Company registration number 10165457 (England and Wales)
ANNEIS FINANCIAL ADVICE LIMITED
Unaudited Financial Statements
for the Year Ended 31 March 2025
ANNEIS FINANCIAL ADVICE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,800
3,600
Tangible assets
4
3,665
3,750
5,465
7,350
Current assets
Debtors
5
24,623
29,862
Cash at bank and in hand
1,811
4,797
26,434
34,659
Creditors: amounts falling due within one year
6
(18,301)
(27,065)
Net current assets
8,133
7,594
Total assets less current liabilities
13,598
14,944
Creditors: amounts falling due after more than one year
7
(9,259)
(11,480)
Provisions for liabilities
(695)
(712)
Net assets
3,644
2,752
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
3,643
2,751
Total equity
3,644
2,752

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ANNEIS FINANCIAL ADVICE LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 25 October 2025
Mrs H Roberts
Director
Company registration number 10165457 (England and Wales)
ANNEIS FINANCIAL ADVICE LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
- 3 -
1
Accounting policies
Company information

Anneis Financial Advice Limited is a private company limited by shares incorporated in England and Wales. The registered office is 74 St Martins Road, Caerphilly, CF83 1EN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises Turnover when:

The amount of Turnover can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
15% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ANNEIS FINANCIAL ADVICE LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
1
Accounting policies
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

1.8
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

ANNEIS FINANCIAL ADVICE LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
1
Accounting policies
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
18,000
Amortisation and impairment
At 1 April 2024
14,400
Amortisation charged for the year
1,800
At 31 March 2025
16,200
Carrying amount
At 31 March 2025
1,800
At 31 March 2024
3,600
ANNEIS FINANCIAL ADVICE LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
- 6 -
4
Tangible fixed assets
Computers
£
Cost
At 1 April 2024
6,074
Additions
502
At 31 March 2025
6,576
Depreciation and impairment
At 1 April 2024
2,323
Depreciation charged in the year
588
At 31 March 2025
2,911
Carrying amount
At 31 March 2025
3,665
At 31 March 2024
3,750
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,734
10,899
Other debtors
15,889
18,963
24,623
29,862
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
2,222
2,222
Trade creditors
-
0
1,483
Taxation and social security
11,370
10,221
Other creditors
4,709
13,139
18,301
27,065
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
9,259
11,480
ANNEIS FINANCIAL ADVICE LIMITED
Notes to the Financial Statements
For the Year Ended 31 March 2025
- 7 -
8
Loans and overdrafts
2025
2024
£
£
Bank loans
11,481
13,702
Payable within one year
2,222
2,222
Payable after one year
9,259
11,480

Barclays Bounce Back Loan is denominated in GBP with a nominal interest rate of initial 12 month interest free period followed by 2.5%, and the final instalment is due on 31 May 2030. The carrying amount at year end is £11,481 (2024 - £13,702).

This loan is unsecured.

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