Dwb Wealth Consultancy LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: OC383614 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

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

292,777

578,306

Tangible assets

5

11,244

14,992

304,021

593,298

CURRENT ASSETS

Debtors

6

1,533,335

1,266,613

Cash at bank

2,091

1,721

1,535,426

1,268,334

CREDITORS

Amounts falling due within one year

7

1,234,571

1,106,164

NET CURRENT ASSETS

300,855

162,170

TOTAL ASSETS LESS CURRENT LIABILITIES

604,876

755,468

CREDITORS

Amounts falling due after more than one year

8

604,876

755,468

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

-

-

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

TOTAL MEMBERS' INTERESTS

Amounts due from members

6

(1,370,656

)

(1,074,023

)

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 2023.

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 6 December 2023 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 4 (2022 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

1,295,907

Disposals

(155,938

)

At 31 March 2023

1,139,969

AMORTISATION

At 1 April 2022

717,601

Charge for year

129,591

At 31 March 2023

847,192

NET BOOK VALUE

At 31 March 2023

292,777

At 31 March 2022

578,306

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

23,446

DEPRECIATION

At 1 April 2022

8,454

Charge for year

3,748

At 31 March 2023

12,202

NET BOOK VALUE

At 31 March 2023

11,244

At 31 March 2022

14,992

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

112,587

142,367

Other debtors

1,420,748

1,124,246

1,533,335

1,266,613

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

2,359

706

Other creditors

1,232,212

1,105,458

1,234,571

1,106,164

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other creditors

604,876

755,468

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

137,940

237,125