Dwb Wealth Consultancy LLP - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: OC383614 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Dwb Wealth Consultancy LLP

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

S Bishop

R M Wiggins

REGISTERED OFFICE:

Chancellor Court

The Calls

Leeds

West Yorkshire

LS2 7EH

REGISTERED NUMBER:

OC383614 (England and Wales)

FIXED ASSETS

Intangible assets

4

1,069,894

688,098

Tangible assets

5

3,907

3,305

1,073,801

691,403

CURRENT ASSETS

Debtors

6

350,214

254,568

Cash at bank

791

2,016

351,005

256,584

CREDITORS

Amounts falling due within one year

7

692,546

352,296

NET CURRENT LIABILITIES

(341,541

)

(95,712

)

TOTAL ASSETS LESS CURRENT LIABILITIES

732,260

595,691

CREDITORS

Amounts falling due after more than one year

8

732,260

595,691

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

6

(308,903

)

(200,715

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2019.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP on 6 December 2019 and were signed by:

R M Wiggins - Designated member

1.	STATUTORY INFORMATION

Dwb Wealth Consultancy LLP is registered in England and Wales. The LLP's registered number and registered

office address can be found on the General Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.

Plant and machinery etc

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

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

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

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

866,441

Additions

482,417

At 31 March 2019

1,348,858

AMORTISATION

At 1 April 2018

178,343

Charge for year

100,621

At 31 March 2019

278,964

NET BOOK VALUE

At 31 March 2019

1,069,894

At 31 March 2018

688,098

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

6,643

Additions

1,782

At 31 March 2019

8,425

DEPRECIATION

At 1 April 2018

3,338

Charge for year

1,180

At 31 March 2019

4,518

NET BOOK VALUE

At 31 March 2019

3,907

At 31 March 2018

3,305

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

41,169

53,716

Other debtors

309,045

200,852

350,214

254,568

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

896

979

Other creditors

691,650

351,317

692,546

352,296

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

732,260

595,691

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

336,009

278,318