Werner Wealth Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13890508

Werner Wealth Ltd

Filleted Unaudited Financial Statements

31 March 2025

Werner Wealth Ltd

Financial Statements

Year ended 31 March 2025

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 2025

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 2025, 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 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	35,836	40,955
Tangible assets	6	6,552	8,695
		--------	--------
		42,388	49,650

Current assets

Debtors	7	17,365	15,500
Cash at bank and in hand		2,676	724
		--------	--------
		20,041	16,224

Creditors: amounts falling due within one year	8	28,395	65,742
		--------	--------
Net current liabilities		8,354	49,518
		--------	--------
Total assets less current liabilities		34,034	132
		--------	----
Net assets		34,034	132
		--------	----

Capital and reserves

Called up share capital	104	104
Profit and loss account	33,930	28
	--------	----
Shareholders funds	34,034	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 2025 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 2025

These financial statements were approved by the board of directors and authorised for issue on 17 December 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 2025

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 (2024: 2 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	51,194
	--------
Amortisation
At 1 April 2024	10,239
Charge for the year	5,119
	--------
At 31 March 2025	15,358
	--------
Carrying amount
At 31 March 2025	35,836
	--------
At 31 March 2024	40,955
	--------

6. Tangible assets

	Long leasehold property	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	7,347	5,635	12,982
	-------	-------	--------
Depreciation
At 1 April 2024	1,469	2,818	4,287
Charge for the year	735	1,408	2,143
	-------	-------	--------
At 31 March 2025	2,204	4,226	6,430
	-------	-------	--------
Carrying amount
At 31 March 2025	5,143	1,409	6,552
	-------	-------	--------
At 31 March 2024	5,878	2,817	8,695
	-------	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	17,365	15,500
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans	–	857
Corporation tax	21,190	17,725
Other creditors	7,205	47,160
	--------	--------
	28,395	65,742
	--------	--------