Vinco Wealth Management Ltd Company accounts

COMPANY REGISTRATION NUMBER: 08692727

Vinco Wealth Management Ltd

Financial statements

31 January 2025

Vinco Wealth Management Ltd

Financial statements

Year ended 31 January 2025

Contents	Page

Strategic report	1

Director's report	3

Independent auditor's report to the members	5

Statement of income and retained earnings	9

Statement of financial position	10

Statement of cash flows	11

Notes to the financial statements	12

Vinco Wealth Management Ltd

Strategic report

Year ended 31 January 2025

Business Review The results of the year ended and financial position of the company are shown of pages 9 to 17. The key themes of the previous financial year continued into the most recent period, with geopolitical risks escalating and the associated impact on inflation, interest rates and economic recovery dominating the markets. Following the conflict in Ukraine which threatened to destabilise the post-Covid recovery, renewed conflict in the Middle East from October 2023 has further unsettled the global picture. Central banks have been combatting inflation with monetary policy, with key rates in major economies returning to pre-global financial crisis levels for the first time in 15 years. Although the inflation cycle does appear to be turning, and much risk remains to global economic stability, asset markets have weathered the storm relatively well, with equity prices avoiding major corrections, and heading close to all-time highs as the financial period closed. While the outlook still contains uncertainty, the nature of markets is to look beyond the current situation, so cautious optimism is beginning to be be evident as inflation is finally tamed, and conflicts hopefully resolved. Results and performance Markets remained fairly resilient to the geopolitical and economic disturbances, although this calmness led to reduced volatility and therefore some reduction in trading opportunities for more active clients. However, many clients working on various platforms have continued to trade actively as before, strengthening the belief that longer-term optimism remains and the prospects for financial performance in the coming period are solid. Principal Risks and Uncertainties Geopolitical risks continue to be among the headlines, with the Middle East conflict ongoing and the risk of escalation still present. The Ukraine conflict is also ongoing, although now some two years in the markets have largely adapted, with energy prices less elevated and the perception of the conflict spreading has reduced. Domestically, the efforts to tackle inflation with higher interest rates do appear to have been working, although the negative impact on the economy is still to be fully understood. While inflation has fallen, this has not happened as quickly as may have been hoped (with risks of new inflation remaining while energy security is at risk). In the latter months of the period, the UK economy did contract, leading to recessionary fears, so as the UK and US head into election years, the balancing act between aggressive inflation management and economic convalescence remains a delicate one for policy makers. With one platform migration complete and another ongoing, the firm is working on returning to operational stability, so some risks of business disruption persist until these projects are completed. The company is regulated by the Financial Conduct Authority and therefore subject to a minimum capital requirement. Section 172(1) statement This section of the financial statements includes the Director's considerations and activities in discharging their duties under s172(1) of the Companies Act 2006, in promoting the success of the Company for the benefit of members as a whole. Along with the information provided in the Strategic Report, the reports include considerations of the likely consequences of the decisions of the Director in the longer term and how the Director has taken wider stakeholders needs into account. Engagement with suppliers, customers and other relationships Delivering our strategy requires strong mutually beneficial relationships with our product providers, clients and other operational partners. Vinco only enters into relationships with partners and providers, who are aligned with our principles and will complement our focus on our clients. As a regulated business providing direct-to-customer services, it is vital for Vinco to prioritise client outcomes above all else, and this continues to be our mission up to and beyond the latest iteration of market regulations, in the form of the new Consumer Duty rules. We will continue to evolve and improve our own processes and principles to ensure we are at the forefront of market practice. Over the longer term, and notwithstanding market cycles, our focus on being a specialised, expert advisory firm in our chosen product areas and markets, will underpin the growth and success of the firm for all our members and clients alike.

This report was approved by the board of directors on 28 October 2025 and signed on behalf of the board by:

M Vincent
Director

Registered office:

The Studio

1 Canons Lane

Burgh Heath

Surrey

KT20 6DP

Vinco Wealth Management Ltd

Director's report

Year ended 31 January 2025

The director presents his report and the financial statements of the company for the year ended 31 January 2025 .

Principal activities

The principal activity of the company during the year was of wealth management.

Director

The director who served the company during the year was as follows:

M Vincent

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Greenhouse gas emissions and energy consumption

	Unit	2025	2024
Total energy consumption	kWh	40,000	40,000
		--------	--------

Methodologies for energy and emissions calculations

We have followed the 2019 HM Government Environmental Reporting Guidelines. We have also used the GHG Reporting Protocol – Corporate Standard and have used the 2022 UK Government's Conversion Factors for Company Reporting.

Information not included

The company consumed 40,000kWh of energy or less in the UK during the period.

Director's responsibilities statement

The director is responsible for preparing the strategic report, director's report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the director is required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 28 October 2025 and signed on behalf of the board by:

M Vincent
Director

Registered office:

The Studio

1 Canons Lane

Burgh Heath

Surrey

KT20 6DP

Vinco Wealth Management Ltd

Independent auditor's report to the members of Vinco Wealth Management Ltd

Year ended 31 January 2025

Opinion

We have audited the financial statements of Vinco Wealth Management Ltd (the 'company') for the year ended 31 January 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the director's report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the director's report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of director's remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the director's responsibilities statement, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to the applicable Generally Accepted Accounting Practices, tax compliance legislation, the regulations related to buildings access safety, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to: firstly, the posting of journal entries to manipulate financial results and secondly, management bias in accounting estimates such as long-term contract accounting and associated provisions. Audit procedures performed by the engagement team included: — Discussions throughout the year with management and staff, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud and safety matters; — Challenging assumptions and judgements made by management in determining significant accounting estimates (because of the risk of management bias), in particular in relation to long-term contract accounting and associated provisions; — Understanding and evaluating changes in processes and controls as a result of the COVID-19 pandemic; — Identifying and testing unusual journal entries, in particular journal entries posted with unusual account combinations. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the director. - Conclude on the appropriateness of the director's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report

This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

David Earwicker FCA

(Senior Statutory Auditor)

For and on behalf of

Brooks Carling Accountants Limited

Reporting accountants & statutory auditor

The Studio

1 Canons Lane

Burgh Heath

Surrey

KT20 6DP

28 October 2025

Vinco Wealth Management Ltd

Statement of income and retained earnings

Year ended 31 January 2025

		2025	2024
Note		£	£
Turnover	4	1,722,204	1,087,220

Cost of sales	1,365,586	848,755
	------------	------------
Gross profit	356,618	238,465

Administrative expenses		252,274	269,957
		---------	---------
Operating profit/(loss)	5	104,344	( 31,492)

Other interest receivable and similar income	9	989	930
Interest payable and similar expenses	10	–	134
		---------	---------
Profit/(loss) before taxation		105,333	( 30,696)

Tax on profit/(loss)	11	24,434	–
		---------	--------
Profit/(loss) for the financial year and total comprehensive income		80,899	( 30,696)
		---------	--------

Dividends paid and payable	12	( 63,525)	( 20,900)

Retained earnings at the start of the year	60,914	112,510
	--------	---------
Retained earnings at the end of the year	78,288	60,914
	--------	---------

All the activities of the company are from continuing operations.

Vinco Wealth Management Ltd

Statement of financial position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	13		484	645

Current assets

Debtors	14	108,044	130,836
Cash at bank and in hand		143,654	102,553
		---------	---------
		251,698	233,389

Creditors: amounts falling due within one year	15	127,994		127,220
		---------		---------
Net current assets			123,704	106,169
			---------	---------
Total assets less current liabilities			124,188	106,814
			---------	---------
Net assets			124,188	106,814
			---------	---------

Capital and reserves

Called up share capital	16	1,100	1,100
Share premium account	17	44,800	44,800
Profit and loss account	17	78,288	60,914
		---------	---------
Shareholders funds		124,188	106,814
		---------	---------

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

M Vincent
Director

Company registration number: 08692727

Vinco Wealth Management Ltd

Statement of cash flows

Year ended 31 January 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit/(loss) for the financial year	80,899	( 30,696)

Adjustments for:
Depreciation of tangible assets	161	215
Other interest receivable and similar income	( 989)	( 930)
Interest payable and similar expenses	–	134
Tax on profit/(loss)	24,434	–
Accrued expenses	810	–

Changes in:
Trade and other debtors	22,792	( 512)
Trade and other creditors	( 24,470)	19,162
	---------	--------
Cash generated from operations	103,637	( 12,627)

