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
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
John Cummings Wealth Management Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
35,335
44,012
Cash at bank and in hand
143,139
162,233
Creditors: amounts falling due within one year
(30,700)
(44,866)
Net current assets
169,519
187,511
Net assets
209,854
236,523
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
John Cummings Wealth Management Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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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
At 31 July 2023
53,890
10,179
64,069
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
At 31 July 2023
32,334
3,001
35,335
At 31 July 2022
43,112
900
44,012
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
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
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,921
1,869
Taxes and social security
14,821
28,958
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
DLA - Receiveable
(37,103)
(117)
(5,674)
(31,546)
(37,103)
(117)
(5,674)
(31,546)
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Average number of employees
During the year the average number of employees was 2 (2022: 2).