Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Martin Corrall Wealth Management Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Martin Corrall Wealth Management Limited
for the Year Ended 30 September 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Martin Corrall Wealth Management Limited for the year ended 30 September 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of Martin Corrall Wealth Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Martin Corrall Wealth Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Martin Corrall Wealth Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Martin Corrall Wealth Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Martin Corrall Wealth Management Limited. You consider that Martin Corrall Wealth Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Martin Corrall Wealth Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN
5 May 2017
Martin Corrall Wealth Management Limited
(Registration number: 06383807)
Abbreviated Balance Sheet at 30 September 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
- |
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Tangible fixed assets |
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Current assets |
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Debtors |
- |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
Martin Corrall Wealth Management Limited
(Registration number: 06383807)
Abbreviated Balance Sheet at 30 September 2016
......... continued
Approved by the director on
.........................................
Mr M J Corrall
Director
3
Martin Corrall Wealth Management Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Negative goodwill is included within fixed assets and released to the profit and loss account in the periods in which the fair values of the non-monetary assets purchased on the same acquisition are recovered, whether through sale or depreciation.
Amortisation
Goodwill is amortised over the useful economic life of the asset
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
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Deferred tax
Hire purchase and leasing
Martin Corrall Wealth Management Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 October 2015 |
22,500 |
9,114 |
31,614 |
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Disposals |
(22,500) |
- |
(22,500) |
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At 30 September 2016 |
- |
9,114 |
9,114 |
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Depreciation |
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At 1 October 2015 |
- |
6,915 |
6,915 |
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Charge for the year |
- |
728 |
728 |
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At 30 September 2016 |
- |
7,643 |
7,643 |
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Net book value |
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At 30 September 2016 |
- |
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At 30 September 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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