Company Registration No. 06423517 (England and Wales)
CRAWFORD DRAKE WEALTH MANAGEMENT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
CRAWFORD DRAKE WEALTH MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
CRAWFORD DRAKE WEALTH MANAGEMENT LIMITED
BALANCE SHEET
AS AT
30 MARCH 2025
30 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
15,210
19,137
Cash at bank and in hand
24,101
32,399
39,311
51,536
Creditors: amounts falling due within one year
4
(12,693)
(18,373)
Net current assets
26,618
33,163
Creditors: amounts falling due after more than one year
5
(3,333)
(8,333)
Net assets
23,285
24,830
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
23,185
24,730
Total equity
23,285
24,830

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 8 May 2025 and are signed on its behalf by:
Mr A V P Dimambro
Director
Company Registration No. 06423517
CRAWFORD DRAKE WEALTH MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
- 2 -
1
Accounting policies
Company information

Crawford Drake Wealth Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Streets Whittle & Partners LLP, The Old Exchange, 64 West Stockwell Street, Colchester, Essex, CO1 1HE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

1.3
Financial instruments
Basic financial assets

Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.

 

Financial assets comprise cash at bank and in hand, together with trade and other debtors. A specific provision is made for debts for which recoverability is in doubt.

 

Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital

 

Financial liabilities held at amortised cost comprise all creditors except social security and other taxes.

1.4
Equity instruments

Share capital issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

CRAWFORD DRAKE WEALTH MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
3,838
4,829
Other debtors
11,372
14,308
15,210
19,137
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,000
5,000
Corporation tax
1,802
6,766
Accruals and deferred income
5,891
6,607
12,693
18,373
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,333
8,333
CRAWFORD DRAKE WEALTH MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
- 4 -
6
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 ordinary shares of £1 each
100
100
2025-03-302024-03-31falsefalsefalse08 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr A V P DimambroMrs S R M DimambroMrs S R M Dimambro064235172024-03-312025-03-30064235172025-03-30064235172024-03-3006423517core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3006423517core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3006423517core:Non-currentFinancialInstrumentscore:AfterOneYear2025-03-3006423517core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3006423517core:CurrentFinancialInstruments2025-03-3006423517core:CurrentFinancialInstruments2024-03-3006423517core:ShareCapital2025-03-3006423517core:ShareCapital2024-03-3006423517core:RetainedEarningsAccumulatedLosses2025-03-3006423517core:RetainedEarningsAccumulatedLosses2024-03-3006423517core:ShareCapitalOrdinaryShareClass12025-03-3006423517core:ShareCapitalOrdinaryShareClass12024-03-3006423517bus:Director12024-03-312025-03-30064235172023-03-312024-03-3006423517core:WithinOneYear2025-03-3006423517core:WithinOneYear2024-03-3006423517core:Non-currentFinancialInstruments2025-03-3006423517core:Non-currentFinancialInstruments2024-03-3006423517bus:PrivateLimitedCompanyLtd2024-03-312025-03-3006423517bus:SmallCompaniesRegimeForAccounts2024-03-312025-03-3006423517bus:FRS1022024-03-312025-03-3006423517bus:AuditExemptWithAccountantsReport2024-03-312025-03-3006423517bus:Director22024-03-312025-03-3006423517bus:CompanySecretary12024-03-312025-03-3006423517bus:FullAccounts2024-03-312025-03-30xbrli:purexbrli:sharesiso4217:GBP