W.DENIS FINANCIAL SERVICES LIMITED

W.DENIS FINANCIAL SERVICES LIMITED

W.DENIS FINANCIAL SERVICES LIMITED - Company Information

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W.DENIS FINANCIAL SERVICES LIMITED

Company Registration Number:
02084973 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

W.DENIS FINANCIAL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

W.DENIS FINANCIAL SERVICES LIMITED

Balance sheet

As at 31 December 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 10,831 12,788
Total fixed assets: 10,831 12,788
Current assets
Debtors:   120,917 60,081
Cash at bank and in hand: 562,169 621,898
Investments:   1,904,347 1,768,821
Total current assets: 2,587,433 2,450,800
Net current assets (liabilities): 2,587,433 2,450,800
Total assets less current liabilities: 2,598,264 2,463,588
Creditors: amounts falling due after more than one year:   (270,635) (62,037)
Provision for liabilities: (2,700) (3,200)
Total net assets (liabilities): 2,324,929 2,398,351
Capital and reserves
Called up share capital: 4,900 4,900
Other reserves: 5,100 5,100
Profit and loss account: 2,314,929 2,388,351
Shareholders funds: 2,324,929 2,398,351

The notes form part of these financial statements

W.DENIS FINANCIAL SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 February 2024
and signed on behalf of the board by:

Name: J M Short
Status: Director

The notes form part of these financial statements

W.DENIS FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated cancelled contracts, rebates and similar allowances

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.Depreciation is provided on a reducing balance basis at the following annual rates in order to write off the cost of fixed assets, less their estimated residual value, over their estimated useful lives.Fixtures & fittings 15% & 20%

Valuation and information policy

INVESTMENTSInvestments are shown at fair value at the balance sheet date. Realised and unrealised gains on investments are recognised in the Income and Expenditure Account.

Other accounting policies

LEASESWhere the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a ‘finance lease’. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.All other leases are accounted for as ‘operating leases’ and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.TAXATIONTaxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. PENSION SCHEME ARRANGEMENTSThe company makes contributions to a defined contribution scheme, the assets of the scheme being held separately from the assets of the company. The pension cost chargerepresents contributions payable to the scheme. The company's liability is limited to the amount of the contribution.

W.DENIS FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 8 8

W.DENIS FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 83,848
Additions 654
At 31 December 2023 84,502
Depreciation
At 01 January 2023 71,060
Charge for year 2,611
At 31 December 2023 73,671
Net book value
At 31 December 2023 10,831
At 31 December 2022 12,788

W.DENIS FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Loans to directors

Name of director receiving advance or credit: J M Short
Description of the loan: Included within Debtors is a loan to the director of £80,000. The loan was made available to the director on 28 November 2023 and was repaid in full on 2 January 2024. The loan was unsecured and interest free.
£
Balance at 01 January 2023 0
Advances or credits made: 80,000
Advances or credits repaid: 0
Balance at 31 December 2023 80,000