West Financial Management Co Limited

West Financial Management Co Limited
Director's Report
For the year ended 31 May 2026

Director's report and financial statements

The director presents her annual report and the financial statements for the year ended 31 May 2026.

Principal activities

The principal activity of the company in the year under review was that of independent financial advisers.

Director

The director who has held office during the whole of the year was as follows:

Mrs H Meneilly

Political and charitable donations

Donations for the year ended 31 May 2026 were £5,718 including £3,524 donated to the Million Dollar Round Table.

Statement of director's responsibilities

The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.

----------------------------------
Mrs H Meneilly
Director

Date approved: 02 July 2026

West Financial Management Co Limited
Statement of Financial Position
As at 31 May 2026

	Notes	2026 £	2025 £
Fixed assets
Intangible fixed assets	3	175,200	149,396
Tangible fixed assets	4	3,566	219,219
Investments	5	219,416	65,643
		398,182	434,258
Current assets
Debtors	6	18,066	10,613
Cash at bank and in hand		152,446	119,778
		170,512	130,391
Creditors: amount falling due within one year	7	(62,866)	(48,570)
Net current assets		107,646	81,821

Total assets less current liabilities		505,828	516,079
Creditors: amount falling due after more than one year	8	(24,852)	(30,687)
Provisions for liabilities	9	(855)	(990)
Net assets		480,121	484,402

Capital and reserves
Called up share capital		2	2
Profit and loss account		480,119	484,400
Shareholders' funds		480,121	484,402

For the year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 02 July 2026 and were signed by:

-------------------------------
Mrs H Meneilly
Director

West Financial Management Co Limited
Notes to the Financial Statements
For the year ended 31 May 2026

General Information

West Financial Management Co Limited is a private company, limited by shares, registered in England and Wales, registration number 04985517, registration address 1 Lockyer Road, Mannamead, Plymouth, Devon, PL3 4RL. The trading address of the company is 55 Hyde Park Road, Mutley, Plymouth, Devon, PL3 4JN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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.

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 taxation

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.

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.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.

Tangible fixed assets

The property has been revalued in the year and a view has been taken that depreciation is not necessary because the residual value will be higher than the cost price.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Building Fixtures	25% Straight Line
Fixtures and Fittings	25% Straight Line
Computer Equipment	3 years Straight Line

Factored debts

The company operates a defined contribution pension scheme. The contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	Average no of employees Average number of employees during the year was 7 (2025 : 6).

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 June 2025	573,396	573,396
Additions	94,000	94,000
Disposals	-	-
At 31 May 2026	667,396	667,396
Amortisation
At 01 June 2025	424,000	424,000
Charge for year	68,196	68,196
On disposals	-	-
At 31 May 2026	492,196	492,196
Net book values
At 31 May 2026	175,200	175,200
At 31 May 2025	149,396	149,396

Tangible fixed assets

Cost or valuation	Land and Buildings	Building Fixtures	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 June 2025	265,376	22,449	21,243	36,825	345,893
Additions	-	-	778	3,140	3,918
Disposals	(265,376)	(21,627)	-	-	(287,003)
At 31 May 2026	-	822	22,021	39,965	62,808
Depreciation
At 01 June 2025	50,376	22,449	18,165	35,683	126,673
Charge for year	-	-	2,789	1,783	4,572
On disposals	(50,376)	(21,627)	-	-	(72,003)
At 31 May 2026	-	822	20,954	37,466	59,242
Net book values
Closing balance as at 31 May 2026	-	-	1,067	2,499	3,566
Opening balance as at 01 June 2025	215,000	-	3,077	1,142	219,219

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 June 2025	65,643	65,643
Additions	145,000	145,000
Disposals	-	-
Revaluations	8,773	8,773
At 31 May 2026	219,416	219,416

Debtors: amounts falling due within one year

	2026 £		2025 £
Other Debtors	18,066		10,613
	18,066		10,613

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	1,626	3,439
Taxation and Social Security	35,908	29,319
Other Creditors	25,332	15,812
	62,866	48,570

Creditors: amount falling due after more than one year

	2026 £		2025 £
Bank Loans & Overdrafts	24,852		30,687
	24,852		30,687

Provisions for liabilities

	2026 £		2025 £
Deferred Tax	855		990
	855		990

10.

Related party disclosures

During the year, the company paid Mr W J Meneilly, the director's spouse, the following amounts:

	2026 £	2025 £
Computer services	-	8,121
Telephone and associated services	-	17,179
	-	25,300

11.	Ultimate controlling party The company is ultimately controlled by Mrs H Meneilly.

Registered Number: 04985517
England and Wales
Unaudited Financial Statements

for the year ended 31 May 2026
for
WEST FINANCIAL MANAGEMENT CO LIMITED