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REGISTERED NUMBER: 07006728 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Harmony Wealth Management Limited

Harmony Wealth Management Limited (Registered number: 07006728)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Harmony Wealth Management Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N G Smith
R Smith





REGISTERED OFFICE: Penmore House
Hasland Road
Hasland
Derbyshire
S41 0SJ





REGISTERED NUMBER: 07006728 (England and Wales)





ACCOUNTANTS: Allround Accountancy Services Limited
Penmore House
Hasland Road
Hasland
Chesterfield
Derbyshire
S41 0SJ

Harmony Wealth Management Limited (Registered number: 07006728)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,077 5,825

CURRENT ASSETS
Debtors 5 70,687 134,570
Cash at bank 22,735 50,587
93,422 185,157
CREDITORS
Amounts falling due within one year 6 31,386 35,450
NET CURRENT ASSETS 62,036 149,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,113

155,532

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 67,113 154,532
SHAREHOLDERS' FUNDS 68,113 155,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

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

Harmony Wealth Management Limited (Registered number: 07006728)

Balance Sheet - continued
30 September 2024


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 22 October 2024 and were signed on its behalf by:




N G Smith - Director



R Smith - Director


Harmony Wealth Management Limited (Registered number: 07006728)

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

1. STATUTORY INFORMATION

Harmony 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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.

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 3 (2023 - 3 ) .

Harmony Wealth Management Limited (Registered number: 07006728)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 27,746
Additions 3,322
At 30 September 2024 31,068
DEPRECIATION
At 1 October 2023 21,921
Charge for year 3,070
At 30 September 2024 24,991
NET BOOK VALUE
At 30 September 2024 6,077
At 30 September 2023 5,825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 70,687 134,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,184 1,658
Taxation and social security 29,202 33,792
31,386 35,450

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £36,843 (2023:£109,240).

The loan account will be fully repaid by 30 November 2024.

Interest has been charged on the overdrawn loan account.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its board of directors.