Company No:
Contents
DIRECTOR | Mark Lloyd Keats |
REGISTERED OFFICE | Towngate House |
2-8 Parkstone Road | |
Poole | |
BH15 2PW | |
United Kingdom | |
COMPANY NUMBER | 09377084(England and Wales) |
CHARTERED ACCOUNTANTS | PKF Francis Clark |
Towngate House | |
2-8 Parkstone Road | |
Poole | |
Dorset BH15 2PW |
2021 | 2020 | |||
Note | £ | £ | ||
Fixed assets | ||||
Tangible assets | 3 |
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1,026 | 1,682 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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98,106 | 99,545 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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Net current assets | 53,479 | 46,886 | ||
Total assets less current liabilities | 54,505 | 48,568 | ||
Creditors | ||||
Amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account |
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Total shareholder's funds |
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Director's responsibilities:
The financial statements of Blue Label Wealth Management Limited (registered number:
Mark Lloyd Keats
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.
Blue Label Wealth Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Blue Label Wealth Management Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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.
Fixtures and fittings - 20% Reducing balance
Office equipment - 3 years Straight line
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
2021 | 2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
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Plant and machinery etc | Total | ||
£ | £ | ||
Cost | |||
At 01 February 2020 |
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At 31 January 2021 |
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Accumulated depreciation | |||
At 01 February 2020 |
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Charge for the financial year |
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At 31 January 2021 |
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Net book value | |||
At 31 January 2021 |
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At 31 January 2020 |
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2021 | 2020 | ||
£ | £ | ||
Other debtors |
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2021 | 2020 | ||
£ | £ | ||
Bank loans and overdrafts |
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Other creditors |
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Corporation tax |
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Other taxation and social security |
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2021 | 2020 | ||
£ | £ | ||
Bank loans |
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Transactions with the entity's director
2021 | 2020 | ||
£ | £ | ||
Key management | 85,448 | 87,730 |