Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activity2023-09-30false4141truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05383158 2023-09-30 2024-04-30 05383158 2022-05-01 2023-09-29 05383158 2024-04-30 05383158 2023-09-29 05383158 c:Director7 2023-09-30 2024-04-30 05383158 d:PlantMachinery 2023-09-30 2024-04-30 05383158 d:PlantMachinery 2024-04-30 05383158 d:PlantMachinery 2023-09-29 05383158 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-30 2024-04-30 05383158 d:MotorVehicles 2023-09-30 2024-04-30 05383158 d:MotorVehicles 2024-04-30 05383158 d:MotorVehicles 2023-09-29 05383158 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-30 2024-04-30 05383158 d:OfficeEquipment 2023-09-30 2024-04-30 05383158 d:OfficeEquipment 2024-04-30 05383158 d:OfficeEquipment 2023-09-29 05383158 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-30 2024-04-30 05383158 d:ComputerEquipment 2023-09-30 2024-04-30 05383158 d:ComputerEquipment 2024-04-30 05383158 d:ComputerEquipment 2023-09-29 05383158 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-09-30 2024-04-30 05383158 d:OtherPropertyPlantEquipment 2023-09-30 2024-04-30 05383158 d:OtherPropertyPlantEquipment 2024-04-30 05383158 d:OtherPropertyPlantEquipment 2023-09-29 05383158 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-09-30 2024-04-30 05383158 d:OwnedOrFreeholdAssets 2023-09-30 2024-04-30 05383158 d:CurrentFinancialInstruments 2024-04-30 05383158 d:CurrentFinancialInstruments 2023-09-29 05383158 d:CurrentFinancialInstruments 1 2024-04-30 05383158 d:CurrentFinancialInstruments 1 2023-09-29 05383158 d:Non-currentFinancialInstruments 2024-04-30 05383158 d:Non-currentFinancialInstruments 2023-09-29 05383158 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05383158 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-29 05383158 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 05383158 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-29 05383158 d:ShareCapital 2024-04-30 05383158 d:ShareCapital 2023-09-29 05383158 d:RetainedEarningsAccumulatedLosses 2024-04-30 05383158 d:RetainedEarningsAccumulatedLosses 2023-09-29 05383158 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 05383158 d:AcceleratedTaxDepreciationDeferredTax 2023-09-29 05383158 c:FRS102 2023-09-30 2024-04-30 05383158 c:AuditExempt-NoAccountantsReport 2023-09-30 2024-04-30 05383158 c:FullAccounts 2023-09-30 2024-04-30 05383158 c:PrivateLimitedCompanyLtd 2023-09-30 2024-04-30 05383158 f:PoundSterling 2023-09-30 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 05383158


DENNE JOINERY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 30 APRIL 2024

 
DENNE JOINERY LIMITED
REGISTERED NUMBER:05383158

BALANCE SHEET
AS AT 30 APRIL 2024

30 April
29 September
2024
2023
Note

Fixed assets
  

Tangible assets
 4 
330,641
343,081

  
330,641
343,081

Current assets
  

Stocks
  
17,163
19,193

Debtors: amounts falling due within one year
 5 
2,178,772
1,368,677

Cash at bank and in hand
 6 
467,229
11

  
2,663,164
1,387,881

Creditors: amounts falling due within one year
 7 
(1,915,094)
(608,732)

Net current assets
  
 
 
748,070
 
 
779,149

Total assets less current liabilities
  
1,078,711
1,122,230

Creditors: amounts falling due after more than one year
 8 
(7,476)
(14,559)

Provisions for liabilities
  

Deferred tax
 9 
(66,648)
(69,576)

  
 
 
(66,648)
 
 
(69,576)

Net assets
  
£1,004,587
£1,038,095


Capital and reserves
  

Called up share capital 
  
198
100

Profit and loss account
  
1,004,389
1,037,995

  
£1,004,587
£1,038,095


Page 1

 
DENNE JOINERY LIMITED
REGISTERED NUMBER:05383158

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 October 2024.




