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REGISTERED NUMBER: 14819871 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

21ST APRIL 2023 TO 31ST AUGUST 2024

FOR

WILLGRASS WEALTH MANAGEMENT LTD

WILLGRASS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 14819871)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 21ST APRIL 2023 TO 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILLGRASS WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE PERIOD 21ST APRIL 2023 TO 31ST AUGUST 2024







DIRECTORS: B N Willgrass
N A Willgrass





SECRETARY:





REGISTERED OFFICE: Colney Old Hall
Watton Road
Colney
Norwich
NR4 7TX





REGISTERED NUMBER: 14819871 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

WILLGRASS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 14819871)

BALANCE SHEET
31ST AUGUST 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 678,566
Tangible assets 5 115,860
794,426

CURRENT ASSETS
Cash at bank 12,717

CREDITORS
Amounts falling due within one year 6 166,032
NET CURRENT LIABILITIES (153,315 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,111

CREDITORS
Amounts falling due after more than one
year

7

629,174
NET ASSETS 11,937

CAPITAL AND RESERVES
Called up share capital 80
Retained earnings 11,857
11,937

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

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

WILLGRASS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 14819871)

BALANCE SHEET - continued
31ST AUGUST 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 12th December 2024 and were signed on its behalf by:





N A Willgrass - Director


WILLGRASS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 14819871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 21ST APRIL 2023 TO 31ST AUGUST 2024

1. STATUTORY INFORMATION

Willgrass 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.

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 0, is being amortised evenly over its estimated useful life of nil 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.

Taxation
Taxation for the period 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 period 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 period was 7 .

WILLGRASS WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 14819871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 21ST APRIL 2023 TO 31ST AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 678,566
At 31st August 2024 678,566
NET BOOK VALUE
At 31st August 2024 678,566

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 151,771
At 31st August 2024 151,771
DEPRECIATION
Charge for period 35,911
At 31st August 2024 35,911
NET BOOK VALUE
At 31st August 2024 115,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 67,857
Hire purchase contracts 14,260
Taxation and social security 79,955
Other creditors 3,960
166,032

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 542,854
Hire purchase contracts 86,320
629,174

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 271,427