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REGISTERED NUMBER: 06977998 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Cortex Wealth Management Ltd

Cortex Wealth Management Ltd (Registered number: 06977998)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Cortex Wealth Management Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: D J Wurzal





REGISTERED OFFICE: 4A Russell Court
Wool Gate
Cottingley Business Park
Bingley
West Yorkshire
BD16 1PE





REGISTERED NUMBER: 06977998 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Cortex Wealth Management Ltd (Registered number: 06977998)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 10,940 9,251

CURRENT ASSETS
Cash at bank 166,877 150,220

CREDITORS
Amounts falling due within one year 6 (47,533 ) (39,152 )
NET CURRENT ASSETS 119,344 111,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,284

120,319

PROVISIONS FOR LIABILITIES 7 (2,079 ) (1,726 )
NET ASSETS 128,205 118,593

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 128,105 118,493
SHAREHOLDERS' FUNDS 128,205 118,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

Cortex Wealth Management Ltd (Registered number: 06977998)

Statement of Financial Position - continued
30 June 2024



The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





D J Wurzal - Director


Cortex Wealth Management Ltd (Registered number: 06977998)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Cortex Wealth Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Cortex Wealth Management Ltd (Registered number: 06977998)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 3,524 26,941 30,465
Additions 120 5,216 5,336
At 30 June 2024 3,644 32,157 35,801
DEPRECIATION
At 1 July 2023 2,233 18,981 21,214
Charge for year 353 3,294 3,647
At 30 June 2024 2,586 22,275 24,861
NET BOOK VALUE
At 30 June 2024 1,058 9,882 10,940
At 30 June 2023 1,291 7,960 9,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 12,652 12,015
Social security and other taxes 566 -
Directors' current accounts 32,706 25,670
Accrued expenses 1,609 1,467
47,533 39,152

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 2,079 1,726

Deferred
tax
£   
Balance at 1 July 2023 1,726
Provided during year 353
Balance at 30 June 2024 2,079

8. ULTIMATE CONTROLLING PARTY

The controlling party is D J Wurzal.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Cortex Wealth Management Ltd (Registered number: 06977998)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cortex Wealth Management Ltd for the year ended 30 June 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Cortex Wealth Management Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cortex Wealth Management Ltd and state those matters that we have agreed to state to the director of Cortex Wealth Management Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cortex Wealth Management Ltd and its director for our work or for this report.

It is your duty to ensure that Cortex Wealth Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cortex Wealth Management Ltd. You consider that Cortex 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 financial statements of Cortex 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 financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


28 January 2025