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REGISTERED NUMBER: 12013404 (England and Wales)







Financial Statements for the Year Ended 31st March 2024

for

Taurus Wealth Management Limited

Taurus Wealth Management Limited (Registered number: 12013404)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Taurus Wealth Management Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: R A North
S G Watkins





SECRETARY: Mrs C North





REGISTERED OFFICE: Sansome Lodge
4 Sansome Walk
Worcester
Worcestershire
WR1 1LH





REGISTERED NUMBER: 12013404 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Taurus Wealth Management Limited (Registered number: 12013404)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,000 24,750
Tangible assets 5 9,469 9,861
31,469 34,611

CURRENT ASSETS
Debtors 6,217 1,176
Cash at bank and in hand 46,717 126,368
52,934 127,544
CREDITORS
Amounts falling due within one year 24,335 95,041
NET CURRENT ASSETS 28,599 32,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,068

67,114

PROVISIONS FOR LIABILITIES 1,699 1,750
NET ASSETS 58,369 65,364

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 58,269 65,264
58,369 65,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Taurus Wealth Management Limited (Registered number: 12013404)

Abridged Balance Sheet - continued
31st March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 3rd June 2024 and were signed on its behalf by:




R A North - Director



S G Watkins - Director


Taurus Wealth Management Limited (Registered number: 12013404)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Taurus Wealth Management Limited 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 a business in 2020, is being amortised evenly over its estimated useful life of thirteen 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
Tangible fixed assets are initially measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis:
Fixtures and Fittings-25% Reducing Balance
Computer Equipment-33% Reducing Balance

Where a gain or loss arises on the disposal of an asset, it is determined as the difference between the sale proceeds and the carrying value of an asset, and is credited or charged to the profit or loss.

GOVERNMENT GRANTS
Government grants are recognised using the accruals model.

Government grants relating to compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised in income in the period in which the grants becomes receivable.

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.

Taurus Wealth Management Limited (Registered number: 12013404)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

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 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 35,750
AMORTISATION
At 1st April 2023 11,000
Amortisation for year 2,750
At 31st March 2024 13,750
NET BOOK VALUE

At 31st March 2024 22,000
At 31st March 2023 24,750

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 12,109
Additions 672
At 31st March 2024 12,781
DEPRECIATION
At 1st April 2023 2,248
Charge for year 1,064
At 31st March 2024 3,312
NET BOOK VALUE
At 31st March 2024 9,469
At 31st March 2023 9,861