GBST WEALTH MANAGEMENT LIMITED

Company Registration Number:
06663089 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

GBST WEALTH MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GBST WEALTH MANAGEMENT LIMITED

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Directors

The directors shown below have held office during the whole of the period from
1 July 2023 to 30 June 2024

David Simpson
Robert DeDominicis


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 May 2025

And signed on behalf of the board by:
Name: David Simpson
Status: Director

GBST WEALTH MANAGEMENT LIMITED

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 6,597,881 9,254,477
Cost of sales: ( 7,852,547 ) ( 7,138,828 )
Gross profit(or loss): (1,254,666) 2,115,649
Administrative expenses: ( 1,474,846 ) ( 1,850,409 )
Other operating income: 684,444 96,677
Operating profit(or loss): (2,045,068) 361,917
Interest payable and similar charges: ( 127,316 ) ( 101,859 )
Profit(or loss) before tax: (2,172,384) 260,058
Tax: ( 226,428 ) 48,200
Profit(or loss) for the financial year: (2,398,812) 308,258

GBST WEALTH MANAGEMENT LIMITED

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 277,635 514,767
Total fixed assets: 277,635 514,767
Current assets
Debtors: 4 992,010 3,177,850
Cash at bank and in hand: 571,513 1,065,106
Total current assets: 1,563,523 4,242,956
Prepayments and accrued income: 61,033 74,411
Creditors: amounts falling due within one year: 5 ( 1,148,565 ) ( 1,466,302 )
Net current assets (liabilities): 475,991 2,851,065
Total assets less current liabilities: 753,626 3,365,832
Creditors: amounts falling due after more than one year: 6 ( 224,924 )
Accruals and deferred income: ( 16,853 ) ( 5,322 )
Total net assets (liabilities): 736,773 3,135,586
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 736,772 3,135,585
Total Shareholders' funds: 736,773 3,135,586

The notes form part of these financial statements

GBST WEALTH MANAGEMENT LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 16 May 2025
and signed on behalf of the board by:

Name: David Simpson
Status: Director

The notes form part of these financial statements

GBST WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Turnover, which excludes value added tax, comprises the value of sales of licenses, the value of consulting services delivered, revenue from maintenance and support services from third parties and revenue from related party service charges and licenses. Under IFRS 15, revenue is recognised when a customer obtains control of the goods or services. Determining the timing of the transfer of control at a point in time or over time requires judgement. The Company's products and services were assessed in detail and performance obligations and measurement methodologies were identified and used in the preparation of these financial statements. The assessment has also addressed the standard's requirements regarding incremental costs of obtaining a contract and costs to fulfil a contract and the disaggregation of reported revenue.

    Tangible fixed assets depreciation policy

    Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows: Furniture and Fittings 10% on cost per annum Land and buildings Over the life of the lease

GBST WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 56 60

GBST WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 524,031 421,216 945,247
Additions 18,891 19,639 38,530
Disposals ( 583 ) ( 583 )
Revaluations
Transfers
At 30 June 2024 542,922 440,272 983,194
Depreciation
At 1 July 2023 56,486 373,994 430,480
Charge for year 254,283 21,379 275,662
On disposals ( 583 ) ( 583 )
Other adjustments
At 30 June 2024 310,769 394,790 705,559
Net book value
At 30 June 2024 232,153 45,482 277,635
At 30 June 2023 467,545 47,222 514,767

GBST WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 992,010 3,177,850
Total 992,010 3,177,850

GBST WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 924,463 1,240,957
Other creditors 224,102 225,345
Total 1,148,565 1,466,302

GBST WEALTH MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due after more than one year note

  2023
  £
Other creditors 224,924
Total   224,924