2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 51,194 5,119 5,120 10,239 40,955 46,075 xbrli:pure xbrli:shares iso4217:GBP 13890508 2023-04-01 2024-03-31 13890508 2024-03-31 13890508 2023-03-31 13890508 2022-02-03 2023-03-31 13890508 2023-03-31 13890508 2022-02-02 13890508 core:NetGoodwill 2023-04-01 2024-03-31 13890508 core:LandBuildings core:LongLeaseholdAssets 2023-04-01 2024-03-31 13890508 bus:RegisteredOffice 2023-04-01 2024-03-31 13890508 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 13890508 bus:Director1 2023-04-01 2024-03-31 13890508 bus:Director2 2023-04-01 2024-03-31 13890508 core:NetGoodwill 2023-03-31 13890508 core:NetGoodwill 2024-03-31 13890508 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 13890508 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 13890508 core:WithinOneYear 2024-03-31 13890508 core:WithinOneYear 2023-03-31 13890508 core:AfterOneYear 2023-03-31 13890508 core:ShareCapital 2024-03-31 13890508 core:ShareCapital 2023-03-31 13890508 core:RetainedEarningsAccumulatedLosses 2024-03-31 13890508 core:RetainedEarningsAccumulatedLosses 2023-03-31 13890508 core:NetGoodwill 2023-03-31 13890508 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 13890508 bus:SmallEntities 2023-04-01 2024-03-31 13890508 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13890508 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13890508 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13890508 bus:FullAccounts 2023-04-01 2024-03-31 13890508 core:ComputerEquipment 2023-04-01 2024-03-31 13890508 core:ComputerEquipment 2024-03-31 13890508 core:ComputerEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 13890508
Werner Wealth Ltd
Filleted Unaudited Financial Statements
31 March 2024
Werner Wealth Ltd
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
Werner Wealth Ltd
Officers and Professional Advisers
The board of directors
Mr B Werner
Mrs B L Werner
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Werner Wealth Ltd
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Werner Wealth Ltd
Year ended 31 March 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
Werner Wealth Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
40,955
46,075
Tangible assets
6
8,695
10,838
--------
--------
49,650
56,913
Current assets
Debtors
7
15,500
19,709
Cash at bank and in hand
724
3,796
--------
--------
16,224
23,505
Creditors: amounts falling due within one year
8
65,742
66,580
--------
--------
Net current liabilities
49,518
43,075
--------
--------
Total assets less current liabilities
132
13,838
Creditors: amounts falling due after more than one year
9
13,706
----
--------
Net assets
132
132
----
--------
Capital and reserves
Called up share capital
104
104
Profit and loss account
28
28
----
----
Shareholders funds
132
132
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Werner Wealth Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 March 2025 , and are signed on behalf of the board by:
Mr B Werner
Director
Company registration number: 13890508
Werner Wealth Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
10% straight line
Computer Equipment
-
25% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
51,194
--------
Amortisation
At 1 April 2023
5,119
Charge for the year
5,120
--------
At 31 March 2024
10,239
--------
Carrying amount
At 31 March 2024
40,955
--------
At 31 March 2023
46,075
--------
6. Tangible assets
Long leasehold property
Equipment
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
7,347
5,635
12,982
-------
-------
--------
Depreciation
At 1 April 2023
735
1,409
2,144
Charge for the year
734
1,409
2,143
-------
-------
--------
At 31 March 2024
1,469
2,818
4,287
-------
-------
--------
Carrying amount
At 31 March 2024
5,878
2,817
8,695
-------
-------
--------
At 31 March 2023
6,612
4,226
10,838
-------
-------
--------
7. Debtors
2024
2023
£
£
Trade debtors
15,500
19,709
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
857
1,631
Corporation tax
17,725
16,794
Other creditors
47,160
48,155
--------
--------
65,742
66,580
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
857
Other creditors
12,849
----
--------
13,706
----
--------