HUTCHINSON_WEALTH_MANAGEM

HUTCHINSON WEALTH MANAGEMENT LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HUTCHINSON WEALTH MANAGEMENT LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

£

Fixed assets

Intangible assets

2

352,205

238,371

Tangible assets

2

1,065

599

353,270

238,970

Current assets

Debtors

22,926

18,296

Cash at bank and in hand

89,921

66,452

112,847

84,748

Creditors: amounts falling due within one year

(229,767)

(273,788)

Net current liabilities

(116,920)

(189,040)

Total assets less current liabilities

236,350

49,930

Creditors: amounts falling due after more than one year

(149,299)

-

Provisions for liabilities

(213)

-

86,838

49,930

Capital and reserves

Called up share capital

3

10

Profit and loss account

86,828

49,920

Shareholders' funds

86,838

49,930

HUTCHINSON WEALTH MANAGEMENT LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

-

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

-

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 June 2014

Mr S T Hutchinson

Director

Company Registration No. 07990232

HUTCHINSON WEALTH MANAGEMENT LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

1

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

15% reducing balance

2

Fixed assets

Intangible assets

Tangible assets

Total

£

Cost

At 1 April 2013

297,964

705

298,669

Additions

216,784

654

217,438

At 31 March 2014

514,748

1,359

516,107

Depreciation

At 1 April 2013

59,593

106

59,699

Charge for the year

102,950

188

103,138

At 31 March 2014

162,543

294

162,837

Net book value

At 31 March 2014

352,205

1,065

353,270

At 31 March 2013

238,371

599

238,970

HUTCHINSON WEALTH MANAGEMENT LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

3

Share capital

2014

2013

£

Allotted, called up and fully paid

10 Ordinary shares of £1 each

10