Dennison Contractors Ltd
Registered number: 09136295
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,598 16,797
Current assets
Debtors 4 14,840 6,831
Cash at bank and in hand 32,148 69,826
46,988 76,657
Creditors: amounts falling due within one year 5 (28,606) (57,561)
Net current assets 18,382 19,096
Total assets less current liabilities 30,980 35,893
Creditors: amounts falling due after more than one year 6 (15,455) (25,455)
Net assets 15,525 10,438
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,523 10,436
Shareholders' funds 15,525 10,438
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ian Dennison
Director
Approved by the board on 4 April 2024
Dennison Contractors Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
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 Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 1,000 36,259 37,259
At 31 March 2024 1,000 36,259 37,259
Depreciation
At 1 April 2023 1,000 19,462 20,462
Charge for the year - 4,199 4,199
At 31 March 2024 1,000 23,661 24,661
Net book value
At 31 March 2024 - 12,598 12,598
At 31 March 2023 - 16,797 16,797
4 Debtors 2024 2023
£ £
Trade debtors 4,840 4,840
Other debtors 10,000 1,991
14,840 6,831
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 10,000 10,000
Directors account 500 34,071
Corporation tax 13,028 6,366
Other taxes and social security costs 1,678 3,874
Other creditors 3,400 3,250
28,606 57,561
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,455 25,455
7 Other information
Dennison Contractors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
130 Lebanon Road,
Croydon
Surrey
CR0 6US
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