Hayes Wealth Management Limited - Limited company - abbreviated - 11.0.0

Hayes Wealth Management Limited - Limited company - abbreviated - 11.0.0

HAYES WEALTH MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 07115535 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Hayes Wealth Management Limited

Hayes Wealth Management Limited (Registered number: 07115535)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Hayes Wealth Management Limited

Company Information
for the Year Ended 31 December 2013







DIRECTORS: S Hayes
Mrs K Hayes





REGISTERED OFFICE: 3 Park Square
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 07115535 (England and Wales)





ACCOUNTANTS: Sochall Smith Limited
Chartered Accountants
3 Park Square
Leeds
West Yorkshire
LS1 2NE
Page 1
Hayes Wealth Management Limited (Registered number: 07115535)

Abbreviated Balance Sheet
31 December 2013

31.12.13 31.12.12
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 71,349 108,136
Tangible assets 3 1,411 674
72,760 108,810

CURRENT ASSETS
Debtors 6,718 7,061
Cash at bank 3,039 6,136
9,757 13,197
CREDITORS
Amounts falling due within one year 24,375 62,589
NET CURRENT LIABILITIES (14,618 ) (49,392 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
58,142
59,418

CREDITORS
Amounts falling due after more than one
year
2,711
11,658
NET ASSETS 55,431 47,760

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 55,331 47,660
SHAREHOLDERS' FUNDS 55,431 47,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 2 continued...
Hayes Wealth Management Limited (Registered number: 07115535)

Abbreviated Balance Sheet - continued
31 December 2013


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 Board of Directors on 30 September 2014 and were signed on its behalf
by:





S Hayes - Director


The notes form part of these abbreviated accounts

Page 3
Hayes Wealth Management Limited (Registered number: 07115535)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2013

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 April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being that arising on purchased acquisition, is being amortised evenly over its estimated useful life of
six years.

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 cost

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 2013
and 31 December 2013 229,916
AMORTISATION
At 1 January 2013 121,780
Amortisation for year 36,787
At 31 December 2013 158,567
NET BOOK VALUE

At 31 December 2013 71,349
At 31 December 2012 108,136

Page 4 continued...
Hayes Wealth Management Limited (Registered number: 07115535)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 899
Additions 1,099
At 31 December 2013 1,998
DEPRECIATION
At 1 January 2013 225
Charge for year 362
At 31 December 2013 587
NET BOOK VALUE
At 31 December 2013 1,411
At 31 December 2012 674

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.13 31.12.12
value: £    £   
100 Ordinary £1 100 100

Page 5