Company Registration No. 08695461 (England and Wales)
Garwood Wealth Management Limited
Unaudited accounts
for the year ended 31 March 2026
Garwood Wealth Management Limited
Unaudited accounts
Contents
Garwood Wealth Management Limited
Company Information
for the year ended 31 March 2026
Directors
Kristopher Garwood
Felicity Garwood
Company Number
08695461 (England and Wales)
Registered Office
10 High Street
FAREHAM
HAMPSHIRE
PO16 7AN
Garwood Wealth Management Limited
Statement of financial position
as at 31 March 2026
Tangible assets
41,806
42,237
Cash at bank and in hand
110,132
74,371
Creditors: amounts falling due within one year
(64,755)
(40,018)
Net current assets
57,377
34,353
Total assets less current liabilities
99,183
76,590
Creditors: amounts falling due after more than one year
(88,337)
(28,272)
Called up share capital
100
100
Profit and loss account
10,746
48,218
Shareholders' funds
10,846
48,318
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2026 and were signed on its behalf by
Kristopher Garwood
Director
Company Registration No. 08695461
Garwood Wealth Management Limited
Notes to the Accounts
for the year ended 31 March 2026
Garwood Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 08695461. The registered office is 10 High Street, FAREHAM, HAMPSHIRE, PO16 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value of services provided to clients.
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% per annum straight line
Computer equipment
25% per annum straight line
Rentals applicable to operating leases where substantially all of the benefits of risk of ownership remain with the lessor are charged to the profit and loss account as incurred.
Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.
Government grants are recognised under the accrual model meaning that grants relating to revenue shall be recognised in income, on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate
Garwood Wealth Management Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
51,000
10,806
61,806
At 31 March 2026
51,000
15,327
66,327
At 1 April 2025
11,688
7,881
19,569
Charge for the year
3,187
1,765
4,952
At 31 March 2026
14,875
9,646
24,521
At 31 March 2026
36,125
5,681
41,806
At 31 March 2025
39,312
2,925
42,237
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
15,200
15,200
Taxes and social security
42,206
22,180
Other creditors
7,298
2,558
Loans from directors
51
80
7
Creditors: amounts falling due after more than one year
2026
2025
Obligations under finance leases and hire purchase contracts
28,337
28,272
The related party transaction relates to an overdrawn directors loan balance.
9
Average number of employees
During the year the average number of employees was 2 (2025: 0).