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REGISTERED NUMBER: 06534575 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 March 2023

for

E L Denney & Son Limited

E L Denney & Son Limited (Registered number: 06534575)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E L Denney & Son Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: P Denney
C Denney





SECRETARY: P Denney





REGISTERED OFFICE: 50/54 Esplanade
Redcar
TS10 3AQ





REGISTERED NUMBER: 06534575 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

E L Denney & Son Limited (Registered number: 06534575)

Balance Sheet
30 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 3 37,500 45,000
Tangible assets 4 565,990 573,866
603,490 618,866

CURRENT ASSETS
Stocks 58,901 44,706
Debtors 5 10,383 11,501
Cash at bank and in hand 1,267 916
70,551 57,123
CREDITORS
Amounts falling due within one year 6 (1,491,668 ) (1,419,035 )
NET CURRENT LIABILITIES (1,421,117 ) (1,361,912 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(817,627

)

(743,046

)

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (817,827 ) (743,246 )
(817,627 ) (743,046 )

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

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

E L Denney & Son Limited (Registered number: 06534575)

Balance Sheet - continued
30 March 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 28 March 2024 and were signed on its behalf by:





C Denney - Director


E L Denney & Son Limited (Registered number: 06534575)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. 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 2008, is being amortised evenly over its estimated useful life of twenty 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.
Freehold property - 1% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 5% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 9 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022
and 30 March 2023 150,000
AMORTISATION
At 31 March 2022 105,000
Amortisation for year 7,500
At 30 March 2023 112,500
NET BOOK VALUE
At 30 March 2023 37,500
At 30 March 2022 45,000

E L Denney & Son Limited (Registered number: 06534575)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 31 March 2022 637,806 8,569 9,649
Disposals - - -
At 30 March 2023 637,806 8,569 9,649
DEPRECIATION
At 31 March 2022 72,131 3,763 6,523
Charge for year 6,378 807 482
Eliminated on disposal - - -
At 30 March 2023 78,509 4,570 7,005
NET BOOK VALUE
At 30 March 2023 559,297 3,999 2,644
At 30 March 2022 565,675 4,806 3,126

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 March 2022 6,400 16,851 679,275
Disposals (4,739 ) - (4,739 )
At 30 March 2023 1,661 16,851 674,536
DEPRECIATION
At 31 March 2022 6,150 16,842 105,409
Charge for year - 9 7,676
Eliminated on disposal (4,539 ) - (4,539 )
At 30 March 2023 1,611 16,851 108,546
NET BOOK VALUE
At 30 March 2023 50 - 565,990
At 30 March 2022 250 9 573,866

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,383 9,501
Prepayments - 2,000
10,383 11,501

E L Denney & Son Limited (Registered number: 06534575)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,985 11,122
Unsecured loan notes 700,000 700,000
Trade creditors 42,517 18,420
Social security and other tax 1,971 1,712
Pension Liability 161 192
VAT 15,878 5,352
Directors' current accounts 710,881 675,621
Accrued expenses 7,275 6,616
1,491,668 1,419,035

7. GOING CONCERN

These accounts have been prepared on the going concern basis, on the understanding that the directors will continue to financially support the company for the foreseeable future.