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Reports Dated : 11/04/2024 Registered Number: 11419119
England and Wales

 

 

 

DENNY PLASTICS (2018) LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
You consider that the Company is exempt from an audit for the year ended 31 March 2024.

You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.  These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Company at the end of the financial year and of its profit or loss for that financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records of the Company and on the basis of the information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts.


OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
11 April 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 772,300    823,800 
Tangible fixed assets 4 183,145    203,494 
955,445    1,027,294 
Current assets      
Stocks 24,100    21,200 
Debtors 110,569    115,707 
Cash at bank and in hand 422,875    446,015 
557,544    582,922 
Creditors: amount falling due within one year (312,022)   (365,979)
Net current assets 245,522    216,943 
 
Total assets less current liabilities 1,200,967    1,244,237 
Creditors: amount falling due after more than one year (555,545)   (666,335)
Net assets 645,422    577,902 
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account 645,322    577,802 
Shareholder's funds 645,422    577,902 
 


For the year ended 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 11 April 2024 and were signed on its behalf by:


-------------------------------
Steven Kettle
Director
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General Information
Denny Plastics (2018) Limited is a private company, limited by shares, registered in England and Wales under 11419119, at Unit 10, Clayfield Mews, Newcomen Road, Tunbridge Wells, Kent, TN4 9PA.  The presentation currency is £ sterling, which is also the operational currency of the Company. 
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland (as applied to small entities by Section 1A of the standard), and in accordance with the Companies Act 2006. 
Turnover
Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable, recognised in the Profit and Loss Account.  No provision is made for deferred tax.  The Company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.  Tax assets and liabilities are not discounted.
Intangible assets
Purchased goodwill is amortised at rates calculated to write off the asset on a straight-line basis over its estimated useful economic life.  Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Purchased goodwill is stated at cost less amortisation, calculated on a straight line basis over its estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Reducing Balance
Computer Equipment 10% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the Company, are included in the appropriate category of tangible fixed assets and depreciated in accordance with the Company's accounting policy adopted for depreciating tangible fixed assets.  Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.  Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 7).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 April 2023 1,087,000    1,087,000 
Additions  
Disposals  
At 31 March 2024 1,087,000    1,087,000 
Amortisation
At 01 April 2023 263,200    263,200 
Charge for year 51,500    51,500 
On disposals  
At 31 March 2024 314,700    314,700 
Net book values
At 31 March 2024 772,300    772,300 
At 31 March 2023 823,800    823,800 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 April 2023 237,614    937    238,551 
Additions    
Disposals    
At 31 March 2024 237,614    937    238,551 
Depreciation
At 01 April 2023 34,964    93    35,057 
Charge for year 20,265    84    20,349 
On disposals    
At 31 March 2024 55,229    177    55,406 
Net book values
Closing balance as at 31 March 2024 182,385    760    183,145 
Opening balance as at 01 April 2023 202,650    844    203,494 

The net book value of Plant and Machinery includes £ 148,771 (2023 £165,301) in respect of assets leased under finance leases or hire purchase contracts.

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Ordinary shares of £1.00 each 100    100 
100    100 

3