Company registration number 07428213 (England and Wales)
INTOUCH FINANCIAL ADVICE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
INTOUCH FINANCIAL ADVICE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
INTOUCH FINANCIAL ADVICE LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
29,652
32,828
Investments
5
2,761
2,761
32,413
35,589
Current assets
Debtors
6
260,107
251,530
Cash at bank and in hand
184,014
141,472
444,121
393,002
Creditors: amounts falling due within one year
7
(188,234)
(154,531)
Net current assets
255,887
238,471
Total assets less current liabilities
288,300
274,060
Creditors: amounts falling due after more than one year
8
(83,334)
(95,451)
Provisions for liabilities
(4,885)
(4,903)
Net assets
200,081
173,706
Capital and reserves
Called up share capital
9
113
113
Share premium account
6,605
6,605
Capital redemption reserve
100
100
Profit and loss reserves
193,263
166,888
Total equity
200,081
173,706

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

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

INTOUCH FINANCIAL ADVICE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2025
30 November 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on
16 April 2026
16 April 2026
and are signed on its behalf by:
P J Cooper
Director
Company registration number 07428213 (England and Wales)
INTOUCH FINANCIAL ADVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -
1
Accounting policies
Company information

Intouch Financial Advice Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Blue Sky Way, Monkton Business Park South, Hebburn, Tyne & Wear, NE31 2EQ.

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. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of commissions received for the services provided in the normal course of business. Revenue is recognised when the entitlement to commissions arises. Clawbacks can occur in respect of cancelled policies and these clawbacks are recognised as an expense at the time they are taken from the company as a deduction from income. The turnover in the accounts is therefore before deduction for clawback and the expense is recognised as a cost of sale.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Website development costs
3 years straight line
1.4
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:

Improvements to property
15% straight line
Equipment, fixtures and fittings
15% reducing balance
Computer equipment
25% straight line

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.

INTOUCH FINANCIAL ADVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

1.6
Impairment of fixed assets

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

1.7
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.

1.8
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 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.

INTOUCH FINANCIAL ADVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
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.

1.10
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.

1.11
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.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

INTOUCH FINANCIAL ADVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 6 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
22
19
3
Intangible fixed assets
Website development costs
£
Cost
At 1 December 2024 and 30 November 2025
13,476
Amortisation and impairment
At 1 December 2024 and 30 November 2025
13,476
Carrying amount
At 30 November 2025
-
0
At 30 November 2024
-
0
INTOUCH FINANCIAL ADVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 7 -
4
Tangible fixed assets
Improvements to property
Equipment, fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 December 2024
50,450
12,576
50,765
113,791
Additions
-
0
7,180
2,014
9,194
Disposals
-
0
-
0
(9,512)
(9,512)
At 30 November 2025
50,450
19,756
43,267
113,473
Depreciation and impairment
At 1 December 2024
30,181
7,085
43,697
80,963
Depreciation charged in the year
5,528
1,282
3,894
10,704
Eliminated in respect of disposals
-
0
-
0
(7,846)
(7,846)
At 30 November 2025
35,709
8,367
39,745
83,821
Carrying amount
At 30 November 2025
14,741
11,389
3,522
29,652
At 30 November 2024
20,269
5,491
7,068
32,828
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
2,761
2,761

The fair value of the investment has been arrived at on the basis of an assessment by the directors.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
12,750
10,882
Corporation tax recoverable
58,350
58,350
Other debtors
189,007
182,298
260,107
251,530
INTOUCH FINANCIAL ADVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
42,222
35,015
Trade creditors
3,140
1,165
Corporation tax
92,900
69,643
Other taxation and social security
16,792
15,836
Other creditors
33,180
32,872
188,234
154,531

Included in bank loans due within one year is an amount of £36,667 (2024: £21,351) secured by a personal guarantee by a director of the company.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
83,334
95,451

Included in bank loans due after more than one year is an amount of £63,889 (2024: £61,667) secured by a personal guarantee by a director of the company.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary "A" shares of £1 each
80
80
80
80
Ordinary "B" shares of £1 each
20
20
20
20
Ordinary "C" shares of £1 each
12
12
12
12
Ordinary "Y" shares of £1 each
1
1
1
1
113
113
113
113
10
Contingent liabilities

The company receives commissions from protection providers for policies or plans sold to its customers. Where policies lapse, are cancelled or are replaced during the term of the product, a proportion of the commissions received initially must be repaid to the protection provider as a claw back. The level of the clawback can vary considerably year on year as this is dependent on level and timing of future cancellations to existing policies. As such, there remains some uncertainty about the level of clawback expected in the coming year.

Whilst the directors are not able to provide a reliable estimate, they do constantly monitor the situation along with consideration to current market and trading conditions and at the time of signing these accounts anticipate clawbacks in to be in the region of £60,000 - £80,000 per annum in the coming years.

The directors aim to maintain a minimum bank level as a cash reserve within the business. The level set will be at the discretion of the directors and may change depending on the outlook, however the current intention is to build up to and maintain cash reserves of £150,000.

INTOUCH FINANCIAL ADVICE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 9 -
11
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
57,788
77,353
12
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Advances
% Rate
Opening balance
Amounts repaid
Closing balance
£
£
£
Directors' Loans
-
180,500
(3,000)
177,500
180,500
(3,000)
177,500

There are no fixed terms as to repayment and no interest accrued thereon.

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