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REGISTERED NUMBER: 12544128 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

SAM DONOVAN FINANCIAL SERVICES LIMITED

SAM DONOVAN FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 12544128)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAM DONOVAN FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTOR: S J Donovan





SECRETARY: Ms P V Hadkinson





REGISTERED OFFICE: Payton House
Packwood Court
Guild Street
STRATFORD-UPON-AVON
CV37 6RP





REGISTERED NUMBER: 12544128 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Payton House
Guild Street
Stratford-upon-Avon
Warwickshire
CV37 6RP

SAM DONOVAN FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 12544128)

STATEMENT OF FINANCIAL POSITION
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,700 8,800
Tangible assets 5 1,727 800
9,427 9,600

CURRENT ASSETS
Debtors 6 956 -
Cash at bank 10,386 23,898
11,342 23,898
CREDITORS
Amounts falling due within one year 7 20,298 19,724
NET CURRENT (LIABILITIES)/ASSETS (8,956 ) 4,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

471

13,774

PROVISIONS FOR LIABILITIES 328 -
NET ASSETS 143 13,774

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43 13,674
143 13,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SAM DONOVAN FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 12544128)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





S J Donovan - Director


SAM DONOVAN FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 12544128)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Sam Donovan 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Pension costs and other post-retirement benefits
During the year, the company paid pension contributions into a personal pension scheme on behalf of the directors

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SAM DONOVAN FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 12544128)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 11,000
AMORTISATION
At 1 May 2022 2,200
Charge for year 1,100
At 30 April 2023 3,300
NET BOOK VALUE
At 30 April 2023 7,700
At 30 April 2022 8,800

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022 805 350 1,155
Additions - 1,503 1,503
At 30 April 2023 805 1,853 2,658
DEPRECIATION
At 1 May 2022 201 154 355
Charge for year 151 425 576
At 30 April 2023 352 579 931
NET BOOK VALUE
At 30 April 2023 453 1,274 1,727
At 30 April 2022 604 196 800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 956 -

SAM DONOVAN FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 12544128)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 20,298 18,722
Other creditors - 1,002
20,298 19,724

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director’s current account became overdrawn, the maximum amount during the year was £3,700 (2022: £Nil) and the year end balance was £715 (2022: £Nil).

9. RELATED PARTY DISCLOSURES

At 30th April 2023 other creditors included loans made to the company by the directors of £nil (2022: £42). The loans are interest free and have no fixed date for repayment.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Donovan.