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COMPANY REGISTRATION NUMBER: 06925283
Apogee Wealth Management Limited
Unaudited Abridged Financial Statements
30 April 2025
Apogee Wealth Management Limited
Abridged Financial Statements
Year ended 30 April 2025
Contents
Page
Directors' report
1
Abridged statement of income and retained earnings
2
Abridged statement of financial position
3
Notes to the abridged financial statements
5
Apogee Wealth Management Limited
Directors' Report
Year ended 30 April 2025
The directors present their report and the unaudited abridged financial statements of the company for the year ended 30 April 2025 .
Directors
The directors who served the company during the year were as follows:
Mr D P Clewlow
Mr S G Hardstaff
Mr P C Rowling
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 9 July 2025 and signed on behalf of the board by:
Mr D P Clewlow
Mr S G Hardstaff
Director
Director
Mr P C Rowling
Director
Registered office:
No. 1 Booths Park
Chelford Road
Knutsford
Cheshire
WA16 8GS
Apogee Wealth Management Limited
Abridged Statement of Income and Retained Earnings
Year ended 30 April 2025
2025
2024
Note
£
£
Gross profit
2,103,122
1,935,303
Administrative expenses
748,683
1,049,665
------------
------------
Operating profit
1,354,439
885,638
Other interest receivable and similar income
15,237
11,740
Interest payable and similar expenses
15,278
978
------------
------------
Profit before taxation
5
1,354,398
896,400
Tax on profit
340,322
220,115
------------
---------
Profit for the financial year and total comprehensive income
1,014,076
676,285
------------
---------
Dividends paid and payable
( 547,080)
( 567,080)
Retained earnings at the start of the year
1,375,302
1,266,097
------------
------------
Retained earnings at the end of the year
1,842,298
1,375,302
------------
------------
All the activities of the company are from continuing operations.
Apogee Wealth Management Limited
Abridged Statement of Financial Position
30 April 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
6
34,949
21,864
Current assets
Debtors
1,332,638
1,125,348
Cash at bank and in hand
953,144
553,285
------------
------------
2,285,782
1,678,633
Creditors: amounts falling due within one year
443,750
288,259
------------
------------
Net current assets
1,842,032
1,390,374
------------
------------
Total assets less current liabilities
1,876,981
1,412,238
Creditors: amounts falling due after more than one year
25,346
30,870
Provisions
Taxation including deferred tax
8,737
5,466
------------
------------
Net assets
1,842,898
1,375,902
------------
------------
Capital and reserves
Called up share capital
600
600
Profit and loss account
1,842,298
1,375,302
------------
------------
Shareholders funds
1,842,898
1,375,902
------------
------------
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.
Apogee Wealth Management Limited
Abridged Statement of Financial Position (continued)
30 April 2025
These abridged financial statements were approved by the board of directors and authorised for issue on 9 July 2025 , and are signed on behalf of the board by:
Mr D P Clewlow
Mr S G Hardstaff
Director
Director
Mr P C Rowling
Director
Company registration number: 06925283
Apogee Wealth Management Limited
Notes to the Abridged Financial Statements
Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is No. 1 Booths Park, Chelford Road, Knutsford, WA16 8GS, Cheshire.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents the value of the services provided and commissions earned by the company, without Value Added Tax as the company's activities fall outside the scope for such. Turnover is recognised on a strict daily time basis when the right to fees and commissions becomes unconditional. Provision is made where relevant for the anticipated clawback of commissions by the finance companies where relevant.
Operating leases
Rentals payable under operating leases, where substantially all of the risks and rewards of ownership remain with the lessor, are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The contributions are charged directly to the statement of income and retained earnings when they are paid.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 31 (2024: 28 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2025
2024
£
£
Depreciation of tangible assets
16,329
16,189
--------
--------
6. Tangible assets
£
Cost
At 1 May 2024
109,244
Additions
29,414
Disposals
( 48,309)
---------
At 30 April 2025
90,349
---------
Depreciation
At 1 May 2024
87,380
Charge for the year
16,329
Disposals
( 48,309)
---------
At 30 April 2025
55,400
---------
Carrying amount
At 30 April 2025
34,949
---------
At 30 April 2024
21,864
---------
7. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025
2024
£
£
Not later than 1 year
155,937
124,425
Later than 1 year and not later than 5 years
65,848
128,473
---------
---------
221,785
252,898
---------
---------