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REGISTERED NUMBER: SC684702 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

William Wilson Wealth Management Limited

William Wilson Wealth Management Limited (Registered number: SC684702)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


William Wilson Wealth Management Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: W F Wilson





REGISTERED OFFICE: 64 Braeside Place
Aberdeen
AB15 7TU





REGISTERED NUMBER: SC684702 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

William Wilson Wealth Management Limited (Registered number: SC684702)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 368,556 386,079
Tangible assets 6 3,309 3,711
371,865 389,790

CURRENT ASSETS
Debtors 7 10,467 10,573
Cash at bank 70,521 40,406
80,988 50,979
CREDITORS
Amounts falling due within one year 8 79,583 78,778
NET CURRENT ASSETS/(LIABILITIES) 1,405 (27,799 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,270

361,991

CREDITORS
Amounts falling due after more than one
year

9

(241,627

)

(283,649

)

PROVISIONS FOR LIABILITIES 11 (828 ) (928 )
NET ASSETS 130,815 77,414

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 130,814 77,413
SHAREHOLDERS' FUNDS 130,815 77,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

William Wilson Wealth Management Limited (Registered number: SC684702)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 3 April 2025 and were signed by:





W F Wilson - Director


William Wilson Wealth Management Limited (Registered number: SC684702)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

William Wilson Wealth Management Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised when the service has been provided, when the amount of revenue can be measured reliably and when its probable that future economic benefits will flow to the entity.

Goodwill
Goodwill being the amount paid in connection with the acquisition of the business in 2021 is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & Fittings - 20% on cost
Computer Equipment - 33% on cost

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 have been enacted or substantively enacted by the balance sheet date.


William Wilson Wealth Management Limited (Registered number: SC684702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 429,116
Additions 3,999
At 31 December 2024 433,115
AMORTISATION
At 1 January 2024 43,037
Charge for year 21,522
At 31 December 2024 64,559
NET BOOK VALUE
At 31 December 2024 368,556
At 31 December 2023 386,079

William Wilson Wealth Management Limited (Registered number: SC684702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 11,498
Additions 1,828
Disposals (1,008 )
At 31 December 2024 12,318
DEPRECIATION
At 1 January 2024 7,787
Charge for year 2,230
Eliminated on disposal (1,008 )
At 31 December 2024 9,009
NET BOOK VALUE
At 31 December 2024 3,309
At 31 December 2023 3,711

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,912 8,773
Other debtors 555 1,800
10,467 10,573

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) -
Corporation Tax 33,590 14,890
Other creditors 45,994 63,888
79,583 78,778

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 241,627 283,649

Loans outstanding at the year end include instalments due after more than five years of £73,599 (2023:£115,656)

10. SECURED DEBTS

The loan from Saint James Place is secured by a personal guarantee provided by Mr William Wilson.

William Wilson Wealth Management Limited (Registered number: SC684702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 828 928

Deferred
tax
£   
Balance at 1 January 2024 928
Provided during year (100 )
Balance at 31 December 2024 828

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W F Wilson.