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
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
Vinit Mehta Wealth Management Ltd
Statement of financial position
as at 30 November 2023
Intangible assets
2,353,132
2,647,274
Tangible assets
4,332
1,365
Cash at bank and in hand
493,089
534,995
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
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
Vinit Mehta Wealth Management Ltd
Notes to the Accounts
for the year ended 30 November 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% SLM
Computer equipment
25% SLM
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
At 1 December 2022
3,055,291
At 30 November 2023
3,055,291
At 1 December 2022
408,017
At 30 November 2023
702,159
At 30 November 2023
2,353,132
At 30 November 2022
2,647,274
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
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
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
-
Valuation at 30 November 2023
750
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
121,191
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
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).