Ward & Co Consultants Limited 14316329 false 2024-02-22 2025-02-19 2025-02-19 The principal activity of the company is accountancy and taxation services. Digita Accounts Production Advanced 6.30.9574.0 true 14316329 2024-02-22 2025-02-19 14316329 2025-02-19 14316329 core:CurrentFinancialInstruments 2025-02-19 14316329 core:CurrentFinancialInstruments core:WithinOneYear 2025-02-19 14316329 core:FurnitureFittingsToolsEquipment 2025-02-19 14316329 bus:SmallEntities 2024-02-22 2025-02-19 14316329 bus:AuditExemptWithAccountantsReport 2024-02-22 2025-02-19 14316329 bus:FilletedAccounts 2024-02-22 2025-02-19 14316329 bus:SmallCompaniesRegimeForAccounts 2024-02-22 2025-02-19 14316329 bus:RegisteredOffice 2024-02-22 2025-02-19 14316329 bus:Director1 2024-02-22 2025-02-19 14316329 bus:PrivateLimitedCompanyLtd 2024-02-22 2025-02-19 14316329 bus:Agent1 2024-02-22 2025-02-19 14316329 core:FurnitureFittingsToolsEquipment 2024-02-22 2025-02-19 14316329 countries:AllCountries 2024-02-22 2025-02-19 14316329 2024-02-21 14316329 core:FurnitureFittingsToolsEquipment 2024-02-21 14316329 2022-08-24 2024-02-21 14316329 2024-02-21 14316329 core:CurrentFinancialInstruments 2024-02-21 14316329 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-21 14316329 core:FurnitureFittingsToolsEquipment 2024-02-21 iso4217:GBP xbrli:pure

Registration number: 14316329

Ward & Co Consultants Limited
Unaudited Filleted Financial Statements
for the Period from 22 February 2024 to 19 February 2025

Ward & Co Consultants Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Ward & Co Consultants Limited

Company Information

Director | Mr John Ward

Registered office | West Penhill Farm Fremington Barnstaple Devon EX31 2NG

Accountants | Ward & Co Consultants Limited West Penhill Farm Fremington Barnstaple Devon EX31 2NG

Ward & Co Consultants Limited

(Registration number: 14316329)
Balance Sheet as at 19 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 5,263 | 17,401
Current assets |  |  |
Stock | 5 | 181,767 | 179,767
Debtors | 6 | 757,807 | 185,327
Cash at bank and in hand |  | 45,343 | 56,679
|  | 984,917 | 421,773
Creditors: Amounts falling due within one year | 7 | (412,485) | (313,559)
Net current assets |  | 572,432 | 108,214
Net assets |  | 577,695 | 125,615
Capital and reserves |  |  |
Retained earnings |  | 577,695 | 125,615
Shareholders' funds |  | 577,695 | 125,615

For the financial period ending 19 February 2025 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 period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 July 2026

......................................... Mr John Ward Director

Ward & Co Consultants Limited

Notes to the Unaudited Financial Statements for the Period from 22 February 2024 to 19 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England .

The address of its registered office is:
West Penhill Farm
Fremington
Barnstaple
Devon
EX31 2NG

These financial statements were authorised for issue by the director on 9 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Ward & Co Consultants Limited

Notes to the Unaudited Financial Statements for the Period from 22 February 2024 to 19 February 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stock are assessed for impairment. If stock are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ward & Co Consultants Limited

Notes to the Unaudited Financial Statements for the Period from 22 February 2024 to 19 February 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 17 (2024 - 13).

Ward & Co Consultants Limited

Notes to the Unaudited Financial Statements for the Period from 22 February 2024 to 19 February 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 22 February 2024 | 34,218 | 34,218
Additions | 6,827 | 6,827
At 19 February 2025 | 41,045 | 41,045
Depreciation
At 22 February 2024 | 16,817 | 16,817
Charge for the period | 18,965 | 18,965
At 19 February 2025 | 35,782 | 35,782
Carrying amount
At 19 February 2025 | 5,263 | 5,263
At 21 February 2024 | 17,401 | 17,401

5 | Stock

| 2025 £ | 2024 £
Work in progress | 181,767 | 179,767

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 221,907 | 148,554
Other debtors | 535,900 | 36,773
| 757,807 | 185,327

Ward & Co Consultants Limited

Notes to the Unaudited Financial Statements for the Period from 22 February 2024 to 19 February 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 154,730 | 188,902
Taxation and social security | 235,528 | 56,657
Other creditors | 22,227 | 68,000
| 412,485 | 313,559