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REGISTERED NUMBER: 02494983 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ward Goodman Limited

Ward Goodman Limited (Registered number: 02494983)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ward Goodman Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R S Duckworth
I M Rodd
G Simon
A Foster





SECRETARY: R S Duckworth





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate, Wimborne
Wimborne
Dorset
BH21 7SF





REGISTERED NUMBER: 02494983 (England and Wales)





ACCOUNTANTS: Ward Goodman
Chartered Accountants
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Ward Goodman Limited (Registered number: 02494983)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 73,646 101,246
Tangible assets 5 14,464 23,989
Investments 6 659,489 659,489
747,599 784,724

CURRENT ASSETS
Debtors 7 577,287 741,774
Cash at bank and in hand 214,608 24,897
791,895 766,671
CREDITORS
Amounts falling due within one year 8 450,657 468,562
NET CURRENT ASSETS 341,238 298,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,837

1,082,833

CAPITAL AND RESERVES
Called up share capital 30,329 30,329
Capital redemption reserve 30,920 30,920
Retained earnings 1,027,588 1,021,584
SHAREHOLDERS' FUNDS 1,088,837 1,082,833

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.

Ward Goodman Limited (Registered number: 02494983)

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.

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:




A Foster - Director



R S Duckworth - Director


Ward Goodman Limited (Registered number: 02494983)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ward Goodman 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 net invoiced sales of goods and services, excluding VAT, together with opening and closing adjustments for the value of unbilled contracts.

Goodwill
Goodwill is amortised over the expected useful life of the asset, which is reviewed annually by the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

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.

Ward Goodman Limited (Registered number: 02494983)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Unbilled contracts
In accordance with changes in UK GAAP, contract based work in progress is valued at sales value. This is based on the activities performed by the year end, with the exception that where the consideration for a contract is conditional upon a specified future event which is outside the control of the company, the contract value is not taken into account at the year end. The amount of unbilled contract work is included within other debtors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,193,342
AMORTISATION
At 1 April 2023 1,092,096
Amortisation for year 27,600
At 31 March 2024 1,119,696
NET BOOK VALUE
At 31 March 2024 73,646
At 31 March 2023 101,246

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings Computer
& equipment equipment Totals
£    £    £   
COST
At 1 April 2023 143,673 453,939 597,612
Additions - 1,312 1,312
At 31 March 2024 143,673 455,251 598,924
DEPRECIATION
At 1 April 2023 140,799 432,824 573,623
Charge for year 695 10,142 10,837
At 31 March 2024 141,494 442,966 584,460
NET BOOK VALUE
At 31 March 2024 2,179 12,285 14,464
At 31 March 2023 2,874 21,115 23,989

Ward Goodman Limited (Registered number: 02494983)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 659,489
NET BOOK VALUE
At 31 March 2024 659,489
At 31 March 2023 659,489

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 600 1,100
Amounts owed by group undertakings 508,949 703,401
Other debtors 2,846 -
VAT 14,719 2,788
Deferred tax asset 3,909 273
Other debtors and prepayments 46,264 34,212
577,287 741,774

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 14,000
Trade creditors 37,706 12,641
Amounts owed to group undertakings 367,688 390,282
Corporation tax 2,293 -
Social security and other taxes 42,970 39,156
Accruals and deferred income - 12,483
450,657 468,562