REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 March 2024 |
for |
Woolhouse Douglas Wealth Management Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 March 2024 |
for |
Woolhouse Douglas Wealth Management Ltd |
Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203) |
Contents of the Financial Statements |
for the Year Ended 30 March 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Woolhouse Douglas Wealth Management Ltd |
Company Information |
for the Year Ended 30 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
5 Westbrook Court |
Sharrowvale Road |
Sheffield |
S11 8YZ |
Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203) |
Statement of Financial Position |
30 March 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Property, plant and equipment | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203) |
Statement of Financial Position - continued |
30 March 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203) |
Notes to the Financial Statements |
for the Year Ended 30 March 2024 |
1. | STATUTORY INFORMATION |
Woolhouse Douglas Wealth Management Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of businesses in 2019, are being amortised evenly over their estimated useful life of ten years. |
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. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current 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 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 statement of financial position 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 |
Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203) |
Notes to the Financial Statements - continued |
for the Year Ended 30 March 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 31 March 2023 |
Disposals | ( |
) |
At 30 March 2024 |
AMORTISATION |
At 31 March 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
At 30 March 2023 |
5. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 31 March 2023 |
Additions |
At 30 March 2024 |
DEPRECIATION |
At 31 March 2023 |
Charge for year |
At 30 March 2024 |
NET BOOK VALUE |
At 30 March 2024 |
At 30 March 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
SJP Account |
Directors' current accounts | 482,019 | 495,671 |
Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203) |
Notes to the Financial Statements - continued |
for the Year Ended 30 March 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Other loans |
Tax |
Social security and other taxes |
Pension creditor | - | 459 |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Other loans - 1-2 years | 7,232 | 62,209 |
Other loans - 2-5 years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 90 | 90 |
Ordinary C | £1 | 10 | 10 |
Ordinary D | £1 | 10 | 10 |
Ordinary B | £1 | 10 | 10 |
Ordinary E | £1 | 1 | - |
121 | 120 |
Allotted and issued: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Share capital 5 | £1 | 1 | - |
The following shares were issued during the year for cash at par : |
1 Ordinary E share of £1 |
Woolhouse Douglas Wealth Management Ltd (Registered number: 07186203) |
Notes to the Financial Statements - continued |
for the Year Ended 30 March 2024 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 March 2024 and 30 March 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Amounts are repayable on demand with interest being charged at the HMRC official rate. |