1 January 2024 false No description of principal activity Taxfiler 2024.6 14557400business:PrivateLimitedCompanyLtd2024-01-012024-12-31 145574002023-12-31 145574002024-01-012024-12-31 14557400business:AuditExemptWithAccountantsReport2024-01-012024-12-31 14557400business:FilletedAccounts2024-01-012024-12-31 145574002024-12-31 14557400business:Director12024-01-012024-12-31 14557400business:Director22024-01-012024-12-31 14557400business:Director32024-01-012024-12-31 14557400business:RegisteredOffice2024-01-012024-12-31 145574002023-12-31 14557400core:WithinOneYear2024-12-31 14557400core:WithinOneYear2023-12-31 14557400core:AfterOneYear2024-12-31 14557400core:AfterOneYear2023-12-31 14557400core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 14557400core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14557400core:SharePremiumcore:PreviouslyStatedAmount2024-12-31 14557400core:SharePremiumcore:PreviouslyStatedAmount2023-12-31 14557400core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 14557400core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14557400core:PreviouslyStatedAmount2024-12-31 14557400core:PreviouslyStatedAmount2023-12-31 14557400business:SmallEntities2024-01-012024-12-31 14557400countries:EnglandWales2024-01-012024-12-31 14557400core:ComputerEquipment2024-01-012024-12-31 14557400core:ComputerEquipment2023-12-31 14557400core:ComputerEquipment2024-12-31 14557400business:OrdinaryShareClass12024-01-012024-12-31 14557400business:OrdinaryShareClass12023-01-012023-12-31 145574002023-01-012023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14557400 (England and Wales)
PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD Unaudited accounts for the year ended 31 December 2024
PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD Unaudited accounts Contents
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PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD Company Information for the year ended 31 December 2024
Directors
Neil Messenger Nigel Michael Lane Peter Loughridge
Company Number
14557400 (England and Wales)
Registered Office
Office 17 Middletons Yard Potter Street Worksop Nottinghamshire S80 2FT England
Accountants
EJM Accountants Limited Office 17, Middletons Yard Potter Street WORKSOP Nottinghamshire S80 2FT
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PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD Accountants' report
Accountants' report to the board of directors of PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 December 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
EJM Accountants Limited Office 17, Middletons Yard Potter Street WORKSOP Nottinghamshire S80 2FT 18 March 2025
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PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,093 
1,880 
Current assets
Debtors
- 
101 
Cash at bank and in hand
61,070 
226,140 
61,070 
226,241 
Creditors: amounts falling due within one year
(82,817)
(15)
Net current (liabilities)/assets
(21,747)
226,226 
Total assets less current liabilities
(18,654)
228,106 
Creditors: amounts falling due after more than one year
(105,338)
- 
Net (liabilities)/assets
(123,992)
228,106 
Capital and reserves
Called up share capital
100 
100 
Share premium
499,985 
499,985 
Profit and loss account
(624,077)
(271,979)
Shareholders' funds
(123,992)
228,106 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by
Neil Messenger Director Company Registration No. 14557400
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PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD is a private company, limited by shares, registered in England and Wales, registration number 14557400. The registered office is Office 17, Middletons Yard, Potter Street, Worksop, Nottinghamshire, S80 2FT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15 % reducing balancing
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
2,212 
Additions
1,768 
At 31 December 2024
3,980 
Depreciation
At 1 January 2024
332 
Charge for the year
555 
At 31 December 2024
887 
Net book value
At 31 December 2024
3,093 
At 31 December 2023
1,880 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
101 
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PROFESSIONAL INDEPENDENT WEALTH ADVICE LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
14,246 
- 
Loans from directors
40,915 
15 
Accruals
27,656 
- 
82,817 
15 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
338 
- 
Loans from directors
105,000 
- 
105,338 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Capital contribution reserve
Capital Contribution Reserve and Share Premium During the period, adjustments were made to accurately reflect the share capital structure and shareholder contributions. A shareholder, Nigel, subscribed to 1,500 ordinary shares with a nominal value of £0.01 each, amounting to a total nominal value of £15. The total consideration received for these shares was £500,000. The following entries were made to reflect the transaction: £15 was credited to the Directors’ Loan Account and debited from Shareholder Contributions, representing the nominal share capital. A Share Premium Account was created, and £499,985 was transferred from Shareholder Contributions to Share Premium, representing the excess over nominal value paid by the shareholder. The Shareholder Contributions account, originally used to record the full amount received, now shows a nil balance after these allocations. As a result of these transactions, a Capital Contribution Reserve is recognised to reflect the nature of the funds received from the shareholder, including the share premium. This reserve represents amounts contributed by shareholders in excess of the nominal value of shares issued and is not distributable. These adjustments and reclassifications have been consistently applied across both financial years to ensure the proper presentation of equity in the accounts.
10
Average number of employees
During the year the average number of employees was 13 (2023: 6).
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