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REGISTERED NUMBER: 07008664 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED

WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED (REGISTERED NUMBER: 07008664)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: N P Harris





SECRETARY: N P Harris





REGISTERED OFFICE: Mountfield House
663 High Street
Kingswinford
West Midlands
DY6 8AL





REGISTERED NUMBER: 07008664 (England and Wales)





ACCOUNTANTS: French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director 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 Woolley & Harris Independent Financial Advisors Limited for the year ended 31st December 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Woolley & Harris Independent Financial Advisors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Woolley & Harris Independent Financial Advisors Limited and state those matters that we have agreed to state to the director of Woolley & Harris Independent Financial Advisors Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Woolley & Harris Independent Financial Advisors 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 Woolley & Harris Independent Financial Advisors Limited. You consider that Woolley & Harris Independent Financial Advisors 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 Woolley & Harris Independent Financial Advisors 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.






French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL


25th April 2025

WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED (REGISTERED NUMBER: 07008664)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,462 57,086
38,462 57,086

CURRENT ASSETS
Debtors 6 7,632 15,240
Cash at bank and in hand 53,005 64,392
60,637 79,632
CREDITORS
Amounts falling due within one year 7 32,631 32,288
NET CURRENT ASSETS 28,006 47,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,468

104,430

CREDITORS
Amounts falling due after more than one
year

8

(34,279

)

(40,787

)

PROVISIONS FOR LIABILITIES (7,280 ) (11,996 )
NET ASSETS 24,909 51,647

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,809 51,547
SHAREHOLDERS' FUNDS 24,909 51,647

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED (REGISTERED NUMBER: 07008664)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th April 2025 and were signed by:





N P Harris - Director


WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED (REGISTERED NUMBER: 07008664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Woolley & Harris Independent Financial Advisors 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.

Turnover
Turnover represents commissions receivable, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED (REGISTERED NUMBER: 07008664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1st January 2024
and 31st December 2024 250,000
AMORTISATION
At 1st January 2024
and 31st December 2024 250,000
NET BOOK VALUE
At 31st December 2024 -
At 31st December 2023 -

WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED (REGISTERED NUMBER: 07008664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st January 2024 98,429
Disposals (20,015 )
At 31st December 2024 78,414
DEPRECIATION
At 1st January 2024 41,343
Charge for year 13,913
Eliminated on disposal (15,304 )
At 31st December 2024 39,952
NET BOOK VALUE
At 31st December 2024 38,462
At 31st December 2023 57,086

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST
At 1st January 2024 75,964
Disposals (15,019 )
At 31st December 2024 60,945
DEPRECIATION
At 1st January 2024 26,012
Charge for year 12,488
Eliminated on disposal (10,694 )
At 31st December 2024 27,806
NET BOOK VALUE
At 31st December 2024 33,139
At 31st December 2023 49,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,189 11,845
Other debtors 1,443 3,395
7,632 15,240

WOOLLEY & HARRIS INDEPENDENT FINANCIAL
ADVISORS LIMITED (REGISTERED NUMBER: 07008664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 9) 6,508 6,508
Trade creditors - 273
Taxation and social security 5,782 18,555
Other creditors 20,341 6,952
32,631 32,288

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts (see note 9) 34,279 40,787

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 6,508 6,508
Between one and five years 34,279 40,787
40,787 47,295

Non-cancellable
operating leases
2024 2023
£ £
Within one year 3,376 4,152
Between one and five years 3,658 7,034
7,034 11,186

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 40,787 47,295

Hire purchase liabilities are secured against the asset to which they relate.