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REGISTERED NUMBER: 04258546 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

DEANE INTERIOR SOLUTIONS LIMITED

DEANE INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 04258546)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEANE INTERIOR SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr D J Swatton





REGISTERED OFFICE: 1 Regent Trade Park
Barwell Lane
Fareham
Hampshire
PO13 0EQ





REGISTERED NUMBER: 04258546 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

DEANE INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 04258546)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1
Tangible assets 5 61,222 76,217
61,222 76,218

CURRENT ASSETS
Stocks 68,000 60,000
Debtors 6 290,639 217,227
Cash at bank and in hand 121,236 23,376
479,875 300,603
CREDITORS
Amounts falling due within one year 7 420,477 349,719
NET CURRENT ASSETS/(LIABILITIES) 59,398 (49,116 )
TOTAL ASSETS LESS CURRENT LIABILITIES 120,620 27,102

CREDITORS
Amounts falling due after more than one year 8 (88,893 ) (103,899 )

PROVISIONS FOR LIABILITIES (11,753 ) (11,205 )
NET ASSETS/(LIABILITIES) 19,974 (88,002 )

CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Retained earnings 18,964 (89,012 )
SHAREHOLDERS' FUNDS 19,974 (88,002 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

DEANE INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 04258546)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





Mr D J Swatton - Director


DEANE INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 04258546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Deane Interior Solutions 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 presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for goods sold net of vat.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.

Work in progress is valued at cost plus an element of profit.

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.


DEANE INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 04258546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 16 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 15,000
AMORTISATION
At 1 July 2023 14,999
Charge for year 1
At 30 June 2024 15,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 1

DEANE INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 04258546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 202,318 138,048 90,828 100,343 531,537
DEPRECIATION
At 1 July 2023 200,432 112,449 77,856 64,583 455,320
Charge for year 270 3,840 1,945 8,940 14,995
At 30 June 2024 200,702 116,289 79,801 73,523 470,315
NET BOOK VALUE
At 30 June 2024 1,616 21,759 11,027 26,820 61,222
At 30 June 2023 1,886 25,599 12,972 35,760 76,217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 257,748 147,989
Other debtors 32,891 69,238
290,639 217,227

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,143 50,333
Hire purchase contracts 10,143 10,143
Trade creditors 139,352 96,272
Amounts owed to group undertakings 11,670 -
Taxation and social security 164,695 60,719
Other creditors 89,474 132,252
420,477 349,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 30,675 35,931
Hire purchase contracts 1,780 11,559
Trade creditors 56,438 56,409
88,893 103,899

DEANE INTERIOR SOLUTIONS LIMITED (REGISTERED NUMBER: 04258546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,260 20,516

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 11,923 21,702

The hire purchase liability is secured of the assets to which they relate.