|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT CHOICES WEALTH MANAGEMENT LTD |
TRADING AS |
INVESTMENT CHOICES |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT CHOICES WEALTH MANAGEMENT LTD |
TRADING AS |
INVESTMENT CHOICES |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 DECEMBER 2016 |
|
|
|
|
|
INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301) |
TRADING AS INVESTMENT CHOICES |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
INVESTMENT CHOICES WEALTH MANAGEMENT LTD |
TRADING AS INVESTMENT CHOICES |
|
COMPANY INFORMATION |
for the year ended 31 December 2016 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Unit 7 |
Pickhill Business Centre |
Smallhythe Road |
Tenterden |
Kent |
TN30 7LZ |
INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301) |
TRADING AS INVESTMENT CHOICES |
|
BALANCE SHEET |
31 December 2016 |
|
31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | 9 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301) |
TRADING AS INVESTMENT CHOICES |
|
BALANCE SHEET - continued |
31 December 2016 |
|
|
|
|
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 on
|
|
|
|
|
|
|
|
INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301) |
TRADING AS INVESTMENT CHOICES |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2016 |
|
1. | STATUTORY INFORMATION |
|
Investment Choices Wealth Management Ltd is a
|
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 |
|
|
Turnover |
Turnover represents invoiced sales of services. |
|
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of businesses in 2014 and 2016, is being |
amortised evenly over its estimated useful life of ten years and five years respectively. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
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 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
|
INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301) |
TRADING AS INVESTMENT CHOICES |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2016 |
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 January 2016 |
|
Additions |
|
At 31 December 2016 |
|
AMORTISATION |
At 1 January 2016 |
|
Charge for year |
|
At 31 December 2016 |
|
NET BOOK VALUE |
At 31 December 2016 |
|
At 31 December 2015 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
|
|
|
Additions |
|
|
|
At 31 December 2016 |
|
|
|
DEPRECIATION |
At 1 January 2016 |
|
|
|
Charge for year |
|
|
|
At 31 December 2016 |
|
|
|
NET BOOK VALUE |
At 31 December 2016 |
|
|
|
At 31 December 2015 |
|
|
|
INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301) |
TRADING AS INVESTMENT CHOICES |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2016 |
|
6. | FIXED ASSET INVESTMENTS |
Unlisted |
investments |
£ |
COST OR VALUATION |
At 1 January 2016 |
|
Additions |
|
Disposals | ( |
) |
Revaluations |
|
At 31 December 2016 |
|
NET BOOK VALUE |
At 31 December 2016 |
|
At 31 December 2015 |
|
|
Cost or valuation at 31 December 2016 is represented by: |
|
Unlisted |
investments |
£ |
Valuation in 2015 | 3,922 |
Valuation in 2016 | 1,648 |
Cost | 71,827 |
77,397 |
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Sundry debtors |
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Taxation and social security |
|
|
Other creditors |
|
|
|
|
INVESTMENT CHOICES WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 06556301) |
TRADING AS INVESTMENT CHOICES |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2016 |
|
9. | RESERVES |
Retained |
earnings |
£ |
|
At 1 January 2016 |
|
Profit for the year |
|
Dividends | ( |
) |
At 31 December 2016 |
|
|
Included within retained earnings are non-distributable reserves of £5,057 (2015 : £3,356) relating to the |
revaluation of the investments. This leaves distributable reserves of £146,932 (2015 : £103,763). |
|
10. | RELATED PARTY DISCLOSURES |
|
Other creditors include a loan from the director of £14,708 (2015 : £14,208). |
|
The company paid dividends to the director of £77,424 (2015 : £83,479). |
|
Directors' remuneration paid during the year amounted to £57,370 (2015 : £20,667). |