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REGISTERED NUMBER: 08245086 (Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ANDREW HUGHES WEALTH MANAGEMENT CYF

ANDREW HUGHES WEALTH MANAGEMENT CYF (REGISTERED NUMBER: 08245086)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


ANDREW HUGHES WEALTH MANAGEMENT CYF (REGISTERED NUMBER: 08245086)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 40,331 53,309
Tangible assets 5 20,525 24,918
Investments 6 79,282 36,144
140,138 114,371

CURRENT ASSETS
Debtors 7 112,028 80,927
Cash at bank 244,756 143,585
356,784 224,512
CREDITORS
Amounts falling due within one year 8 120,930 71,815
NET CURRENT ASSETS 235,854 152,697
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,992

267,068

CREDITORS
Amounts falling due after more than one
year

9

-

(35,812

)

PROVISIONS FOR LIABILITIES (5,131 ) (6,105 )
NET ASSETS 370,861 225,151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 370,761 225,051
SHAREHOLDERS' FUNDS 370,861 225,151

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 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.

ANDREW HUGHES WEALTH MANAGEMENT CYF (REGISTERED NUMBER: 08245086)

BALANCE SHEET - continued
31 MARCH 2025


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 director and authorised for issue on 28 July 2025 and were signed by:





I A Hughes - Director


ANDREW HUGHES WEALTH MANAGEMENT CYF (REGISTERED NUMBER: 08245086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Andrew Hughes Wealth Management Cyf is a private company, limited by shares , registered in Wales. The company's registered number and registered office address are as below:

Registered number: 08245086

Registered office: Glaslyn Ffordd Y Parc
Parc Menai
Bangor
Gwynedd
LL57 4FE

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross invoiced sales.

Goodwill
Goodwill, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.

ANDREW HUGHES WEALTH MANAGEMENT CYF (REGISTERED NUMBER: 08245086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

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.

Investments
Listed investments are stated at market value at the balance sheet date. Changes in market value are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 129,776
AMORTISATION
At 1 April 2024 76,467
Charge for year 12,978
At 31 March 2025 89,445
NET BOOK VALUE
At 31 March 2025 40,331
At 31 March 2024 53,309

ANDREW HUGHES WEALTH MANAGEMENT CYF (REGISTERED NUMBER: 08245086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 57,857
Additions 3,161
Disposals (6,538 )
At 31 March 2025 54,480
DEPRECIATION
At 1 April 2024 32,939
Charge for year 5,130
Eliminated on disposal (4,114 )
At 31 March 2025 33,955
NET BOOK VALUE
At 31 March 2025 20,525
At 31 March 2024 24,918

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2024 36,144
Additions 1,119
Revaluations 42,019
At 31 March 2025 79,282
NET BOOK VALUE
At 31 March 2025 79,282
At 31 March 2024 36,144


Fixed assets investments are all listed investments.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 108,589 69,580
Other debtors 3,439 11,347
112,028 80,927

ANDREW HUGHES WEALTH MANAGEMENT CYF (REGISTERED NUMBER: 08245086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 8,640
Taxation and social security 97,665 54,083
Other creditors 23,265 9,092
120,930 71,815

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 35,812

Amounts falling due in more than five years:

Repayable by instalments
BSP loan more 5 yr by instal - 1,252

10. DIRECTORS' ADVANCES, CREDITS AND GURANTEES

An amount of £3,439 was advanced to the Director as at 31 March 2025.