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REGISTERED NUMBER: 02400767 (England and Wales)





























Unaudited Financial Statements for the Year Ended 31 July 2023

for

Dunham Tools (Cheshire) Limited

Dunham Tools (Cheshire) Limited (Registered number: 02400767)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dunham Tools (Cheshire) Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mr Nicholas John Pearson





SECRETARY: Mrs Karen Lesley Pearson





REGISTERED OFFICE: Craven Road
Broadheath
Altrincham
Cheshire
WA14 5HJ





REGISTERED NUMBER: 02400767 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Dunham Tools (Cheshire) Limited (Registered number: 02400767)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 45,663 51,169

CURRENT ASSETS
Stocks 40,394 40,303
Debtors 5 335,178 343,854
Cash at bank and in hand 61,951 187,964
437,523 572,121
CREDITORS
Amounts falling due within one year 6 (61,405 ) (63,407 )
NET CURRENT ASSETS 376,118 508,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

421,781

559,883

CAPITAL AND RESERVES
Called up share capital 8 77,052 77,052
Retained earnings 344,729 482,831
SHAREHOLDERS' FUNDS 421,781 559,883

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 28 November 2023 and were signed by:





Mr Nicholas John Pearson - Director


Dunham Tools (Cheshire) Limited (Registered number: 02400767)

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

1. STATUTORY INFORMATION

Dunham Tools (Cheshire) 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Dunham Tools (Cheshire) Limited (Registered number: 02400767)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 66,305 17,964 25,365 7,588 117,222
Additions - - - 1,681 1,681
Disposals - (5,222 ) - - (5,222 )
At 31 July 2023 66,305 12,742 25,365 9,269 113,681
DEPRECIATION
At 1 August 2022 33,964 15,404 9,097 7,588 66,053
Charge for year 1,326 631 4,067 169 6,193
Eliminated on disposal - (4,228 ) - - (4,228 )
At 31 July 2023 35,290 11,807 13,164 7,757 68,018
NET BOOK VALUE
At 31 July 2023 31,015 935 12,201 1,512 45,663
At 31 July 2022 32,341 2,560 16,268 - 51,169

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 10,667
Transfer to ownership (10,667 )
At 31 July 2023 -
DEPRECIATION
At 1 August 2022 2,667
Charge for year 2,000
Transfer to ownership (4,667 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 8,000

Dunham Tools (Cheshire) Limited (Registered number: 02400767)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,788 84,872
Other debtors 257,390 258,982
335,178 343,854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 7) - 3,417
Trade creditors 51,518 47,625
Taxation and social security 4,792 4,254
Other creditors 5,095 8,111
61,405 63,407

7. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 3,417

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
77,052 Ordinary Shares £1 77,052 77,052

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr Nicholas John Pearson
Balance outstanding at start of year 41,272 41,140
Amounts advanced 1,096 132
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,368 41,272

The above advances were interest free, had no fixed repayment date and were unsecured

Dunham Tools (Cheshire) Limited (Registered number: 02400767)

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

10. RELATED PARTY DISCLOSURES

Debtors includes Other loans of £200,000 (2022 - £200,000) consisting of a loan to Sales, Marketing and Retail Trading Limited, a company 50% owned by Mrs E Hewitt, the sister of Mr NJ Pearson. The loan is unsecured, interest-free and there is no fixed date for its repayment.