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Company Registration No. 10272770 (England and Wales)
DEANY FABRICS LTD Unaudited accounts for the year ended 31 July 2023
DEANY FABRICS LTD Unaudited accounts Contents
Page
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DEANY FABRICS LTD Company Information for the year ended 31 July 2023
Director
NADINE LEES
Company Number
10272770 (England and Wales)
Registered Office
87 PROMENADE BRIDLINGTON EAST RIDING OF YORKSHIRE YO15 2QJ UNITED KINGDOM
Accountants
CALCUL8 LIMITED 57 HIGH STREET SAXILBY LINCOLN LINCOLNSHIRE LN1 2HA
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DEANY FABRICS LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,068 
12,539 
Current assets
Inventories
19,550 
19,550 
Debtors
17 
137 
Cash at bank and in hand
1,870 
2,432 
21,437 
22,119 
Creditors: amounts falling due within one year
(41,335)
(39,662)
Net current liabilities
(19,898)
(17,543)
Total assets less current liabilities
(8,830)
(5,004)
Creditors: amounts falling due after more than one year
(10,300)
(12,524)
Net liabilities
(19,130)
(17,528)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(19,131)
(17,529)
Shareholders' funds
(19,130)
(17,528)
For the year ending 31 July 2023 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 her 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 27 November 2023 and were signed on its behalf by
NADINE LEES Director Company Registration No. 10272770
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DEANY FABRICS LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
DEANY FABRICS LTD is a private company, limited by shares, registered in England and Wales, registration number 10272770. The registered office is 87 PROMENADE, BRIDLINGTON, EAST RIDING OF YORKSHIRE, YO15 2QJ, UNITED KINGDOM.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
25% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
At the year end the company's current liabilities exceeded its current assets by £15,937 (2022: £17,528). The director believes the going concern basis is still appropriate due to her continued support.
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DEANY FABRICS LTD Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
15,667 
3,330 
1,174 
20,171 
Additions
- 
155 
- 
155 
At 31 July 2023
15,667 
3,485 
1,174 
20,326 
Depreciation
At 1 August 2022
4,779 
2,075 
778 
7,632 
Charge for the year
1,327 
200 
99 
1,626 
At 31 July 2023
6,106 
2,275 
877 
9,258 
Net book value
At 31 July 2023
9,561 
1,210 
297 
11,068 
At 31 July 2022
10,888 
1,255 
396 
12,539 
5
Inventories
2023 
2022 
£ 
£ 
Finished goods
19,550 
19,550 
19,550 
19,550 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
17 
137 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,879 
9,421 
Trade creditors
2,016 
690 
Taxes and social security
- 
992 
Other creditors
33,090 
28,209 
Accruals
350 
350 
41,335 
39,662 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,300 
12,524 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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DEANY FABRICS LTD Notes to the Accounts for the year ended 31 July 2023
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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