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REGISTERED NUMBER: 00862857 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DENBY DALE SHIRT CO., LIMITED

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DENBY DALE SHIRT CO., LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr C R W Mallinson
Mrs E L Mallinson



SECRETARY: Mrs E L Mallinson



REGISTERED OFFICE: Unit J
Zenith Park
Whaley Road
Barnsley
South Yorkshire
S75 1HT



REGISTERED NUMBER: 00862857 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Virgin Money
1A Peel Square
Barnsley
South Yorkshire
S70 2PL

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,802
Tangible assets 5 512,782 508,391
512,782 510,193

CURRENT ASSETS
Stocks 6 10,865 29,192
Debtors 7 51,353 353,796
Cash at bank 10,745 208,879
72,963 591,867
CREDITORS
Amounts falling due within one year 8 201,538 561,318
NET CURRENT (LIABILITIES)/ASSETS (128,575 ) 30,549
TOTAL ASSETS LESS CURRENT LIABILITIES 384,207 540,742

PROVISIONS FOR LIABILITIES 638 2,576
NET ASSETS 383,569 538,166

CAPITAL AND RESERVES
Called up share capital 9 30,018 30,018
Other reserves 45,076 45,076
Retained earnings 308,475 463,072
SHAREHOLDERS' FUNDS 383,569 538,166

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

BALANCE SHEET - continued
30 NOVEMBER 2023


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

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

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 and authorised for issue by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





Mr C R W Mallinson - Director


DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

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

1. STATUTORY INFORMATION

Denby Dale Shirt Co., 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Turnover from the sale of clothing is recognised to the extent that the company has obtained the right to consideration through the performance of its contractual obligations. Where the substance is that the company's contractual obligations are performed over time, turnover is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount recognised represents the right consideration by reference to the value of the work performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Goodwill is initially measured at cost. After initial recognition, goodwill assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:


Plant and machinery- 20% on cost
Motor vehicles- 25% on cost
Freehold & Leasehold Property- 2% on cost
Office equipment- 25% & 50% on cost
Leasehold Property Improvements- 2% 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

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

2. ACCOUNTING POLICIES - continued

Pension costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

The company also make employer contributions into employees private pension schemes. The annual contributions payable are charged to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 41,000
AMORTISATION
At 1 December 2022 39,198
Amortisation for year 1,802
At 30 November 2023 41,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 1,802

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

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

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 December 2022 545,772 70,978 92,449
Additions - - -
Disposals - - -
At 30 November 2023 545,772 70,978 92,449
DEPRECIATION
At 1 December 2022 100,970 20,056 90,685
Charge for year 10,915 1,420 569
Eliminated on disposal - - -
At 30 November 2023 111,885 21,476 91,254
NET BOOK VALUE
At 30 November 2023 433,887 49,502 1,195
At 30 November 2022 444,802 50,922 1,764

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 40,511 9,866 759,576
Additions 25,853 457 26,310
Disposals (23,261 ) - (23,261 )
At 30 November 2023 43,103 10,323 762,625
DEPRECIATION
At 1 December 2022 30,062 9,412 251,185
Charge for year 8,621 394 21,919
Eliminated on disposal (23,261 ) - (23,261 )
At 30 November 2023 15,422 9,806 249,843
NET BOOK VALUE
At 30 November 2023 27,681 517 512,782
At 30 November 2022 10,449 454 508,391

6. STOCKS
30.11.23 30.11.22
£    £   
Raw materials 8,145 25,013
Work-in-progress - 417
Finished goods 2,720 3,762
10,865 29,192

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 47,369 133,511
Other debtors - 215,200
Prepayments and accrued income 3,984 5,085
51,353 353,796

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 39,914 88,510
Amounts owed to group undertakings 23,044 212,675
Corporation tax 11,797 70,711
Social security and other taxes 8 257
VAT 6,454 16,332
Other creditors 24,898 25,203
Directors' current accounts 75,166 125,299
Accruals and deferred income 20,257 22,331
201,538 561,318

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
30,000 Ordinary £1 30,000 30,000
18 'A' Ordinary £1 18 18
30,018 30,018

10. RELATED PARTY DISCLOSURES

Entities with control over the entity

30.11.23 30.11.22
£ £
Dividends paid to related party 150,000 260,000
Net interest free loans (repaid to) / from related party (334,339) (357,150)
Amount owed from related party 23,044 212,675

DENBY DALE SHIRT CO., LIMITED (REGISTERED NUMBER: 00862857)

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

11. ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking is Denby Dale Shirt Co. (Holdings) Limited.

The parent company's registered office address is;

Unit J
Zenith Park
Whaley Road
Barnsley
S75 1HT