Doyle & Palmer Wealth Management Limited

Registered number

07426424

Filleted Accounts

31 March 2025

Doyle & Palmer Wealth Management Limited
Registered number:		07426424
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		160,468			-
Tangible assets	4		280,650			320,300
			441,118			320,300

Current assets
Debtors	5	-			10,000
Cash at bank and in hand		1,197,173			916,172
		1,197,173			926,172

Creditors: amounts falling due within one year	6	(166,484)			(94,553)

Net current assets			1,030,689			831,619

Net assets			1,471,807			1,151,919

Capital and reserves
Called up share capital			102			102
Profit and loss account			1,471,705			1,151,817

Shareholders' funds			1,471,807			1,151,919

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.






R J Doyle
Director
Approved by the board on 28 May 2025

Doyle & Palmer 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Plant and machinery	25% straight line basis
	Land and buildings	10% straight line basis

	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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred 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			5		4


3	Intangible fixed assets					£
	Goodwill:

	Cost
	Additions					178,298
	At 31 March 2025					178,298

	Amortisation
	Provided during the year					17,830
	At 31 March 2025					17,830

	Net book value
	At 31 March 2025					160,468

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	396,500		13,228		409,728
	At 31 March 2025	396,500		13,228		409,728

	Depreciation
	At 1 April 2024	76,200		13,228		89,428
	Charge for the year	39,650		-		39,650
	At 31 March 2025	115,850		13,228		129,078

	Net book value
	At 31 March 2025	280,650		-		280,650
	At 31 March 2024	320,300		-		320,300


5	Debtors			2025		2024
£					£

	Other debtors			-		10,000


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Taxation and social security costs			163,945		93,102
	Other creditors			2,539		1,451
				166,484		94,553


7	Other information

	Doyle & Palmer Wealth Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Mulberry House, Church Lane
	Curdridge
	Southampton
	Hampshire
	SO32 2DR