Ten Wealth Management Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07084744 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Ten Wealth Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M E Walker

Mrs T J Walker

Mr P D MacPherson

SECRETARY:

Mrs T J Walker

REGISTERED OFFICE:

22-26 Nottingham Road

Stapleford

Nottingham

Nottinghamshire

NG9 8AA

REGISTERED NUMBER:

07084744 (England and Wales)

ACCOUNTANTS:

LING PHIPP

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Tangible assets

2

2,987

3,171

CURRENT ASSETS

Debtors

17,250

20,132

Cash at bank

247,185

185,586

264,435

205,718

CREDITORS

Amounts falling due within one year

65,372

65,959

NET CURRENT ASSETS

199,063

139,759

TOTAL ASSETS LESS CURRENT
LIABILITIES

202,050

142,930

PROVISIONS FOR LIABILITIES

597

634

NET ASSETS

201,453

142,296

CAPITAL AND RESERVES

Called up share capital

3

8,000

Capital redemption reserve

2,000

Profit and loss account

191,453

132,296

SHAREHOLDERS' FUNDS

201,453

142,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 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 20 March 2017 and were signed on its behalf by:

Mr M E Walker - Director

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 commissions and fees receivable during the period, excluding value added tax.

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 cost

Office Equipment

-

20% on cost

Deferred tax

Deferred tax is provided in full in respect of taxation deferred by timing differences between treatment of certain

items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs

The company provides access to a pension scheme for employees and directors. Contributions payable to

individual pension scheme's are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

13,339

Additions

1,379

At 30 November 2016

14,718

DEPRECIATION

At 1 December 2015

10,168

Charge for year

1,563

At 30 November 2016

11,731

NET BOOK VALUE

At 30 November 2016

2,987

At 30 November 2015

3,171

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

5,000

A Ordinary

£1

5,000

3,000

B Ordinary

£1

3,000

8,000