MWA Financial Advice Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05254380

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		10,185		11,445
Tangible Assets	5		19,179		26,657

			29,364		38,102
CURRENT ASSETS
Debtors	6	5,900,433		3,589,661
Cash at bank and in hand		279,545		402,214

		6,179,978		3,991,875
Creditors: Amounts Falling Due Within One Year	7	(641,672 )		(461,201 )

NET CURRENT ASSETS (LIABILITIES)			5,538,306		3,530,674

TOTAL ASSETS LESS CURRENT LIABILITIES			5,567,670		3,568,776

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,341 )		(8,349 )

NET ASSETS			5,560,329		3,560,427

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			5,560,328		3,560,426

SHAREHOLDERS' FUNDS			5,560,329		3,560,427

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MWA Financial Advice Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D Banks

Director

25th August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

MWA Financial Advice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05254380 . The registered office is The Townhouse, 114-116 Fore Street, Hertford, Herts, SG14 1AJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of ten years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Fixtures & Fittings	25% on cost
Computer Equipment	20% on cost

2.5. Financial Instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements or a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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MWA Financial Advice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 41 (2025: 37)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	12,600

As at 31 March 2026	12,600

Amortisation
As at 1 April 2025	1,155
Provided during the period	1,260

As at 31 March 2026	2,415

Net Book Value
As at 31 March 2026	10,185

As at 1 April 2025	11,445

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MWA Financial Advice Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2025	92,543
Disposals	(201 )

As at 31 March 2026	92,342

Depreciation
As at 1 April 2025	65,886
Provided during the period	7,277

As at 31 March 2026	73,163

Net Book Value
As at 31 March 2026	19,179

As at 1 April 2025	26,657

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	23,289	12,089
Amounts owed by group undertakings	5,078,487	2,874,402
Other debtors	798,657	703,170

	5,900,433	3,589,661

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	166,808	73,693
Other creditors	381,801	278,970
Taxation and social security	93,063	108,538

	641,672	461,201

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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