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REGISTERED NUMBER: 04494861 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ward Goodman Financial Services Limited

Ward Goodman Financial Services Limited (Registered number: 04494861)






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 Financial Services Limited

Company Information
for the Year Ended 31 March 2024







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





SECRETARY: Mr R S Duckworth





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





REGISTERED NUMBER: 04494861 (England and Wales)





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

Ward Goodman Financial Services Limited (Registered number: 04494861)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10,889 10,889

CURRENT ASSETS
Debtors 5 456,636 482,540
Cash at bank 250,131 210,155
706,767 692,695
CREDITORS
Amounts falling due within one year 6 446,708 416,754
NET CURRENT ASSETS 260,059 275,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,948

286,830

CREDITORS
Amounts falling due after more than one year 7 - 2,403
NET ASSETS 270,948 284,427

CAPITAL AND RESERVES
Called up share capital 14,285 14,285
Share premium 85,715 85,715
Retained earnings 170,948 184,427
SHAREHOLDERS' FUNDS 270,948 284,427

Ward Goodman Financial Services Limited (Registered number: 04494861)

Balance Sheet - continued
31 March 2024


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.

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:




Mr A Foster - Director



Mr G Simon - Director


Ward Goodman Financial Services Limited (Registered number: 04494861)

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

1. STATUTORY INFORMATION

Ward Goodman Financial Services 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 is based on commissions received and fees delivered (ex VAT), together with the opening and closing valuations of unbilled contract work in progress. Income in respect of the company's appointed representatives is received by the company but is not included in turnover as all this income is due in full to the appointed representatives.

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.

3. EMPLOYEES AND DIRECTORS

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

Ward Goodman Financial Services Limited (Registered number: 04494861)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 10,889
NET BOOK VALUE
At 31 March 2024 10,889
At 31 March 2023 10,889

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint ventures

H K Financial Advice Service Limited
Registered office:
Nature of business: Appointed representative - financial services
%
Class of shares: holding
£1 Ordinary A shares 50.01

Blanchards Bailey Financial Services Limited
Registered office:
Nature of business: Appointed representative - financial services
%
Class of shares: holding
£1 Ordinary A Shares 50.01

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,420 8,330
Amounts owed by group undertakings 333,875 390,282
Other debtors 111,341 83,928
456,636 482,540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 60,342 112
Amounts owed to group undertakings 295,864 340,427
Corporation tax 89,094 62,606
Accrued expenses 1,408 13,609
446,708 416,754

Ward Goodman Financial Services Limited (Registered number: 04494861)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Accruals and deferred income - 2,403