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REGISTERED NUMBER: 12618618 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Denel Services Ltd

Denel Services Ltd (Registered number: 12618618)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Denel Services Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs W A L Da Fonseca
J Da Fonseca





REGISTERED OFFICE: 30 Dunedin Road
Birmingham
B44 9DP





REGISTERED NUMBER: 12618618 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Denel Services Ltd (Registered number: 12618618)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,631 2,367

CURRENT ASSETS
Stocks 3,432 945
Debtors 5 25,643 33,797
Cash at bank 2,353 12,454
31,428 47,196
CREDITORS
Amounts falling due within one year 6 13,279 14,577
NET CURRENT ASSETS 18,149 32,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,780

34,986

PROVISIONS FOR LIABILITIES 7 310 450
NET ASSETS 19,470 34,536

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 19,370 34,436
SHAREHOLDERS' FUNDS 19,470 34,536

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

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

Denel Services Ltd (Registered number: 12618618)

Balance Sheet - continued
31 May 2023


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 19 February 2024 and were signed on its behalf by:




J Da Fonseca - Director



Mrs W A L Da Fonseca - Director


Denel Services Ltd (Registered number: 12618618)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Denel Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Office equipment - 33% on reducing balance

Government grants
Government grants are recognised at their fair value received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and that the grants will be received.

Government grants are recognised using the accruals model and where relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related cost for which the grant is intended to compensate. Grants including business rates relief funding and JRS furlough grants, that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs, are recognised as income for the period in which they become receivable.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Denel Services Ltd (Registered number: 12618618)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

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.

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 1,134 3,877 5,011
DEPRECIATION
At 1 June 2022 498 2,146 2,644
Charge for year 159 577 736
At 31 May 2023 657 2,723 3,380
NET BOOK VALUE
At 31 May 2023 477 1,154 1,631
At 31 May 2022 636 1,731 2,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 14,454 22,842
CIS tax recoverable 8,264 8,801
VAT 2,925 2,154
25,643 33,797

Denel Services Ltd (Registered number: 12618618)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 3,353 -
Trade creditors 919 5,611
Taxation and social security 7,396 7,402
Other creditors 1,611 1,564
13,279 14,577

7. PROVISIONS FOR LIABILITIES
31.5.23 31.5.22
£    £   
Deferred tax 310 450

Deferred
tax
£   
Balance at 1 June 2022 450
Provided during year (140 )
Balance at 31 May 2023 310

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary shares £ 1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Da Fonseca.