Company Registration No. 14837019 (England and Wales)
Wealthology Ltd
Unaudited accounts
for the period from 1 May 2023 to 31 May 2024
Wealthology Ltd
Unaudited accounts
Contents
Wealthology Ltd
Company Information
for the period from 1 May 2023 to 31 May 2024
Company Number
14837019 (England and Wales)
Registered Office
Flat 19 Cricketers Wharf
Wharf Road
Guildford
GU1 4ER
UK
Wealthology Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
26
Total assets less current liabilities
7,583
Creditors: amounts falling due after more than one year
(1,672)
Profit and loss account
5,911
For the period ending 31 May 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 31 January 2025 and were signed on its behalf by
W P Maxwell-Pear
Director
Company Registration No. 14837019
Wealthology Ltd
Notes to the Accounts
for the period from 1 May 2023 to 31 May 2024
Wealthology Ltd is a private company, limited by shares, registered in England and Wales, registration number 14837019. The registered office is Flat 19 Cricketers Wharf, Wharf Road, Guildford, GU1 4ER, UK.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the director has not had to make any judgements and there are no other key sources of estimation uncertainty.
Wealthology Ltd
Notes to the Accounts
for the period from 1 May 2023 to 31 May 2024
Amounts falling due within one year
5
Creditors: amounts falling due after more than one year
2024
Taxes and social security
1,672
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
-
22,287
14,730
7,557
7
Average number of employees
During the period the average number of employees was 1.