Registered Number 07990232

HUTCHINSON WEALTH MANAGEMENT LTD

Abbreviated Accounts

31 March 2015

HUTCHINSON WEALTH MANAGEMENT LTD Registered Number 07990232

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 199,975 352,206
Tangible assets 3 1,739 1,065
Investments 4 21,008 -
222,722 353,271
Current assets
Debtors 39,408 22,925
Cash at bank and in hand 217,495 89,921
256,903 112,846
Creditors: amounts falling due within one year (184,875) (229,767)
Net current assets (liabilities) 72,028 (116,921)
Total assets less current liabilities 294,750 236,350
Creditors: amounts falling due after more than one year (140,055) (149,299)
Provisions for liabilities (348) (213)
Total net assets (liabilities) 154,347 86,838
Capital and reserves
Called up share capital 5 10 10
Profit and loss account 154,337 86,828
Shareholders' funds 154,347 86,838
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 September 2015

And signed on their behalf by:
Mr S T Hutchinson, Director

HUTCHINSON WEALTH MANAGEMENT LTD Registered Number 07990232

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Equipment - 15% Reducing Balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Goodwill - 5 Years Straight Line

Valuation information and policy
Fixed assets
All fixed assets are initially recorded at cost.

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with the
following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value
adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over
into replacement assets, only to the extent that, at the balance sheet date, there is a binding
agreement to dispose of the assets concerned. However, no provision is made where, on the
basis of all available evidence at the balance sheet date, it is more likely than not that the
taxable gain will be rolled over into replacement assets and charged to tax only where the
replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more
likely than not that there will be suitable taxable profits from which the future reversal of the
underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in
the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are
equivalent to a similar debt instrument, those financial instruments are classed as financial
liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and
gains or losses relating to financial liabilities are included in the profit and loss account. Finance
costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions
relating to equity instruments are debited direct to equity.

2Intangible fixed assets
£
Cost
At 1 April 2014 514,748
Additions 899
Disposals -
Revaluations -
Transfers -
At 31 March 2015 515,647
Amortisation
At 1 April 2014 162,542
Charge for the year 153,130
On disposals -
At 31 March 2015 315,672
Net book values
At 31 March 2015 199,975
At 31 March 2014 352,206
3Tangible fixed assets
£
Cost
At 1 April 2014 1,359
Additions 981
Disposals -
Revaluations -
Transfers -
At 31 March 2015 2,340
Depreciation
At 1 April 2014 294
Charge for the year 307
On disposals -
At 31 March 2015 601
Net book values
At 31 March 2015 1,739
At 31 March 2014 1,065

4Fixed assets Investments
The investment relates to an investment in HWM (Harrogate) LLP, an LLP in which the
company and its director are members of.

5Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
10 Ordinary shares of £1 each 10 10