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REGISTERED NUMBER: 02589429 (England and Wales)









Financial Statements

for the Year Ended 30 April 2024

for

Laver Wealth Management Limited

Laver Wealth Management Limited (Registered number: 02589429)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Laver Wealth Management Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S C Hillier
D Laver
Mrs M M Williams





SECRETARY: Mrs M M Williams





REGISTERED OFFICE: 9 Beaconsfield Road
Weston-Super-Mare
United Kingdom
BS23 1YE





REGISTERED NUMBER: 02589429 (England and Wales)





AUDITORS: Pareto Analysis Ltd (Statutory Auditor)
Parkview
23 Wadham Street
Weston-super-Mare
Somerset
BS23 1JZ

Laver Wealth Management Limited (Registered number: 02589429)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 46,577 57,229
Investments 5 511,895 392,079
558,472 449,308

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 23,852 23,614
Cash at bank and in hand 299,770 431,801
326,122 457,915
CREDITORS
Amounts falling due within one year 7 (193,074 ) (152,928 )
NET CURRENT ASSETS 133,048 304,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

691,520

754,295

PROVISIONS FOR LIABILITIES (11,644 ) (7,795 )
NET ASSETS 679,876 746,500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 679,776 746,400
679,876 746,500

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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:





S C Hillier - Director


Laver Wealth Management Limited (Registered number: 02589429)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Laver 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold over 10 years straightline
Computer equipment 5-33%

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

Investments
Investments are shown at fair value and any gains or losses in the year are recognised in the Profit and Loss account.

Laver Wealth Management Limited (Registered number: 02589429)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Short Computer
leasehold equipment Totals
£    £    £   
COST
At 1 May 2023 71,401 249,090 320,491
Additions - 5,713 5,713
At 30 April 2024 71,401 254,803 326,204
DEPRECIATION
At 1 May 2023 62,924 200,338 263,262
Charge for year 7,140 9,225 16,365
At 30 April 2024 70,064 209,563 279,627
NET BOOK VALUE
At 30 April 2024 1,337 45,240 46,577
At 30 April 2023 8,477 48,752 57,229

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 392,079
Additions 70,000
Revaluations 49,816
At 30 April 2024 511,895
NET BOOK VALUE
At 30 April 2024 511,895
At 30 April 2023 392,079

Investments are measured at fair value and changes are recognised in the profit and loss account. Fair value is determined by the quoted market price in an active market.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 23,852 23,614

Laver Wealth Management Limited (Registered number: 02589429)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1,147 1,145
Taxation and social security 165,516 126,908
Other creditors 26,411 24,875
193,074 152,928

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul William John FCCA (Senior Statutory Auditor)
for and on behalf of Pareto Analysis Ltd (Statutory Auditor)

9. OTHER COMMITMENTS

At 30 April 2024 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £96,106 (2023 - £112,995).

The company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the company in an independently administered fund.