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REGISTERED NUMBER: 10449243 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

DNP STORES LTD

DNP STORES LTD (REGISTERED NUMBER: 10449243)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DNP STORES LTD

COMPANY INFORMATION
for the Year Ended 31st December 2023







Director: D Patel





Registered office: 20-22 Partington Street
Failsworth
Manchester
Greater Manchester
M35 9RD





Registered number: 10449243 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

DNP STORES LTD (REGISTERED NUMBER: 10449243)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 104,400 110,200
Tangible assets 5 187,894 53,585
292,294 163,785

Current assets
Stocks 35,659 34,192
Debtors 6 17,303 20,503
Cash at bank and in hand 21,363 66,438
74,325 121,133
Creditors
Amounts falling due within one year 7 88,128 34,593
Net current (liabilities)/assets (13,803 ) 86,540
Total assets less current liabilities 278,491 250,325

Creditors
Amounts falling due after more than one year 8 92,513 108,749
Net assets 185,978 141,576

Capital and reserves
Called up share capital 9 100 100
Retained earnings 185,878 141,476
Shareholders' funds 185,978 141,576

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DNP STORES LTD (REGISTERED NUMBER: 10449243)

BALANCE SHEET - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th February 2024 and were signed by:





D Patel - Director


DNP STORES LTD (REGISTERED NUMBER: 10449243)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. Statutory information

DNP Stores 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty five years.

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.

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 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 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.

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.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 7 ) .

DNP STORES LTD (REGISTERED NUMBER: 10449243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st January 2023
and 31st December 2023 145,000
Amortisation
At 1st January 2023 34,800
Charge for year 5,800
At 31st December 2023 40,600
Net book value
At 31st December 2023 104,400
At 31st December 2022 110,200

5. Tangible fixed assets
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
Cost
At 1st January 2023 - 6,294 66,485 72,779
Additions 143,956 - - 143,956
At 31st December 2023 143,956 6,294 66,485 216,735
Depreciation
At 1st January 2023 - 3,332 15,862 19,194
Charge for year - 534 9,113 9,647
At 31st December 2023 - 3,866 24,975 28,841
Net book value
At 31st December 2023 143,956 2,428 41,510 187,894
At 31st December 2022 - 2,962 50,623 53,585

6. Debtors
2023 2022
£    £   
Amounts falling due within one year:
Other debtors - 3,200

Amounts falling due after more than one year:
Other debtors 17,303 17,303

Aggregate amounts 17,303 20,503

DNP STORES LTD (REGISTERED NUMBER: 10449243)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors (1,529 ) (22,228 )
Taxation and social security 10,149 2,922
Other creditors 79,508 53,899
88,128 34,593

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 69,458 95,694
Other creditors 23,055 13,055
92,513 108,749

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100