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REGISTERED NUMBER: 13112967 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Gittins & Co. Wealth Management Ltd

Gittins & Co. Wealth Management Ltd (Registered number: 13112967)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gittins & Co. Wealth Management Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs K H Gittins
B J Gittins





REGISTERED OFFICE: Pulford Grange Chester Road
Rossett
Wrexham
Clwyd
LL12 0DF





REGISTERED NUMBER: 13112967 (England and Wales)





ACCOUNTANTS: G Ceidiog Hughes Limited
40 Brookhouse Road
Denbigh
Clwyd
LL16 4RQ

Gittins & Co. Wealth Management Ltd (Registered number: 13112967)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,221,393 2,000,470
Tangible assets 5 62,335 63,847
2,283,728 2,064,317

CURRENT ASSETS
Debtors 6 818,763 797,173
Cash at bank 296,694 241,072
1,115,457 1,038,245
CREDITORS
Amounts falling due within one year 7 363,964 313,929
NET CURRENT ASSETS 751,493 724,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,035,221

2,788,633

CREDITORS
Amounts falling due after more than
one year

8

(1,364,058

)

(1,155,420

)

PROVISIONS FOR LIABILITIES 10 (15,583 ) (15,961 )
NET ASSETS 1,655,580 1,617,252

Gittins & Co. Wealth Management Ltd (Registered number: 13112967)

Balance Sheet - continued
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 676,176 676,176
Retained earnings 979,404 941,076
SHAREHOLDERS' FUNDS 1,655,580 1,617,252

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 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.

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 15 April 2025 and were signed on its behalf by:





B J Gittins - Director


Gittins & Co. Wealth Management Ltd (Registered number: 13112967)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Gittins & Co. Wealth Management 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.

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


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.

Significant judgements and estimates
In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant. Actual results may differ from these estimates.

The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Estimated useful lives and residual values of fixed assets
Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during current and prior accounting periods.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a 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.

Gittins & Co. Wealth Management Ltd (Registered number: 13112967)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.

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.

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.

Gittins & Co. Wealth Management Ltd (Registered number: 13112967)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024 2,221,531
Additions 340,513
At 31 March 2025 2,562,044
AMORTISATION
At 1 April 2024 221,061
Amortisation for year 119,590
At 31 March 2025 340,651
NET BOOK VALUE
At 31 March 2025 2,221,393
At 31 March 2024 2,000,470

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 71,550 17,571 89,121
Additions 10,577 4,712 15,289
At 31 March 2025 82,127 22,283 104,410
DEPRECIATION
At 1 April 2024 18,157 7,117 25,274
Charge for year 13,348 3,453 16,801
At 31 March 2025 31,505 10,570 42,075
NET BOOK VALUE
At 31 March 2025 50,622 11,713 62,335
At 31 March 2024 53,393 10,454 63,847

Gittins & Co. Wealth Management Ltd (Registered number: 13112967)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS
31.3.25 31.3.24
£    £   
Amounts falling due within one year:
Trade debtors 214,665 121,551
Other debtors 333 6,500
214,998 128,051

Amounts falling due after more than one year:
Amounts owed by group undertakings 603,765 669,122

Aggregate amounts 818,763 797,173

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other loans (see note 9) 119,595 85,543
Trade creditors 42,897 31,494
Tax 180,612 165,273
Social security and other taxes 14,160 12,434
Directors' current accounts 333 7
Accrued expenses 6,367 19,178
363,964 313,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Other loans (see note 9) 1,364,058 1,155,420

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 800,326 727,893

Gittins & Co. Wealth Management Ltd (Registered number: 13112967)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. LOANS

An analysis of the maturity of loans is given below:

31.3.25 31.3.24
£    £   
Amounts falling due within one year or on demand:
Other loans 119,595 85,543

Amounts falling due between one and two years:
Other loans - 1-2 years 127,387 93,336

Amounts falling due between two and five years:
Other loans - 2-5 years 436,345 334,191

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 800,326 727,893

10. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 15,583 15,961

Deferred
tax
£   
Balance at 1 April 2024 15,961
Movement in the year due to:
Changes in tax allowances (378 )
Changes in tax rates
Balance at 31 March 2025 15,583