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REGISTERED NUMBER: 03576429 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

DANNY CLOSE LIMITED

DANNY CLOSE LIMITED (REGISTERED NUMBER: 03576429)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DANNY CLOSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mrs F White
R White
Mrs M J Close
D P Close





SECRETARY: Mrs M J Close





REGISTERED OFFICE: Unit 4 Hyde Farm Hyde Lane
Nash Mills
Hemel Hempstead
Hertfordshire
HP3 8SA





REGISTERED NUMBER: 03576429 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DANNY CLOSE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Danny Close Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Danny Close Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Danny Close Limited and state those matters that we have agreed to state to the Board of Directors of Danny Close Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Danny Close Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Danny Close Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Danny Close Limited. You consider that Danny Close Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Danny Close Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


18 January 2024

DANNY CLOSE LIMITED (REGISTERED NUMBER: 03576429)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 979 1,307

CURRENT ASSETS
Debtors 5 2,122 2,536
Cash at bank and in hand 19,899 21,234
22,021 23,770
CREDITORS
Amounts falling due within one year 6 18,693 21,785
NET CURRENT ASSETS 3,328 1,985
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,307

3,292

PROVISIONS FOR LIABILITIES 57 -
NET ASSETS 4,250 3,292

CAPITAL AND RESERVES
Called up share capital 7 4 4
Retained earnings 8 4,246 3,288
SHAREHOLDERS' FUNDS 4,250 3,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

DANNY CLOSE LIMITED (REGISTERED NUMBER: 03576429)

BALANCE SHEET - continued
30 JUNE 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 18 January 2024 and were signed on its behalf by:





Mrs F White - Director


DANNY CLOSE LIMITED (REGISTERED NUMBER: 03576429)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Danny Close Limited 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in relation to motor vehicle servicing and second hand car sales. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Grants provided are recognised in the accounting period in which they are received, under accrual model.

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.

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.

Stock
Stocks are measured at the lower of cost and selling price less cost to sell. Cost is calculated on a first in, first out basis and includes all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

DANNY CLOSE LIMITED (REGISTERED NUMBER: 03576429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 July 2022
and 30 June 2023 29,625 3,553 2,336 35,514
DEPRECIATION
At 1 July 2022 29,265 3,328 1,614 34,207
Charge for year 90 57 181 328
At 30 June 2023 29,355 3,385 1,795 34,535
NET BOOK VALUE
At 30 June 2023 270 168 541 979
At 30 June 2022 360 225 722 1,307

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£ £
Trade debtors 105 753
Tax 120 -
Prepayments 1,897 1,783
2,122 2,536

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£ £
Tax 273 818
Social security and other taxes - 482
VAT - 745
Other creditors 2,353 1,292
Directors' current accounts 13,667 14,584
Accrued expenses 2,400 3,864
18,693 21,785

DANNY CLOSE LIMITED (REGISTERED NUMBER: 03576429)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £ £
2 Ordinary A 1 2 2
2 Ordinary B 1 2 2
4 4

8. RESERVES
Retained
earnings
£

At 1 July 2022 3,288
Profit for the year 958
At 30 June 2023 4,246

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2023, the directors were owed £13,667 (2022: £14,584) by the company. The amount is interest free and repayable on demand.