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Registration number: 7167454

Davies Wealth Management Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 April 2025

Davies Wealth Management Ltd

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 8

Davies Wealth Management Ltd

Company Information

Directors | Mr Kevin Davies Mrs Alison Mary Davies

Registered office | Bridesmead Shipton Lane Burton Bradstock Bridport Dorset DT6 4NQ

Accountants | Scott Vevers Ltd Chartered Accountants and Registered Auditors 65 East Street Bridport Dorset DT6 3LB

Davies Wealth Management Ltd

(Registration number: 7167454)
Abridged Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 76,833 | (5,119)
Current assets |  |  |
Debtors |  | 601,946 | 44,821
Cash at bank and in hand |  | 527,705 | 296,342
|  | 1,129,651 | 341,163
Prepayments and accrued income |  | 1,024 | (37)
Creditors: Amounts falling due within one year |  | (209,140) | (68,479)
Net current assets |  | 921,535 | 272,647
Total assets less current liabilities |  | 998,368 | 267,528
Accruals and deferred income |  | (3,136) | (1,308)
Net assets |  | 995,232 | 266,220
Capital and reserves |  |  |
Called up share capital | 6 | 100 | -
Retained earnings |  | 995,132 | 266,220
Shareholders' funds |  | 995,232 | 266,220

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Davies Wealth Management Ltd

(Registration number: 7167454)
Abridged Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:

.........................................

Mr Kevin Davies

Director

Davies Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

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 revenue when:
The amount of revenue 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.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Davies Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicle | 25% Reducing balance
Fixtures, fittings and equipment | 25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Davies Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Davies Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 May 2024 | 3,062,480
At 30 April 2025 | 3,062,480
Amortisation
At 1 May 2024 | 3,062,480
At 30 April 2025 | 3,062,480
Carrying amount
At 30 April 2025 | -

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 47,766 | 60,380 | 108,146
Additions | 1,516 | 87,390 | 88,906
Disposals | - | (60,380) | (60,380)
At 30 April 2025 | 49,282 | 87,390 | 136,672
Depreciation
At 1 May 2024 | 34,227 | 41,275 | 75,502
Charge for the year | 3,764 | 21,848 | 25,612
Eliminated on disposal | - | (41,275) | (41,275)
At 30 April 2025 | 37,991 | 21,848 | 59,839
Carrying amount
At 30 April 2025 | 11,291 | 65,542 | 76,833
At 30 April 2024 | 1,249 | (6,368) | (5,119)

6 | Share capital

Allotted, called up and fully paid shares

Davies Wealth Management Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2025

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 100 | 100 | 100 | 100