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REGISTERED NUMBER: 07596937 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Thomson Gray Wealth Management Limited

Thomson Gray Wealth Management Limited (Registered number: 07596937)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomson Gray Wealth Management Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J P Thomson
E D Thomson





REGISTERED OFFICE: 4 Duncan Close
Redhouse Square
Moulton Park
Northampton
Northamptonshire
NN3 6WL





REGISTERED NUMBER: 07596937 (England and Wales)





ACCOUNTANTS: Haes Cooper and Company Limited
3 Bakers Lane
Shutlanger
Northamptonshire
NN12 7RT

Thomson Gray Wealth Management Limited (Registered number: 07596937)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,974 34,118

CURRENT ASSETS
Debtors 5 47,150 34,938
Cash at bank and in hand 885,091 450,049
932,241 484,987
CREDITORS
Amounts falling due within one year 6 198,683 209,674
NET CURRENT ASSETS 733,558 275,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

773,532

309,431

PROVISIONS FOR LIABILITIES 6,185 3,288
NET ASSETS 767,347 306,143

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 766,947 305,743
SHAREHOLDERS' FUNDS 767,347 306,143

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

Thomson Gray Wealth Management Limited (Registered number: 07596937)

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 22 October 2023 and were signed on its behalf by:





J P Thomson - Director


Thomson Gray Wealth Management Limited (Registered number: 07596937)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Thomson Gray 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 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 represents commission income earned from financial services supplied to clients, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and in accordance with the property

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for employees and contributes to the directors self investing personal pension schemes. Contributions payable for the period are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

Thomson Gray Wealth Management Limited (Registered number: 07596937)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Office and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 24,058 16,235 30,640 43,403 114,336
Additions - 739 14,212 1,584 16,535
At 31 March 2023 24,058 16,974 44,852 44,987 130,871
DEPRECIATION
At 1 April 2022 9,318 11,215 29,632 30,053 80,218
Charge for year 1,203 2,697 1,048 5,731 10,679
At 31 March 2023 10,521 13,912 30,680 35,784 90,897
NET BOOK VALUE
At 31 March 2023 13,537 3,062 14,172 9,203 39,974
At 31 March 2022 14,740 5,020 1,008 13,350 34,118

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 47,150 34,938

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 27,692 10,831
Taxation and social security 157,137 187,653
Other creditors 13,854 11,190
198,683 209,674

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Thomson Group Limited which owns 100% of the issued share capital.