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Registered number: 06828686
Bluecoat Wealth Management Ltd
Unaudited Financial Statements
For the Period 1 May 2024 to 31 December 2024
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—6
Page 1
Balance Sheet
Registered number: 06828686
31 December 2024 30 April 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 22,752 22,093
22,752 22,093
CURRENT ASSETS
Debtors 6 14,388 12,405
Cash at bank and in hand 73,585 25,441
87,973 37,846
Creditors: Amounts Falling Due Within One Year 7 (60,605 ) (29,466 )
NET CURRENT ASSETS (LIABILITIES) 27,368 8,380
TOTAL ASSETS LESS CURRENT LIABILITIES 50,120 30,473
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,646 ) (3,852 )
NET ASSETS 45,474 26,621
CAPITAL AND RESERVES
Called up share capital 8 2,003 2,003
Profit and Loss Account 43,471 24,618
SHAREHOLDERS' FUNDS 45,474 26,621
Page 1
Page 2
For the period ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R N Clarke
Director
3 April 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 May 2023 2,003 30,913 32,916
Profit for the year and total comprehensive income - 73,505 73,505
Dividends paid - (79,800) (79,800)
As at 30 April 2024 and 1 May 2024 2,003 24,618 26,621
Profit for the period and total comprehensive income - 83,553 83,553
Dividends paid - (64,700) (64,700)
As at 31 December 2024 2,003 43,471 45,474
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Bluecoat Wealth Management Ltd is a private company, limited by shares, registered in England & Wales. The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
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.  The financial statements have been prepared under the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from the provision of financial advisory services is recognised by reference to the stage of completion at the balance sheet date.  Stage of completion is measured by reference to the date the service is provided.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Leasehold Straight line over 5 years
Fixtures & Fittings Straight line over 4 years
Computer Equipment Straight line over 4 years
2.5. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Income Statement, 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 balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 4
Page 5
2.7. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.8. Change in accounting period
The accounting period was shortened from 30 April 2025 to 31 December 2024. As such, the comparatives are not entirely comparable.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2024: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 300,000
As at 31 December 2024 300,000
Amortisation
As at 1 May 2024 300,000
As at 31 December 2024 300,000
Net Book Value
As at 31 December 2024 -
As at 1 May 2024 -
5. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 May 2024 27,745 52,022 79,767
Additions - 7,233 7,233
Disposals - (5,587 ) (5,587 )
As at 31 December 2024 27,745 53,668 81,413
Depreciation
As at 1 May 2024 12,199 45,475 57,674
Provided during the period 3,455 2,964 6,419
Disposals - (5,432 ) (5,432 )
As at 31 December 2024 15,654 43,007 58,661
Net Book Value
As at 31 December 2024 12,091 10,661 22,752
As at 1 May 2024 15,546 6,547 22,093
Page 5
Page 6
6. Debtors
31 December 2024 30 April 2024
£ £
Due within one year
Prepayments and accrued income 8,877 6,894
Other debtors 5,511 5,511
14,388 12,405
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 April 2024
£ £
Trade creditors 163 1,362
Corporation tax 50,232 23,294
Other taxes and social security 4,473 1,206
Pension creditor 3,758 3,303
Accruals and deferred income 1,979 301
60,605 29,466
8. Share Capital
31 December 2024 30 April 2024
Allotted, called up and fully paid £ £
2,000 Ordinary Shares of £ 1.00 each 2,000 2,000
1 Ordinary A shares of £ 1.00 each 1 1
1 Ordinary B shares of £ 1.00 each 1 1
1 Ordinary C shares of £ 1.00 each 1 1
2,003 2,003
9. Other Commitments
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £113,190 (2024 - £4,408)
Page 6