Company registration number 09918547 (England and Wales)
FERGUS S RUSHE WEALTH MANAGEMENT LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
FERGUS S RUSHE WEALTH MANAGEMENT LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
FERGUS S RUSHE WEALTH MANAGEMENT LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,123
12,589
Current assets
Debtors
4
5,304
1,802
Cash at bank and in hand
41,994
24,673
47,298
26,475
Creditors: amounts falling due within one year
5
(7,635)
(6,493)
Net current assets
39,663
19,982
Total assets less current liabilities
50,786
32,571
Provisions for liabilities
(881)
(1,092)
Net assets
49,905
31,479
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
49,805
31,379
Total equity
49,905
31,479

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

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.

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

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

The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mr F S Rushe
Director
Company registration number 09918547 (England and Wales)
FERGUS S RUSHE WEALTH MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Fergus S Rushe Wealth Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Oldany House, Farm Road, Oakmere, Northwich, Cheshire, England, CW8 2DF.

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 comprises the fair value of the sale of services net of value added tax, rebates and discounts. Sales of services are recognised when the company has delivered the services to the customer and they are accepted.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Building
4% Straight Line
Office equipment
15% Reducing Balance
Computer equipment
33% Straight Line
1.4
Taxation

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

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.

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax has not been discounted.

FERGUS S RUSHE WEALTH MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees

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

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Building
Office equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 January 2024
11,428
4,476
5,349
21,253
Additions
-
0
-
0
833
833
At 31 December 2024
11,428
4,476
6,182
22,086
Depreciation and impairment
At 1 January 2024
2,645
2,255
3,764
8,664
Depreciation charged in the year
457
295
1,547
2,299
At 31 December 2024
3,102
2,550
5,311
10,963
Carrying amount
At 31 December 2024
8,326
1,926
871
11,123
At 31 December 2023
8,783
2,221
1,585
12,589
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
5,304
1,802
5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
6,130
3,614
Other creditors
1,505
2,879
7,635
6,493
FERGUS S RUSHE WEALTH MANAGEMENT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
6
Directors' transactions

The loan is unsecured, interest free, and repayable on demand. All the figures are disclosed on an aggregate basis. The loan was repaid shortly after the year end.

Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
2024 Fergus Rushe
1,802
9,012
(5,510)
5,304
1,802
9,012
(5,510)
5,304
Description
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
2023 Fergus Rushe
1,530
28,016
(27,744)
1,802
1,530
28,016
(27,744)
1,802
2024-12-312024-01-01falsefalsefalse10 June 2025CCH SoftwareCCH Accounts Production 2025.100Independent Financial Adviser
Mr F S RusheMrs S J Rushe
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