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Company Registration No. 10992080 (England and Wales)
Mark James Ashley Wealth Management Ltd Unaudited accounts for the year ended 31 October 2025
Mark James Ashley Wealth Management Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Mark James Ashley Wealth Management Ltd Company Information for the year ended 31 October 2025
Directors
Mr M J Ashley Ms C O'Brien
Company Number
10992080 (England and Wales)
Registered Office
4 Jasmine Place High Street Wingham Canterbury Kent CT3 1AD England
Accountants
Rustrick Accountants Limited 380A New Hythe lane Larkfield Maidstone Kent ME20 6RZ
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Mark James Ashley Wealth Management Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
32,722
10,331
Current assets
Debtors
5
-
3,699
Cash at bank and in hand
10,039
8,006
10,039
11,705
Creditors: amounts falling due within one year
6
(24,380)
(19,076)
Net current liabilities
(14,341)
(7,371)
Total assets less current liabilities
18,381
2,960
Creditors: amounts falling due after more than one year
7
-
(2,528)
Net assets
18,381
432
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
18,281
332
Shareholders' funds
18,381
432
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2026 and were signed on its behalf by
Mr M J Ashley Director Company Registration No. 10992080
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Mark James Ashley Wealth Management Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Mark James Ashley Wealth Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 10992080. The registered office is 4 Jasmine Place, High Street, Wingham, Canterbury, Kent, CT3 1AD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line basis
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Mark James Ashley Wealth Management Ltd Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
20,708
5,293
3,112
29,113
Additions
27,749
-
-
27,749
At 31 October 2025
48,457
5,293
3,112
56,862
Depreciation
At 1 November 2024
12,426
3,825
2,531
18,782
Charge for the year
4,846
367
145
5,358
At 31 October 2025
17,272
4,192
2,676
24,140
Net book value
At 31 October 2025
31,185
1,101
436
32,722
At 31 October 2024
8,282
1,468
581
10,331
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
-
3,699
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,165
4,328
Taxes and social security
21,758
14,748
Loans from directors
457
-
24,380
19,076
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
2,528
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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