Company Registration No. 04701815 (England and Wales)
Debonair Ltd
Unaudited accounts
for the year ended 31 March 2024
Debonair Ltd
Unaudited accounts
Contents
Debonair Ltd
Company Information
for the year ended 31 March 2024
Directors
Debbie L Capstick
Steven Captsick
Company Number
04701815 (England and Wales)
Registered Office
45 CASTLE GROVE
KENDAL
CUMBRIA
LA9 7AZ
Accountants
PE Accountancy Services
15 Fowling Lane
KENDAL
Cumbira
LA9 6HB
Debonair Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
21,194
22,649
Cash at bank and in hand
57,284
57,320
Creditors: amounts falling due within one year
(22,564)
(22,641)
Net current assets
36,600
36,554
Total assets less current liabilities
57,794
59,203
Provisions for liabilities
Deferred tax
(4,029)
(4,305)
Called up share capital
101
101
Profit and loss account
53,664
54,797
Shareholders' funds
53,765
54,898
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by
Debbie L Capstick
Director
Company Registration No. 04701815
Debonair Ltd
Notes to the Accounts
for the year ended 31 March 2024
Debonair Ltd is a private company, limited by shares, registered in England and Wales, registration number 04701815. The registered office is 45 CASTLE GROVE, KENDAL, CUMBRIA, LA9 7AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line basis
Fixtures & fittings
15% reducing balance basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Debonair Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
17,945
22,864
40,809
At 31 March 2024
17,945
22,864
40,809
At 1 April 2023
2,603
15,557
18,160
Charge for the year
359
1,096
1,455
At 31 March 2024
2,962
16,653
19,615
At 31 March 2024
14,983
6,211
21,194
At 31 March 2023
15,342
7,307
22,649
Amounts falling due within one year
Accrued income and prepayments
1,000
1,000
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,565
6,120
Other creditors
10,047
10,047
Loans from directors
2,579
4,050
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
1 Ordinary 'A' shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).