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Company Registration No. 06770628 (England and Wales)
Ablestoke Wealth Management Limited Unaudited accounts for the year ended 31 March 2024
Ablestoke Wealth Management Limited Unaudited accounts Contents
Page
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Ablestoke Wealth Management Limited Company Information for the year ended 31 March 2024
Director
Lee Wells
Company Number
06770628 (England and Wales)
Registered Office
Admirals Offices Main Gate Road The Historic Dockyard Chatham Kent ME4 4TZ England
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Ablestoke Wealth Management Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
- 
9,115 
Cash at bank and in hand
82,490 
890 
82,490 
10,005 
Creditors: amounts falling due within one year
(10,511)
(36,572)
Net current assets/(liabilities)
71,979 
(26,567)
Net assets/(liabilities)
71,979 
(26,567)
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
71,974 
(26,572)
Shareholders' funds
71,979 
(26,567)
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 17 June 2024 and were signed on its behalf by
Lee Wells Director Company Registration No. 06770628
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Ablestoke Wealth Management Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Ablestoke Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 06770628. The registered office is Admirals Offices, Main Gate Road, The Historic Dockyard, Chatham, Kent, ME4 4TZ, England.
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, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
9,115 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
33,333 
Trade creditors
- 
3,239 
Taxes and social security
5,959 
- 
Other creditors
4,552 
- 
10,511 
36,572 
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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