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REGISTERED NUMBER: 06494211 (England and Wales)















WAKEFIELD MORTGAGE CENTRE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






WAKEFIELD MORTGAGE CENTRE LTD (REGISTERED NUMBER: 06494211)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Report of the Accountants 6

WAKEFIELD MORTGAGE CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S Taylor





SECRETARY: Mrs C Taylor





REGISTERED OFFICE: 33 Barnsley Road
South Elmsall
Pontefract
West Yorkshire
WF9 2RN





REGISTERED NUMBER: 06494211 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

WAKEFIELD MORTGAGE CENTRE LTD (REGISTERED NUMBER: 06494211)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 33,333
Property, plant and equipment 5 302 375
30,302 33,708

CURRENT ASSETS
Debtors 6 26,368 19,483
Cash at bank and in hand 2,199 983
28,567 20,466
CREDITORS
Amounts falling due within one year 7 56,177 52,757
NET CURRENT LIABILITIES (27,610 ) (32,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,692

1,417

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,592 1,317
SHAREHOLDERS' FUNDS 2,692 1,417

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 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.

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 28 October 2024 and were signed by:





Mr S Taylor - Director


WAKEFIELD MORTGAGE CENTRE LTD (REGISTERED NUMBER: 06494211)

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

1. STATUTORY INFORMATION

Wakefield Mortgage Centre 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The Goodwill acquired in 2008 is not being amortised as in the opinion of the Director its valuation is in excess of the book cost.

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.
Office Equipment - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

WAKEFIELD MORTGAGE CENTRE LTD (REGISTERED NUMBER: 06494211)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023 16,667
Amortisation for year 3,333
At 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 30,000
At 31 March 2023 33,333

5. PROPERTY, PLANT AND EQUIPMENT
Office
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 6,505
DEPRECIATION
At 1 April 2023 6,130
Charge for year 73
At 31 March 2024 6,203
NET BOOK VALUE
At 31 March 2024 302
At 31 March 2023 375

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 26,368 19,483

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,333 682
Other creditors 54,844 52,075
56,177 52,757

WAKEFIELD MORTGAGE CENTRE LTD (REGISTERED NUMBER: 06494211)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Shares 1 100 100

9. DIRECTOR'S TRANSACTIONS

The following interest free loans to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr S Taylor
Balance outstanding at start of year 9,233 9,435
Amounts advanced 9,717 7,342
Amounts repaid (9,233 ) (7,544 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,717 9,233

10. RELATED PARTY DISCLOSURES

During the year the company was loaned £2,811 by Move Maker Limited. (2023:£3,162), a company controlled by S Taylor a shareholder. At the end of the year £51,615 was still outstanding. (2023: £48,804).

Also during the year the company loaned £6,401 to Movemaker Lettings Limited (2023:£5,250), a company
controlled by S Taylor a shareholder. At the end of the year £16,2651 was still outstanding (2023:£10,250).

WAKEFIELD MORTGAGE CENTRE LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
WAKEFIELD MORTGAGE CENTRE LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


28 October 2024