Anderson Financial Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07990416 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ANDERSON FINANCIAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A D F Anderson

J C Anderson

REGISTERED OFFICE:

Saville Court

10-11 Saville Place

Bristol

BS8 4EJ

REGISTERED NUMBER:

07990416 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Intangible assets

4

700,254

1,141,796

Tangible assets

5

27,439

34,670

727,693

1,176,466

CURRENT ASSETS

Debtors

6

238,674

134,689

Cash at bank and in hand

161,496

42,486

400,170

177,175

CREDITORS

Amounts falling due within one year

7

392,505

402,494

NET CURRENT ASSETS/(LIABILITIES)

7,665

(225,319

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

735,358

951,147

CREDITORS

Amounts falling due after more than
one year

8

(710,934

)

(895,364

)

PROVISIONS FOR LIABILITIES

9

(6,860

)

(8,668

)

NET ASSETS

17,564

47,115

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

17,464

47,015

SHAREHOLDERS' FUNDS

17,564

47,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 October 2025 and were signed on its behalf by:

A D F Anderson - Director

1.	STATUTORY INFORMATION

Anderson Financial Management Limited 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 2012, is being amortised evenly over its estimated useful life of five years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, 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 cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

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 10 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

1,701,845

Disposals

(438,918

)

At 31 March 2025

1,262,927

AMORTISATION

At 1 April 2024

560,049

Charge for year

105,038

Eliminated on disposal

(102,414

)

At 31 March 2025

562,673

NET BOOK VALUE

At 31 March 2025

700,254

At 31 March 2024

1,141,796

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

16,849

95,300

22,470

134,619

Additions

-

4,694

At 31 March 2025

16,849

95,300

27,164

139,313

DEPRECIATION

At 1 April 2024

14,594

72,685

12,670

99,949

Charge for year

1,501

5,654

4,770

11,925

At 31 March 2025

16,095

78,339

17,440

111,874

NET BOOK VALUE

At 31 March 2025

754

16,961

9,724

27,439

At 31 March 2024

2,255

22,615

9,800

34,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

131,224

121,410

Other debtors

107,450

13,279

238,674

134,689

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,462

10,204

Taxation and social security

150,761

183,425

Other creditors

231,282

208,865

392,505

402,494

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.3.25

31.3.24

£

Bank loans

1,756

12,215

Other creditors

709,178

883,149

710,934

895,364

31.3.25

31.3.24

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

147,426

248,009

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

Accelerated capital allowances

6,860

8,668

Deferred

tax

£

Balance at 1 April 2024

8,668

Accelerated capital allowances

Reversal of timing differences

(1,808

)

Balance at 31 March 2025

6,860

10.	CALLED UP SHARE CAPITAL

Alloted, issued and fully
paid:

Number:

Class:

Nominal value:

31.3.25

31.3.24

35

A Ordinary

£1.00

35

15

B Ordinary

£1.00

15

C Ordinary

£1.00

15

35

D Ordinary

£1.00

35

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

A D F Anderson

Balance outstanding at start of year

(910

)

(667

)

Amounts advanced

552,520

461,440

Amounts repaid

(448,160

)

(461,683

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

103,450

(910

)

12.	RELATED PARTY DISCLOSURES

The directors maintain loan accounts with the company.

Unless otherwise stated, all transactions with related parties are conducted under normal market conditions.

13.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.