Citywide Wealth Ltd,Ltd - AccountsLtd - Accounts

Citywide Wealth Ltd,Ltd - AccountsLtd - Accounts


2022-05-01 NI631038 2023-04-30 NI631038 2022-05-01 2023-04-30 NI631038 2022-04-30 NI631038 2021-05-01 2022-04-30 NI631038 uk-core:WithinOneYear 2022-04-30 NI631038 uk-core:WithinOneYear 2023-04-30 NI631038 uk-core:AfterOneYear 2022-04-30 NI631038 uk-core:AfterOneYear 2023-04-30 NI631038 uk-core:ShareCapital 2023-04-30 NI631038 uk-core:ShareCapital 2022-04-30 NI631038 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI631038 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 NI631038 uk-bus:Director1 2022-05-01 2023-04-30 NI631038 uk-core:ComputerEquipment 2022-05-01 2023-04-30 NI631038 uk-core:OfficeEquipment 2022-05-01 2023-04-30 NI631038 uk-core:OfficeEquipment 2022-04-30 NI631038 uk-core:ComputerEquipment 2022-04-30 NI631038 uk-core:ComputerEquipment 2023-04-30 NI631038 uk-core:OfficeEquipment 2023-04-30 NI631038 uk-core:WithinOneYear 2023-04-30 NI631038 uk-core:WithinOneYear 2022-04-30 NI631038 uk-core:AfterOneYear uk-core:Secured 2023-04-30 NI631038 uk-core:AfterOneYear uk-core:Secured 2022-04-30 NI631038 2 uk-bus:Director1 2022-05-01 2023-04-30 NI631038 2 uk-bus:Director1 2023-04-30 NI631038 2 uk-bus:Director1 2022-04-30 iso4217:GBP xbrli:pure NI631038 uk-bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 NI631038 uk-bus:FRS102 2022-05-01 2023-04-30 NI631038 uk-bus:FullAccounts 2022-05-01 2023-04-30 NI631038 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30
Citywide Wealth Ltd
Registered Number:NI631038
For the year ended 30 April 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 April 2023
Citywide Wealth Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI631038
As at 30 April 2023
Citywide Wealth Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
908
1,009
2
908
1,009
Current assets
Trade and other receivables
7,931
2,650
3
67,032
Cash and cash equivalents
65,074
67,724
74,963
Trade and other payables: amounts falling due within one
year
(36,197)
(30,142)
4
38,766
37,582
Net current assets
Total assets less current liabilities
38,490
39,775
Trade and other payables: amounts falling due after more
than one year
(33,994)
(29,883)
5
8,607
Net assets
5,781
Capital and reserves
Called up share capital
5,026
5,026
Retained earnings
3,581
755
8,607
5,781
Shareholders' funds
For the year ended 30 April 2023 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 2023 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 09 June 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 April 2023
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
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
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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 of 4
5
For the year ended 30 April 2023
Citywide Wealth Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 May 2022
3,300
2,100
1,200
At 30 April 2023
1,200
2,100
3,300
Provision for depreciation and impairment
At 01 May 2022
2,291
1,484
807
Charge for year
101
62
39
At 30 April 2023
2,392
1,546
846
At 30 April 2023
Net book value
354
554
908
At 30 April 2022
393
616
1,009
3. Trade and other receivables
2022
2023
£
£
Trade debtors
2,650
7,931
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,716
9,336
Trade creditors
2,800
2,800
Taxation and social security
5,571
8,571
Other creditors
17,055
15,490
30,142
36,197
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
29,883
33,994
3 of 4
6
For the year ended 30 April 2023
Citywide Wealth Ltd
Notes to the Financial Statements Continued
6. Directors advances and guarantees
At 01/05/2022
Loaned
Repaid
At 30/04/2023
£
£
£
£
Mr Stephen Pepper
Director's Current Account
72
186
18,434
18,548
72
186
18,434
18,548
7. Average number of persons employed
During the year the average number of employees was 4 (2022 : 4)
4 of 4