Ward Goodman Financial Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04494861 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Ward Goodman Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D E R Lapthorn

Mr R S Duckworth

Mr I M Rodd

Mr G Simon

Mr A Foster

SECRETARY:

Mr R S Duckworth

REGISTERED OFFICE:

4 Cedar Park

Cobham Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7SF

REGISTERED NUMBER:

04494861 (England and Wales)

ACCOUNTANTS:

Ward Goodman

4 Cedar Park

Cobham Road

Ferndown Industrial Estate

Wimborne

Dorset

BH21 7SF

FIXED ASSETS

Investments

3

10,888

10,888

CURRENT ASSETS

Debtors

4

269,363

282,111

Cash at bank

168,301

171,760

437,664

453,871

CREDITORS

Amounts falling due within one year

5

274,709

293,535

NET CURRENT ASSETS

162,955

160,336

TOTAL ASSETS LESS CURRENT LIABILITIES

173,843

171,224

CREDITORS

Amounts falling due after more than one year

6

11,557

12,722

NET ASSETS

162,286

158,502

CAPITAL AND RESERVES

Called up share capital

14,285

14,285

Share premium

85,715

85,715

Retained earnings

62,286

58,502

SHAREHOLDERS' FUNDS

162,286

158,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 23 October 2019 and were signed on its behalf by:

Mr I M Rodd - Director

Mr G Simon - Director

1.	STATUTORY INFORMATION

Ward Goodman Financial Services Limited 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

Turnover is based on commissions received and fees delivered (ex VAT), together with the opening and closing

valuations of unbilled contract work in progress. Income in respect of the company's appointed representatives is

received by the company but is not included in turnover as all this income is due in full to the appointed

representatives.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 tax

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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

and 31 March 2019

10,888

NET BOOK VALUE

At 31 March 2019

10,888

At 31 March 2018

10,888

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

12,404

9,601

Amounts owed by group undertakings

184,207

196,717

Other debtors

72,752

75,793

269,363

282,111

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other loans

15,000

-

Trade creditors

32,953

37,333

Amounts owed to group undertakings

201,310

210,176

Corporation tax

24,508

39,758

Social security and other taxes

(493

)

(1,614

)

Accrued expenses

1,431

7,882

274,709

293,535

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Accruals and deferred income

11,557

12,722

7.	CONTINGENT LIABILITIES

The bank overdraft is secured by way of a standard debenture with the company bankers and provides a cross

guarantee with Ward Goodman Limited.