Accounts filed on 30-06-2019

Accounts filed on 30-06-2019

HAMNETT WEALTH MANAGEMENT LIMITED - Company Information

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Registered number: 05686311
HAMNETT WEALTH MANAGEMENT LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30/06/2019
Prepared By:
AHMTAX Limited
25 Broadlands
Rotherham
S66 1WD
HAMNETT WEALTH MANAGEMENT LIMITED
ACCOUNTS
FOR THE YEAR ENDED 30/06/2019
DIRECTORS
J M D Rowley
P Smith
REGISTERED OFFICE
160 Baslow Road
Totley
Sheffield
S17 4DR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05686311
ACCOUNTANTS
AHMTAX Limited
25 Broadlands
Rotherham
S66 1WD
HAMNETT WEALTH MANAGEMENT LIMITED
ACCOUNTS
FOR THEYEARENDED30/06/2019
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
HAMNETT WEALTH MANAGEMENT LIMITED
BALANCE SHEET AT 30/06/2019
20192018
Notes££
FIXED ASSETS
Tangible assets315,55120,774
CURRENT ASSETS
Debtors463,41536,534
Current Asset Investments595,00095,000
Cash at bank and in hand353,778449,878
512,193581,412
CREDITORS: Amounts falling due within one year6164,898168,229
NET CURRENT ASSETS347,295413,183
TOTAL ASSETS LESS CURRENT LIABILITIES362,846433,957
CAPITAL AND RESERVES
Called up share capital81,1001,100
Profit and loss account361,746432,857
SHAREHOLDERS' FUNDS362,846433,957
For the year ending 30/06/2019 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/09/2019 and signed on their behalf by
.............................
J M D Rowley
Director
HAMNETT WEALTH MANAGEMENT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2019
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings 15%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/2018765,197765,197
At 30/06/2019765,197765,197
Depreciation
At 01/07/2018765,197765,197
At 30/06/2019765,197765,197
Net Book Amounts
At 30/06/2019--
HAMNETT WEALTH MANAGEMENT LIMITED
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/07/2018103,444103,444
At 30/06/2019103,444103,444
Depreciation
At 01/07/201882,67082,670
For the year5,2235,223
At 30/06/201987,89387,893
Net Book Amounts
At 30/06/201915,55115,551
At 30/06/201820,77420,774
4. DEBTORS 20192018
££
Amounts falling due within one year
Trade debtors32,46036,534
Prepayments30,955-
63,41536,534
5. CURRENT ASSET INVESTMENTS
20192018
££
Other investments95,00095,000
95,00095,000
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
UK corporation tax110,382134,843
PAYE control1,7792,998
Directors current account8,6792,788
Trade creditors14,4879,089
Accruals29,57118,511
164,898168,229
HAMNETT WEALTH MANAGEMENT LIMITED
7. EMPLOYEES
20192018
No.No.
Average number of employees66
8. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
100 Class B shares of £1 each100100
1,1001,100