Registration number: 05346635

Advice on Wealth Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Advice on Wealth Ltd

(Registration number: 05346635)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	16,326	17,927
Other financial assets	7	745,033	685,776
		761,359	703,703
Current assets
Debtors	8	743,850	37,553
Cash at bank and in hand		81,219	114,592
		825,069	152,145
Creditors: Amounts falling due within one year	9	(283,481)	(244,616)
Net current assets/(liabilities)		541,588	(92,471)
Total assets less current liabilities		1,302,947	611,232
Creditors: Amounts falling due after more than one year	9	(6,466)	(16,924)
Net assets		1,296,481	594,308
Capital and reserves
Called up share capital		100	100
Retained earnings		1,296,381	594,208
Shareholders' funds		1,296,481	594,308

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 and 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.

Advice on Wealth Ltd

(Registration number: 05346635)
Balance Sheet as at 30 April 2025

Approved and authorised by the Board on 16 January 2026 and signed on its behalf by:
 

......................................... R J Puig Director

Advice on Wealth Ltd

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Kingston House
Lydiard Fields
Swindon
Wiltshire
SN5 8UB

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current tax payable.

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.

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
Office equipment	25% reducing balance per annum

Advice on Wealth Ltd

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

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	Straight line over 5 years

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Advice on Wealth Ltd

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

3

Taxation

	2025		2024
	£		£
Corporation tax	263,500		229,562
	263,500		229,562

4	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Advice on Wealth Ltd

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

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2024	403,000	403,000
At 30 April 2025	403,000	403,000
Amortisation
At 1 May 2024	403,000	403,000
At 30 April 2025	403,000	403,000
Carrying amount
At 30 April 2025	-	-

6	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 May 2024	36,175	36,175
Additions	3,377	3,377
At 30 April 2025	39,552	39,552
Depreciation
At 1 May 2024	18,248	18,248
Charge for the year	4,978	4,978
At 30 April 2025	23,226	23,226
Carrying amount
At 30 April 2025	16,326	16,326
At 30 April 2024	17,927	17,927

Advice on Wealth Ltd

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

7	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 May 2024	685,776	685,776
Fair value adjustments	59,257	59,257
At 30 April 2025	745,033	745,033
Impairment
Carrying amount
At 30 April 2025	745,033	745,033

8

Debtors

Current	2025 £	2024 £
Trade debtors	19,364	29,506
Other debtors	724,486	8,047
	743,850	37,553

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	10,549	10,040
Taxation and social security		263,332	230,976
Other creditors		9,600	3,600
		283,481	244,616