REGISTERED NUMBER: 08619408 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

LAS WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W Fryer

REGISTERED OFFICE:

No 1 Royal Exchange

C/O Las Accounting LLP

London

EC3V 3DG

REGISTERED NUMBER:

08619408 (England and Wales)

FIXED ASSETS

Intangible assets

4

59,053

138,410

Tangible assets

5

429

580

Investments

6

109,224

10,926

168,706

149,916

CURRENT ASSETS

Debtors

7

16,230

9,579

Cash at bank

138,393

54

154,623

9,633

CREDITORS

Amounts falling due within one year

8

146,258

75,592

NET CURRENT ASSETS/(LIABILITIES)

8,365

(65,959

)

TOTAL ASSETS LESS CURRENT LIABILITIES

177,071

83,957

CREDITORS

Amounts falling due after more than one year

9

30,039

72,314

NET ASSETS

147,032

11,643

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

146,932

11,543

SHAREHOLDERS' FUNDS

147,032

11,643

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 28 March 2025 and were signed by:

W Fryer - Director

1.	STATUTORY INFORMATION

LAS 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of twenty 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2023

184,550

Disposals

(73,820

)

At 31 July 2024

110,730

AMORTISATION

At 1 August 2023

46,140

Charge for year

9,228

Eliminated on disposal

(3,691

)

At 31 July 2024

51,677

NET BOOK VALUE

At 31 July 2024

59,053

At 31 July 2023

138,410

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2023

and 31 July 2024

282

2,502

2,784

DEPRECIATION

At 1 August 2023

223

1,981

2,204

Charge for year

-

151

151

At 31 July 2024

223

2,132

2,355

NET BOOK VALUE

At 31 July 2024

59

370

429

At 31 July 2023

59

521

580

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2023

10,926

Additions

104,125

Disposals

(5,827

)

At 31 July 2024

109,224

NET BOOK VALUE

At 31 July 2024

109,224

At 31 July 2023

10,926

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

1,060

Other debtors

16,230

8,519

16,230

9,579

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

23,925

23,978

Taxation and social security

71,485

4,182

Other creditors

50,848

47,432

146,258

75,592

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

30,039

72,314