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REGISTERED NUMBER: 06985099 (England and Wales)




























Unaudited Financial Statements

for the Period 1 December 2022 to 31 May 2023

for

DonnellyBentley Limited

DonnellyBentley Limited (Registered number: 06985099)






Contents of the Financial Statements
for the Period 1 December 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DonnellyBentley Limited

Company Information
for the Period 1 December 2022 to 31 May 2023







DIRECTORS: J C Hargraves
M A Turner
A J Donohoe
A S Howarth
J M King
A J Newton
B A Smith
T J Wilkinson



SECRETARY: A J Donohoe



REGISTERED OFFICE: Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



REGISTERED NUMBER: 06985099 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: National Westminster Bank Plc

DonnellyBentley Limited (Registered number: 06985099)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 375,000 610,500
Tangible assets 5 5,860 8,150
380,860 618,650

CURRENT ASSETS
Debtors 6 440,467 432,927
Cash at bank and in hand 348,899 271,891
789,366 704,818
CREDITORS
Amounts falling due within one year 7 (552,578 ) (244,133 )
NET CURRENT ASSETS 236,788 460,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,648

1,079,335

CREDITORS
Amounts falling due after more than one
year

8

-

(300,000

)

PROVISIONS FOR LIABILITIES 9 (639 ) (783 )
NET ASSETS 617,009 778,552

CAPITAL AND RESERVES
Called up share capital 10 6,000 6,000
Capital redemption reserve 4,000 4,000
Retained earnings 607,009 768,552
SHAREHOLDERS' FUNDS 617,009 778,552

DonnellyBentley Limited (Registered number: 06985099)

Balance Sheet - continued
31 May 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





B A Smith - Director


DonnellyBentley Limited (Registered number: 06985099)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 May 2023

1. STATUTORY INFORMATION

DonnellyBentley 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.

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 the total invoice value, excluding value added tax, of fees charged and fees accrued during the period and derives from the provision of services falling within the company's ordinary activities.

Goodwill
On 1 December 2013 the company acquired the goodwill of Bentley Chartered Accountants.

Goodwill acquired pre 30 November 2013 was revalued on that date to reflect the valuation attributed to the asset in the merger on 1 December 2013.

The combined goodwill is to be amortised over 20 years from 1 December 2013, subject to an annual impairment review.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - Over the length of the lease
Fixtures and fittings - Straight line over 3 years
Office equipment - Straight line over 3 years

Taxation
Taxation for the period 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 period 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.

DonnellyBentley Limited (Registered number: 06985099)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023

2. ACCOUNTING POLICIES - continued

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 period was 34 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022 1,249,955
Impairments (207,750 )
At 31 May 2023 1,042,205
AMORTISATION
At 1 December 2022 639,455
Amortisation for period 27,750
At 31 May 2023 667,205
NET BOOK VALUE
At 31 May 2023 375,000
At 30 November 2022 610,500

5. TANGIBLE FIXED ASSETS
Fixtures
Tenants and Office
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 31 May 2023 104,927 10,410 85,525 200,862
DEPRECIATION
At 1 December 2022 104,927 10,410 77,375 192,712
Charge for period - - 2,290 2,290
At 31 May 2023 104,927 10,410 79,665 195,002
NET BOOK VALUE
At 31 May 2023 - - 5,860 5,860
At 30 November 2022 - - 8,150 8,150

DonnellyBentley Limited (Registered number: 06985099)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 248,325 238,938
Other debtors 4,000 -
Prepayments and accrued income 188,142 193,989
440,467 432,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 35,462
Tax 86,270 50,184
Social security and other taxes 15,450 21,366
VAT 74,473 73,918
Other creditors 4,440 4,571
Directors' current accounts 335,347 32,266
Accrued expenses 36,598 26,366
552,578 244,133

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Directors' loan accounts - 300,000

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 639 783

Deferred
tax
£   
Balance at 1 December 2022 783
Credit to Statement of Income and Retained Earnings during period (144 )
Balance at 31 May 2023 639

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
6,000 Ordinary £1 6,000 6,000

DonnellyBentley Limited (Registered number: 06985099)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 May 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest has been charged as follows:
- £9,000 (2022: £18,000) in respect of credit balances on Directors' loan accounts
- £nil (2022: £15) in respect of a former director's loan account