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REGISTERED NUMBER: 06556301 (England and Wales)















INVESTMENT CHOICES WEALTH MANAGEMENT LTD
TRADING AS
INVESTMENT CHOICES

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301)
TRADING AS INVESTMENT CHOICES






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVESTMENT CHOICES WEALTH MANAGEMENT LTD
TRADING AS INVESTMENT CHOICES

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: G Bodle





REGISTERED OFFICE: Drovers Lodge
Coombe Lane
Tenterden
Kent
TN30 6HD





REGISTERED NUMBER: 06556301 (England and Wales)





ACCOUNTANTS: Busbys
Chartered Accountants
Unit 7
Pickhill Business Centre
Smallhythe Road
Tenterden
Kent
TN30 7LZ

INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301)
TRADING AS INVESTMENT CHOICES

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 108,859 144,219
Tangible assets 5 14,894 19,128
123,753 163,347

CURRENT ASSETS
Debtors 6 236,848 43,921
Cash at bank 407,126 519,328
643,974 563,249
CREDITORS
Amounts falling due within one year 7 82,087 81,531
NET CURRENT ASSETS 561,887 481,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,640

645,065

PROVISIONS FOR LIABILITIES 3,723 4,782
NET ASSETS 681,917 640,283

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 681,916 640,282
SHAREHOLDERS' FUNDS 681,917 640,283

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301)
TRADING AS INVESTMENT CHOICES

BALANCE SHEET - continued
31 December 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 director and authorised for issue on 27 March 2024 and were signed by:





G Bodle - Director


INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301)
TRADING AS INVESTMENT CHOICES

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Investment Choices 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents invoiced sales of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2014, 2016, 2018, 2019, 2020, 2021, 2022 and 2023, is being amortised evenly over its estimated useful life. The 2014 acquisition is being amortised over ten years and the later acquisitions are being amortised over five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

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.

INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301)
TRADING AS INVESTMENT CHOICES

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 389,293
Additions 16,500
At 31 December 2023 405,793
AMORTISATION
At 1 January 2023 245,074
Charge for year 51,860
At 31 December 2023 296,934
NET BOOK VALUE
At 31 December 2023 108,859
At 31 December 2022 144,219

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 7,869 89,586 7,808 105,263
Additions 356 - 1,095 1,451
Disposals (120 ) - - (120 )
At 31 December 2023 8,105 89,586 8,903 106,594
DEPRECIATION
At 1 January 2023 6,614 73,643 5,878 86,135
Charge for year 308 3,987 1,313 5,608
Eliminated on disposal (43 ) - - (43 )
At 31 December 2023 6,879 77,630 7,191 91,700
NET BOOK VALUE
At 31 December 2023 1,226 11,956 1,712 14,894
At 31 December 2022 1,255 15,943 1,930 19,128

INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301)
TRADING AS INVESTMENT CHOICES

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 38,763 36,919
Other debtors 198,085 7,002
236,848 43,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 950 387
Taxation and social security 73,187 73,230
Other creditors 7,950 7,914
82,087 81,531

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 5,500 5,500
Between one and five years 9,625 15,125
15,125 20,625

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1