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REGISTERED NUMBER: 09560129 (England and Wales)















AUTONOMY WEALTH LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






AUTONOMY WEALTH LIMITED (REGISTERED NUMBER: 09560129)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTONOMY WEALTH LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C Evans
C N Jones
N B Murdock





REGISTERED OFFICE: The Boot Factory
22 Cleveland Road
Wolverhampton
WV2 1BH





REGISTERED NUMBER: 09560129 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

AUTONOMY WEALTH LIMITED (REGISTERED NUMBER: 09560129)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 502,986 529,910
Tangible assets 5 13,152 13,863
516,138 543,773

CURRENT ASSETS
Debtors 6 2,958 2,958
Cash at bank 1,209,305 913,963
1,212,263 916,921
CREDITORS
Amounts falling due within one year 7 406,812 339,014
NET CURRENT ASSETS 805,451 577,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,321,589

1,121,680

PROVISIONS FOR LIABILITIES 3,288 3,466
NET ASSETS 1,318,301 1,118,214

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Share premium 1,167 1,167
Retained earnings 1,307,034 1,106,947
1,318,301 1,118,214

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

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

AUTONOMY WEALTH LIMITED (REGISTERED NUMBER: 09560129)

Balance Sheet - continued
31 May 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 21 November 2024 and were signed on its behalf by:





N B Murdock - Director


AUTONOMY WEALTH LIMITED (REGISTERED NUMBER: 09560129)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Autonomy Wealth 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 2021, is being amortised evenly over its estimated useful life of five 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% 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 11 (2023 - 10 ) .

AUTONOMY WEALTH LIMITED (REGISTERED NUMBER: 09560129)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023 740,644
Additions 151,505
At 31 May 2024 892,149
AMORTISATION
At 1 June 2023 210,734
Charge for year 178,429
At 31 May 2024 389,163
NET BOOK VALUE
At 31 May 2024 502,986
At 31 May 2023 529,910

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 June 2023 47,660
Additions 2,990
At 31 May 2024 50,650
DEPRECIATION
At 1 June 2023 33,797
Charge for year 3,701
At 31 May 2024 37,498
NET BOOK VALUE
At 31 May 2024 13,152
At 31 May 2023 13,863

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,958 2,958

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,242 2,242
Taxation and social security 230,042 187,465
Other creditors 174,528 149,307
406,812 339,014

AUTONOMY WEALTH LIMITED (REGISTERED NUMBER: 09560129)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,750 13,750
Between one and five years 34,375 34,947
48,125 48,697

9. ULTIMATE CONTROLLING PARTY

There is no overall controlling or ultimate controlling party of the company.