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REGISTERED NUMBER: 06678128 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2023 to 30 November 2024

for

Solutions Wealth Management Ltd

Solutions Wealth Management Ltd (Registered number: 06678128)






Contents of the Financial Statements
for the Period 1 September 2023 to 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Solutions Wealth Management Ltd

Company Information
for the Period 1 September 2023 to 30 November 2024







DIRECTORS: Mr G Collinson
Mrs V Collinson





REGISTERED OFFICE: 9 Halegrove Court
Cygnet Drive
Stockton On Tees
Cleveland
TS18 3DB





REGISTERED NUMBER: 06678128 (England and Wales)





ACCOUNTANTS: Milner Smeaton
Chartered Accountants and Chartered Tax Advisers
Viking House
Falcon Court
Preston Farm
Stockton-on-Tees
TS18 3TS

Solutions Wealth Management Ltd (Registered number: 06678128)

Balance Sheet
30 November 2024

30.11.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 140,516 100,037
140,516 100,037

CURRENT ASSETS
Debtors 6 252,271 251,478
Investments 7 103,265 89,295
Cash at bank 76,231 105,580
431,767 446,353
CREDITORS
Amounts falling due within one year 8 142,414 154,686
NET CURRENT ASSETS 289,353 291,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

429,869

391,704

CREDITORS
Amounts falling due after more than one year 9 (103,853 ) (32,494 )

PROVISIONS FOR LIABILITIES (14,561 ) -
NET ASSETS 311,455 359,210

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 3,485 -
Retained earnings 307,870 359,110
SHAREHOLDERS' FUNDS 311,455 359,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Solutions Wealth Management Ltd (Registered number: 06678128)

Balance Sheet - continued
30 November 2024


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 Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:





Mr G Collinson - Director


Solutions Wealth Management Ltd (Registered number: 06678128)

Notes to the Financial Statements
for the Period 1 September 2023 to 30 November 2024

1. STATUTORY INFORMATION

Solutions 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.

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 the fees and commissions receivable from policies incepted during the year.

Turnover is attributable to the principal activity of the company which was carried out wholly in the United Kingdom.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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 reducing balance and 25% on cost

Taxation
Taxation for the period 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 period 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.

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.

Solutions Wealth Management Ltd (Registered number: 06678128)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 November 2024

2. ACCOUNTING POLICIES - continued

Listed investments
Listed investments are shown at the market valuation. Any aggregate surplus or deficit arising from the changes in market value are transferred to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 30 November 2024 62,000
AMORTISATION
At 1 September 2023
and 30 November 2024 62,000
NET BOOK VALUE
At 30 November 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 139,082
Additions 151,426
Disposals (115,530 )
At 30 November 2024 174,978
DEPRECIATION
At 1 September 2023 39,045
Charge for period 24,193
Eliminated on disposal (28,776 )
At 30 November 2024 34,462
NET BOOK VALUE
At 30 November 2024 140,516
At 31 August 2023 100,037

Solutions Wealth Management Ltd (Registered number: 06678128)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 November 2024

5. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 September 2023 112,599
Additions 149,250
Disposals (112,599 )
At 30 November 2024 149,250
DEPRECIATION
At 1 September 2023 22,688
Charge for period 19,149
Eliminated on disposal (26,385 )
At 30 November 2024 15,452
NET BOOK VALUE
At 30 November 2024 133,798
At 31 August 2023 89,911

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 31.8.23
£    £   
Other debtors 252,271 251,478

7. CURRENT ASSET INVESTMENTS
30.11.24 31.8.23
£    £   
Listed investments 103,265 89,295

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 15,466 59,602
Trade creditors 575 850
Taxation and social security 112,633 80,925
Other creditors 3,740 3,309
142,414 154,686

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 31.8.23
£    £   
Bank loans 5,000 17,500
Hire purchase contracts 98,853 14,994
103,853 32,494

Solutions Wealth Management Ltd (Registered number: 06678128)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 November 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 31.8.23
£    £   
Hire purchase contracts 114,319 74,596

Hire purchase contracts are secured against the assets to which they relate.

11. RESERVES
Fair
value
reserve
£   
Reserve transfer 3,485

At 30 November 2024 3,485

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the period the director repaid to the company £8,877 (2023 advanced: £18,203).