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REGISTERED NUMBER: 12525286 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Tmp Wealth Management Ltd

Tmp Wealth Management Ltd (Registered number: 12525286)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Tmp Wealth Management Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: G Bolton
P T Grieves
G Oselton
J O Richfield
D G Smith





REGISTERED OFFICE: Appleby House
Castle Square
Morpeth
Northumberland
NE61 1YD





REGISTERED NUMBER: 12525286 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Tmp Wealth Management Ltd (Registered number: 12525286)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,555,468 2,692,864
Tangible assets 5 376,078 340,517
2,931,546 3,033,381

CURRENT ASSETS
Debtors 6 709,933 735,385
Cash at bank 63,257 13,727
773,190 749,112
CREDITORS
Amounts falling due within one year 7 857,690 634,061
NET CURRENT (LIABILITIES)/ASSETS (84,500 ) 115,051
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,847,046

3,148,432

CREDITORS
Amounts falling due after more than one
year

8

(2,098,471

)

(2,279,857

)

PROVISIONS FOR LIABILITIES (85,800 ) (56,136 )
NET ASSETS 662,775 812,439

Tmp Wealth Management Ltd (Registered number: 12525286)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 662,670 812,334
SHAREHOLDERS' FUNDS 662,775 812,439

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

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

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 6 March 2024 and were signed on its behalf by:





J O Richfield - Director


Tmp Wealth Management Ltd (Registered number: 12525286)

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

1. STATUTORY INFORMATION

Tmp Wealth Management 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.

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 businesses is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery etc - 25% on cost per annum and 10% on reducing balance per annum

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.


Tmp Wealth Management Ltd (Registered number: 12525286)

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

2. ACCOUNTING POLICIES - continued
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 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 23 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022 2,946,374
Additions 10,397
At 31 October 2023 2,956,771
AMORTISATION
At 1 November 2022 253,510
Charge for year 147,793
At 31 October 2023 401,303
NET BOOK VALUE
At 31 October 2023 2,555,468
At 31 October 2022 2,692,864

Tmp Wealth Management Ltd (Registered number: 12525286)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 371,691
Additions 181,366
Disposals (116,255 )
At 31 October 2023 436,802
DEPRECIATION
At 1 November 2022 31,174
Charge for year 40,691
Eliminated on disposal (11,141 )
At 31 October 2023 60,724
NET BOOK VALUE
At 31 October 2023 376,078
At 31 October 2022 340,517

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 709,933 735,385

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,400 11,400
Hire purchase contracts 50,631 45,661
Taxation and social security 216,814 129,453
Other creditors 578,845 447,547
857,690 634,061

Tmp Wealth Management Ltd (Registered number: 12525286)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,495 24,871
Hire purchase contracts 267,382 245,181
Other creditors 1,815,594 2,009,805
2,098,471 2,279,857

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
J O Richfield
Balance outstanding at start of year 295,205 178,769
Amounts advanced 223,587 332,866
Amounts repaid (296,000 ) (216,430 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 222,792 295,205

P T Grieves
Balance outstanding at start of year 279,779 121,980
Amounts advanced 307,909 300,549
Amounts repaid (280,000 ) (142,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 307,688 279,779

G Bolton
Balance outstanding at start of year 81,519 6,639
Amounts advanced 64,397 99,310
Amounts repaid (82,000 ) (24,430 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,916 81,519

Tmp Wealth Management Ltd (Registered number: 12525286)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G Oselton
Balance outstanding at start of year 35,380 50,075
Amounts advanced 26,683 66,336
Amounts repaid (36,000 ) (81,031 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,063 35,380

D G Smith
Balance outstanding at start of year 43,216 10,270
Amounts advanced 38,725 60,658
Amounts repaid (44,000 ) (27,712 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,941 43,216

Tmp Wealth Management Ltd

Report of the Accountants to the Directors of
Tmp Wealth Management Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


6 March 2024