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REGISTERED NUMBER: 04027953 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Distinct Financial Management Limited

Distinct Financial Management Limited (Registered number: 04027953)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Distinct Financial Management Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr R Hyde





SECRETARY: Mr R Hyde





REGISTERED OFFICE: 8 Cavendish Court
South Parade
Doncaster
South Yorkshire
DN1 2DJ





REGISTERED NUMBER: 04027953 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Distinct Financial Management Limited (Registered number: 04027953)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 8,757 8,787
Investments 6 210,010 259,012
218,767 267,799

CURRENT ASSETS
Debtors 7 205,256 125,372
Cash at bank and in hand 14,219 3,171
219,475 128,543
CREDITORS
Amounts falling due within one year 8 (152,310 ) (60,384 )
NET CURRENT ASSETS 67,165 68,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,932

335,958

CREDITORS
Amounts falling due after more than one
year

9

(13,333

)

(33,333

)

PROVISIONS FOR LIABILITIES (1,916 ) (1,836 )
NET ASSETS 270,683 300,789

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 270,583 300,689
SHAREHOLDERS' FUNDS 270,683 300,789

Distinct Financial Management Limited (Registered number: 04027953)

Balance Sheet - continued
30 September 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 September 2024 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 12 June 2025 and were signed by:





Mr R Hyde - Director


Distinct Financial Management Limited (Registered number: 04027953)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Distinct Financial Management 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 25% on cost straight line and 10% on cost straight line

All fixed assets are initially recorded at cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Distinct Financial Management Limited (Registered number: 04027953)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023 36,184
Additions 1,522
At 30 September 2024 37,706
DEPRECIATION
At 1 October 2023 27,397
Charge for year 1,552
At 30 September 2024 28,949
NET BOOK VALUE
At 30 September 2024 8,757
At 30 September 2023 8,787

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 October 2023 117,764 141,248 259,012
Additions 23,129 - 23,129
Disposals - (72,131 ) (72,131 )
At 30 September 2024 140,893 69,117 210,010
NET BOOK VALUE
At 30 September 2024 140,893 69,117 210,010
At 30 September 2023 117,764 141,248 259,012

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,703 3,532
Other debtors 201,553 121,840
205,256 125,372

Distinct Financial Management Limited (Registered number: 04027953)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 872 1,292
Amounts owed to group undertakings 70,129 -
Taxation and social security 48,968 37,402
Other creditors 12,341 1,690
152,310 60,384

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 33,333

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100