M & R Wealth Management Limited - Accounts to registrar (filleted) - small 17.3

M & R Wealth Management Limited - Accounts to registrar (filleted) - small 17.3

M & R WEALTH MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 07460103 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

M & R Wealth Management Limited
M & R Wealth Management Limited (Registered number: 07460103)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M & R Wealth Management Limited

Company Information
for the Year Ended 31 March 2017







DIRECTOR: P C Grubb





REGISTERED OFFICE: First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE





REGISTERED NUMBER: 07460103 (England and Wales)





ACCOUNTANTS: Caburn Accountants Limited
Chartered Certified Accountants
First Floor,
The Estate Office
The Green, Lewes Road
Ringmer
East Sussex
BN8 5QE
Page 1
M & R Wealth Management Limited (Registered number: 07460103)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 93,400 116,750
Tangible assets 5 - -
93,400 116,750

CURRENT ASSETS
Cash at bank 119,358 118,927

CREDITORS
Amounts falling due within one year 6 34,406 49,632
NET CURRENT ASSETS 84,952 69,295
TOTAL ASSETS LESS CURRENT
LIABILITIES
178,352
186,045

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,252 185,945
SHAREHOLDERS' FUNDS 178,352 186,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 9 November 2017 and were signed by:





P C Grubb - Director


The notes form part of these financial statements

Page 2
M & R Wealth Management Limited (Registered number: 07460103)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

M & R Wealth Management Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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 2011, is being amortised
over 5 years commencing 31 March 2017, following the application of FRS102 (Section 1A).

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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

Page 3 continued...
M & R Wealth Management Limited (Registered number: 07460103)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 233,500
AMORTISATION
At 1 April 2016 116,750
Charge for year 23,350
At 31 March 2017 140,100
NET BOOK VALUE
At 31 March 2017 93,400
At 31 March 2016 116,750

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2016
and 31 March 2017 1,414
DEPRECIATION
At 1 April 2016
and 31 March 2017 1,414
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Tax 15,995 20,950
Social security and other taxes 270 450
Directors' current accounts 16,042 26,174
Accrued expenses 2,099 2,058
34,406 49,632

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P C Grubb.

8. ADOPTION OF FRS102 (SECTION 1A)

Following the adoption of FRS102 (Section 1A) the period of amortisation of Goodwill was reduced. This
resulted in a transitional adjustment which increased amortisation of goodwill in the year ended 31 March 2016
by £58375.

Page 4