Company registration number 07609828 (England and Wales)
P W WEALTH AND FINANCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
P W WEALTH AND FINANCE LTD
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
P W WEALTH AND FINANCE LTD
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
243
324
Current assets
Debtors
6
8,759
8,100
Cash at bank and in hand
183
-
0
8,942
8,100
Creditors: amounts falling due within one year
7
(6,586)
(5,362)
Net current assets
2,356
2,738
Total assets less current liabilities
2,599
3,062
Creditors: amounts falling due after more than one year
8
(666)
(3,027)
Provisions for liabilities
(42)
(42)
Net assets/(liabilities)
1,891
(7)
Capital and reserves
Called up share capital
9
10
10
Profit and loss reserves
1,881
(17)
Total equity
1,891
(7)
P W WEALTH AND FINANCE LTD
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

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

The financial statements were approved and signed by the director and authorised for issue on 2 January 2026
Mr P Wasley
Director
Company registration number 07609828 (England and Wales)
P W WEALTH AND FINANCE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 May 2023
10
(61)
(51)
Year ended 30 April 2024:
Profit and total comprehensive income
-
8,844
8,844
Dividends
-
(8,800)
(8,800)
Balance at 30 April 2024
10
(17)
(7)
Year ended 30 April 2025:
Profit and total comprehensive income
-
10,898
10,898
Dividends
-
(9,000)
(9,000)
Balance at 30 April 2025
10
1,881
1,891
P W WEALTH AND FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Company information

P W Wealth and Finance Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 52 Hunts Cross Avenue, Liverpool, Merseyside, L25 5NX.

1.1
Basis of preparation

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
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:

Fixtures and fittings
15% reducing balance basis
Office equipment
20% reducing balance basis

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.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible 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.

P W WEALTH AND FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -

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.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 initially at transaction price and subsequently measured at amortised cost using the effective interest method.

P W WEALTH AND FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 6 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

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
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

P W WEALTH AND FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Director's remuneration and dividends
2025
2024
£
£
Remuneration paid to directors
11,908
11,908
Dividends paid to directors
9,000
8,800
4
Employees

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

2025
2024
Number
Number
Total
1
1
5
Tangible fixed assets
Fixtures and fittings
Office equipment
Total
£
£
£
Cost
At 1 May 2024 and 30 April 2025
893
2,439
3,332
Depreciation and impairment
At 1 May 2024
791
2,217
3,008
Depreciation charged in the year
26
55
81
At 30 April 2025
817
2,272
3,089
Carrying amount
At 30 April 2025
76
167
243
At 30 April 2024
102
222
324
P W WEALTH AND FINANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
5,311
-
0
Other debtors
3,448
8,100
8,759
8,100
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,070
1,973
Trade creditors
279
-
0
Corporation tax
2,782
2,210
Other taxation and social security
93
5
Other creditors
1,362
1,174
6,586
5,362
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
666
3,027
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
10
10
10
10
10
Directors' transactions

Dividends totalling £9,000 (2024 - £8,800) were paid in the year in respect of shares held by the company's directors.

2025-04-30 2024-05-01 false true false 02 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Philip Wasley 07609828 2024-05-01 2025-04-30 07609828 2025-04-30 07609828 2024-04-30 07609828 core:FurnitureFittings 2025-04-30 07609828 core:ComputerEquipment 2025-04-30 07609828 core:FurnitureFittings 2024-04-30 07609828 core:ComputerEquipment 2024-04-30 07609828 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 07609828 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 07609828 core:WithinOneYear 2025-04-30 07609828 core:WithinOneYear 2024-04-30 07609828 core:AfterOneYear 2025-04-30 07609828 core:AfterOneYear 2024-04-30 07609828 core:CurrentFinancialInstruments 2025-04-30 07609828 core:CurrentFinancialInstruments 2024-04-30 07609828 core:ShareCapital 2025-04-30 07609828 core:ShareCapital 2024-04-30 07609828 core:RetainedEarningsAccumulatedLosses 2025-04-30 07609828 core:RetainedEarningsAccumulatedLosses 2024-04-30 07609828 core:ShareCapital 2023-04-30 07609828 core:RetainedEarningsAccumulatedLosses 2023-04-30 07609828 core:ShareCapitalOrdinaryShareClass1 2025-04-30 07609828 core:ShareCapitalOrdinaryShareClass1 2024-04-30 07609828 bus:Director1 2024-05-01 2025-04-30 07609828 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 07609828 2023-05-01 2024-04-30 07609828 core:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 07609828 core:FurnitureFittings 2024-05-01 2025-04-30 07609828 core:ComputerEquipment 2024-05-01 2025-04-30 07609828 core:FurnitureFittings 2024-04-30 07609828 core:ComputerEquipment 2024-04-30 07609828 2024-04-30 07609828 core:Non-currentFinancialInstruments 2025-04-30 07609828 core:Non-currentFinancialInstruments 2024-04-30 07609828 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 07609828 bus:OrdinaryShareClass1 2025-04-30 07609828 bus:OrdinaryShareClass1 2024-04-30 07609828 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 07609828 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 07609828 bus:FRS102 2024-05-01 2025-04-30 07609828 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 07609828 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP