IRIS Accounts Production v24.1.0.578 09306107 director 1.12.22 30.11.23 30.11.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093061072022-11-30093061072023-11-30093061072022-12-012023-11-30093061072021-11-30093061072021-12-012022-11-30093061072022-11-3009306107ns15:EnglandWales2022-12-012023-11-3009306107ns14:PoundSterling2022-12-012023-11-3009306107ns10:Director12022-12-012023-11-3009306107ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3009306107ns10:SmallEntities2022-12-012023-11-3009306107ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3009306107ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3009306107ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3009306107ns10:FullAccounts2022-12-012023-11-300930610712022-12-012023-11-3009306107ns10:OrdinaryShareClass12022-12-012023-11-3009306107ns10:Director22022-12-012023-11-3009306107ns10:CompanySecretary12022-12-012023-11-3009306107ns10:RegisteredOffice2022-12-012023-11-3009306107ns5:CurrentFinancialInstruments2023-11-3009306107ns5:CurrentFinancialInstruments2022-11-3009306107ns5:ShareCapital2023-11-3009306107ns5:ShareCapital2022-11-3009306107ns5:RetainedEarningsAccumulatedLosses2023-11-3009306107ns5:RetainedEarningsAccumulatedLosses2022-11-3009306107ns5:NetGoodwill2022-12-012023-11-3009306107ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3009306107ns5:PlantMachinery2022-12-012023-11-3009306107ns5:NetGoodwill2022-11-3009306107ns5:NetGoodwill2023-11-3009306107ns5:NetGoodwill2022-11-3009306107ns5:PlantMachinery2022-11-3009306107ns5:PlantMachinery2023-11-3009306107ns5:PlantMachinery2022-11-3009306107ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3009306107ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3009306107ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 09306107 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

WYKE FINANCIAL LIMITED

WYKE FINANCIAL LIMITED (REGISTERED NUMBER: 09306107)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WYKE FINANCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: Mr D Wyke





SECRETARY: Mrs R J Wyke





REGISTERED OFFICE: Studio 11
Corby Enterprise Centre
London Road
Corby
Northamptonshire
NN17 5EU





REGISTERED NUMBER: 09306107 (England and Wales)

WYKE FINANCIAL LIMITED (REGISTERED NUMBER: 09306107)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,042 11,736
10,042 11,736

CURRENT ASSETS
Debtors 6 4,823 21,997
Cash at bank and in hand 105,858 91,366
110,681 113,363
CREDITORS
Amounts falling due within one year 7 86,528 77,839
NET CURRENT ASSETS 24,153 35,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,195

47,260

PROVISIONS FOR LIABILITIES 1,908 2,230
NET ASSETS 32,287 45,030

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 32,187 44,930
SHAREHOLDERS' FUNDS 32,287 45,030

WYKE FINANCIAL LIMITED (REGISTERED NUMBER: 09306107)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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

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

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 28th August 2024 and were signed by:





Mr DM Wyke - Director


WYKE FINANCIAL LIMITED (REGISTERED NUMBER: 09306107)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Wyke Financial 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost basis.

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 2014, is being amortised evenly over its estimated useful life of five 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 cost and 15% on reducing balance

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

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 balance sheet date.


WYKE FINANCIAL LIMITED (REGISTERED NUMBER: 09306107)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2022
and 30th November 2023 50,000
AMORTISATION
At 1st December 2022
and 30th November 2023 50,000
NET BOOK VALUE
At 30th November 2023 -
At 30th November 2022 -

WYKE FINANCIAL LIMITED (REGISTERED NUMBER: 09306107)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022 20,354
Additions 190
At 30th November 2023 20,544
DEPRECIATION
At 1st December 2022 8,618
Charge for year 1,884
At 30th November 2023 10,502
NET BOOK VALUE
At 30th November 2023 10,042
At 30th November 2022 11,736

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,689 -
Other debtors 3,134 21,997
4,823 21,997

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 211 211
Taxation and social security 18,266 19,453
Other creditors 68,051 58,175
86,528 77,839

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.