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REGISTERED NUMBER: 08551707 (England and Wales)












DEANS (STAFFORDSHIRE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






DEANS (STAFFORDSHIRE) LIMITED (REGISTERED NUMBER: 08551707)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEANS (STAFFORDSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R N Stonier
J G Hodgkiss
G R Jones





REGISTERED OFFICE: Gibson House
Hurricane Court
Hurricane Close
Stafford
Staffordshire
ST16 1GZ





REGISTERED NUMBER: 08551707 (England and Wales)

DEANS (STAFFORDSHIRE) LIMITED (REGISTERED NUMBER: 08551707)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,087,539 1,090,544
Tangible assets 5 107,195 55,164
1,194,734 1,145,708

CURRENT ASSETS
Stocks 50,392 51,549
Debtors 6 441,600 464,545
Cash at bank and in hand 50 76,730
492,042 592,824
CREDITORS
Amounts falling due within one year 7 (324,518 ) (313,029 )
NET CURRENT ASSETS 167,524 279,795
TOTAL ASSETS LESS CURRENT LIABILITIES 1,362,258 1,425,503

CAPITAL AND RESERVES
Called up share capital 560 560
Retained earnings 1,361,698 1,424,943
1,362,258 1,425,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

DEANS (STAFFORDSHIRE) LIMITED (REGISTERED NUMBER: 08551707)

BALANCE SHEET - continued
31 MARCH 2024


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 5 August 2024 and were signed on its behalf by:





R N Stonier - Director


DEANS (STAFFORDSHIRE) LIMITED (REGISTERED NUMBER: 08551707)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Deans (Staffordshire) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised over its useful life.

Goodwill is tested for impairment at least annually. Any impairment is recognised immediately in the profit and loss account.

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 - 15% on reducing balance and Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


DEANS (STAFFORDSHIRE) LIMITED (REGISTERED NUMBER: 08551707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,123,561
AMORTISATION
At 1 April 2023 33,017
Charge for year 3,005
At 31 March 2024 36,022
NET BOOK VALUE
At 31 March 2024 1,087,539
At 31 March 2023 1,090,544

DEANS (STAFFORDSHIRE) LIMITED (REGISTERED NUMBER: 08551707)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 166,048
Additions 60,412
At 31 March 2024 226,460
DEPRECIATION
At 1 April 2023 110,884
Charge for year 8,381
At 31 March 2024 119,265
NET BOOK VALUE
At 31 March 2024 107,195
At 31 March 2023 55,164

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 357,004 395,854
Other debtors 84,596 68,691
441,600 464,545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,652 -
Trade creditors 48,719 57,037
Taxation and social security 185,433 205,568
Other creditors 76,714 50,424
324,518 313,029