnitureFittings2023-02-012024-01-3105662004core:OfficeEquipment2023-02-012024-01-3105662004dpl:AdministrativeExpenses2023-02-012024-01-3105662004core:NetGoodwill2023-02-012024-01-3105662004core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3105662004dpl:GroupUndertakings2023-02-012024-01-3105662004dpl:ParticipatingInterests2023-02-012024-01-3105662004dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3105662004core:ListedExchangeTraded2023-02-012024-01-3105662004dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3105662004core:UnlistedNon-exchangeTraded2023-02-012024-01-3105662004dpl:CostSales2022-02-012023-01-3105662004dpl:DistributionCosts2022-02-012023-01-3105662004core:LandBuildings2022-02-012023-01-3105662004core:PlantMachinery2022-02-012023-01-3105662004core:Vehicles2022-02-012023-01-3105662004core:FurnitureFittings2022-02-012023-01-3105662004core:OfficeEquipment2022-02-012023-01-3105662004dpl:AdministrativeExpenses2022-02-012023-01-3105662004core:NetGoodwill2022-02-012023-01-3105662004core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3105662004dpl:GroupUndertakings2022-02-012023-01-3105662004dpl:ParticipatingInterests2022-02-012023-01-3105662004dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3105662004core:ListedExchangeTraded2022-02-012023-01-3105662004dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3105662004core:UnlistedNon-exchangeTraded2022-02-012023-01-3105662004core:NetGoodwill2024-01-3105662004core:IntangibleAssetsOtherThanGoodwill2024-01-3105662004core:LandBuildings2024-01-3105662004core:PlantMachinery2024-01-3105662004core:Vehicles2024-01-3105662004core:FurnitureFittings2024-01-3105662004core:OfficeEquipment2024-01-3105662004core:AfterOneYear2024-01-3105662004core:WithinOneYear2024-01-3105662004core:ListedExchangeTraded2024-01-3105662004core:UnlistedNon-exchangeTraded2024-01-3105662004core:ShareCapital2024-01-3105662004core:SharePremium2024-01-3105662004core:RevaluationReserve2024-01-3105662004core:OtherReservesSubtotal2024-01-3105662004core:RetainedEarningsAccumulatedLosses2024-01-3105662004core:NetGoodwill2023-01-3105662004core:IntangibleAssetsOtherThanGoodwill2023-01-3105662004core:LandBuildings2023-01-3105662004core:PlantMachinery2023-01-3105662004core:Vehicles2023-01-3105662004core:FurnitureFittings2023-01-3105662004core:OfficeEquipment2023-01-3105662004core:AfterOneYear2023-01-3105662004core:WithinOneYear2023-01-3105662004core:ListedExchangeTraded2023-01-3105662004core:UnlistedNon-exchangeTraded2023-01-3105662004core:ShareCapital2023-01-3105662004core:SharePremium2023-01-3105662004core:RevaluationReserve2023-01-3105662004core:OtherReservesSubtotal2023-01-3105662004core:RetainedEarningsAccumulatedLosses2023-01-3105662004core:NetGoodwill2022-02-0105662004core:IntangibleAssetsOtherThanGoodwill2022-02-0105662004core:LandBuildings2022-02-0105662004core:PlantMachinery2022-02-0105662004core:Vehicles2022-02-0105662004core:FurnitureFittings2022-02-0105662004core:OfficeEquipment2022-02-0105662004core:AfterOneYear2022-02-0105662004core:WithinOneYear2022-02-0105662004core:ListedExchangeTraded2022-02-0105662004core:UnlistedNon-exchangeTraded2022-02-0105662004core:ShareCapital2022-02-0105662004core:SharePremium2022-02-0105662004core:RevaluationReserve2022-02-0105662004core:OtherReservesSubtotal2022-02-0105662004core:RetainedEarningsAccumulatedLosses2022-02-0105662004core:AfterOneYear2023-02-012024-01-3105662004core:WithinOneYear2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-01-3105662004core:Non-currentFinancialInstrumentscore:CostValuation2024-01-3105662004core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-01-3105662004core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-01-3105662004core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-01-3105662004core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-01-3105662004core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-01-3105662004core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-01-3105662004core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-01-3105662004core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-01-3105662004core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3105662004core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3105662004core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3105662004core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3105662004core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3105662004core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3105662004core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3105662004core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3105662004core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3105662004bus:Director12023-02-012024-01-3105662004bus:Director22023-02-012024-01-31

ROBERT BUTLER WEALTH MANAGEMENT LIMITED

Registered Number
05662004
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

ROBERT BUTLER WEALTH MANAGEMENT LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

Mr R Butler
Mrs R H Butler

Company Secretary

Mrs R H Butler

Registered Address

1 Billing Road
Northampton
NN1 5AL

Registered Number

05662004 (England and Wales)
ROBERT BUTLER WEALTH MANAGEMENT LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3991,780497,273
Tangible assets41,949-
993,729497,273
Current assets
Debtors73,219124,369
Cash at bank and on hand133,930110,814
207,149235,183
Creditors amounts falling due within one year5(315,936)(120,299)
Net current assets (liabilities)(108,787)114,884
Total assets less current liabilities884,942612,157
Creditors amounts falling due after one year6(658,198)(420,488)
Net assets226,744191,669
Capital and reserves
Called up share capital100100
Profit and loss account226,644191,569
Shareholders' funds226,744191,669
The financial statements were approved and authorised for issue by the Board of Directors on 17 October 2024, and are signed on its behalf by:
Mr R Butler
Director
Mrs R H Butler
Director

Registered Company No. 05662004
ROBERT BUTLER WEALTH MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year43
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 February 231,122,5181,122,518
Additions574,959574,959
At 31 January 241,697,4771,697,477
Amortisation and impairment
At 01 February 23625,245625,245
Charge for year80,45280,452
At 31 January 24705,697705,697
Net book value
At 31 January 24991,780991,780
At 31 January 23497,273497,273
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 February 234,8984,898
Additions2,6992,699
Disposals(1,970)(1,970)
At 31 January 245,6275,627
Depreciation and impairment
At 01 February 234,8984,898
Charge for year750750
On disposals(1,970)(1,970)
At 31 January 243,6783,678
Net book value
At 31 January 241,9491,949
At 31 January 23--
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts171,741581
Taxation and social security140,648114,214
Other creditors185-
Accrued liabilities and deferred income3,3625,504
Total315,936120,299
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts658,198420,488
Total658,198420,488
7.Provisions for liabilities