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REGISTERED NUMBER: 06128738 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED

DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED (REGISTERED NUMBER: 06128738)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs G M Down
H Lomas





SECRETARY: Mrs G M Down





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 06128738 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED (REGISTERED NUMBER: 06128738)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,474 69,200
Tangible assets 5 4,210 4,349
52,684 73,549

CURRENT ASSETS
Debtors 6 18,234 12,132
Cash at bank 86,932 516,273
105,166 528,405
CREDITORS
Amounts falling due within one year 7 85,214 55,733
NET CURRENT ASSETS 19,952 472,672
TOTAL ASSETS LESS CURRENT LIABILITIES 72,636 546,221

PROVISIONS FOR LIABILITIES 1,023 1,072
NET ASSETS 71,613 545,149

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 71,511 545,047
71,613 545,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED (REGISTERED NUMBER: 06128738)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





Mrs G M Down - Director


DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED (REGISTERED NUMBER: 06128738)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

David Winter Independent Financial Advisers 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 represents sales of services and commission received, including value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007 and 2013, are being amortised evenly over its estimated useful life of twenty and five years respectively.

The Goodwill in connection with the acquisition of a business in 2013 has been fully amortised at at the reporting date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 1A. Basic financial instruments are recognised at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.


DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED (REGISTERED NUMBER: 06128738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED (REGISTERED NUMBER: 06128738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023 574,000 - 574,000
Additions - 2,339 2,339
At 31 March 2024 574,000 2,339 576,339
AMORTISATION
At 1 April 2023 504,800 - 504,800
Charge for year 23,000 65 23,065
At 31 March 2024 527,800 65 527,865
NET BOOK VALUE
At 31 March 2024 46,200 2,274 48,474
At 31 March 2023 69,200 - 69,200

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 10,938 19,925 30,863
Additions - 1,258 1,258
At 31 March 2024 10,938 21,183 32,121
DEPRECIATION
At 1 April 2023 7,597 18,917 26,514
Charge for year 668 729 1,397
At 31 March 2024 8,265 19,646 27,911
NET BOOK VALUE
At 31 March 2024 2,673 1,537 4,210
At 31 March 2023 3,341 1,008 4,349

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 18,234 12,132

DAVID WINTER INDEPENDENT FINANCIAL
ADVISERS LIMITED (REGISTERED NUMBER: 06128738)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3 -
Taxation and social security 80,464 50,993
Other creditors 4,747 4,740
85,214 55,733

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs G M Down
Balance outstanding at start of year 101 1
Amounts advanced - 100
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 101 101

H Lomas
Balance outstanding at start of year 1 1
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1 1