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REGISTERED NUMBER: 06267170















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DENOVO HEALTHCARE LTD

DENOVO HEALTHCARE LTD (REGISTERED NUMBER: 06267170)






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


DENOVO HEALTHCARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr M A G Gibson
Mr N J Talbot
Mr R T G Gibson





REGISTERED OFFICE: 6A Wedmore Road
Cheddar
Somerset
BS27 3EB





REGISTERED NUMBER: 06267170





ACCOUNTANTS: Lowson Ward
Chartered Accountants
292 Wake Green Road
Birmingham
B13 9QP

DENOVO HEALTHCARE LTD (REGISTERED NUMBER: 06267170)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £   
FIXED ASSETS
Tangible assets 3 21,200 26,430

CURRENT ASSETS
Stocks 149,398 132,566
Debtors 4 441,821 424,160
Cash at bank 82,684 67,251
673,903 623,977
CREDITORS
Amounts falling due within one year 5 (449,393 ) (443,197 )
NET CURRENT ASSETS 224,510 180,780
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,710

207,210

CREDITORS
Amounts falling due after more than
one year

6

(60,417

)

(85,417

)

PROVISIONS FOR LIABILITIES 7 (5,300 ) (5,020 )
NET ASSETS 179,993 116,773

DENOVO HEALTHCARE LTD (REGISTERED NUMBER: 06267170)

BALANCE SHEET - continued
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 60 60
Share premium 8 61,939 61,939
Capital redemption reserve 8 (138,460 ) (138,460 )
Retained earnings 8 256,454 193,234
SHAREHOLDERS' FUNDS 9 179,993 116,773

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 by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mr N J Talbot - Director


DENOVO HEALTHCARE LTD (REGISTERED NUMBER: 06267170)

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on reducing balance
Premises improvements - straight line over lease term

All fixed assets are initially recorded at cost.

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

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.

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.

DENOVO HEALTHCARE LTD (REGISTERED NUMBER: 06267170)

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

1. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

3. TANGIBLE FIXED ASSETS
Premises Motor
Equipment improvements vehicles Totals
£    £    £    £   
COST
At 1 December 2022 83,799 49,980 3,450 137,229
Additions 4,728 300 - 5,028
Disposals (9,298 ) - (3,450 ) (12,748 )
At 30 November 2023 79,229 50,280 - 129,509
DEPRECIATION
At 1 December 2022 62,628 45,603 2,568 110,799
Charge for year 7,871 1,247 294 9,412
Eliminated on disposal (9,040 ) - (2,862 ) (11,902 )
At 30 November 2023 61,459 46,850 - 108,309
NET BOOK VALUE
At 30 November 2023 17,770 3,430 - 21,200
At 30 November 2022 21,171 4,377 882 26,430

DENOVO HEALTHCARE LTD (REGISTERED NUMBER: 06267170)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 361,072 380,332
Other debtors 60,000 20,000
Section 455 tax - 9,696
Prepayments 20,749 14,132
441,821 424,160

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 294,398 327,612
Corporation tax 69,494 42,863
PAYE and NIC 8,669 6,204
VAT 67,856 58,356
Other creditors 3,990 3,773
Wages control account - (1,404 )
Pension 1,157 -
Directors' current accounts 1,232 -
Accruals and deferred income 2,597 5,793
449,393 443,197

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans - 1-2 years 25,000 25,000
Other loans - 2-5 years 35,417 60,417
60,417 85,417

7. PROVISIONS FOR LIABILITIES
30/11/23 30/11/22
£    £   
Deferred tax
Accelerated capital allowances 5,300 5,020

DENOVO HEALTHCARE LTD (REGISTERED NUMBER: 06267170)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 5,020
Provided during year 280
Balance at 30 November 2023 5,300

8. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 December 2022 193,234 61,939 (138,460 ) 116,713
Profit for the year 168,920 - - 168,920
Dividends (105,700 ) - - (105,700 )
At 30 November 2023 256,454 61,939 (138,460 ) 179,933

9. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
30/11/23 30/11/22
£    £   
Profit for the financial year 168,920 216,278
Dividends (105,700 ) (210,834 )
63,220 5,444
Opening shareholders' funds - 111,329
Net addition to shareholders' funds 63,220 116,773
Opening shareholders' funds 116,773 -
Closing shareholders' funds 179,993 116,773