REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
CALLIDUS WEALTH MANAGEMENT LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
CALLIDUS WEALTH MANAGEMENT LTD |
CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CALLIDUS WEALTH MANAGEMENT LTD |
COMPANY INFORMATION |
for the Year Ended 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Obsidian Offices |
Chantry Court |
Chester |
Cheshire |
CH1 4QN |
CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434) |
ABRIDGED BALANCE SHEET |
30 September 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434) |
ABRIDGED BALANCE SHEET - continued |
30 September 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Callidus Wealth Management Limited (company number SC456434) is a private company limited by shares, registered in Scotland. Its registered office is at 21 Young Street, Edinburgh, EH2 4HU. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
As the company has sufficient work for the foreseeable future, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic climate.The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and, therefore, continue to adopt the going concern basis of accounting when preparing the annual financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration receivable and represents amounts receivable for services rendered, stated net of discounts and Value Added Tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Taxation |
Taxation for the year represents the sum of current and deferred tax. The company's liability for current tax is calculated using rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled , based upon tax rates that have been enacted or substantively enacted by the end of the reporting period. |
Hire purchase and leasing commitments |
Tangible assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.Rentals payable under operating leases are charged to the Profit and Loss account on a straight line basis over the period of the lease. |
Employee benefits |
Short term employee benefits, including holiday pay, are recognised as an expense in the Profit and Loss account in the period in which they are incurred. The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund. |
CALLIDUS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: SC456434) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2024 |
3. | ACCOUNTING POLICIES - continued |
Financial instruments |
The following assets and liabilities are classified as financial instruments - Trade debtors, Trade creditors and bank loans. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. |
Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence is found, an impairment loss is recognised in the Profit and Loss account. |
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2023 |
Additions |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.9.24 | 30.9.23 |
£ | £ |
Other loans |
The Other loan is secured on the asset concerned. |