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Company Registration No. 06261779 (England and Wales)
abacus Wealth Management Limited Unaudited accounts for the year ended 31 March 2025
abacus Wealth Management Limited Unaudited accounts Contents
Page
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abacus Wealth Management Limited Company Information for the year ended 31 March 2025
Directors
Mr Ian Roy White Mrs Julie Forster White
Company Number
06261779 (England and Wales)
Registered Office
3a Blue Sky Way Monkton Business Park South Hebburn NE31 2EQ United Kingdom
Accountants
Abacus Accounting (NE) Limited 3a Blue Sky Way Monkton Business Park South Hebburn Tyne and Wear NE31 2EQ
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abacus Wealth Management Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
135,254 
180,338 
Tangible assets
7,875 
7,598 
143,129 
187,936 
Current assets
Debtors
150,793 
143,025 
Cash at bank and in hand
39,372 
13,859 
190,165 
156,884 
Creditors: amounts falling due within one year
(141,320)
(161,771)
Net current assets/(liabilities)
48,845 
(4,887)
Total assets less current liabilities
191,974 
183,049 
Creditors: amounts falling due after more than one year
(156,720)
(129,034)
Net assets
35,254 
54,015 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
35,251 
54,012 
Shareholders' funds
35,254 
54,015 
For the year ending 31 March 2025 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 14 July 2025 and were signed on its behalf by
Mr Ian Roy White Director Company Registration No. 06261779
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abacus Wealth Management Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
abacus Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 06261779. The registered office is 3a Blue Sky Way, Monkton Business Park South, Hebburn, NE31 2EQ, United Kingdom.
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:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2024
450,842 
At 31 March 2025
450,842 
Amortisation
At 1 April 2024
270,504 
Charge for the year
45,084 
At 31 March 2025
315,588 
Net book value
At 31 March 2025
135,254 
At 31 March 2024
180,338 
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abacus Wealth Management Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
26,866 
14,937 
41,803 
Additions
- 
4,681 
4,681 
At 31 March 2025
26,866 
19,618 
46,484 
Depreciation
At 1 April 2024
26,866 
7,339 
34,205 
Charge for the year
- 
4,404 
4,404 
At 31 March 2025
26,866 
11,743 
38,609 
Net book value
At 31 March 2025
- 
7,875 
7,875 
At 31 March 2024
- 
7,598 
7,598 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
150,793 
143,025 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
42,563 
52,366 
Trade creditors
764 
6,000 
Taxes and social security
97,993 
103,405 
141,320 
161,771 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
156,720 
129,034 
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).
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