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REGISTERED NUMBER: 14216580 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Dyer & Co Wealth Management Ltd

Dyer & Co Wealth Management Ltd (Registered number: 14216580)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dyer & Co Wealth Management Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: G S Dyer
R H Dyer





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW





REGISTERED NUMBER: 14216580 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Dyer & Co Wealth Management Ltd (Registered number: 14216580)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,111,173 -
Tangible assets 5 7,360 -
2,118,533 -

CURRENT ASSETS
Debtors 6 250,280 -
Cash at bank and in hand 7,967 2
258,247 2
CREDITORS
Amounts falling due within one year 7 (459,657 ) -
NET CURRENT (LIABILITIES)/ASSETS (201,410 ) 2
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,917,123

2

CREDITORS
Amounts falling due after more than one
year

8

(1,756,941

)

-

PROVISIONS FOR LIABILITIES (1,840 ) -
NET ASSETS 158,342 2

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 158,340 -
158,342 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Dyer & Co Wealth Management Ltd (Registered number: 14216580)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





G S Dyer - Director


Dyer & Co Wealth Management Ltd (Registered number: 14216580)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Dyer & Co 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.

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

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 a business in 2023, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Dyer & Co Wealth Management Ltd (Registered number: 14216580)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

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 5 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 2,345,748
At 30 November 2023 2,345,748
AMORTISATION
Amortisation for year 234,575
At 30 November 2023 234,575
NET BOOK VALUE
At 30 November 2023 2,111,173

Dyer & Co Wealth Management Ltd (Registered number: 14216580)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 7,677
At 30 November 2023 7,677
DEPRECIATION
Charge for year 317
At 30 November 2023 317
NET BOOK VALUE
At 30 November 2023 7,360

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 70,092 -
Other debtors 180,188 -
250,280 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 140,542 -
Other creditors 319,115 -
459,657 -

Other creditors include accruals and deferred income of £16,100 (2022: Nil).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 1,756,941 -

Amounts falling due in more than five years:

Repayable by instalments
Other loans more than 5 years 735,813 -

Dyer & Co Wealth Management Ltd (Registered number: 14216580)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Other loans 2,059,946 -

The directors have given personal guarantees over the other loans.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

30.11.23 30.11.22
£    £   
G S Dyer
Balance outstanding at start of year - -
Amounts advanced 180,188 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 180,188 -

The loan is repayable on demand and interest has been charged at the HMRC Official Rate.