M & R Wealth Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07460103 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

M & R Wealth Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Intangible assets

4

70,050

93,400

Tangible assets

5

-

-

70,050

93,400

CURRENT ASSETS

Cash at bank

147,377

119,358

CREDITORS

Amounts falling due within one year

6

39,622

34,406

NET CURRENT ASSETS

107,755

84,952

TOTAL ASSETS LESS CURRENT LIABILITIES

177,805

178,352

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

177,705

178,252

SHAREHOLDERS' FUNDS

177,805

178,352

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 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 6 December 2018 and were signed by:

P C Grubb - Director

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 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

233,500

AMORTISATION

At 1 April 2017

140,100

Charge for year

23,350

At 31 March 2018

163,450

NET BOOK VALUE

At 31 March 2018

70,050

At 31 March 2017

93,400

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

and 31 March 2018

1,414

DEPRECIATION

At 1 April 2017

and 31 March 2018

1,414

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

20,674

15,995

Social security and other taxes

-

270

Directors' current accounts

16,506

16,042

Accrued expenses

2,442

2,099

39,622

34,406