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REGISTERED NUMBER: 06127617 (England and Wales)















WEALTHWIDE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






WEALTHWIDE LIMITED (REGISTERED NUMBER: 06127617)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WEALTHWIDE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTOR: T Dickson





REGISTERED OFFICE: 3 Greenfield Crescent
Birmingham
B15 3BE





REGISTERED NUMBER: 06127617 (England and Wales)





ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

WEALTHWIDE LIMITED (REGISTERED NUMBER: 06127617)

BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 61,473 70,915
Tangible assets 5 56,339 11,658
117,812 82,573

CURRENT ASSETS
Debtors 6 102,343 75,976
Cash at bank and in hand 44,561 137,360
146,904 213,336
CREDITORS
Amounts falling due within one year 7 63,763 102,785
NET CURRENT ASSETS 83,141 110,551
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,953

193,124

CREDITORS
Amounts falling due after more than one
year

8

(12,686

)

-

PROVISIONS FOR LIABILITIES (14,085 ) (2,215 )
NET ASSETS 174,182 190,909

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 164,182 180,909
SHAREHOLDERS' FUNDS 174,182 190,909

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.

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 7 July 2025 and were signed by:




T Dickson - Director


WEALTHWIDE LIMITED (REGISTERED NUMBER: 06127617)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Wealthwide 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 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 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 25% on reducing balance

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

WEALTHWIDE LIMITED (REGISTERED NUMBER: 06127617)

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 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 169,419
AMORTISATION
At 1 January 2024 98,504
Charge for year 9,442
At 31 December 2024 107,946
NET BOOK VALUE
At 31 December 2024 61,473
At 31 December 2023 70,915

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 103,281
Additions 60,825
At 31 December 2024 164,106
DEPRECIATION
At 1 January 2024 91,623
Charge for year 16,144
At 31 December 2024 107,767
NET BOOK VALUE
At 31 December 2024 56,339
At 31 December 2023 11,658

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 44,592
At 31 December 2024 44,592
DEPRECIATION
Charge for year 6,503
At 31 December 2024 6,503
NET BOOK VALUE
At 31 December 2024 38,089

WEALTHWIDE LIMITED (REGISTERED NUMBER: 06127617)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 14,372 6,153
Other debtors 87,971 69,823
102,343 75,976

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Hire purchase contracts 10,473 -
Trade creditors 34,298 47,657
Taxation and social security 11,617 44,455
Other creditors 7,375 10,673
63,763 102,785

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Hire purchase contracts 12,686 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24 31/12/23
£    £   
T Dickson
Balance outstanding at start of year 1,877 (852 )
Amounts advanced 35,277 2,729
Amounts repaid (21,877 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,277 1,877