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REGISTERED NUMBER: 10571912 (England and Wales)















WOODRUFF HILL WEALTH MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






WOODRUFF HILL WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 10571912)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WOODRUFF HILL WEALTH MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R J Hill
A S Woodruff





REGISTERED OFFICE: 6 Sea King Drive
Auckley
Doncaster
South Yorkshire
DN9 3QR





REGISTERED NUMBER: 10571912 (England and Wales)






WOODRUFF HILL WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 10571912)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 373,981 560,972
Tangible assets 5 130,806 75,299
504,787 636,271

CURRENT ASSETS
Debtors 205,361 177,087
Cash at bank 117,400 138,089
322,761 315,176
CREDITORS
Amounts falling due within one year 192,050 193,582
NET CURRENT ASSETS 130,711 121,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,498

757,865

CREDITORS
Amounts falling due after more than one
year

(277,364

)

(268,940

)

PROVISIONS FOR LIABILITIES (14,053 ) (14,307 )
NET ASSETS 344,081 474,618

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 343,881 474,418
344,081 474,618

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

WOODRUFF HILL WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 10571912)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 September 2024 and were signed on its behalf by:




R J Hill - Director



A S Woodruff - Director


WOODRUFF HILL WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 10571912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Woodruff Hill 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.

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.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

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.

WOODRUFF HILL WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 10571912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 747,962
AMORTISATION
At 1 April 2023 186,990
Amortisation for year 186,991
At 31 March 2024 373,981
NET BOOK VALUE

At 31 March 2024 373,981
At 31 March 2023 560,972

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 119,517
Additions 93,686
At 31 March 2024 213,203
DEPRECIATION
At 1 April 2023 44,218
Charge for year 38,179
At 31 March 2024 82,397
NET BOOK VALUE
At 31 March 2024 130,806
At 31 March 2023 75,299

WOODRUFF HILL WEALTH MANAGEMENT LTD (REGISTERED NUMBER: 10571912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
A S Woodruff
Balance outstanding at start of year 49,258 9,378
Amounts advanced - 61,004
Amounts repaid (312 ) (21,124 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 48,946 49,258

R J Hill
Balance outstanding at start of year 19,819 9,829
Amounts advanced - 10,311
Amounts repaid (312 ) (321 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,507 19,819