Dorset, Somerset and Wilts Investme - Accounts to registrar (filleted)

REGISTERED NUMBER: 00040336 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE DORSET, SOMERSET AND WILTS

INVESTMENT SOCIETY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Charles F Rutter

John K Rutter

SECRETARY:

Mrs D A Hill

REGISTERED OFFICE:

St Audrey's

Wincanton

Somerset

BA9 9DR

REGISTERED NUMBER:

00040336 (England and Wales)

AUDITORS:

Andrews and Palmer Limited

Statutory Auditor

32 The Square

Gillingham

Dorset

SP8 4AR

CURRENT ASSETS

Debtors

4

283,025

Cash at bank

10,784

14,707

293,809

297,732

CREDITORS

Amounts falling due within one year

5

2,426

2,374

NET CURRENT ASSETS

291,383

295,358

TOTAL ASSETS LESS CURRENT
LIABILITIES

291,383

295,358

CAPITAL AND RESERVES

Called up share capital

6

210,112

Share premium

7

30,016

Retained earnings

7

51,255

55,230

SHAREHOLDERS' FUNDS

291,383

295,358

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 Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:

Charles F Rutter - Director

John K Rutter - Director

1.	STATUTORY INFORMATION

The Dorset, Somerset and Wilts Investment Society Ltd 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 interest receivable on the provision of mortgage facilities.

Financial instruments

Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Loans to customers

283,025

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Tax

23

31

Social security and other taxes

63

Accrued expenses

2,340

2,280

2,426

2,374

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

210,112

Ordinary

£1

210,112

7.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 April 2024

55,230

30,016

85,246

Profit for the year

4,009

Dividends

(7,984

)

(7,984

)

At 31 March 2025

51,255

30,016

81,271

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Jarratt BA(Hons) ACA (Senior Statutory Auditor)

for and on behalf of Andrews and Palmer Limited

9.	RELATED PARTY DISCLOSURES

The company was under the control of its directors throughout the current and previous year.

The Society operates from premises owned by Charles F Rutter, director. These premises are provided rent free. Charles F Rutter, director, is also a partner in Rutter & Rutter, Solicitors, Wincanton.