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Company Registration No. 04701815 (England and Wales)
Debonair Ltd Unaudited accounts for the year ended 31 March 2024
Debonair Ltd Unaudited accounts Contents
Page
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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
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Debonair Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,194 
22,649 
Current assets
Inventories
880 
875 
Debtors
1,000 
1,000 
Cash at bank and in hand
57,284 
57,320 
59,164 
59,195 
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)
Net assets
53,765 
54,898 
Capital and reserves
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
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Debonair Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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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 
Depreciation
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 
Net book value
At 31 March 2024
14,983 
6,211 
21,194 
At 31 March 2023
15,342 
7,307 
22,649 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,000 
1,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,610 
1,679 
Taxes and social security
6,565 
6,120 
Other creditors
10,047 
10,047 
Loans from directors
2,579 
4,050 
Accruals
763 
745 
22,564 
22,641 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
1 Ordinary 'A' shares of £1 each
1 
1 
101 
101 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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