REGISTERED NUMBER: 08874015 (England and Wales)

WPS ADVISORY LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S G Chrystal

Mr P B Hobbs

Mr D A Palmer

Mr D C Moore

Mr T P Harries

REGISTERED OFFICE:

Suite A West One

Forth Banks

Newcastle Upon Tyne

NE1 3PA

REGISTERED NUMBER:

08874015 (England and Wales)

AUDITORS:

APC Accountants Limited

Chartered Accountants

and Statutory Auditors

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

FIXED ASSETS

Intangible assets

5

654,757

772,022

Tangible assets

6

13,788

19,801

668,545

791,823

CURRENT ASSETS

Debtors

7

1,750,551

1,647,265

Cash at bank

50,176

148,927

1,800,727

1,796,192

CREDITORS

Amounts falling due within one year

8

1,686,792

1,441,365

NET CURRENT ASSETS

113,935

354,827

TOTAL ASSETS LESS CURRENT LIABILITIES

782,480

1,146,650

CAPITAL AND RESERVES

Called up share capital

10

201,180

1,180

Share premium

999,000

999,000

Retained earnings

(417,700

)

146,470

SHAREHOLDERS' FUNDS

782,480

1,146,650

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 Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

Mr P B Hobbs - Director

1.	STATUTORY INFORMATION

WPS Advisory 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Goodwill, Intellectual Property and Branding

In relation to intangible assets that was generated upon the hive up of the business operations, the assets and liabilities of another business, the company has carried out a review and allocated the assets to Intellectual Property and Branding and Goodwill. This is in relation to the directors' belief and assessment that the future cash flows of the Intellectual Property and Branding justifies the basis and has a remaining useful life of 10 years in respect of income streams.

Accrued/Deferred Income

The directors make estimates regarding the recognition of income from various commission income streams and the timing of such income.

Amounts recoverable on contracts

The income relating to the company projects is recognised inline with the contract to supply the service across a given period of time based up on the expected uptake of the project scheme.

Redress provision

In relation to complaints, the directors make estimates, based on the number of actual complaints made by clients and the value of the required redress payments expected to be made to compensate the client. The expected redress payment is estimated with regards to the scale of the complaint, timescale, portfolio value and inline with the guidance of the financial conduct authority capped at the professional indemnity .

Turnover

Turnover represents the value, excluding Value Added Tax, of financial services provided to individuals and companies, including pension advice, together with subscription income from the LifeStage app.

Revenue from the provision of services is recognised in the income statement when the company has performed the relevant service and the right to consideration has been established. Subscription income is recognised over the period to which the subscription relates.

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.

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% straight line

Computer equipment

-

33% straight line

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.

Financial instruments

Financial instruments 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of those obligations is charged to the income statement over the relevant period. For commercial vehicles the interest element is charged to the income statement when the vehicle is placed on the road for use. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2024 - 61 ) .

5.	INTANGIBLE FIXED ASSETS

Intellectual

Goodwill

property

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

301,019

871,634

1,172,653

AMORTISATION

At 1 January 2025

198,314

202,317

400,631

Amortisation for year

30,102

87,163

117,265

At 31 December 2025

228,416

289,480

517,896

NET BOOK VALUE

At 31 December 2025

72,603

582,154

654,757

At 31 December 2024

102,705

669,317

772,022

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

20,701

100,148

120,849

Additions

-

6,265

6,265

Disposals

(11,910

)

(24,131

)

(36,041

)

At 31 December 2025

8,791

82,282

91,073

DEPRECIATION

At 1 January 2025

16,219

84,829

101,048

Charge for year

2,197

10,081

12,278

Eliminated on disposal

(11,910

)

(24,131

)

(36,041

)

At 31 December 2025

6,506

70,779

77,285

NET BOOK VALUE

At 31 December 2025

2,285

11,503

13,788

At 31 December 2024

4,482

15,319

19,801

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

252,463

254,975

Amounts recoverable on contract

253,739

273,869

Other debtors

137,062

123,930

Deferred tax asset

53,660

61,302

Prepayments and accrued income

1,053,627

933,189

1,750,551

1,647,265

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

304,717

500,802

Amounts owed to group undertakings

380,596

449,498

Social security and other taxes

416,698

70,024

VAT

157,070

79,964

Other creditors

21,695

19,092

Credit card

87,053

90,858

Accruals and deferred income

318,963

231,127

1,686,792

1,441,365

Within amounts due to group undertakings includes a loan of £100,000 (2024: £200,000), which has been used as a short term funding facility.

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

113,255

115,263

Between one and five years

59,252

135,084

172,507

250,347

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

201,180

Ordinary

£1

201,180

1,180

200,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Leighton Sharp FCCA,MAAT (Senior Statutory Auditor)

for and on behalf of APC Accountants Limited

12.	RELATED PARTY DISCLOSURES

Key management personnel remuneration in the year totalled £639,083 (2024: £728,437).

Directors remuneration in the year totalled £231,739 (2024: £228,781).

As at the Balance Sheet date, an amount of £380,596 (2024: £449,498) was owed to group companies.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the deVere Group Limited which owns the entire share capital of UK Workplace Solutions Ltd. UK Workplace Solutions Ltd is the parent company and owns the entire share capital of WPS Advisory Limited. Registered office:Suite A, 5th Floor Uk Workplace Solutions, West One, Forth Banks, Newcastle Upon Tyne, Tyne And Wear, England, NE1 3PA.