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REGISTERED NUMBER: 02123811 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 1 MARCH 2024

FOR

WILLIAMS FINANCIAL PLANNING LTD

WILLIAMS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02123811)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WILLIAMS FINANCIAL PLANNING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 1 MARCH 2024







DIRECTORS: R B Williams
L A Gould





SECRETARY: Mrs K Williams





REGISTERED OFFICE: 30 Chester Street
Wrexham
LL13 8TJ





REGISTERED NUMBER: 02123811 (England and Wales)





ACCOUNTANTS: GODFREY EDWARDS
Park Lodge
Rhosddu Road
Wrexham
WREXHAM
LL11 1NF

WILLIAMS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02123811)

STATEMENT OF FINANCIAL POSITION
1 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,107 22,354
18,107 22,354

CURRENT ASSETS
Debtors 6 1,421,044 3,087,887
Cash at bank and in hand 702,791 182,442
2,123,835 3,270,329
CREDITORS
Amounts falling due within one year 7 9,618 635,983
NET CURRENT ASSETS 2,114,217 2,634,346
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,132,324

2,656,700

PROVISIONS FOR LIABILITIES 5,932 5,932
NET ASSETS 2,126,392 2,650,768

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 2,106,392 2,630,768
SHAREHOLDERS' FUNDS 2,126,392 2,650,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 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.

WILLIAMS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02123811)

STATEMENT OF FINANCIAL POSITION - continued
1 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 Board of Directors and authorised for issue on 27 November 2024 and were signed on its behalf by:




R B Williams - Director



L A Gould - Director


WILLIAMS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02123811)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 MARCH 2024

1. STATUTORY INFORMATION

Williams Financial Planning 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 2012, is being amortised evenly over its estimated useful life of five 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 - 15% on cost and 10% 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.

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.

WILLIAMS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02123811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 2 March 2023
and 1 March 2024 42,220
AMORTISATION
At 2 March 2023
and 1 March 2024 42,220
NET BOOK VALUE
At 1 March 2024 -
At 1 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 2 March 2023 114,325
Additions 3,419
At 1 March 2024 117,744
DEPRECIATION
At 2 March 2023 91,971
Charge for year 7,666
At 1 March 2024 99,637
NET BOOK VALUE
At 1 March 2024 18,107
At 1 March 2023 22,354

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 55,685
Other debtors 1,414,373 3,016,902
Prepayments and accrued income 6,671 15,300
1,421,044 3,087,887

WILLIAMS FINANCIAL PLANNING LTD (REGISTERED NUMBER: 02123811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 1 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 633,731
Other creditors 152 152
Accruals and deferred income - 2,100
Accrued expenses 9,466 -
9,618 635,983

8. RELATED PARTY DISCLOSURES

The company is controlled by its directors either directly or through its parent company Williams Gould Holdings Limited. Other than as disclosed elsewhere in the accounts, there were no transactions with directors during the year.