REGISTERED NUMBER: 07232515 (England and Wales)

Leo Alexander Wealth & Financial

Management Limited

Financial Statements

For The Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M E L Warburton

REGISTERED OFFICE:

Unit 6

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

REGISTERED NUMBER:

07232515 (England and Wales)

AUDITORS:

Nuvo Audit Limited

Statutory Auditor

First Floor, Sterling House

Outrams Wharf

Little Eaton

Derby

DE21 5EL

FIXED ASSETS

Tangible assets

4

96,963

110,136

Investments

5

100,500

-

197,463

110,136

CURRENT ASSETS

Debtors

6

2,507,462

2,257,169

Cash at bank and in hand

278,532

284,575

2,785,994

2,541,744

CREDITORS

Amounts falling due within one year

7

376,348

310,500

NET CURRENT ASSETS

2,409,646

2,231,244

TOTAL ASSETS LESS CURRENT LIABILITIES

2,607,109

2,341,380

PROVISIONS FOR LIABILITIES

8

15,247

17,020

NET ASSETS

2,591,862

2,324,360

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

10

2,591,852

2,324,350

SHAREHOLDERS' FUNDS

2,591,862

2,324,360

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 director and authorised for issue on 12 December 2025 and were signed by:

M E L Warburton - Director

1.	STATUTORY INFORMATION

Leo Alexander Wealth & 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The director has considered the appropriateness of the going concern basis of the preparation of the financial statements by considering a period of at least 12 months from the date of approval of these financial statements. The Director is of the opinion that there are adequate resources available to continue trading for a period of at least 12 months.

Turnover

Turnover represents fees and commissions receivable for the period. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

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

Tenanted property improvements

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Investments in associates

Unlisted investments are measured at cost less accumulated impairment. At each reporting period financial assets are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the determined recoverable value of the asset.

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.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Operating leases

Payments (excluding costs for services and insurance) made under operating leases are recognised in the profit and loss account on a straight-line basis over the term of the lease, unless the payments to the lessor are structured to increase in line with expected general inflation; in which case the payments related to the structured increases are recognised as incurred. Lease incentives received are recognised in the profit and less over the term of the lease as an integral part of the total lease expense.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Tenanted

Fixtures

property

and

Motor

improvements

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

130,437

64,973

79,900

275,310

Additions

6,572

2,628

-

9,200

At 31 August 2025

137,009

67,601

79,900

284,510

DEPRECIATION

At 1 September 2024

74,949

42,506

47,719

165,174

Charge for year

11,206

4,731

6,436

22,373

At 31 August 2025

86,155

47,237

54,155

187,547

NET BOOK VALUE

At 31 August 2025

50,854

20,364

25,745

96,963

At 31 August 2024

55,488

22,467

32,181

110,136

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

Additions

100,500

At 31 August 2025

100,500

NET BOOK VALUE

At 31 August 2025

100,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

139,391

169,537

Other debtors

572,822

479,112

Directors' current accounts

1,752,466

1,572,327

Prepayments and accrued income

42,783

36,193

2,507,462

2,257,169

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

-

12,562

Trade creditors

44,392

26,888

Tax

169,153

106,289

Social security and other taxes

86,998

89,933

Other creditors

4,405

3,408

Accruals and deferred income

71,400

71,420

376,348

310,500

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax:

Accelerated capital allowances

15,247

17,020

15,247

17,020

Deferred

tax

£

Balance at 1 September 2024

17,020

Provided during year

(1,773

)

Balance at 31 August 2025

15,247

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

"A" ordinary

£1

10

10

10.

RESERVES

Retained

earnings

£

At 1 September 2024

2,324,350

Profit for the year

268,502

Dividends

(1,000

)

At 31 August 2025

2,591,852

Retained earnings includes current and prior period retained profits and losses and is distributable,

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Daniel Johnson FCCA (Senior Statutory Auditor)

for and on behalf of Nuvo Audit Limited

12.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future operating lease commitments amounting to £Nil (2024: £18,990).

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

M E L Warburton

Balance outstanding at start of year

1,572,328

1,361,528

Amounts advanced

238,720

238,521

Amounts repaid

(58,582

)

(27,721

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,752,466

1,572,328

The above balance is a joint loan with Mrs L J Warburton. The loan is interest free and has no specific repayment terms.

14.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £12,645 (2024 - £13,057). Contributions totalling £1,471 (2024 - £501) were payable to the fund at the balance sheet date and are included ,in creditors.