Bryant Associates Wealth Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14458263 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Bryant Associates Wealth Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T J Bryant

Mr S J Bryant

Mrs K A Bryant

Mr R N Cadman

SECRETARY:

Mrs G L Bryant

REGISTERED OFFICE:

21 Ridgeway

Coalpit Heath

Bristol

BS36 2PN

REGISTERED NUMBER:

14458263 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

4,961,290

5,152,109

Tangible assets

5

48,837

14,359

Investments

6

100

-

5,010,227

5,166,468

CURRENT ASSETS

Debtors

7

115,942

179,499

Cash at bank

66,881

6,514

182,823

186,013

CREDITORS

Amounts falling due within one year

8

533,092

1,087,760

NET CURRENT LIABILITIES

(350,269

)

(901,747

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,659,958

4,264,721

CREDITORS

Amounts falling due after more than one year

9

(1,565,279

)

(1,333,245

)

PROVISIONS FOR LIABILITIES

(12,209

)

(334

)

NET ASSETS

3,082,470

2,931,142

CAPITAL AND RESERVES

Called up share capital

10

10,000

Share premium

11

2,974,925

Retained earnings

11

97,545

(53,783

)

SHAREHOLDERS' FUNDS

3,082,470

2,931,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 29th September 2025 and were signed on its behalf by:

Mr S J Bryant - Director

1.	STATUTORY INFORMATION

Bryant Associates 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.

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 2023, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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.

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 8 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

5,519,902

Additions

219,033

Impairments

(134,833

)

At 31st December 2024

5,604,102

AMORTISATION

At 1st January 2024

367,793

Charge for year

275,019

At 31st December 2024

642,812

NET BOOK VALUE

At 31st December 2024

4,961,290

At 31st December 2023

5,152,109

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1st January 2024

-

15,695

Additions

35,696

5,672

9,051

50,419

At 31st December 2024

35,696

5,672

24,746

66,114

DEPRECIATION

At 1st January 2024

-

1,336

Charge for year

10,947

2,117

2,877

15,941

At 31st December 2024

10,947

2,117

4,213

17,277

NET BOOK VALUE

At 31st December 2024

24,749

3,555

20,533

48,837

At 31st December 2023

-

14,359

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31st December 2024

100

NET BOOK VALUE

At 31st December 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

-

250

Directors' current accounts

-

77,943

Accrued income

115,301

100,191

Prepayments

641

1,115

115,942

179,499

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other loans

160,000

Tax

226,182

104,354

Social security and other taxes

12,666

8,107

Other creditors

19,010

421,419

Directors' current accounts

111,701

390,880

Accrued expenses

3,533

3,000

533,092

1,087,760

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Other loans - 1-2 years

160,000

Other loans - 2-5 years

480,000

Other loans more 5yrs instal

925,279

693,245

1,565,279

1,333,245

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

925,279

693,245

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

2,000

A Ordinary

£1

2,000

B Ordinary

£1

2,000

2,166

C Ordinary

£1

2,166

500

D Ordinary

£1

500

1,667

E Ordinary

£1

1,667

F Ordinary

£1

1,667

10,000

11.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1st January 2024

(53,783

)

2,974,925

2,921,142

Profit for the year

286,376

Dividends

(135,048

)

(135,048

)

At 31st December 2024

97,545

2,974,925

3,072,470

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st December 2024 and the period ended 31st December 2023:

31.12.24

31.12.23

£

Mr R N Cadman

Balance outstanding at start of year

77,943

-

Amounts advanced

57,105

77,943

Amounts repaid

(135,048

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

77,943