Company Registration No. 07449629 (England and Wales)
De Fontenay Ltd
Unaudited accounts
for the year ended 30 November 2021
De Fontenay Ltd
Company Information
for the year ended 30 November 2021
Company Number
07449629 (England and Wales)
Registered Office
Unit E7 The Enterprise Village
Prince Albert Gardens
Grimsby
N E Lincs
DN31 3AG
Accountants
Paul Horsewood
187a St Nicholas Drive
Grimsby
N E Lincs
DN37 9RE
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
De Fontenay Ltd
for the year ended 30 November 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
De Fontenay Ltd for the year ended
30 November 2021 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Paul Horsewood
Chartered Certified Accountants
187a St Nicholas Drive
Grimsby
N E Lincs
DN37 9RE
3 August 2022
De Fontenay Ltd
Statement of financial position
as at 30 November 2021
Tangible assets
50,832
23,822
Cash at bank and in hand
472,690
336,867
Creditors: amounts falling due within one year
(383,097)
(269,434)
Net current assets
181,775
153,549
Total assets less current liabilities
238,480
177,371
Creditors: amounts falling due after more than one year
-
(50,000)
Provisions for liabilities
Deferred tax
(9,658)
(8,624)
Net assets
228,822
118,747
Called up share capital
50
-
Capital redemption reserve
50
50
Profit and loss account
228,722
118,697
Shareholders' funds
228,822
118,747
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 August 2022 and were signed on its behalf by
Liam O'Leary
Director
Company Registration No. 07449629
De Fontenay Ltd
Notes to the Accounts
for the year ended 30 November 2021
De Fontenay Ltd is a private company, limited by shares, registered in England and Wales, registration number 07449629. The registered office is Unit E7 The Enterprise Village, Prince Albert Gardens, Grimsby, N E Lincs, DN31 3AG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance basis
Fixtures & fittings
15% on reducing balance basis
Computer equipment
25% on reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
De Fontenay Ltd
Notes to the Accounts
for the year ended 30 November 2021
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
At 30 November 2021
10,843
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2020
2,862
6,037
34,303
43,202
Additions
3,320
-
34,624
37,944
At 30 November 2021
6,182
6,037
68,927
81,146
At 1 December 2020
1,166
3,554
14,660
19,380
Charge for the year
337
372
10,225
10,934
At 30 November 2021
1,503
3,926
24,885
30,314
At 30 November 2021
4,679
2,111
44,042
50,832
At 30 November 2020
1,696
2,483
19,643
23,822
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
80,222
37,514
Accrued income and prepayments
3,868
510
Other debtors
8,092
48,092
De Fontenay Ltd
Notes to the Accounts
for the year ended 30 November 2021
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
45,281
-
Trade creditors
222,273
158,066
Taxes and social security
(6,359)
(18,101)
Other creditors
2,864
23,511
Loans from directors
1,857
1,306
8
Creditors: amounts falling due after more than one year
2021
2020
9
Transactions with related parties
As at 30 November 2021 the company owed the Director £1,857 (30 November 2020 £1,305). No
interest is payable on the loan.
10
Average number of employees
During the year the average number of employees was 20 (2020: 11).