Carter Wealth Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08319830 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

CARTER WEALTH MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D J Carter

Mrs S Carter

REGISTERED OFFICE:

c/o David Carter

22 The Calls

Leeds

West Yorkshire

LS2 7EH

REGISTERED NUMBER:

08319830 (England and Wales)

ACCOUNTANTS:

Temporal Lennon & Company Limited

Chartered Accountants

Suite 1A

Realtex House

Leeds Road

Leeds

West Yorkshire

LS19 6AX

FIXED ASSETS

Intangible assets

4

1

1

CURRENT ASSETS

Debtors

5

11,416

21,035

Cash at bank

12,929

537

24,345

21,572

CREDITORS

Amounts falling due within one year

6

24,165

27,474

NET CURRENT ASSETS/(LIABILITIES)

180

(5,902

)

TOTAL ASSETS LESS CURRENT LIABILITIES

181

(5,901

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

179

(5,903

)

SHAREHOLDERS' FUNDS

181

(5,901

)

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 21 December 2018 and were signed on its behalf by:

Mr D J Carter - Director

1.	STATUTORY INFORMATION

Carter 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 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 2013, is being amortised evenly over its estimated useful life of three 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

46,000

AMORTISATION

At 1 April 2017

and 31 March 2018

45,999

NET BOOK VALUE

At 31 March 2018

1

At 31 March 2017

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other debtors

11,416

21,035

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

-

252

Taxation and social security

22,724

22,452

Other creditors

1,441

4,770

24,165

27,474

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and

31 March 2017:

31.3.18

31.3.17

£

£

Mr D J Carter and Mrs S Carter

Balance outstanding at start of year

21,035

23,684

Amounts advanced

89,385

81,656

Amounts repaid

(99,004

)

(84,305

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,416

21,035

The directors' loan account is repayable on demand and is subject to interest charges at 3% per year.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D J Carter.