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REGISTERED NUMBER: 07359035 (England and Wales)










Whitaker Midgley Wealth Management
Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024






Whitaker Midgley Wealth Management
Limited (Registered number: 07359035)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Whitaker Midgley Wealth Management
Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: J Midgley
P Whitaker
Miss S Cree
Mrs R L Midgley





REGISTERED OFFICE: Suite 3, Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ





REGISTERED NUMBER: 07359035 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Whitaker Midgley Wealth Management
Limited (Registered number: 07359035)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 75,206 106,219
75,206 106,219

CURRENT ASSETS
Debtors 6 68,905 74,057
Cash at bank 66,651 59,381
135,556 133,438
CREDITORS
Amounts falling due within one year 7 (115,308 ) (100,451 )
NET CURRENT ASSETS 20,248 32,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,454

139,206

CREDITORS
Amounts falling due after more than one
year

8

(74,044

)

(96,188

)

PROVISIONS FOR LIABILITIES (18,802 ) (26,555 )
NET ASSETS 2,608 16,463

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,508 16,363
SHAREHOLDERS' FUNDS 2,608 16,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Whitaker Midgley Wealth Management
Limited (Registered number: 07359035)

Balance Sheet - continued
31 August 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 30 January 2025 and were signed on its behalf by:





P Whitaker - Director


Whitaker Midgley Wealth Management
Limited (Registered number: 07359035)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Whitaker Midgley Wealth Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is recognised when it is credited to the monthly St.James Place Practice Summaries.

Goodwill
Goodwill is being amortised evenly over the estimated useful life of ten years in connection with the following transactions:-

Acquisition of a business on the 31st August 2010 and a further acquisition on the 1st March 2012.

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.

Whitaker Midgley Wealth Management
Limited (Registered number: 07359035)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.

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.

Whitaker Midgley Wealth Management
Limited (Registered number: 07359035)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals applicable to operating leases where substantially all of teh benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 423,518
AMORTISATION
At 1 September 2023
and 31 August 2024 423,518
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Cost or valuation at 31 August 2024 is represented by:

Goodwill
£   
Valuation in 2023 423,518

Whitaker Midgley Wealth Management
Limited (Registered number: 07359035)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 158,333
Additions 102
At 31 August 2024 158,435
DEPRECIATION
At 1 September 2023 52,114
Charge for year 31,115
At 31 August 2024 83,229
NET BOOK VALUE
At 31 August 2024 75,206
At 31 August 2023 106,219

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 29,120 30,937
Other debtors 39,785 43,120
68,905 74,057

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 22,144 20,915
Trade creditors 1,390 3,676
Taxation and social security 85,819 70,769
Other creditors 5,955 5,091
115,308 100,451

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 74,044 96,188

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The total cost of the company's scheme was £63,578 (2023: £62,428). There were no contributions outstanding at the year end.

Whitaker Midgley Wealth Management
Limited (Registered number: 07359035)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
J Midgley
Balance outstanding at start of year (648 ) (10,270 )
Amounts advanced 82,157 73,934
Amounts repaid (81,512 ) (64,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3 ) (648 )

P Whitaker
Balance outstanding at start of year (649 ) (9,821 )
Amounts advanced 81,712 73,484
Amounts repaid (82,655 ) (64,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,592 ) (649 )

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Whitaker Midgley Wealth Management
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Whitaker Midgley Wealth Management Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Whitaker Midgley Wealth Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Whitaker Midgley Wealth Management Limited and state those matters that we have agreed to state to the Board of Directors of Whitaker Midgley Wealth Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whitaker Midgley Wealth Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Whitaker Midgley Wealth Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Whitaker Midgley Wealth Management Limited. You consider that Whitaker Midgley Wealth Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Whitaker Midgley Wealth Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ


Date: .............................................