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REGISTERED NUMBER: SC492575 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Denmore Limited

Denmore Limited (Registered number: SC492575)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Balance Sheet 1

Notes to the Financial Statements 3


Denmore Limited (Registered number: SC492575)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,989 72,992

CURRENT ASSETS
Stocks 38,179 42,385
Debtors 5 347,922 211,029
Cash at bank and in hand 86,834 55,037
472,935 308,451
CREDITORS
Amounts falling due within one year 6 (264,188 ) (198,223 )
NET CURRENT ASSETS 208,747 110,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

243,736

183,220

CREDITORS
Amounts falling due after more than one
year

7

(127,550

)

(84,037

)

PROVISIONS FOR LIABILITIES (6,648 ) (13,869 )
NET ASSETS 109,538 85,314

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 99,538 75,314
SHAREHOLDERS' FUNDS 109,538 85,314

Denmore Limited (Registered number: SC492575)

Balance Sheet - continued
31 December 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

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 29 April 2022 and were signed on its behalf by:





Mr D Hoare - Director


Denmore Limited (Registered number: SC492575)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Denmore Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC492575. The registered office is Tern Place, Denmore Road, Bridge of Don, Aberdeen AB23 8JX.

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 net invoiced sales of goods and services in respect of stationery supplies, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Denmore Limited (Registered number: SC492575)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2020 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 168,460
Additions 2,169
Disposals (7,500 )
At 31 December 2021 163,129
DEPRECIATION
At 1 January 2021 95,468
Charge for year 36,172
Eliminated on disposal (3,500 )
At 31 December 2021 128,140
NET BOOK VALUE
At 31 December 2021 34,989
At 31 December 2020 72,992

Denmore Limited (Registered number: SC492575)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2021 64,891
Transfer to ownership (51,641 )
At 31 December 2021 13,250
DEPRECIATION
At 1 January 2021 34,543
Charge for year 16,222
Transfer to ownership (41,863 )
At 31 December 2021 8,902
NET BOOK VALUE
At 31 December 2021 4,348
At 31 December 2020 30,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 339,849 196,541
Other debtors 8,073 14,488
347,922 211,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts 1,988 12,397
Trade creditors 149,344 69,708
Taxation and social security 94,555 106,027
Other creditors 18,301 10,091
264,188 198,223

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts - 1,988
Other creditors 127,550 82,049
127,550 84,037

Denmore Limited (Registered number: SC492575)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Hire purchase contracts 1,988 14,385

Hire purchase contracts are secured on the assets to which they relate.