Interest paid	–	( 134)
Interest received	989	930
Tax paid	–	( 15,793)
	---------	--------
Net cash from/(used in) operating activities	104,626	( 27,624)
	---------	--------

Cash flows from financing activities

Dividends paid	( 63,525)	( 20,900)
	---------	--------
Net cash used in financing activities	( 63,525)	( 20,900)
	---------	--------

Net increase/(decrease) in cash and cash equivalents	41,101	( 48,524)
Cash and cash equivalents at beginning of year	102,553	151,077
	---------	---------
Cash and cash equivalents at end of year	143,654	102,553
	---------	---------

Vinco Wealth Management Ltd

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Studio, 1 Canons Lane, Burgh Heath, Surrey, KT20 6DP.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	1,722,204	1,087,220
	------------	------------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit/(loss)

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	161	215
Operating lease rentals	13,913	13,699
	--------	--------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	4,000	3,500
	-------	-------

Fees payable to the company's auditor and its associates for other services:

Other non-audit services	5,318	3,730
	-------	-------

7. Staff costs

The average number of persons employed by the company during the year, including the director, amounted to:

	2025	2024
	No.	No.
Management staff	1	1
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	145,781	150,825
Social security costs	19,798	20,745
	---------	---------
	165,579	171,570
	---------	---------

8. Director's remuneration

The director's aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	165,580	171,570
	---------	---------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	1	1
	----	----

9. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	989	889
Other interest receivable and similar income	–	41
	----	----
	989	930
	----	----

10. Interest payable and similar expenses

	2025	2024
	£	£
Other interest payable and similar charges	–	134
	----	----

11. Tax on profit/(loss)

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	24,434	–
	--------	----
Tax on profit/(loss)	24,434	–
	--------	----

Reconciliation of tax expense

The tax assessed on the profit/(loss) on ordinary activities for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 19 %).

	2025	2024
	£	£
Profit/(loss) on ordinary activities before taxation	105,333	( 30,696)
	---------	--------
Profit/(loss) on ordinary activities by rate of tax	26,589	( 5,832)
Adjustment to tax charge in respect of prior periods	–	5,335
Effect of expenses not deductible for tax purposes	256	538
Effect of capital allowances and depreciation	–	( 41)
Adjustment due to change in tax rate	( 2,411)	–
	---------	--------
Tax on profit/(loss)	24,434	–
	---------	--------

12. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	63,525	20,900
	--------	--------

13. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 February 2024 and 31 January 2025	3,757	3,757
	-------	-------
Depreciation
At 1 February 2024	3,112	3,112
Charge for the year	161	161
	-------	-------
At 31 January 2025	3,273	3,273
	-------	-------
Carrying amount
At 31 January 2025	484	484
	-------	-------
At 31 January 2024	645	645
	-------	-------

14. Debtors

	2025	2024
	£	£
Trade debtors	101,755	124,317
Prepayments and accrued income	6,289	6,478
Corporation tax repayable	–	41
	---------	---------
	108,044	130,836
	---------	---------

15. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	85,399	113,511
Accruals and deferred income	5,400	4,590
Corporation tax	24,434	–
Social security and other taxes	12,761	9,119
	---------	---------
	127,994	127,220
	---------	---------

16. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,100	1,100	1,100	1,100
	-------	-------	-------	-------

The shares have attached to them full voting, dividend and capital distribution (including on winding up) rights. They do not confer any rights of redemption.

17. Reserves

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Profit and loss account - This reserve records retained earnings and accumulated losses.

18. Related party transactions

During the period, subcontract fees of £246,055 (2023 £322,633) and £43,200 (2023 £40,800), were incurred from Times Capital Wealth Management Ltd and Perry Hill Consulting Ltd. The transactions were conducted at arms length. Times Capital Wealth Management Ltd is a shareholder of Vinco Wealth Management Ltd and J Smith is a director and shareholder of both Perry Hill Consulting Ltd and Vinco Wealth Management Ltd . Times Capital Wealth Management Ltd also received a dividend of £2,0171 (2023 £9,047), from the company during the year.

19. Controlling party

The company was under the control of Mr M Vincent throughout the current period. Mr M Vincent is the managing director and majority shareholder.