Registered number
05799311
Oyston Wealth Management Limited
Filleted Accounts
31 March 2025
Oyston Wealth Management Limited
Registered number: 05799311
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 1,695 -
Current assets
Cash at bank and in hand 162,816 135,227
Creditors: amounts falling due within one year 5 (38,668) (33,008)
Net current assets 124,148 102,219
Net assets 125,843 102,219
Capital and reserves
Called up share capital 2 2
Profit and loss account 125,841 102,217
Shareholders' funds 125,843 102,219
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M L Oyston, Esq
Director
Approved by the board on 6 August 2025
Oyston Wealth Management Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services and is recognised by reference to the date of completion of work done. This is measured by the date of receipt of commission fees.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers and office furniture 33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 25,000
At 31 March 2025 25,000
Amortisation
At 1 April 2024 25,000
At 31 March 2025 25,000
Net book value
At 31 March 2025 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 5,262
Additions 1,968
At 31 March 2025 7,230
Depreciation
At 1 April 2024 5,262
Charge for the year 273
At 31 March 2025 5,535
Net book value
At 31 March 2025 1,695
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other taxes and social security costs 29,841 24,988
Other creditors 8,827 8,020
38,668 33,008
6 Controlling party
The company is controlled by the directors who own the entire share capital of the company.
7 Other information
Oyston Wealth Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7, 1JS
Oyston Wealth Management Limited 05799311 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2024 M L Oyston, Esq No description of principal activity 05799311 2023-04-01 2024-03-31 05799311 core:WithinOneYear 2024-03-31 05799311 core:ShareCapital 2024-03-31 05799311 core:RetainedEarningsAccumulatedLosses 2024-03-31 05799311 2024-04-01 2025-03-31 05799311 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 05799311 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 05799311 bus:Director40 2024-04-01 2025-03-31 05799311 1 2024-04-01 2025-03-31 05799311 2 2024-04-01 2025-03-31 05799311 core:PlantMachinery 2024-04-01 2025-03-31 05799311 countries:England 2024-04-01 2025-03-31 05799311 bus:FRS102 2024-04-01 2025-03-31 05799311 bus:FilletedAccounts 2024-04-01 2025-03-31 05799311 2025-03-31 05799311 core:WithinOneYear 2025-03-31 05799311 core:ShareCapital 2025-03-31 05799311 core:RetainedEarningsAccumulatedLosses 2025-03-31 05799311 core:Goodwill 2025-03-31 05799311 core:PlantMachinery 2025-03-31 05799311 2024-03-31 05799311 core:Goodwill 2024-03-31 05799311 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure