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REGISTERED NUMBER: 08932631 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2025

for

D O'Kane Financial Services Limited

D O'Kane Financial Services Limited (Registered number: 08932631)






Contents of the Financial Statements
for the Year Ended 31 May 2025




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


D O'Kane Financial Services Limited (Registered number: 08932631)

Abridged Balance Sheet
31 May 2025

31.5.25 31.5.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 34,500 49,450
Tangible assets 5 156,188 61,603
Investments 6 75,138 27,622
265,826 138,675

CURRENT ASSETS
Debtors 7 351,827 524,570
Cash at bank 447,517 76,240
799,344 600,810
CREDITORS
Amounts falling due within one year 100,643 59,695
NET CURRENT ASSETS 698,701 541,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,527

679,790

CREDITORS
Amounts falling due after more than one
year

(100,389

)

-

PROVISIONS FOR LIABILITIES (15,038 ) (15,401 )
NET ASSETS 849,100 664,389

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 849,091 664,380
849,100 664,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

D O'Kane Financial Services Limited (Registered number: 08932631)

Abridged Balance Sheet - continued
31 May 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





Mr D P O'Kane - Director


D O'Kane Financial Services Limited (Registered number: 08932631)

Notes to the Financial Statements
for the Year Ended 31 May 2025

1. STATUTORY INFORMATION

D O'Kane Financial Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08932631

Registered office: 137 High Street
Gorleston
Great Yarmouth
NR31 6QX

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 2014, is being amortised evenly over its estimated useful life of ten 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 impairment losses at the following rates.
Other intangible assets - written off over 20 years

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 reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.


D O'Kane Financial Services Limited (Registered number: 08932631)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

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 4 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2024
and 31 May 2025 179,995
AMORTISATION
At 1 June 2024 130,545
Amortisation for year 14,950
At 31 May 2025 145,495
NET BOOK VALUE

At 31 May 2025 34,500
At 31 May 2024 49,450

D O'Kane Financial Services Limited (Registered number: 08932631)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2024 165,786
Additions 132,665
Disposals (15,000 )
At 31 May 2025 283,451
DEPRECIATION
At 1 June 2024 104,183
Charge for year 25,314
Eliminated on disposal (2,234 )
At 31 May 2025 127,263
NET BOOK VALUE
At 31 May 2025 156,188
At 31 May 2024 61,603

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.5.25 31.5.24
£    £   
Crypto currency 75,138 27,622

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.25 31.5.24
£    £   
Amounts owed by group undertakings 350,000 250,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25 31.5.24
£    £   
Mr D P O'Kane
Balance outstanding at start of year 273,828 (1,360 )
Amounts advanced 28,000 275,500
Amounts repaid (302,140 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (312 ) 273,828