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REGISTERED NUMBER: 07229795 (England and Wales)











Financial Statements

for the Year Ended 30th April 2024

for

WARD JAMES ASSOCIATES LIMITED

WARD JAMES ASSOCIATES LIMITED (REGISTERED NUMBER: 07229795)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WARD JAMES ASSOCIATES LIMITED

Company Information
for the year ended 30th April 2024







DIRECTORS: M J W Smith
N Tucker





REGISTERED OFFICE: Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ





REGISTERED NUMBER: 07229795 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

WARD JAMES ASSOCIATES LIMITED (REGISTERED NUMBER: 07229795)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 10,800
Tangible assets 5 2,014 3,008
6,814 13,808

CURRENT ASSETS
Debtors 6 290,295 311,375
Cash at bank 94,709 144,530
385,004 455,905
CREDITORS
Amounts falling due within one year 7 114,798 139,125
NET CURRENT ASSETS 270,206 316,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,020

330,588

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 276,920 330,488
SHAREHOLDERS' FUNDS 277,020 330,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 JAMES ASSOCIATES LIMITED (REGISTERED NUMBER: 07229795)

Balance Sheet - continued
30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2024 and were signed on its behalf by:




M J W Smith - Director



N Tucker - Director


WARD JAMES ASSOCIATES LIMITED (REGISTERED NUMBER: 07229795)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

Ward James Associates 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arose on the acquisition of a business in 2010. Following a review carried out by the directors, this goodwill is now being written off over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

WARD JAMES ASSOCIATES LIMITED (REGISTERED NUMBER: 07229795)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 60,000
AMORTISATION
At 1st May 2023 49,200
Charge for year 6,000
At 30th April 2024 55,200
NET BOOK VALUE
At 30th April 2024 4,800
At 30th April 2023 10,800

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st May 2023
and 30th April 2024 2,609 14,343 16,952
DEPRECIATION
At 1st May 2023 2,505 11,439 13,944
Charge for year 35 959 994
At 30th April 2024 2,540 12,398 14,938
NET BOOK VALUE
At 30th April 2024 69 1,945 2,014
At 30th April 2023 104 2,904 3,008

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,660 21,540
Other debtors 283,635 289,835
290,295 311,375

WARD JAMES ASSOCIATES LIMITED (REGISTERED NUMBER: 07229795)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 28,080 32,820
Corporation tax 45,620 41,270
Social security and other taxes 718 6,890
VAT 20,498 35,674
Other creditors 1,918 3,697
Directors' current accounts 1,414 2,274
Accrued expenses 16,550 16,500
114,798 139,125

8. CALLED UP SHARE CAPITAL

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

9. RELATED PARTY DISCLOSURES

Included in other debtors is a loan made to a company in which Messrs Smith and Tucker are directors and shareholders.
The loan does not bear any interest, nor are there any specific repayment terms. The balance at 30th April 2024 was £280,835 (2023 -£280,835).