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Company Registration No. 07409560 (England and Wales)
Woldingham Financial Services Ltd Unaudited accounts for the year ended 30 June 2024
Woldingham Financial Services Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,700 
10,680 
Current assets
Debtors
2,157 
1,345 
Cash at bank and in hand
215,021 
242,139 
217,178 
243,484 
Creditors: amounts falling due within one year
(77,056)
(75,177)
Net current assets
140,122 
168,307 
Net assets
144,822 
178,987 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
144,820 
178,985 
Shareholders' funds
144,822 
178,987 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by
Mr N Foreman Director Company Registration No. 07409560
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Woldingham Financial Services Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Woldingham Financial Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07409560. The registered office is Stac Pollaidh, Southfields Road, Woldingham, Caterham, Surrey, CR3 7BG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Woldingham Financial Services Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
56,618 
6,757 
63,375 
Additions
- 
4,154 
4,154 
Disposals
(56,618)
- 
(56,618)
At 30 June 2024
- 
10,911 
10,911 
Depreciation
At 1 July 2023
46,931 
5,764 
52,695 
Charge for the year
- 
447 
447 
On disposals
(46,931)
- 
(46,931)
At 30 June 2024
- 
6,211 
6,211 
Net book value
At 30 June 2024
- 
4,700 
4,700 
At 30 June 2023
9,687 
993 
10,680 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
144 
- 
Deferred tax asset
396 
1,345 
Other debtors
1,617 
- 
2,157 
1,345 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
72,511 
72,877 
Accruals
4,545 
2,300 
77,056 
75,177 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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