Company Registration No. 11812117 (England and Wales)
Willcox Wealth Management Ltd
Unaudited accounts
for the year ended 31 March 2025
Willcox Wealth Management Ltd
Unaudited accounts
Contents
Willcox Wealth Management Ltd
Company Information
for the year ended 31 March 2025
Company Number
11812117 (England and Wales)
Registered Office
C/O REDBOX ACCOUNTANCY LIMITED
New Mead Barn, Wickham Hall
BISHOP'S STORTFORD
HERTFORDSHIRE
CM23 1JG
ENGLAND
Accountants
Redbox Accountancy Limited
New Mead Barn
Wickham Hall, Hadham Road
Bishop's Stortford
Hertfordshire
CM23 1JG
Willcox Wealth Management Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
352,055
418,494
Tangible assets
13,196
17,595
Cash at bank and in hand
93,120
80,936
Creditors: amounts falling due within one year
(72,685)
(44,920)
Net current assets
68,268
36,016
Total assets less current liabilities
433,519
472,105
Creditors: amounts falling due after more than one year
(267,705)
(344,109)
Net assets
165,814
127,996
Called up share capital
2
2
Profit and loss account
165,812
127,994
Shareholders' funds
165,814
127,996
For the year ending 31 March 2025 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 29 April 2025 and were signed on its behalf by
Joseph Willcox
Director
Company Registration No. 11812117
Willcox Wealth Management Ltd
Notes to the Accounts
for the year ended 31 March 2025
Willcox Wealth Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 11812117. The registered office is C/O REDBOX ACCOUNTANCY LIMITED, New Mead Barn, Wickham Hall, BISHOP'S STORTFORD, HERTFORDSHIRE, CM23 1JG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Intangible fixed assets (including purchased goodwill and patents) are included at cost. These are being amortised on a straight line basis over 10 years.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance basis
Willcox Wealth Management Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
Charge for the year
57,815
5
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Accrued income and prepayments
32,157
-
Willcox Wealth Management Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
62,525
39,726
Other creditors
9,724
1,965
Loans from directors
436
191
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
267,705
344,109
9
Average number of employees
During the year the average number of employees was 4 (2024: 3).