Wealth Dynamics Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07895806 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

WEALTH DYNAMICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr B Randall

Mr G R Linieres

Mr S V Clark

Mr M J Nicholls

Mr M J Aylward

REGISTERED OFFICE:

2nd Floor 141-145 Curtain Road

Shoreditch

London

EC2A 3BX

REGISTERED NUMBER:

07895806 (England and Wales)

ACCOUNTANTS:

TaxAgility Accountants Ltd

Chartered Accountants

34 Lower Richmond Road

Putney

London

SW15 1JP

FIXED ASSETS

Property, plant and equipment

4

63,656

86,463

CURRENT ASSETS

Debtors

5

2,965,476

1,846,538

Cash at bank

1,706,331

1,132,194

4,671,807

2,978,732

CREDITORS

Amounts falling due within one year

6

(1,787,783

)

(1,017,716

)

NET CURRENT ASSETS

2,884,024

1,961,016

TOTAL ASSETS LESS CURRENT LIABILITIES

2,947,680

2,047,479

CREDITORS

Amounts falling due after more than one year

7

(323,333

)

(283,333

)

PROVISIONS FOR LIABILITIES

(12,095

)

-

NET ASSETS

2,612,252

1,764,146

CAPITAL AND RESERVES

Called up share capital

850

850

Capital redemption reserve

8

150

150

Retained earnings

8

2,611,252

1,763,146

SHAREHOLDERS' FUNDS

2,612,252

1,764,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 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 Board of Directors on 20 February 2018 and were signed on its behalf by:

Mr B Randall - Director

1.	STATUTORY INFORMATION

Wealth Dynamics 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33.3% 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 42 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2016

537

109,914

56,556

167,007

Additions

-

4,984

17,591

22,575

At 30 September 2017

537

114,898

74,147

189,582

DEPRECIATION

At 1 October 2016

469

51,054

29,021

80,544

Charge for year

68

28,066

17,248

45,382

At 30 September 2017

537

79,120

46,269

125,926

NET BOOK VALUE

At 30 September 2017

-

35,778

27,878

63,656

At 30 September 2016

68

58,860

27,535

86,463

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Trade debtors

1,870,384

1,331,734

Amounts owed by group undertakings

601,045

-

Other debtors

494,047

514,804

2,965,476

1,846,538

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans and overdrafts

17,920

5,428

Trade creditors

371,538

138,367

Amounts owed to group undertakings

300,224

-

Taxation and social security

853,149

538,099

Other creditors

244,952

335,822

1,787,783

1,017,716

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Other creditors

323,333

283,333

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 October 2016

1,763,146

150

1,763,296

Profit for the year

1,548,106

1,548,106

Dividends

(700,000

)

(700,000

)

At 30 September 2017

2,611,252

150

2,611,402

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £700,000 were paid to the directors .

It is confirmed that the director’s current account is debited with personal transactions and credited with

director’s remuneration as well as dividends.

The loan is unsecured, interest has been charged at 3% and no repayment terms have been agreed.

Amount due from director Mr B Randall is £137,096 (2016 : £133,559) and director Mr G R Linieres is

£140,406 (2016 : £190,516).