Accumulate Wealth Management (Kent) Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—7

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	Straight Line 5 year
Computer Equipment	Straight Line 5 Years

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

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Accumulate Wealth Management (Kent) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 5)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	-	-	8,439	17,223	25,662
Additions	1,213	54,775	-	2,572	58,560

As at 31 March 2025	1,213	54,775	8,439	19,795	84,222

...CONTINUED

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Accumulate Wealth Management (Kent) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	-	-	8,439	15,157	23,596
Provided during the period	243	10,955	-	1,332	12,530

As at 31 March 2025	243	10,955	8,439	16,489	36,126

Net Book Value
As at 31 March 2025	970	43,820	-	3,306	48,096

As at 1 April 2024	-	-	-	2,066	2,066

5. Investments

	Unlisted
	£
Cost
As at 1 April 2024	676,916
Fair value adjustments	36,210

As at 31 March 2025	713,126

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	713,126

As at 1 April 2024	676,916

Cost or valuation at 31 March 2024 is represented by:

	Unlisted
	Investments
	£
Valuation in 2020	(10,063)
Valuation in 2021	11,689
Valuation in 2022	49,644
Valuation in 2023	27,506
Valuation in 2024	3140
valuation in 2025	36210
Cost	595,000

	713,126

If fixed asset investment had not been revalued they would have been inclluded in the at the following historical cost:

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Accumulate Wealth Management (Kent) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

	31.03.25	31.03.24
Cost	£595,000	£595,000

Fixed asset investment was valued on an open market basis on 31 March 2025 by Prudential.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	50,633	42,957
Other debtors	100	1,298
Pension scheme prepayments	-	52

	50,733	44,307

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,357	-
Bank loans and overdrafts	-	14,060
Corporation tax	60,564	57,979
Other taxes and social security	-	1,826
Accruals and deferred income	7,186	5,000
Directors' loan accounts	3,376	2,155

	78,483	81,020

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	38,740	-

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,357	-
Later than one year and not later than five years	38,740	-

	46,097	-

	46,097	-

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Accumulate Wealth Management (Kent) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	41,555	19,659

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	19,659	19,659
Deferred taxation	21,896	21,896

Balance at 31 March 2025	41,555	41,555

12. Share Capital

	2025	2024
Allotted, called up but not fully paid	£	£
2 Ordinary Shares of £ 1.00 each	2	2

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		48,096		2,066
Investments	5		713,126		676,916

			761,222		678,982
CURRENT ASSETS
Debtors	6	50,733		44,307
Cash at bank and in hand		22,809		-

		73,542		44,307
Creditors: Amounts Falling Due Within One Year	7	(78,483 )		(81,020 )

NET CURRENT ASSETS (LIABILITIES)			(4,941 )		(36,713 )

TOTAL ASSETS LESS CURRENT LIABILITIES			756,281		642,269

Creditors: Amounts Falling Due After More Than One Year	8		(38,740 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(41,555 )		(19,659 )

NET ASSETS			675,986		622,610

CAPITAL AND RESERVES
Called up share capital	12		2		2
Income Statement			675,984		622,608

SHAREHOLDERS' FUNDS			675,986		622,610

Mr G Airey Director	Mrs T Airey Director
15/06/2025