Mark Smith Wealth Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06699988 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Mark Smith Wealth Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Smith

SECRETARY:

REGISTERED OFFICE:

46-48 High Street

Epworth

Doncaster

United Kingdom

DN9 1EP

REGISTERED NUMBER:

06699988 (England and Wales)

ACCOUNTANTS:

ASAP Accountants & Business Advisors Ltd

46/48 High Street

Epworth

Doncaster

DN9 1EP

FIXED ASSETS

Intangible assets

4

4,710

5,185

Tangible assets

5

1,641

2,051

6,351

7,236

CURRENT ASSETS

Debtors

6

3,580

-

Cash at bank

31,904

33,552

35,484

33,552

CREDITORS

Amounts falling due within one year

7

8,909

7,543

NET CURRENT ASSETS

26,575

26,009

TOTAL ASSETS LESS CURRENT LIABILITIES

32,926

33,245

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

32,916

33,235

SHAREHOLDERS' FUNDS

32,926

33,245

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10 May 2019 and were signed by:

M C Smith - Director

1.	STATUTORY INFORMATION

Mark Smith Wealth Management Limited is a private company, limited by shares , registered

in England and Wales. The company's registered number and registered office address can be

found on the Company 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 Companies Act 2006. 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 2008, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and fittings

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax

is measured using tax rates and laws that have been enacted or substantively enacted by the

year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2018

and 31 March 2019

9,500

AMORTISATION

At 1 April 2018

4,315

Charge for year

475

At 31 March 2019

4,790

NET BOOK VALUE

At 31 March 2019

4,710

At 31 March 2018

5,185

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2018

and 31 March 2019

4,825

DEPRECIATION

At 1 April 2018

2,774

Charge for year

410

At 31 March 2019

3,184

NET BOOK VALUE

At 31 March 2019

1,641

At 31 March 2018

2,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

3,580

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

-

1

Taxation and social security

8,619

7,233

Other creditors

290

309

8,909

7,543