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Company Registration No. 13026647 (England and Wales)
Vinit Mehta Wealth Management Ltd Unaudited accounts for the year ended 30 November 2023
Vinit Mehta Wealth Management Ltd Unaudited accounts Contents
Page
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Vinit Mehta Wealth Management Ltd Company Information for the year ended 30 November 2023
Director
Vinit Anantray Mehta
Company Number
13026647 (England and Wales)
Registered Office
43-45 HIGH ROAD Bushey Heath WD23 1EE United Kingdom
Accountants
Charterwells Suite 8, 2nd Floor 43-45 High Road Bushey Heath WD23 1EE
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Vinit Mehta Wealth Management Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,353,132 
2,647,274 
Tangible assets
4,332 
1,365 
Investments
750 
- 
2,358,214 
2,648,639 
Current assets
Debtors
7,948 
5,862 
Cash at bank and in hand
493,089 
534,995 
501,037 
540,857 
Creditors: amounts falling due within one year
(122,093)
(121,570)
Net current assets
378,944 
419,287 
Total assets less current liabilities
2,737,158 
3,067,926 
Creditors: amounts falling due after more than one year
(2,067,781)
(2,510,865)
Net assets
669,377 
557,061 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
669,367 
557,051 
Shareholders' funds
669,377 
557,061 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 August 2024 and were signed on its behalf by
Vinit Anantray Mehta Director Company Registration No. 13026647
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Vinit Mehta Wealth Management Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Vinit Mehta Wealth Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 13026647. The registered office is 43-45 HIGH ROAD, Bushey Heath, WD23 1EE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% SLM
Fixtures & fittings
25% SLM
Computer equipment
25% SLM
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over 10 years on a straight line basis
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
3,055,291 
At 30 November 2023
3,055,291 
Amortisation
At 1 December 2022
408,017 
On disposals
294,142 
At 30 November 2023
702,159 
Net book value
At 30 November 2023
2,353,132 
At 30 November 2022
2,647,274 
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Vinit Mehta Wealth Management Ltd Notes to the Accounts for the year ended 30 November 2023
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2022
580 
2,149 
2,729 
Additions
1,524 
3,342 
4,866 
At 30 November 2023
2,104 
5,491 
7,595 
Depreciation
At 1 December 2022
290 
1,074 
1,364 
Charge for the year
526 
1,373 
1,899 
At 30 November 2023
816 
2,447 
3,263 
Net book value
At 30 November 2023
1,288 
3,044 
4,332 
At 30 November 2022
290 
1,075 
1,365 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 December 2022
- 
Additions
750 
Valuation at 30 November 2023
750 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,948 
5,862 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
121,191 
121,570 
Other creditors
902 
- 
122,093 
121,570 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,410,088 
1,613,962 
Loans from directors
657,693 
896,903 
2,067,781 
2,510,865 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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