Andrew Byatt Wealth Management Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04607750 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Andrew Byatt Wealth Management Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

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

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the

Registrar of Companies.

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 2017 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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 ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andrew Byatt Wealth Management Ltd 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

10 February 2018

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

-

7,636

-

7,636

CURRENT ASSETS

Debtors

6

86,356

85,669

Cash at bank

3,160

529

89,516

86,198

CREDITORS

Amounts falling due within one year

7

21,223

34,748

NET CURRENT ASSETS

68,293

51,450

TOTAL ASSETS LESS CURRENT LIABILITIES

68,293

59,086

PROVISIONS FOR LIABILITIES

-

1,320

NET ASSETS

68,293

57,766

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

68,193

57,666

SHAREHOLDERS' FUNDS

68,293

57,766

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 9 February 2018 and were signed by:

Mr A J Byatt - Director

1.	STATUTORY INFORMATION

Andrew Byatt Wealth Management Ltd 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 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.

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.

Plant and machinery etc

-

25% on reducing balance

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 2 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

146,411

AMORTISATION

At 1 January 2017

and 31 December 2017

146,411

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

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.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

34,398

Disposals

(34,398

)

At 31 December 2017

-

DEPRECIATION

At 1 January 2017

26,762

Eliminated on disposal

(26,762

)

At 31 December 2017

-

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

7,636

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

11,001

20,168

Other debtors

75,355

65,501

86,356

85,669

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Taxation and social security

5,223

17,204

Other creditors

16,000

17,544

21,223

34,748

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017

and 31 December 2016:

31.12.17

31.12.16

£

£

Mr A J Byatt

Balance outstanding at start of year

65,501

12,581

Amounts advanced

75,355

65,501

Amounts repaid

(65,501

)

(12,581

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

75,355

65,501

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

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A J Byatt.