D.S. HOWELL FINANCIAL SERVICES LIMITED

Company Registration Number:
05306054 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

D.S. HOWELL FINANCIAL SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

D.S. HOWELL FINANCIAL SERVICES LIMITED

Company Information

for the Period Ended 31 March 2023




Director: A Sharkey
Secretary: A Sharkey
Registered office: Second Floor
Charterhouse Ii
Links Business Park
Cardiff
GB-WLS
CF3 0LT
Company Registration Number: 05306054 (England and Wales)

D.S. HOWELL FINANCIAL SERVICES LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 5 29,140 9,760
Tangible assets: 6 5,793 4,587
Total fixed assets: 34,933 14,347
Current assets
Debtors: 7 8,678 8,149
Cash at bank and in hand: 175,779 179,929
Total current assets: 184,457 188,078
Creditors: amounts falling due within one year: 8 ( 24,533 ) ( 32,961 )
Net current assets (liabilities): 159,924 155,117
Total assets less current liabilities: 194,857 169,464
Total net assets (liabilities): 194,857 169,464

The notes form part of these financial statements

D.S. HOWELL FINANCIAL SERVICES LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 194,757 169,364
Shareholders funds: 194,857 169,464

For the year ending 31 March 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.

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

This report was approved by the board of directors on 16 November 2023
And Signed On Behalf Of The Board By:

Name: A Sharkey
Status: Director

The notes form part of these financial statements

D.S. HOWELL FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    All commissions, including indemnity commissions, shown in the financial statements are calculated on a receipt basis. Turnover is attributable
    to one continuing activity, the provision of financial services advice.

    Tangible fixed assets depreciation policy

    Depreciation is provided on all fixed assets at rates calculated to write off their cost evenly over their expected, useful lives as follows: Office
    Equipment - 5 years, Computer Equipment 4 years.

    Intangible fixed assets amortisation policy

    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.

D.S. HOWELL FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 4

D.S. HOWELL FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

D.S. HOWELL FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Dividends


2023
£

2022
£
Dividends paid 2,000 2,000

D.S. HOWELL FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Intangible assets

Goodwill Other Total
Cost £ £ £
At 01 April 2022 64,000 - 64,000
Additions - 25,000 25,000
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2023 64,000 25,000 89,000
Amortisation
Amortisation at 01 April 2022 54,240 - 54,240
Charge for year 3,120 2,500 5,620
On disposals - - -
Other adjustments - - -
Amortisation at 31 March 2023 57,360 2,500 59,860
Net book value
Net book value at 31 March 2023 6,640 22,500 29,140
Net book value at 31 March 2022 9,760 - 9,760

D.S. HOWELL FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Tangible assets

Fixtures & fittings Office equipment Total
Cost £ £ £
At 01 April 2022 14,841 10,227 25,068
Additions 4,179 486 4,665
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2023 19,020 10,713 29,733
Depreciation
At 01 April 2022 12,564 7,917 20,481
Charge for year 1,804 1,655 3,459
On disposals - - -
Other adjustments - - -
At 31 March 2023 14,368 9,572 23,940
Net book value
At 31 March 2023 4,652 1,141 5,793
At 31 March 2022 2,277 2,310 4,587

D.S. HOWELL FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Debtors


2023
£

2022
£
Prepayments and accrued income 4,178 3,649
Other debtors 4,500 4,500
Total 8,678 8,149

D.S. HOWELL FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

8.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 14,654 22,584
Taxation and social security 9,823 10,321
Other creditors 56 56
Total 24,533 32,961