Andrew Byatt Wealth Management Ltd - Abbreviated accounts 16.1

Andrew Byatt Wealth Management Ltd - Abbreviated accounts 16.1

JWM SUBSIDIARY LIMITED - Company Information

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REGISTERED NUMBER: 04607750 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Andrew Byatt Wealth Management Ltd

Andrew Byatt Wealth Management Ltd (Registered number: 04607750)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 5

Andrew Byatt Wealth Management Ltd

Company Information
for the Year Ended 31 December 2015







DIRECTOR: Mr A J Byatt





SECRETARY: Mrs V M Byatt





REGISTERED OFFICE: Rainbow House
Ryles Lane
Lockeridge
Marlborough
Wiltshire
SN8 4ED





REGISTERED NUMBER: 04607750 (England and Wales)





ACCOUNTANTS: Duncan King FCA
2 MacNeice Drive
Barton Park
Marlborough
Wiltshire
SN8 1TR
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Andrew Byatt Wealth Management Ltd

The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on
pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Andrew Byatt Wealth Management Ltd for the year ended
31 December 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes
from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Andrew Byatt Wealth Management Ltd in accordance with the terms of our engagement letter dated 30 October 2007. Our work has been undertaken solely to prepare for your approval the financial statements of Andrew Byatt Wealth Management Ltd and state those matters that we have agreed to state to the director of Andrew Byatt Wealth Management Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Andrew Byatt Wealth Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Andrew Byatt Wealth Management Ltd. You consider that Andrew Byatt Wealth Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Andrew Byatt Wealth Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan King FCA
2 MacNeice Drive
Barton Park
Marlborough
Wiltshire
SN8 1TR


30 September 2016

This page does not form part of the abbreviated accounts

Page 2
Andrew Byatt Wealth Management Ltd (Registered number: 04607750)

Abbreviated Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 7,173 7,443
7,173 7,443

CURRENT ASSETS
Debtors 15,760 15,165
Cash at bank 2,485 2,344
18,245 17,509
CREDITORS
Amounts falling due within one year 20,822 21,273
NET CURRENT LIABILITIES (2,577 ) (3,764 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,596
3,679

PROVISIONS FOR LIABILITIES 1,180 1,180
NET ASSETS 3,416 2,499

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 3,316 2,399
SHAREHOLDERS' FUNDS 3,416 2,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 notes form part of these abbreviated accounts

Page 3 continued...
Andrew Byatt Wealth Management Ltd (Registered number: 04607750)

Abbreviated Balance Sheet - continued
31 December 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 30 September 2016 and were signed by:





Mr A J Byatt - Director


The notes form part of these abbreviated accounts

Page 4
Andrew Byatt Wealth Management Ltd (Registered number: 04607750)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents the total value of commissions received and fees invoiced during the year, and it
is attributable to the principal activity of the company.

The company recognises the income from life insurance policies and similar financial services
products in accordance with guidance provided by FRS5.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of nine years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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 the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 146,411
AMORTISATION
At 1 January 2015
and 31 December 2015 146,411
NET BOOK VALUE

At 31 December 2015 -
At 31 December 2014 -

Goodwill arises from the acquisition of two complementary businesses and is shown at the historical
cost of purchase and at the valuation agreed by the Director as appropriate to those acquisitions.

Page 5 continued...
Andrew Byatt Wealth Management Ltd (Registered number: 04607750)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 29,268
Additions 2,122
At 31 December 2015 31,390
DEPRECIATION
At 1 January 2015 21,825
Charge for year 2,392
At 31 December 2015 24,217
NET BOOK VALUE
At 31 December 2015 7,173
At 31 December 2014 7,443

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
10 Ordinary £1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015
and 31 December 2014:

31.12.15 31.12.14
£    £   
Mr A J Byatt
Balance outstanding at start of year 14,409 -
Amounts advanced - 14,409
Amounts repaid (1,828 ) -
Balance outstanding at end of year 12,581 14,409

Advances to the Director are interest bearing and repayable upon demand.

Page 6