Darren Hill
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DENNE JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

Denne Joinery Limited is a private company, limited by shares, registered in England and Wales under company number 05383158. The registered office of the company is Henwood House, Henwood, Ashford, Kent TN24 8DH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
DENNE JOINERY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
DENNE JOINERY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
10% and 20%
Motor vehicles
-
20%
Office equipment
-
10% and 20%
Computer equipment
-
20%
Improvements to property
-
10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
DENNE JOINERY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 41 (2023 - 41).


4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Other fixed assets



Cost or valuation


At 30 September 2023
892,187
68,201
200,216
62,615
128,259


Additions
6,313
-
33,716
1,698
2,300


Disposals
(2,156)
-
-
(708)
-


Revaluations
-
(4,645)
-
-
-



At 30 April 2024

896,344
63,556
233,932
63,605
130,559



Depreciation


At 30 September 2023
732,850
43,204
108,365
45,758
78,220


Charge for the period on owned assets
25,461
6,929
11,651
3,770
6,566


Disposals
(2,156)
-
-
(708)
-


On revalued assets
-
(2,555)
-
-
-



At 30 April 2024

756,155
47,578
120,016
48,820
84,786



Net book value



At 30 April 2024
£140,189
£15,978
£113,916
£14,785
£45,773



At 29 September 2023
£159,337
£24,997
£91,851
£16,857
£50,039
Page 6

 
DENNE JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

           4.Tangible fixed assets (continued)


Total



Cost or valuation


At 30 September 2023
1,351,478


Additions
44,027


Disposals
(2,864)


Revaluations
(4,645)



At 30 April 2024

1,387,996



Depreciation


At 30 September 2023
1,008,397


Charge for the period on owned assets
54,377


Disposals
(2,864)


On revalued assets
(2,555)



At 30 April 2024

1,057,355



Net book value



At 30 April 2024
£330,641



At 29 September 2023
£343,081

Page 7

 
DENNE JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

5.


Debtors

30 April
29 September
2024
2023


Trade debtors excluding factored debts
138,145
144,766

Factored debts
1,182,501
370,980

Other debtors
53,830
131,116

Called up share capital not paid
98
-

Prepayments and accrued income
54,830
56,278

Amounts recoverable on long-term contracts
749,368
665,537

£2,178,772
£1,368,677






Invoice discounted debts included within trade debtors, factored debts, and amounts recoverable on contracts amount to £2,070,013 (2023: £1,181,283).


6.


Cash and cash equivalents

30 April
29 September
2024
2023

Cash at bank and in hand
467,229
11

Less: bank overdrafts
-
(5,855)

£467,229
£(5,844)



7.


Creditors: Amounts falling due within one year

30 April
29 September
2024
2023

Bank overdrafts
-
5,855

Trade creditors
499,661
382,588

Other taxation and social security
71,123
50,079

Obligations under finance lease and hire purchase contracts
5,277
7,525

Proceeds of factored debts
962,097
-

Accruals and deferred income
376,936
162,685

£1,915,094
£608,732


Page 8

 
DENNE JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

8.


Creditors: Amounts falling due after more than one year

30 April
29 September
2024
2023

Net obligations under finance leases and hire purchase contracts
7,476
14,559

£7,476
£14,559



9.


Deferred taxation






2024





At beginning of year
(69,576)


Charged to profit or loss
2,928



At end of year
£(66,648)

The provision for deferred taxation is made up as follows:

30 April
29 September
2024
2023


Accelerated capital allowances
(66,648)
(69,576)

£(66,648)
£(69,576)


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £20,526 (2023: £35,217).


11.


Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly ownded subsidiaries within the group.


12.


Controlling party

The company's immediate parent undertaking is DBSJ Group Limited, a company registered in England. DBSJ Group Limited acquired 100% of the share capital within this accounting period. 


Page 9