Bluecoat Wealth Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06828686 (England and Wales)

BLUECOAT WEALTH MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R N Clarke

SECRETARY:

Mrs W S Clarke

REGISTERED OFFICE:

Basepoint

Little High Street

Shoreham-By-Sea

West Sussex

BN43 5EG

REGISTERED NUMBER:

06828686 (England and Wales)

FIXED ASSETS

Intangible assets

4

30,000

60,000

Tangible assets

5

7,487

4,259

37,487

64,259

CURRENT ASSETS

Debtors

6

1,008

856

Cash at bank

9,601

2,780

10,609

3,636

CREDITORS

Amounts falling due within one year

7

(25,978

)

(28,072

)

NET CURRENT LIABILITIES

(15,369

)

(24,436

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,118

39,823

PROVISIONS FOR LIABILITIES

(1,358

)

(809

)

NET ASSETS

20,760

39,014

CAPITAL AND RESERVES

Called up share capital

8

12

12

Retained earnings

20,748

39,002

SHAREHOLDERS' FUNDS

20,760

39,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss has not been delivered.

The financial statements were approved by the director on 11 September 2018 and were signed by:

R N Clarke - Director

1.	STATUTORY INFORMATION

Bluecoat Wealth Management Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section

1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act

2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and

rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade

discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the provision of financial advisory

services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is

measured by reference to the extent that the service has been provided.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses

recognised that are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 4 years

Computer equipment

-

Straight line over 4 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

300,000

AMORTISATION

At 1 May 2017

240,000

Charge for year

30,000

At 30 April 2018

270,000

NET BOOK VALUE

At 30 April 2018

30,000

At 30 April 2017

60,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2017

23,945

Additions

6,755

At 30 April 2018

30,700

DEPRECIATION

At 1 May 2017

19,686

Charge for year

3,527

At 30 April 2018

23,213

NET BOOK VALUE

At 30 April 2018

7,487

At 30 April 2017

4,259

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

40

-

Prepayments and accrued income

968

856

1,008

856

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,350

-

Corporation tax

20,251

17,628

Social security and other taxes

847

4

Other creditors

1,516

504

Pension creditor

688

-

Directors' current accounts

1,028

8,484

Accruals and deferred income

298

1,452

25,978

28,072

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10

Ordinary

£1

10

10

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

12

12