Adviser Business Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03749669

ADVISER BUSINESS SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D P Stamp

P J Stamp

R P Anderson

C A Tierney

L E Taylor

REGISTERED OFFICE:

2 & 2A The Old Flour Mill

Queen Street

Emsworth

Hampshire

PO10 7BT

REGISTERED NUMBER:

03749669

ACCOUNTANTS:

Morris Crocker

Chartered Accountants

Station House

North Street

Havant

Hampshire

PO9 1QU

FIXED ASSETS

Intangible assets

4

37,400

71,450

Tangible assets

5

-

37,400

71,450

CURRENT ASSETS

Debtors

6

3,606,365

2,443,254

Cash at bank and in hand

648

738

3,607,013

2,443,992

CREDITORS

Amounts falling due within one year

7

2,732,910

1,612,509

NET CURRENT ASSETS

874,103

831,483

TOTAL ASSETS LESS CURRENT
LIABILITIES

911,503

902,933

CAPITAL AND RESERVES

Called up share capital

9

14,315

Share premium

10

317,021

Retained earnings

10

580,167

571,597

SHAREHOLDERS' FUNDS

911,503

902,933

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

D P Stamp - Director

1.	STATUTORY INFORMATION

Adviser Business Solutions Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

Turnover represents commissions and services income, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses, is being written off over its estimated useful life.

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.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors

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

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors

Short term trade 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

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 40 (2024 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

816,000

AMORTISATION

At 1 April 2024

744,550

Amortisation for year

34,050

At 31 March 2025

778,600

NET BOOK VALUE

At 31 March 2025

37,400

At 31 March 2024

71,450

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

40,220

39,209

7,859

264,033

351,321

DEPRECIATION

At 1 April 2024

and 31 March 2025

40,220

39,209

7,859

264,033

351,321

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

3,505,802

2,326,297

Rent deposit

6,083

Prepayments

94,480

110,874

3,606,365

2,443,254

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts (see note 8)

88,647

76,470

Trade creditors

361,746

326,568

Corporation Tax

14,091

31,451

E-Securities tax interest

-

19,780

Social security and other taxes

30,354

27,037

VAT

844

1,491

Other creditors

99,066

82,464

Directors' current accounts

2,105,034

1,002,834

Accrued expenses

33,128

44,414

2,732,910

1,612,509

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

Amounts falling due within one year or on demand:

Bank overdrafts

56,828

17,379

Bank loans

31,819

59,091

88,647

76,470

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

12,632

A Ordinary shares

£1

12,632

240

B Ordinary shares

£1

240

12

C Ordinary shares

£1

12

1,431

D Ordinary shares

£1

1,431

14,315

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 April 2024

571,597

317,021

888,618

Profit for the year

8,570

At 31 March 2025

580,167

317,021

897,188

11.	RELATED PARTY DISCLOSURES

During the year the company paid commission and agents charges to DMJ Associates a partnership controlled by the shareholders of the company. The total amount paid in the year was £44,885 (2024: £33,265).

12.	ULTIMATE CONTROLLING PARTY

Mr D P Stamp and Mrs P J Stamp are the ultimate controlling party of the company.