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DUNCAN WEALTH MANAGEMENT LIMITED

Registered Number
08951512
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

DUNCAN WEALTH MANAGEMENT LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

DUNCAN, Helen Louise
DUNCAN, James Aram

Registered Address

8 Tylers Avenue
Billericay
CM12 0RA

Registered Number

08951512 (England and Wales)
DUNCAN WEALTH MANAGEMENT LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors53,90326,139
Cash at bank and on hand27,58341,836
81,48667,975
Creditors amounts falling due within one year5(53,408)(39,974)
Net current assets (liabilities)28,07828,001
Total assets less current liabilities28,07828,001
Creditors amounts falling due after one year6(27,865)(27,728)
Net assets213273
Capital and reserves
Called up share capital100100
Profit and loss account113173
Shareholders' funds213273
The financial statements were approved and authorised for issue by the Board of Directors on 22 January 2025, and are signed on its behalf by:
DUNCAN, James Aram
Director
Registered Company No. 08951512
DUNCAN WEALTH MANAGEMENT LIMITED
Notes to the Financial Statements
for the year ended 31 March 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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.
Intangible assets
Goodwill has now been fully amortised
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Total

£
Cost or valuation
At 01 April 23423,135
At 31 March 24423,135
Amortisation and impairment
At 01 April 23423,135
At 31 March 24423,135
Net book value
At 31 March 24-
At 31 March 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2314,731
At 31 March 2414,731
Depreciation and impairment
At 01 April 2314,731
At 31 March 2414,731
Net book value
At 31 March 24-
At 31 March 23-
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts7,0997,099
Taxation and social security43,99530,635
Accrued liabilities and deferred income2,3142,240
Total53,40839,974
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts27,64527,645
Other creditors22083
Total27,86527,728
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.