Woolhouse Douglas Wealth Management Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07186203 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2025

for

Woolhouse Douglas Wealth Management Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C D Woolhouse

REGISTERED OFFICE:

17 Neepsend Triangle Business Centre

1 Burton Road

Sheffield

South Yorkshire

S3 8BW

REGISTERED NUMBER:

07186203 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Intangible assets

4

306,300

371,348

Property, plant and equipment

5

7,400

9,213

313,700

380,561

CURRENT ASSETS

Debtors

6

681,897

600,869

Cash at bank

48,974

73,924

730,871

674,793

CREDITORS

Amounts falling due within one year

7

245,300

313,297

NET CURRENT ASSETS

485,571

361,496

TOTAL ASSETS LESS CURRENT LIABILITIES

799,271

742,057

CREDITORS

Amounts falling due after more than one year

8

(675,563

)

(649,660

)

PROVISIONS FOR LIABILITIES

(1,850

)

(2,053

)

NET ASSETS

121,858

90,344

CAPITAL AND RESERVES

Called up share capital

9

121

Retained earnings

121,737

90,223

SHAREHOLDERS' FUNDS

121,858

90,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 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.

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 director and authorised for issue on 1 December 2025 and were signed by:

Mr C D Woolhouse - Director

1.	STATUTORY INFORMATION

Woolhouse Douglas Wealth Management Ltd 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

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on cost

Computer equipment

-

25% on reducing balance

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 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 March 2024

and 30 March 2025

1,250,484

AMORTISATION

At 31 March 2024

879,136

Charge for year

65,048

At 30 March 2025

944,184

NET BOOK VALUE

At 30 March 2025

306,300

At 30 March 2024

371,348

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 31 March 2024

11,430

20,112

31,542

Additions

500

-

500

At 30 March 2025

11,930

20,112

32,042

DEPRECIATION

At 31 March 2024

6,748

15,581

22,329

Charge for year

1,180

1,133

2,313

At 30 March 2025

7,928

16,714

24,642

NET BOOK VALUE

At 30 March 2025

4,002

3,398

7,400

At 30 March 2024

4,682

4,531

9,213

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

SJP Account

142,043

118,850

Directors' current accounts

539,854

482,019

681,897

600,869

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

26,128

58,908

Other loans

7,889

7,232

Tax

128,919

87,593

Social security and other taxes

(649

)

6,762

Accruals and deferred income

83,013

152,802

245,300

313,297

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 1-2 years

26,128

58,908

Bank loans - 2-5 years

126,286

300,963

Other loans - 1-2 years

7,889

7,232

Other loans - 2-5 years

515,260

282,557

675,563

649,660

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

90

Ordinary

£1

90

10

Ordinary C

£1

10

Ordinary D

£1

10

Ordinary B

£1

10

1

Ordinary E

£1

1

121

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 March 2025 and 30 March 2024:

2025

2024

£

Mr C D Woolhouse

Balance outstanding at start of year

482,019

495,671

Amounts advanced

1,259,530

540,004

Amounts repaid

(1,201,695

)

(553,656

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

539,854

482,019

Amounts are repayable on demand with interest being charged at the HMRC official rate.