Vitty Alexander Wealth Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08915728 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

VITTY ALEXANDER WEALTH MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Vitty

REGISTERED OFFICE:

The Old Bank

997 Abbeydale Road

Millhouses

Sheffield

South Yorkshire

S7 2QE

REGISTERED NUMBER:

08915728 (England and Wales)

ACCOUNTANTS:

Jones Francis Limited

400-402 Richmond Road

Sheffield

South Yorkshire

S13 8LZ

FIXED ASSETS

Intangible assets

4

506,990

832,790

Tangible assets

5

14,960

22,101

Investments

6

69,225

44,150

591,175

899,041

CURRENT ASSETS

Debtors

7

87,414

331,198

Cash at bank

1,603,406

722,831

1,690,820

1,054,029

CREDITORS

Amounts falling due within one year

8

431,453

408,454

NET CURRENT ASSETS

1,259,367

645,575

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,850,542

1,544,616

CREDITORS

Amounts falling due after more than
one year

9

-

(4,383

)

PROVISIONS FOR LIABILITIES

(20,859

)

(16,374

)

NET ASSETS

1,829,683

1,523,859

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

11

51,356

32,550

Retained earnings

1,778,227

1,491,209

SHAREHOLDERS' FUNDS

1,829,683

1,523,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2026 and were signed by:

S A Vitty - Director

1.	STATUTORY INFORMATION

Vitty Alexander Wealth Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

2,126,271

Disposals

(125,748

)

At 31 December 2025

2,000,523

AMORTISATION

At 1 January 2025

1,293,481

Amortisation for year

200,052

At 31 December 2025

1,493,533

NET BOOK VALUE

At 31 December 2025

506,990

At 31 December 2024

832,790

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2025

and 31 December 2025

62,731

14,667

77,398

DEPRECIATION

At 1 January 2025

45,376

9,921

55,297

Charge for year

4,319

2,822

7,141

At 31 December 2025

49,695

12,743

62,438

NET BOOK VALUE

At 31 December 2025

13,036

1,924

14,960

At 31 December 2024

17,355

4,746

22,101

6.	FIXED ASSET INVESTMENTS

Other

investme

£

COST OR VALUATION

At 1 January 2025

44,150

Revaluations

25,075

At 31 December 2025

69,225

NET BOOK VALUE

At 31 December 2025

69,225

At 31 December 2024

44,150

Cost or valuation at 31 December 2025 is represented by:

Other

investme

£

Valuation in 2019

57,450

Valuation in 2020

(1,550

)

Valuation in 2021

25,900

Valuation in 2022

(27,800

)

Valuation in 2023

(20,570

)

Valuation in 2024

9,970

Valuation in 2025

25,075

Cost

750

69,225

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

76,844

77,942

Amounts owed by participating interests

10,194

10,114

Other debtors

376

243,142

87,414

331,198

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

4,395

10,398

Trade creditors

7,666

888

Taxation and social security

171,609

142,072

Other creditors

247,783

255,096

431,453

408,454

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.25

31.12.24

£

Bank loans

-

4,383

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

Within one year

26,000

Between one and five years

47,667

73,667

99,667

11.

RESERVES

Fair

value

reserve

£

At 1 January 2025

32,550

Fair value movement

18,806

At 31 December 2025

51,356

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

S A Vitty

Balance outstanding at start of year

242,666

-

Amounts advanced

-

242,666

Amounts repaid

(242,666

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

242,666

13.	ULTIMATE CONTROLLING PARTY

The controlling party is S A Vitty.