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Company registration number: 09918547

Fergus S Rushe Wealth Management Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Fergus S Rushe Wealth Management Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Fergus S Rushe Wealth Management Ltd

Company Information

Directors

Mr F S Rushe

Mrs S J Rushe

Registered office

1 Moor-Park Way
Northwich
Cheshire
CW9 8WZ

Accountants

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Fergus S Rushe Wealth Management Ltd
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fergus S Rushe Wealth Management Ltd for the year ended 31 December 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Fergus S Rushe Wealth Management Ltd, as a body, in accordance with the terms of our engagement letter dated 3 June 2020. Our work has been undertaken solely to prepare for your approval the accounts of Fergus S Rushe Wealth Management Ltd and state those matters that we have agreed to state to the Board of Directors of Fergus S Rushe Wealth Management Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fergus S Rushe Wealth Management Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Fergus S Rushe Wealth Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fergus S Rushe Wealth Management Ltd. You consider that Fergus S Rushe Wealth Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Fergus S Rushe Wealth Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

BK Plus Limited
Chartered Certified Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

3 December 2024

 

Fergus S Rushe Wealth Management Ltd

(Registration number: 09918547)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

12,589

13,541

Current assets

 

Debtors

5

1,802

1,530

Cash at bank and in hand

 

24,673

12,818

 

26,475

14,348

Creditors: Amounts falling due within one year

6

(6,493)

(3,457)

Net current assets

 

19,982

10,891

Total assets less current liabilities

 

32,571

24,432

Provisions for liabilities

(1,092)

(1,204)

Net assets

 

31,479

23,228

Capital and reserves

 

Called up share capital

100

100

Retained earnings

31,379

23,128

Shareholders' funds

 

31,479

23,228

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 December 2024 and signed on its behalf by:
 

 

Fergus S Rushe Wealth Management Ltd

(Registration number: 09918547)
Balance Sheet as at 31 December 2023

.........................................
Mr F S Rushe
Director

   
     
 

Fergus S Rushe Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Moor-Park Way
Northwich
Cheshire
CW9 8WZ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared on the historical cost basis.

The financial statements have been prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the sale of services net of value added tax, rebates and discounts. Sales of services are recognised when the company has delivered the services to the customer and they are accepted.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Building

4% straight line

Computer equipment

33% straight line

 

Fergus S Rushe Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Office equipment

15% reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Fergus S Rushe Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Building
£

Computer equipment
£

Office equipment
£

Total
£

Cost or valuation

At 1 January 2023

11,428

4,430

4,178

20,036

Additions

-

919

298

1,217

At 31 December 2023

11,428

5,349

4,476

21,253

Depreciation

At 1 January 2023

2,188

2,399

1,908

6,495

Charge for the year

457

1,365

347

2,169

At 31 December 2023

2,645

3,764

2,255

8,664

Carrying amount

At 31 December 2023

8,783

1,585

2,221

12,589

At 31 December 2022

9,240

2,031

2,270

13,541

5

Debtors

2023
£

2022
£

Other debtors

1,802

1,530

1,802

1,530

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Corporation tax

3,614

1,981

Other creditors

2,879

1,476

6,493

3,457

 

Fergus S Rushe Wealth Management Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Related party transactions

Transactions with directors

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr F S Rushe

Directors loan account

1,530

28,016

(27,744)

1,802

-

-

-

-

 

1,530

28,016

(27,744)

1,802

       

 

The above loan is unsecured, interest free and repayable on demand. All the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Mr F S Rushe

Directors loan account

-

7,211

(5,681)

1,530

-

-

-

-

 

-

7,211

(5,681)

1,530