Advice on Wealth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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 2026

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 2026

3

Taxation

	2026		2025
	£		£
Corporation tax	257,053		263,500
	257,053		263,500

4	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2025 - 5).

Advice on Wealth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

5	Intangible assets

	Goodwill  £	Other intangible assets  £	Total £
Cost or valuation
At 1 May 2025	403,000	-	403,000
Additions acquired separately	-	350,000	350,000
At 30 April 2026	403,000	350,000	753,000
Amortisation
At 1 May 2025	403,000	-	403,000
At 30 April 2026	403,000	-	403,000
Carrying amount
At 30 April 2026	-	350,000	350,000

6	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 May 2025	39,552	39,552
Additions	5,119	5,119
At 30 April 2026	44,671	44,671
Depreciation
At 1 May 2025	23,226	23,226
Charge for the year	4,652	4,652
At 30 April 2026	27,878	27,878
Carrying amount
At 30 April 2026	16,793	16,793
At 30 April 2025	16,326	16,326

Advice on Wealth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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 2025	745,033	745,033
Fair value adjustments	177,650	177,650
Disposals	(922,683)	(922,683)
At 30 April 2026	-	-
Impairment
Carrying amount
At 30 April 2026	-	-

8

Debtors

Current	Note	2026 £	2025 £
Trade debtors		30,119	19,364
Amounts owed by related parties	11	1,946,380	-
Other debtors		4,489	724,486
		1,980,988	743,850

Advice on Wealth Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

9

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	157,500	10,549
Trade creditors		138	-
Taxation and social security		278,603	263,332
Other creditors		93,860	9,600
		530,101	283,481