2024-05-01 NI631038 2025-04-30 NI631038 2024-05-01 2025-04-30 NI631038 2024-04-30 NI631038 2023-05-01 2024-04-30 NI631038 uk-core:WithinOneYear 2024-04-30 NI631038 uk-core:WithinOneYear 2025-04-30 NI631038 uk-core:AfterOneYear 2024-04-30 NI631038 uk-core:AfterOneYear 2025-04-30 NI631038 uk-core:ShareCapital 2025-04-30 NI631038 uk-core:ShareCapital 2024-04-30 NI631038 uk-core:RetainedEarningsAccumulatedLosses 2025-04-30 NI631038 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI631038 uk-bus:Director1 2024-05-01 2025-04-30 NI631038 uk-core:ComputerEquipment 2024-05-01 2025-04-30 NI631038 uk-core:OfficeEquipment 2024-05-01 2025-04-30 NI631038 uk-core:OfficeEquipment 2024-04-30 NI631038 uk-core:ComputerEquipment 2024-04-30 NI631038 uk-core:ComputerEquipment 2025-04-30 NI631038 uk-core:OfficeEquipment 2025-04-30 NI631038 uk-core:WithinOneYear 2025-04-30 NI631038 uk-core:WithinOneYear 2024-04-30 NI631038 uk-core:AfterOneYear uk-core:Secured 2025-04-30 NI631038 uk-core:AfterOneYear uk-core:Secured 2024-04-30 iso4217:GBP xbrli:pure NI631038 uk-bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 NI631038 uk-bus:FRS102 2024-05-01 2025-04-30 NI631038 uk-bus:FilletedAccounts 2024-05-01 2025-04-30 NI631038 uk-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30
Citywide Wealth Ltd
Registered Number:NI631038
For the year ended 30 April 2025
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 April 2025
Citywide Wealth Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI631038
As at 30 April 2025
Citywide Wealth Ltd
Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
Property, plant and equipment
79,053
47,926
2
79,053
47,926
Current assets
Trade and other receivables
15,584
32,328
3
50,234
Cash and cash equivalents
35,611
67,939
65,818
Trade and other payables: amounts falling due within one
year
(38,113)
(46,566)
4
27,705
21,373
Net current assets
Total assets less current liabilities
100,426
75,631
Trade and other payables: amounts falling due after more
than one year
(65,043)
(70,667)
5
(9,979)
-
Provisions for liabilities
19,780
Net assets
10,588
Capital and reserves
Called up share capital
5,026
5,026
Retained earnings
14,754
5,562
19,780
10,588
Shareholders' funds
For the year ended 30 April 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 of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Stephen Pepper Director
These financial statements were approved and authorised for issue by the Board on 10 June 2025 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 April 2025
Citywide Wealth Ltd
Notes to the Financial Statements
Statutory Information
Citywide Wealth Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI631038.
Registered address:
411 Lisburn Road
Belfast
Northern Ireland
BT9 7EW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
20% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 4
5
For the year ended 30 April 2025
Citywide Wealth Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 May 2024
50,500
2,100
48,400
43,124
-
43,124
Additions
At 30 April 2025
91,524
2,100
93,624
Provision for depreciation and impairment
At 01 May 2024
2,574
1,657
917
Charge for year
11,997
89
11,908
At 30 April 2025
14,571
1,746
12,825
At 30 April 2025
Net book value
78,699
354
79,053
At 30 April 2024
47,483
443
47,926
3. Trade and other receivables
2024
2025
£
£
Trade debtors
23,528
2,325
Other debtors
8,800
13,259
15,584
32,328
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Bank loans and overdraft
4,572
4,716
Trade creditors
6,132
2,800
Taxation and social security
5,037
-
Other creditors
30,825
30,597
46,566
38,113
5. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Bank loans and overdraft
20,667
25,043
Other creditors
50,000
40,000
70,667
65,043
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6
For the year ended 30 April 2025
Citywide Wealth Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 2 (2024 : 3)
4 of 4