Simon Jones Wealth Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07705442 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SIMON JONES WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Jones

REGISTERED OFFICE:

Tilia Barn Standish Lane

Standish Lane

Gloucester

GL2 7LZ

REGISTERED NUMBER:

07705442 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Intangible assets

4

1,216,612

1,193,613

Tangible assets

5

-

383

1,216,612

1,193,996

CURRENT ASSETS

Debtors

6

304,963

217,908

Cash at bank

4,495

21,460

309,458

239,368

CREDITORS

Amounts falling due within one year

7

71,015

48,811

NET CURRENT ASSETS

238,443

190,557

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,455,055

1,384,553

CREDITORS

Amounts falling due after more than one year

8

583

(11,048

)

PROVISIONS FOR LIABILITIES

(233,805

)

(222,211

)

NET ASSETS

1,221,833

1,151,294

CAPITAL AND RESERVES

Called up share capital

101

Fair value reserve

9

628,847

611,597

Retained earnings

592,885

539,596

1,221,833

1,151,294

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 director acknowledges his 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 director and authorised for issue on 15 December 2025 and were signed by:

S J Jones - Director

1.	STATUTORY INFORMATION

Simon Jones Wealth 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued

amounts, are recorded at the fair value at the date of revaluation, as determined by reference to

an active market, less any subsequent accumulated amortisation and subsequent accumulated

impairment losses. Intangible assets acquired as part of a business combination are recorded at

the fair value at the acquisition date.

Tangible fixed assets

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

Computer equipment

-

33% per annum of 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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Client

portfolio

£

COST OR VALUATION

At 1 April 2024

1,193,613

Revaluations

22,999

At 31 March 2025

1,216,612

NET BOOK VALUE

At 31 March 2025

1,216,612

At 31 March 2024

1,193,613

Cost or valuation at 31 March 2025 is represented by:

Client

portfolio

£

Valuation in 2021

915,459

Valuation in 2022

121,664

Valuation in 2023

(10,787

)

Valuation in 2024

167,277

Valuation in 2025

22,999

1,216,612

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

1,914

4,814

6,728

DEPRECIATION

At 1 April 2024

1,914

4,431

6,345

Charge for year

-

383

At 31 March 2025

1,914

4,814

6,728

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

383

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

34,929

32,620

Other debtors

270,034

185,288

304,963

217,908

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

11,209

11,211

Trade creditors

164

288

Taxation and social security

57,752

34,526

Other creditors

1,890

2,786

71,015

48,811

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

52,261

63,468

Other creditors

(52,844

)

(52,420

)

(583

)

11,048

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

611,597

Deferred tax movement

(5,749

)

Revaluation of intangibles

22,999

At 31 March 2025

628,847

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

S J Jones

Balance outstanding at start of year

185,288

219,232

Amounts advanced

246,076

154,631

Amounts repaid

(161,330

)

(188,575

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

270,034

185,288