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Registered number: 08609005

CTP Wealth Management Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
PAS SYSTEMS
Accountants
12
Kendrick Close
Solihull
West Midlands
B92 0QD

CTP Wealth Management Limited

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
Mr G Finch
Mr A A Round
SECRETARY
Mr G Finch
REGISTERED OFFICE
The Beeches
Stourbridge Road
Bridgnorth
Shoropshire
WV15 6AQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08609005
BANKERS
National Westminster Bank PLC
ACCOUNTANTS
PAS SYSTEMS
Accountants
12
Kendrick Close
Solihull
West Midlands
B92 0QD

CTP Wealth Management Limited

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

CTP Wealth Management Limited

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Intangible assets3756,000-
Tangible assets410,1718,058
Investment Assets5120-
766,2918,058
CURRENT ASSETS
Debtors6523,546474,780
Cash at bank and in hand4,33160,640
527,877535,420
CREDITORS: Amounts falling due within one year7259,87069,641
NET CURRENT ASSETS268,007465,779
TOTAL ASSETS LESS CURRENT LIABILITIES1,034,298473,837
CREDITORS: Amounts falling due after more than one year8617,521-
PROVISIONS FOR LIABILITIES AND CHARGES966074
NET ASSETS416,117473,763
CAPITAL AND RESERVES
Called up share capital10100100
Profit and loss account416,017473,663
SHAREHOLDERS' FUNDS416,117473,763
For the year ending 31/07/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/04/2024 and signed on their behalf by
.............................
Mr G Finch
Director

CTP Wealth Management Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1e. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20232022
No.No.
Average number of employees76

CTP Wealth Management Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
Additions840,000840,000
At 31/07/2023840,000840,000
Depreciation
For the year84,00084,000
At 31/07/202384,00084,000
Net Book Amounts
At 31/07/2023756,000756,000
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/08/202221,7331,30723,040
Additions1,2002,2743,474
At 31/07/202322,9333,58126,514
Depreciation
At 01/08/202214,06691614,982
For the year1,1322291,361
At 31/07/202315,1981,14516,343
Net Book Amounts
At 31/07/20237,7352,43610,171
At 31/07/20227,6673918,058
5. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
Additions120120
At 31/07/2023120120
Amortisation
Net Book Amounts
At 31/07/2023120120

CTP Wealth Management Limited

6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors48,520-
Other debtors470,434470,508
Prepayments4,5924,272
523,546474,780
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax7,2545,415
PAYE control1,5601,938
Directors current account108,3091,510
Loans138,479-
Trade creditors3,064-
Pension schemes816716
Accruals-60,062
Amounts due to group companies388-
259,87069,641
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr617,521-
617,521-
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation66074
66074

CTP Wealth Management Limited

10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary Shares of £1.00 each100100
100100