IRIS Accounts Production v25.1.3.33 09456850 director 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary shares 1.00000 Ordinary 'M' shares 1.00000 Ordinary 'S' shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094568502024-03-31094568502025-03-31094568502024-04-012025-03-31094568502023-03-31094568502023-04-012024-03-31094568502024-03-3109456850ns15:EnglandWales2024-04-012025-03-3109456850ns14:PoundSterling2024-04-012025-03-3109456850ns10:Director12024-04-012025-03-3109456850ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3109456850ns10:SmallEntities2024-04-012025-03-3109456850ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3109456850ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3109456850ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3109456850ns10:FullAccounts2024-04-012025-03-3109456850ns10:OrdinaryShareClass12024-04-012025-03-3109456850ns10:OrdinaryShareClass22024-04-012025-03-3109456850ns10:OrdinaryShareClass32024-04-012025-03-3109456850ns10:RegisteredOffice2024-04-012025-03-3109456850ns5:CurrentFinancialInstruments2025-03-3109456850ns5:CurrentFinancialInstruments2024-03-3109456850ns5:ShareCapital2025-03-3109456850ns5:ShareCapital2024-03-3109456850ns5:RetainedEarningsAccumulatedLosses2025-03-3109456850ns5:RetainedEarningsAccumulatedLosses2024-03-3109456850ns5:PlantMachinery2024-04-012025-03-3109456850ns5:PlantMachinery2024-03-3109456850ns5:PlantMachinery2025-03-3109456850ns5:PlantMachinery2024-03-3109456850ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3109456850ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109456850ns5:DeferredTaxation2024-03-3109456850ns5:DeferredTaxation2025-03-3109456850ns10:OrdinaryShareClass12025-03-3109456850ns10:OrdinaryShareClass22025-03-3109456850ns10:OrdinaryShareClass32025-03-3109456850ns5:RetainedEarningsAccumulatedLosses2024-03-3109456850ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: 09456850 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Generation Wealth Ltd

Generation Wealth Ltd (Registered number: 09456850)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Generation Wealth Ltd

COMPANY INFORMATION
for the year ended 31 March 2025







Director: Mrs S Ross





Registered office: 4 The Old Water Mill
Westford
Wellington
Somerset
Devon
TA21 0DJ





Registered number: 09456850 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Generation Wealth Ltd (Registered number: 09456850)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 1,877 2,990

Current assets
Debtors 5 62,499 52,873
Cash at bank 132,862 139,425
195,361 192,298
Creditors
Amounts falling due within one year 6 46,378 53,249
Net current assets 148,983 139,049
Total assets less current liabilities 150,860 142,039

Provisions for liabilities 7 750 750
Net assets 150,110 141,289

Capital and reserves
Called up share capital 8 15,020 15,020
Retained earnings 9 135,090 126,269
Shareholders' funds 150,110 141,289

Generation Wealth Ltd (Registered number: 09456850)

BALANCE SHEET - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the board of directors the director and authorised for issue on 26 May 2025 and were signed by:





Mrs S Ross - Director


Generation Wealth Ltd (Registered number: 09456850)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Generation Wealth Ltd 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
Income is measured at the fair value of the consideration receivable in respect of services provided and is recognised at the point of delivery of the service.

The delivery of the service is the point at which the relevant client policy is accepted by the product provider and commission becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

Generation Wealth Ltd (Registered number: 09456850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determind using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
Cost
At 1 April 2024 24,105
Additions 6,797
At 31 March 2025 30,902
Depreciation
At 1 April 2024 21,115
Charge for year 7,910
At 31 March 2025 29,025
Net book value
At 31 March 2025 1,877
At 31 March 2024 2,990

Generation Wealth Ltd (Registered number: 09456850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 9,424 11,073
Amounts owed by group undertakings 53,075 41,800
62,499 52,873

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Corporation tax 34,530 42,680
Social security and other taxes 3,140 2,026
Accrued expenses 8,708 8,543
46,378 53,249

7. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 750 750

Deferred
tax
£   
Balance at 1 April 2024 750
Balance at 31 March 2025 750

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
15,000 Ordinary shares £1 15,000 15,000
10 Ordinary 'M' shares £1 10 10
10 Ordinary 'S' shares £1 10 10
15,020 15,020

Generation Wealth Ltd (Registered number: 09456850)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

9. RESERVES
Retained
earnings
£   

At 1 April 2024 126,269
Profit for the year 108,821
Dividends (100,000 )
At 31 March 2025 135,090

10. ULTIMATE CONTROLLING PARTY

The company is under the control of Generation Wealth Holdings Limited.

Generation Wealth Holdings Limited is ultimately controlled by the director, S Ross.