AMG Wealth Management Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 13430983

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		5,017,710		5,124,226
Tangible Assets	5		115,402		134,828
Investments	6		100		100

			5,133,212		5,259,154
CURRENT ASSETS
Debtors	7	151,208		124,333
Cash at bank and in hand		555,700		814,498

		706,908		938,831
Creditors: Amounts Falling Due Within One Year	8	(718,744 )		(1,020,148 )

NET CURRENT ASSETS (LIABILITIES)			(11,836 )		(81,317 )

TOTAL ASSETS LESS CURRENT LIABILITIES			5,121,376		5,177,837

Creditors: Amounts Falling Due After More Than One Year	9		(1,125,520 )		(1,319,765 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(27,515 )		(33,336 )

NET ASSETS			3,968,341		3,824,736

CAPITAL AND RESERVES
Called up share capital	11		200		200
Share premium account			3,210,877		3,210,877
Profit and Loss Account			757,264		613,659

SHAREHOLDERS' FUNDS			3,968,341		3,824,736

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AMG Wealth Management Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr G S Hans Director	Mr P Basterfield Director
29 September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

AMG Wealth Management Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13430983 . The registered office is 120 Park Farm Drive, Allestree, Derby, DE22 2QP.

2. Accounting Policies

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. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Externally acquired goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account at a rate of 2% per annum.

Internally generated goodwill is not recognised in these accounts as is normal practice.

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	25% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	20% reducing balance

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 profit and loss account 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 profit and loss account as incurred.

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AMG Wealth Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 11)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	5,325,798

As at 31 December 2024	5,325,798

Amortisation
As at 1 January 2024	201,572
Provided during the period	106,516

As at 31 December 2024	308,088

Net Book Value
As at 31 December 2024	5,017,710

As at 1 January 2024	5,124,226

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2024	70,912	119,641	21,513	212,066
Additions	4,570	-	-	4,570

As at 31 December 2024	75,482	119,641	21,513	216,636

Depreciation
As at 1 January 2024	56,429	6,187	14,622	77,238
Provided during the period	7,770	14,848	1,378	23,996

As at 31 December 2024	64,199	21,035	16,000	101,234

Net Book Value
As at 31 December 2024	11,283	98,606	5,513	115,402

As at 1 January 2024	14,483	113,454	6,891	134,828

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AMG Wealth Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Other
	£
Cost
As at 1 January 2024	100

As at 31 December 2024	100

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	100

As at 1 January 2024	100

7. Debtors

	2024	2023 as restated
	£	£
Due within one year
Trade debtors	110,772	124,333
Prepayments and accrued income	4,375	-
Directors' loan accounts	36,061	-

	151,208	124,333

8. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	15,164	15,164
Bank loans and overdrafts	179,089	179,092
Corporation tax	181,653	149,776
Other taxes and social security	6,265	4,903
Other creditors	2,652	10,454
Accruals and deferred income	-	8,267
Directors' loan accounts	333,921	652,492

	718,744	1,020,148

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

	2024	2023 as restated
	£	£
Net obligations under finance lease and hire purchase contracts	81,731	96,895
Bank loans	1,043,789	1,222,870

	1,125,520	1,319,765

Of the creditors falling due after more than one year the following amounts are due after more than five years.

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AMG Wealth Management Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

	2024		2023 as restated
	£		£
Bank loans	148,344		327,415

10. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023 as restated
	£		£
Net obligations under finance lease and hire purchase contracts	96,895		112,059

11. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	200	200

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Philip Basterfield	-	18,031	-	-	18,031
Mrs Karina Basterfield	-	18,030	-	-	18,030

The above loan is unsecured, interest free and repayable on demand.

13. Prior period adjustment

The previous period has been restated to include a loan balance which had been omitted. The comparative profit and loss and balance sheet has therefore been restated resulting in retained earnings carried forward in the comparative period increasing by £23,684. Overall the net assets of the company have decreased by £23,684.

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