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REGISTERED NUMBER: 13890508 (England and Wales)











Financial Statements

for the Period

3 February 2022 to 31 March 2023

for

WERNER WEALTH LTD

WERNER WEALTH LTD (REGISTERED NUMBER: 13890508)






Contents of the Financial Statements
for the Period 3 February 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WERNER WEALTH LTD

Company Information
for the Period 3 February 2022 to 31 March 2023







DIRECTORS: Mr B S Werner
Mrs B Werner





REGISTERED OFFICE: 42 Lytton Road
Barnet
United Kingdom
EN5 5BY





REGISTERED NUMBER: 13890508 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

WERNER WEALTH LTD (REGISTERED NUMBER: 13890508)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 46,075
Tangible assets 5 10,838
56,913

CURRENT ASSETS
Debtors 6 19,709
Cash at bank 3,796
23,505
CREDITORS
Amounts falling due within one year 7 66,580
NET CURRENT LIABILITIES (43,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,838

CREDITORS
Amounts falling due after more than one year 8 13,706
NET ASSETS 132

CAPITAL AND RESERVES
Called up share capital 10 104
Retained earnings 28
SHAREHOLDERS' FUNDS 132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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.

WERNER WEALTH LTD (REGISTERED NUMBER: 13890508)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 3 November 2023 and were signed on its behalf by:





Mrs B Werner - Director


WERNER WEALTH LTD (REGISTERED NUMBER: 13890508)

Notes to the Financial Statements
for the Period 3 February 2022 to 31 March 2023

1. STATUTORY INFORMATION

Werner Wealth 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 2023, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 period 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.

WERNER WEALTH LTD (REGISTERED NUMBER: 13890508)

Notes to the Financial Statements - continued
for the Period 3 February 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 51,194
At 31 March 2023 51,194
AMORTISATION
Amortisation for period 5,119
At 31 March 2023 5,119
NET BOOK VALUE
At 31 March 2023 46,075

5. TANGIBLE FIXED ASSETS
Long Computer
leasehold equipment Totals
£    £    £   
COST
Additions 7,347 5,635 12,982
At 31 March 2023 7,347 5,635 12,982
DEPRECIATION
Charge for period 735 1,409 2,144
At 31 March 2023 735 1,409 2,144
NET BOOK VALUE
At 31 March 2023 6,612 4,226 10,838

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 19,709

WERNER WEALTH LTD (REGISTERED NUMBER: 13890508)

Notes to the Financial Statements - continued
for the Period 3 February 2022 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts (see note 9) 1,631
Other loans (see note 9) 13,200
Trade creditors (1 )
Tax 16,795
Directors' current accounts 33,515
Accruals and deferred income 1,440
66,580

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans (see note 9) 857
Other loans (see note 9) 12,849
13,706

9. LOANS

An analysis of the maturity of loans is given below:

£   
Amounts falling due within one year or on demand:
Bank loans 1,631
Other loans 13,200
14,831

Amounts falling due between one and two years:
Bank loans - 1-2 years 857
Other loans - 1-2 years 12,849
13,706

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 A Ordinary £1 100
1 B Ordinary £1 1
1 C Ordinary £1 1
1 D Ordinary £1 1
1 E Ordinary £1 1
104

WERNER WEALTH LTD (REGISTERED NUMBER: 13890508)

Notes to the Financial Statements - continued
for the Period 3 February 2022 to 31 March 2023

10. CALLED UP SHARE CAPITAL - continued

The following shares were issued during the period for cash at par :

100 A Ordinary shares of £1
1 B Ordinary share of £1
1 C Ordinary share of £1
1 D Ordinary share of £1
1 E Ordinary share of £1

11. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £33,515, due and payable to the director. The amount is interest free and repayable on demand.