IRIS Accounts Production v24.2.0.383 10519945 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh105199452022-12-31105199452023-12-31105199452023-01-012023-12-31105199452021-12-31105199452022-01-012022-12-31105199452022-12-3110519945ns15:EnglandWales2023-01-012023-12-3110519945ns14:PoundSterling2023-01-012023-12-3110519945ns10:Director12023-01-012023-12-3110519945ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110519945ns10:SmallEntities2023-01-012023-12-3110519945ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110519945ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110519945ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110519945ns10:FullAccounts2023-01-012023-12-311051994512023-01-012023-12-3110519945ns10:RegisteredOffice2023-01-012023-12-3110519945ns5:CurrentFinancialInstruments2023-12-3110519945ns5:CurrentFinancialInstruments2022-12-3110519945ns5:Non-currentFinancialInstruments2023-12-3110519945ns5:Non-currentFinancialInstruments2022-12-3110519945ns5:ShareCapital2023-12-3110519945ns5:ShareCapital2022-12-3110519945ns5:RetainedEarningsAccumulatedLosses2023-12-3110519945ns5:RetainedEarningsAccumulatedLosses2022-12-3110519945ns5:NetGoodwill2023-01-012023-12-3110519945ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110519945ns5:FurnitureFittings2023-01-012023-12-3110519945ns5:ComputerEquipment2023-01-012023-12-3110519945ns5:NetGoodwill2022-12-3110519945ns5:NetGoodwill2023-12-3110519945ns5:NetGoodwill2022-12-3110519945ns5:FurnitureFittings2022-12-3110519945ns5:ComputerEquipment2022-12-3110519945ns5:FurnitureFittings2023-12-3110519945ns5:ComputerEquipment2023-12-3110519945ns5:FurnitureFittings2022-12-3110519945ns5:ComputerEquipment2022-12-3110519945ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110519945ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3110519945ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3110519945ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3110519945ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3110519945ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-31
REGISTERED NUMBER: 10519945 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SEXTON FINANCIAL SERVICES LIMITED

SEXTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10519945)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SEXTON FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTOR: Mr G A Sexton





REGISTERED OFFICE: Thrale's End Farm and Business Centre
Unit 16, Thrale's End Lane
Harpenden
Hertfordshire
AL5 3NS





REGISTERED NUMBER: 10519945 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

SEXTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10519945)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,000 21,000
Tangible assets 5 1,834 3,093
15,834 24,093

CURRENT ASSETS
Debtors 6 12,422 7,650
Cash at bank 5,068 6,222
17,490 13,872
CREDITORS
Amounts falling due within one year 7 22,464 20,065
NET CURRENT LIABILITIES (4,974 ) (6,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,860

17,900

CREDITORS
Amounts falling due after more than one
year

8

10,500

17,500
NET ASSETS 360 400

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 260 300
360 400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

SEXTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10519945)

BALANCE SHEET - continued
31 DECEMBER 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 26 September 2024 and were signed by:





Mr G A Sexton - Director


SEXTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10519945)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Sexton 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.

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 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 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are measured at cost and depreciated in line with the depreciation policies mentioned.

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.

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.

SEXTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10519945)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 35,000
AMORTISATION
At 1 January 2023 14,000
Charge for year 7,000
At 31 December 2023 21,000
NET BOOK VALUE
At 31 December 2023 14,000
At 31 December 2022 21,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 3,899 3,335 7,234
DEPRECIATION
At 1 January 2023 1,723 2,418 4,141
Charge for year 435 824 1,259
At 31 December 2023 2,158 3,242 5,400
NET BOOK VALUE
At 31 December 2023 1,741 93 1,834
At 31 December 2022 2,176 917 3,093

SEXTON FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 10519945)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,650 7,650
Director's loan account 4,772 -
12,422 7,650

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 933 -
Corporation tax 5,484 4,467
Taxation and social security 1,811 1,096
Director's loan account - 267
Accrued expenses 7,236 7,235
22,464 20,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,000 7,000
Bank loans - 2-5 years 3,500 10,500
10,500 17,500

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G A Sexton.