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Registration number: 05382934

Westward Financial Management Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Westward Financial Management Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

Westward Financial Management Limited

Company Information

Directors

Mr Nicholas Michael Austin

Mr Simon Austin

Registered office

2 Swallow Court
Sampford Peverell
Tiverton
EX16 7EJ

Accountants

R S Porter & Co Limited
The Old Dairy
Ashton Hill Farm
Weston Road, Failand
Bristol
BS8 3US

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Westward Financial Management Limited
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Westward Financial Management Limited for the year ended 30 June 2024 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Westward Financial Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Westward Financial Management Limited and state those matters that we have agreed to state to the Board of Directors of Westward Financial Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Westward Financial Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Westward Financial Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Westward Financial Management Limited. You consider that Westward Financial Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Westward Financial Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

R S Porter & Co Limited
The Old Dairy
Ashton Hill Farm
Weston Road, Failand
Bristol
BS8 3US

19 July 2024

 

Westward Financial Management Limited

(Registration number: 05382934)
Balance Sheet as at 30 June 2024

2024
£

2023
£

Fixed assets

8,802

10,955

Current assets

503,017

487,251

Creditors: Amounts falling due within one year

(53,831)

(16,432)

Net current assets

449,186

470,819

Total assets less current liabilities

457,988

481,774

Creditors: Amounts falling due after more than one year

(308,435)

(366,444)

Accruals and deferred income

(2,000)

(2,000)

 

147,553

113,330

Capital and reserves

147,553

113,330

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2 Swallow Court
Sampford Peverell
Tiverton
EX16 7EJ
England

These financial statements were authorised for issue by the Board on 19 July 2024.

Basis of preparation

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 3).

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

 

Westward Financial Management Limited

(Registration number: 05382934)
Balance Sheet as at 30 June 2024

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 19 July 2024 and signed on its behalf by:
 

.........................................
Mr Nicholas Michael Austin
Director

.........................................
Mr Simon Austin
Director