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REGISTERED NUMBER: 08189745 (England and Wales)
























Unaudited Financial Statements for the Year Ended 31 August 2023

for

Tracey Mather Wealth Management Limited

Tracey Mather Wealth Management Limited (Registered number: 08189745)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tracey Mather Wealth Management Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: T Mather
A Mather





REGISTERED OFFICE: The Orchard
Charley Road
Charley
Loughborough
LE12 9YB





REGISTERED NUMBER: 08189745 (England and Wales)





ACCOUNTANTS: D&D Accountancy Services Ltd
Toll Bar House
1 Derby Road
Ilkeston
Derbyshire
DE7 5FH

Tracey Mather Wealth Management Limited (Registered number: 08189745)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,058 60,076
Tangible assets 5 3,612 52,059
48,670 112,135

CURRENT ASSETS
Cash at bank 74,090 118,314

CREDITORS
Amounts falling due within one year 6 43,529 43,180
NET CURRENT ASSETS 30,561 75,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,231

187,269

CREDITORS
Amounts falling due after more than one
year

7

(67,730

)

(129,044

)

PROVISIONS FOR LIABILITIES (686 ) (7,525 )
NET ASSETS 10,815 50,700

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 10,685 50,570
10,815 50,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Tracey Mather Wealth Management Limited (Registered number: 08189745)

Balance Sheet - continued
31 August 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 25 October 2023 and were signed on its behalf by:





T Mather - Director


Tracey Mather Wealth Management Limited (Registered number: 08189745)

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

1. STATUTORY INFORMATION

Tracey Mather 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 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 2017, 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
Motor Vehicles - 15% reducing balance
Fixtures & fittings - 25% on cost
Computer equipment - 25% on cost

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.

Tracey Mather Wealth Management Limited (Registered number: 08189745)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 150,184
AMORTISATION
At 1 September 2022 90,108
Charge for year 15,018
At 31 August 2023 105,126
NET BOOK VALUE
At 31 August 2023 45,058
At 31 August 2022 60,076

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 4,658 67,910 5,554 78,122
Additions 991 - 1,847 2,838
Disposals - (67,910 ) - (67,910 )
At 31 August 2023 5,649 - 7,401 13,050
DEPRECIATION
At 1 September 2022 4,418 18,845 2,800 26,063
Charge for year 368 - 1,852 2,220
Eliminated on disposal - (18,845 ) - (18,845 )
At 31 August 2023 4,786 - 4,652 9,438
NET BOOK VALUE
At 31 August 2023 863 - 2,749 3,612
At 31 August 2022 240 49,065 2,754 52,059

Tracey Mather Wealth Management Limited (Registered number: 08189745)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 9,158
Taxation and social security 34,245 29,595
Other creditors 9,284 4,427
43,529 43,180

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 67,730 82,213
Hire purchase contracts - 46,831
67,730 129,044