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Company Registration No. 09113492 (England and Wales)
John Cummings Wealth Management Ltd Unaudited accounts for the year ended 31 July 2023
John Cummings Wealth Management Ltd Unaudited accounts Contents
Page
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John Cummings Wealth Management Ltd Company Information for the year ended 31 July 2023
Director
John Roy Cummings
Company Number
09113492 (England and Wales)
Registered Office
Lyndum House 12 High Street Petersfield GU32 3JG England
Accountants
Premier UK Business LLP Lyndum House 12 High street Petersfield United Kingdom GU32 3JG
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John Cummings Wealth Management Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,335 
44,012 
Investments
5,000 
5,000 
40,335 
49,012 
Current assets
Debtors
57,080 
70,144 
Cash at bank and in hand
143,139 
162,233 
200,219 
232,377 
Creditors: amounts falling due within one year
(30,700)
(44,866)
Net current assets
169,519 
187,511 
Net assets
209,854 
236,523 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
209,754 
236,423 
Shareholders' funds
209,854 
236,523 
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2023 and were signed on its behalf by
John Roy Cummings Director Company Registration No. 09113492
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John Cummings Wealth Management Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
John Cummings Wealth Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 09113492. The registered office is Lyndum House, 12 High Street, Petersfield, GU32 3JG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & Fittings - 25% Straight Line Motor Vehicles - 20% Straight Line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
53,890 
6,777 
60,667 
Additions
- 
3,402 
3,402 
At 31 July 2023
53,890 
10,179 
64,069 
Depreciation
At 1 August 2022
10,778 
5,877 
16,655 
Charge for the year
10,778 
1,301 
12,079 
At 31 July 2023
21,556 
7,178 
28,734 
Net book value
At 31 July 2023
32,334 
3,001 
35,335 
At 31 July 2022
43,112 
900 
44,012 
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John Cummings Wealth Management Ltd Notes to the Accounts for the year ended 31 July 2023
5
Investments
Other investments 
£ 
Valuation at 1 August 2022
5,000 
Valuation at 31 July 2023
5,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,848 
20,189 
Amounts due from group undertakings etc.
330 
330 
Other debtors
44,902 
49,625 
57,080 
70,144 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,921 
1,869 
Taxes and social security
14,821 
28,958 
Other creditors
- 
81 
Accruals
13,958 
13,958 
30,700 
44,866 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
John Roy Cummings
DLA - Receiveable
(37,103)
(117)
(5,674)
(31,546)
(37,103)
(117)
(5,674)
(31,546)
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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