Citywide Wealth Ltd,Ltd - AccountsLtd - Accounts

Citywide Wealth Ltd,Ltd - AccountsLtd - Accounts


2019-05-01 NI631038 2020-04-30 NI631038 2019-05-01 2020-04-30 NI631038 2019-04-30 NI631038 2018-05-01 2019-04-30 NI631038 uk-core:WithinOneYear 2019-04-30 NI631038 uk-core:WithinOneYear 2020-04-30 NI631038 uk-core:ShareCapital 2020-04-30 NI631038 uk-core:ShareCapital 2019-04-30 NI631038 uk-core:RetainedEarningsAccumulatedLosses 2020-04-30 NI631038 uk-core:RetainedEarningsAccumulatedLosses 2019-04-30 NI631038 uk-bus:Director1 2019-05-01 2020-04-30 NI631038 uk-core:ComputerEquipment 2019-05-01 2020-04-30 NI631038 uk-core:OfficeEquipment 2019-05-01 2020-04-30 NI631038 uk-core:OfficeEquipment 2019-04-30 NI631038 uk-core:ComputerEquipment 2019-04-30 NI631038 uk-core:ComputerEquipment 2020-04-30 NI631038 uk-core:OfficeEquipment 2020-04-30 iso4217:GBP xbrli:pure NI631038 uk-bus:AuditExemptWithAccountantsReport 2019-05-01 2020-04-30 NI631038 uk-bus:FRS102 2019-05-01 2020-04-30 NI631038 uk-bus:FullAccounts 2019-05-01 2020-04-30 NI631038 uk-bus:PrivateLimitedCompanyLtd 2019-05-01 2020-04-30
Citywide Wealth Ltd
Registered Number:NI631038
For the year ended 30 April 2020
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 April 2020
Citywide Wealth Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 April 2020
Citywide Wealth Ltd
Statement of Financial Position
Registered Number :
NI631038
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
1,576
1,971
2
1,576
1,971
Current assets
Trade and other receivables
13,860
13,094
3
14,939
Cash and cash equivalents
21,966
35,060
28,799
Trade and other payables: amounts falling due within one
year
(24,100)
(28,416)
4
4,699
6,644
Net current assets
Total assets less current liabilities
8,220
6,670
8,220
Net assets
6,670
Capital and reserves
Called up share capital
5,021
5,021
Retained earnings
3,199
1,649
8,220
6,670
Shareholders' funds
For the year ended 30 April 2020 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 of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Stephen Pepper Director
These financial statements were approved and authorised for issue by the Board on 08 June 2020 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 April 2020
Citywide Wealth Ltd
Notes to the Financial Statements
Statutory Information
Citywide Wealth Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI631038.
Registered address:
411 Lisburn Road
Belfast
Northern Ireland
BT9 7EW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 '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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
20% Reducing balance
Furniture and Fittings
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 May 2019
3,300
2,100
1,200
At 30 April 2020
1,200
2,100
3,300
Provision for depreciation and impairment
At 01 May 2019
1,329
897
432
Charge for year
395
241
154
At 30 April 2020
1,724
1,138
586
At 30 April 2020
Net book value
614
962
1,576
At 30 April 2019
768
1,203
1,971
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5
For the year ended 30 April 2020
Citywide Wealth Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2019
2020
£
£
Trade debtors
13,094
13,860
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
2,900
2,900
Taxation and social security
6,606
6,367
Other creditors
18,910
14,833
28,416
24,100
5. Average number of persons employed
During the year the average number of employees was 4 (2019 : 3)
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