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REGISTERED NUMBER: 08915728 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VITTY ALEXANDER WEALTH MANAGEMENT LTD

VITTY ALEXANDER WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 08915728)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VITTY ALEXANDER WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: S A Vitty





REGISTERED OFFICE: The Old Bank
997 Abbeydale Road
Millhouses
Sheffield
South Yorkshire
S7 2QE





REGISTERED NUMBER: 08915728 (England and Wales)





ACCOUNTANTS: Jones Francis Limited
400-402 Richmond Road
Sheffield
South Yorkshire
S13 8LZ

VITTY ALEXANDER WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 08915728)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 832,790 1,045,417
Tangible assets 5 22,101 27,121
Investments 6 44,150 34,180
899,041 1,106,718

CURRENT ASSETS
Debtors 7 331,198 83,460
Cash at bank 722,831 490,473
1,054,029 573,933
CREDITORS
Amounts falling due within one year 8 408,454 334,488
NET CURRENT ASSETS 645,575 239,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,544,616

1,346,163

CREDITORS
Amounts falling due after more than
one year

9

(4,383

)

(14,771

)

PROVISIONS FOR LIABILITIES (16,374 ) (15,137 )
NET ASSETS 1,523,859 1,316,255

VITTY ALEXANDER WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 08915728)

BALANCE SHEET - continued
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 32,550 25,072
Retained earnings 1,491,209 1,291,083
SHAREHOLDERS' FUNDS 1,523,859 1,316,255

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 6 August 2025 and were signed by:





S A Vitty - Director


VITTY ALEXANDER WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 08915728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Vitty Alexander 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.

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 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 2018, 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.


VITTY ALEXANDER WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 08915728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 2,126,271
AMORTISATION
At 1 January 2024 1,080,854
Amortisation for year 212,627
At 31 December 2024 1,293,481
NET BOOK VALUE
At 31 December 2024 832,790
At 31 December 2023 1,045,417

VITTY ALEXANDER WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 08915728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 61,295 13,596 74,891
Additions 1,436 2,102 3,538
Disposals - (1,031 ) (1,031 )
At 31 December 2024 62,731 14,667 77,398
DEPRECIATION
At 1 January 2024 39,859 7,911 47,770
Charge for year 5,517 3,041 8,558
Eliminated on disposal - (1,031 ) (1,031 )
At 31 December 2024 45,376 9,921 55,297
NET BOOK VALUE
At 31 December 2024 17,355 4,746 22,101
At 31 December 2023 21,436 5,685 27,121

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 34,180
Revaluations 9,970
At 31 December 2024 44,150
NET BOOK VALUE
At 31 December 2024 44,150
At 31 December 2023 34,180

VITTY ALEXANDER WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 08915728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2019 57,450
Valuation in 2020 (1,550 )
Valuation in 2021 25,900
Valuation in 2022 (27,800 )
Valuation in 2023 (20,570 )
Valuation in 2024 9,970
Cost 750
44,150

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 77,942 72,877
Amounts owed by participating interests 10,114 10,114
Other debtors 243,142 469
331,198 83,460

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,398 10,141
Trade creditors 888 2,064
Taxation and social security 142,072 169,532
Other creditors 255,096 152,751
408,454 334,488

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,383 14,771

VITTY ALEXANDER WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 08915728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 26,000 23,000
Between one and five years 73,667 -
99,667 23,000

11. RESERVES
Fair
value
reserve
£   
At 1 January 2024 25,072
Fair value movement 7,478

At 31 December 2024 32,550

12. 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
£    £   
S A Vitty
Balance outstanding at start of year - -
Amounts advanced 242,666 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 242,666 -

13. ULTIMATE CONTROLLING PARTY

The controlling party is S A Vitty.