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REGISTERED NUMBER: 13857539 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

SMITH JACKSON WEALTH MANAGEMENT LIMITED

SMITH JACKSON WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 13857539)

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


SMITH JACKSON WEALTH MANAGEMENT LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A M Smith
Mrs Z Birchall
N Dewhurst-Madejczyk
Ms M T Banks





REGISTERED OFFICE: Suite 6b Link 665 Business Centre
Todd Hall Road
Haslingden
Lancashire
BB4 5HU





REGISTERED NUMBER: 13857539 (England and Wales)





ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF

SMITH JACKSON WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 13857539)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 3,370,918 3,910,891
Tangible assets 5 18,828 28,304
Investments 6 7,915,748 7,915,748
11,305,494 11,854,943

CURRENT ASSETS
Debtors 7 177,904 94,009
Cash at bank and in hand 55,171 24,465
233,075 118,474
CREDITORS
Amounts falling due within one year 8 5,439,323 1,788,244
NET CURRENT LIABILITIES (5,206,248 ) (1,669,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,099,246

10,185,173

CREDITORS
Amounts falling due after more than one
year

9

222,425

4,255,402
NET ASSETS 5,876,821 5,929,771

CAPITAL AND RESERVES
Called up share capital 12 100 100
Share premium 6,085,956 6,085,956
Retained earnings (209,235 ) (156,285 )
SHAREHOLDERS' FUNDS 5,876,821 5,929,771

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 directors acknowledge their 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.

SMITH JACKSON WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 13857539)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





A M Smith - Director


SMITH JACKSON WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 13857539)

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


1. STATUTORY INFORMATION

Smith Jackson Wealth Management Limited is a private company, limited by shares , registered in England and 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
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses since 2022, is being amortised evenly over its estimated useful life of ten 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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 10% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

SMITH JACKSON WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 13857539)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 4,714,284
Disposals (176,964 )
At 31 December 2024 4,537,320
AMORTISATION
At 1 January 2024 803,393
Amortisation for year 389,554
Eliminated on disposal (26,545 )
At 31 December 2024 1,166,402
NET BOOK VALUE
At 31 December 2024 3,370,918
At 31 December 2023 3,910,891

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2024 15,413 10,541 26,216 52,170
Additions - 2,356 888 3,244
At 31 December 2024 15,413 12,897 27,104 55,414
DEPRECIATION
At 1 January 2024 4,946 4,325 14,595 23,866
Charge for year 1,542 2,143 9,035 12,720
At 31 December 2024 6,488 6,468 23,630 36,586
NET BOOK VALUE
At 31 December 2024 8,925 6,429 3,474 18,828
At 31 December 2023 10,467 6,216 11,621 28,304

SMITH JACKSON WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 13857539)

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


6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 January 2024
and 31 December 2024 7,915,748
NET BOOK VALUE
At 31 December 2024 7,915,748
At 31 December 2023 7,915,748

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 173,094 89,408
Other debtors 4,810 4,601
177,904 94,009

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 6,008 3,418
Amounts owed to group undertakings 6,633 63,984
Taxation and social security 38,064 76,501
Other creditors 5,388,618 1,644,341
5,439,323 1,788,244

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other creditors 222,425 4,255,402

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 87,281 2,071,563

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 22,920 22,920
Between one and five years 91,680 91,680
In more than five years 11,460 34,380
126,060 148,980

SMITH JACKSON WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 13857539)

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


11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Other loans 5,145,774 4,903,875

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary 1 100 100

13. RELATED PARTY DISCLOSURES

At the end of the year a loan of £209 was due to the company from a director. The loan was repaid after the balance sheet date.