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REGISTERED NUMBER: 08663224 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

DURRANTS ACCOUNTANTS LIMITED

DURRANTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08663224)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DURRANTS ACCOUNTANTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: I Bessant





REGISTERED OFFICE: 24 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS





REGISTERED NUMBER: 08663224 (England and Wales)





ACCOUNTANTS: Durrants, Chartered Accountants
24 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS

DURRANTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08663224)

BALANCE SHEET
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 132,749 156,914
Tangible assets 5 56,367 36,802
189,116 193,716

CURRENT ASSETS
Debtors 6 229,183 181,323
Prepayments and accrued income 16,373 40,761
Cash at bank and in hand 112,916 267,632
358,472 489,716
CREDITORS
Amounts falling due within one year 7 61,725 202,924
NET CURRENT ASSETS 296,747 286,792
TOTAL ASSETS LESS CURRENT LIABILITIES 485,863 480,508

CREDITORS
Amounts falling due after more than one year 8 (28,486 ) (28,333 )

PROVISIONS FOR LIABILITIES (12,918 ) (3,167 )
NET ASSETS 444,459 449,008

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 444,409 448,958
444,459 449,008

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.

DURRANTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08663224)

BALANCE SHEET - continued
31 July 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 director and authorised for issue on 18 April 2024 and were signed by:





I Bessant - Director


DURRANTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08663224)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Durrants Accountants 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.

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.
Plant and machinery etc - 33% on cost and 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 10 years following on from a change in ownership in 2019.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

DURRANTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08663224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 483,300
AMORTISATION
At 1 August 2022 326,386
Charge for year 24,165
At 31 July 2023 350,551
NET BOOK VALUE
At 31 July 2023 132,749
At 31 July 2022 156,914

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 119,515
Additions 36,981
Disposals (12,780 )
At 31 July 2023 143,716
DEPRECIATION
At 1 August 2022 82,713
Charge for year 14,221
Eliminated on disposal (9,585 )
At 31 July 2023 87,349
NET BOOK VALUE
At 31 July 2023 56,367
At 31 July 2022 36,802

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 51,325 44,159
Other debtors 177,858 137,164
229,183 181,323

DURRANTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08663224)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 5,762 -
Trade creditors (2,981 ) 15,577
Taxation and social security 43,847 21,513
Other creditors 5,097 155,834
61,725 202,924

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans 17,488 28,333
Hire purchase contracts 10,998 -
28,486 28,333

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31/7/23 31/7/22
£    £   
I Bessant
Balance outstanding at start of year (134,865 ) 24,101
Amounts advanced 224,182 76,034
Amounts repaid (75,000 ) (235,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,317 (134,865 )