Wrap Investments Wealth Management Limit - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08087381 (England and Wales)

Wrap Investments Wealth

Management Limited

Unaudited Financial Statements

for the Year Ended 31 March 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N D Marston

J M Bausor

REGISTERED OFFICE:

Lumonics House

Valley Drive

Swift Valley

Rugby

Warwickshire

CV21 1TQ

REGISTERED NUMBER:

08087381 (England and Wales)

ACCOUNTANTS:

Haines Watts

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

FIXED ASSETS

Tangible assets

4

6,239

6,259

CURRENT ASSETS

Debtors

5

31,833

24,292

Investments

6

51,040

44,113

Cash at bank and in hand

18,578

42,123

101,451

110,528

CREDITORS

Amounts falling due within one year

7

31,584

39,481

NET CURRENT ASSETS

69,867

71,047

TOTAL ASSETS LESS CURRENT LIABILITIES

76,106

77,306

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

76,006

77,206

76,106

77,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 11 May 2018 and were signed on its behalf by:

N D Marston - Director

1.	STATUTORY INFORMATION

Wrap Investments 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 4 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

10,574

Additions

1,423

At 31 March 2018

11,997

DEPRECIATION

At 1 April 2017

4,315

Charge for year

1,443

At 31 March 2018

5,758

NET BOOK VALUE

At 31 March 2018

6,239

At 31 March 2017

6,259

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

30,583

23,042

Other debtors

1,250

1,250

31,833

24,292

6.	CURRENT ASSET INVESTMENTS

2018

2017

£

£

Other

51,040

44,113

Market value of investments at 31st March 2018 - £60,042 (2017: £53,470).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

10,000

10,000

Taxation and social security

16,325

21,211

Other creditors

5,259

8,270

31,584

39,481