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 2022

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

578,306

953,031

Tangible assets

5

14,992

4,520

593,298

957,551

CURRENT ASSETS

Debtors

6

1,266,613

817,550

Cash at bank

1,721

31,855

1,268,334

849,405

CREDITORS

Amounts falling due within one year

7

1,106,164

890,146

NET CURRENT ASSETS/(LIABILITIES)

162,170

(40,741

)

TOTAL ASSETS LESS CURRENT LIABILITIES

755,468

916,810

CREDITORS

Amounts falling due after more than one year

8

755,468

916,810

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

6

(1,074,023

)

(746,424

)

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 2022.

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 and authorised for issue on 22 November 2022 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 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

1,518,756

Disposals

(222,849

)

At 31 March 2022

1,295,907

AMORTISATION

At 1 April 2021

565,725

Charge for year

151,876

At 31 March 2022

717,601

NET BOOK VALUE

At 31 March 2022

578,306

At 31 March 2021

953,031

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

11,844

Additions

11,602

At 31 March 2022

23,446

DEPRECIATION

At 1 April 2021

7,324

Charge for year

1,130

At 31 March 2022

8,454

NET BOOK VALUE

At 31 March 2022

14,992

At 31 March 2021

4,520

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

142,367

70,130

Other debtors

1,124,246

747,420

1,266,613

817,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Taxation and social security

706

1,214

Other creditors

1,105,458

888,932

1,106,164

890,146

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Other creditors

755,468

916,810

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

237,125

361,629