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REGISTERED NUMBER: 03937879 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

WELCARE GUARDIAN ASSISTANCE LIMITED

WELCARE GUARDIAN ASSISTANCE LIMITED (REGISTERED NUMBER: 03937879)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WELCARE GUARDIAN ASSISTANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: D Meakin





SECRETARY: The Corporate Secretary Ltd





REGISTERED OFFICE: Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX





REGISTERED NUMBER: 03937879 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

WELCARE GUARDIAN ASSISTANCE LIMITED (REGISTERED NUMBER: 03937879)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 116,373 94,726

CURRENT ASSETS
Debtors 5 20 20
Cash at bank 3,147 3,876
3,167 3,896
CREDITORS
Amounts falling due within one year 6 86,225 75,003
NET CURRENT LIABILITIES (83,058 ) (71,107 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,315

23,619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33,215 23,519
SHAREHOLDERS' FUNDS 33,315 23,619

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

WELCARE GUARDIAN ASSISTANCE LIMITED (REGISTERED NUMBER: 03937879)

BALANCE SHEET - continued
31ST MARCH 2024


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 director and authorised for issue on 25th November 2024 and were signed by:





D Meakin - Director


WELCARE GUARDIAN ASSISTANCE LIMITED (REGISTERED NUMBER: 03937879)

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

1. STATUTORY INFORMATION

Welcare Guardian Assistance Limited 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 represents the fair value of the company's right to consideration in respect of services rendered during the year excluding VAT.

Will bank security
The company charges its clients an annual membership fee payable by standing order for the provision of a number of legal services supplied by the company's panel solicitors. These include legal advice,will storage, will updates and discounted legal assistance.
Membership fees are payable annually throughout the lifetime of the client.
Clients wills are stored at the office of the solicitor initially instructed to write the will in order that the document should be held safely and is capable of location upon the event of the death of the client.
The average age of the company's clients is early forties and the average life expectancy a further 36 years. The director estimates that 15% of the costs associated with taking the initial instructions from the client may be attributed to securing the client's instruction to join the legal support membership scheme and the company has therefore adopted a policy of capitalising 15% of will administration fees paid in the year as an addition to the will security bank.
The value of the will security bank is amortised at a rate of 3% per annum straight line to reflect the anticipated lapse rate of the scheme membership. The value of the will bank at 31st March 2024 is £116,373.

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 2 (2023 - 2 ) .

WELCARE GUARDIAN ASSISTANCE LIMITED (REGISTERED NUMBER: 03937879)

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

4. INTANGIBLE FIXED ASSETS
Will
security
bank
£   
COST
At 1st April 2023 103,928
Additions 25,531
At 31st March 2024 129,459
AMORTISATION
At 1st April 2023 9,202
Amortisation for year 3,884
At 31st March 2024 13,086
NET BOOK VALUE
At 31st March 2024 116,373
At 31st March 2023 94,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20 20

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,523 389
Taxation and social security 17,863 8,020
Other creditors 65,839 66,594
86,225 75,003