Company registration number 04205904 (England and Wales)
MWS FINANCIAL ADVISERS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
MWS FINANCIAL ADVISERS LTD
COMPANY INFORMATION
Directors
Mr S Matthews
Mr J A Watts
Company number
04205904
Registered office
9 Station Road
Knowle
Solihull
West Midlands
B93 0HL
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
201 Stratford Road
Shirley
West Midlands
B90 3AT
MWS FINANCIAL ADVISERS LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
MWS FINANCIAL ADVISERS LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MWS FINANCIAL ADVISERS LTD FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MWS Financial Advisers Ltd for the year ended 31 March 2025 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of MWS Financial Advisers Ltd, 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 MWS Financial Advisers Ltd and state those matters that we have agreed to state to the board of directors of MWS Financial Advisers Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MWS Financial Advisers Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that MWS Financial Advisers Ltd 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 MWS Financial Advisers Ltd. You consider that MWS Financial Advisers Ltd 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 MWS Financial Advisers Ltd. 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.

Ormerod Rutter Limited
16 June 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
MWS FINANCIAL ADVISERS LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
70,594
80,974
Current assets
Debtors
4
-
0
808
Cash at bank and in hand
1,098,669
687,019
1,098,669
687,827
Creditors: amounts falling due within one year
5
(197,943)
(144,433)
Net current assets
900,726
543,394
Total assets less current liabilities
971,320
624,368
Provisions for liabilities
6
(10,757)
(8,997)
Net assets
960,563
615,371
Capital and reserves
Called up share capital
7
101
101
Profit and loss reserves
960,462
615,270
Total equity
960,563
615,371

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 16 June 2025 and are signed on its behalf by:
Mr J A Watts
Director
Company registration number 04205904 (England and Wales)
MWS FINANCIAL ADVISERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

MWS Financial Advisers Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 9 Station Road, Knowle, Solihull, West Midlands, B93 0HL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% on reducing balance
Computer equipment
25% on reducing balance
Motor vehicles
25% on reducing balance

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

MWS FINANCIAL ADVISERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
7
5
MWS FINANCIAL ADVISERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Office equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
17,048
54,573
103,189
174,810
Additions
2,115
11,073
-
0
13,188
At 31 March 2025
19,163
65,646
103,189
187,998
Depreciation and impairment
At 1 April 2024
14,651
41,726
37,459
93,836
Depreciation charged in the year
1,129
6,007
16,432
23,568
At 31 March 2025
15,780
47,733
53,891
117,404
Carrying amount
At 31 March 2025
3,383
17,913
49,298
70,594
At 31 March 2024
2,397
12,847
65,730
80,974
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
808
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
228
-
0
Taxation and social security
193,797
137,083
Other creditors
3,918
7,350
197,943
144,433
6
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
10,757
8,997
MWS FINANCIAL ADVISERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
25
25
25
25
Ordinary B of £1 each
1
1
1
1
Ordinary C of £1 each
10
10
10
10
Ordinary D of £1 each
15
15
15
15
Ordinary E of £1 each
10
10
10
10
Ordinary F of £1 each
5
5
5
5
Ordinary G of £1 each
5
5
5
5
Ordinary H of £1 each
30
30
30
30
101
101
101
101
8
Ultimate controlling party

There is no ultimate controlling party.

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