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REGISTERED NUMBER: 08303250 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

D F WILLIAMS FINANCIAL SERVICES LIMITED

D F WILLIAMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 08303250)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D F WILLIAMS FINANCIAL SERVICES LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: D Williams





REGISTERED OFFICE: The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ





REGISTERED NUMBER: 08303250 (England and Wales)





ACCOUNTANTS: Allium Wood Limited
Chartered Certified Accountants
The Chestnuts
Brewers End
Takeley
Essex
CM22 6QJ

D F WILLIAMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 08303250)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 618 945
618 945

CURRENT ASSETS
Debtors 6 52 52
Cash at bank 24,358 30,295
24,410 30,347
CREDITORS
Amounts falling due within one year 7 (19,331 ) (28,913 )
NET CURRENT ASSETS 5,079 1,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,697

2,379

PROVISIONS FOR LIABILITIES (155 ) (180 )
NET ASSETS 5,542 2,199

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,442 2,099
SHAREHOLDERS' FUNDS 5,542 2,199

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

D F WILLIAMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 08303250)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





D Williams - Director


D F WILLIAMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 08303250)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

D F Williams 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.

The presentation currency is £ sterling.

Turnover
Turnover represents commissions receivable regarding policies underwritten at the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of two years.

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 - 33% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Contingent liability
The company is subject to clawbacks of commission in the event of a policy being cancelled. As it is not possible to forecast the number of policies which may be cancelled, a value for the contingent liability has not been calculated.

3. EMPLOYEES AND DIRECTORS

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

D F WILLIAMS FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 08303250)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 10,000
AMORTISATION
At 1 December 2022
and 30 November 2023 10,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 2,738
DEPRECIATION
At 1 December 2022 1,793
Charge for year 327
At 30 November 2023 2,120
NET BOOK VALUE
At 30 November 2023 618
At 30 November 2022 945

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 52 52

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 6,141 6,567
Other creditors 13,190 22,346
19,331 28,913