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REGISTERED NUMBER: 01925253 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Danes Of Colchester Limited

Danes Of Colchester Limited (Registered number: 01925253)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Danes Of Colchester Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr K M Vertigen
Mr I H Angus





REGISTERED OFFICE: 10-12 Smeaton Close
Severalls Park
Colchester
Essex
CO4 9QY





REGISTERED NUMBER: 01925253 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Danes Of Colchester Limited (Registered number: 01925253)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,126 25,237
Tangible assets 5 98,584 93,174
119,710 118,411

CURRENT ASSETS
Stocks 6 67,969 41,526
Debtors 7 176,229 198,878
Cash at bank and in hand 80,830 30,200
325,028 270,604
CREDITORS
Amounts falling due within one year 8 238,594 182,361
NET CURRENT ASSETS 86,434 88,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,144

206,654

CREDITORS
Amounts falling due after more than
one year

9

(37,619

)

(45,451

)

PROVISIONS FOR LIABILITIES 11 (12,033 ) (14,889 )
NET ASSETS 156,492 146,314

Danes Of Colchester Limited (Registered number: 01925253)

Balance Sheet - continued
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 17,631 17,631
Share premium 13 84,161 84,161
Capital redemption reserve 13 12,963 12,963
Retained earnings 13 41,737 31,559
SHAREHOLDERS' FUNDS 156,492 146,314

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th August 2024 and were signed on its behalf by:





Mr K M Vertigen - Director


Danes Of Colchester Limited (Registered number: 01925253)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Danes Of Colchester 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Computer equipment - straight line over 3 years

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 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.


Danes Of Colchester Limited (Registered number: 01925253)

Notes to the Financial Statements - continued
for the Year Ended 31st March 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 43 (2023 - 45 ) .

Danes Of Colchester Limited (Registered number: 01925253)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 192,552
AMORTISATION
At 1st April 2023 167,315
Amortisation for year 4,111
At 31st March 2024 171,426
NET BOOK VALUE
At 31st March 2024 21,126
At 31st March 2023 25,237

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1st April 2023 10,162 11,243 878,906
Additions - - 32,299
At 31st March 2024 10,162 11,243 911,205
DEPRECIATION
At 1st April 2023 7,359 11,243 800,591
Charge for year 282 - 23,939
At 31st March 2024 7,641 11,243 824,530
NET BOOK VALUE
At 31st March 2024 2,521 - 86,675
At 31st March 2023 2,803 - 78,315

Danes Of Colchester Limited (Registered number: 01925253)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 89,450 69,066 1,058,827
Additions 2,592 1,195 36,086
At 31st March 2024 92,042 70,261 1,094,913
DEPRECIATION
At 1st April 2023 81,958 64,502 965,653
Charge for year 2,416 4,039 30,676
At 31st March 2024 84,374 68,541 996,329
NET BOOK VALUE
At 31st March 2024 7,668 1,720 98,584
At 31st March 2023 7,492 4,564 93,174

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st April 2023 35,833
Additions 19,500
At 31st March 2024 55,333
DEPRECIATION
At 1st April 2023 5,375
Charge for year 10,250
At 31st March 2024 15,625
NET BOOK VALUE
At 31st March 2024 39,708
At 31st March 2023 30,458

Danes Of Colchester Limited (Registered number: 01925253)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. STOCKS
31/3/24 31/3/23
£    £   
Stocks 67,969 41,526

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 132,301 147,939
Amounts owed by group undertakings 11,510 10,500
Other debtors 32,418 40,439
176,229 198,878

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts (see note 10) 10,196 9,940
Hire purchase contracts 12,762 6,912
Trade creditors 68,755 31,113
Taxation and social security 63,828 60,994
Other creditors 83,053 73,402
238,594 182,361

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans (see note 10) 12,228 22,411
Hire purchase contracts 25,391 23,040
37,619 45,451

10. LOANS

An analysis of the maturity of loans is given below:

31/3/24 31/3/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,196 9,940
Other loans - 10,000
10,196 19,940

Danes Of Colchester Limited (Registered number: 01925253)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

10. LOANS - continued
31/3/24 31/3/23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,459 10,196

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,769 12,215

11. PROVISIONS FOR LIABILITIES
31/3/24 31/3/23
£    £   
Deferred tax 12,033 14,889

Deferred
tax
£   
Balance at 1st April 2023 14,889
Provided during year (2,856 )
Balance at 31st March 2024 12,033

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
17,626 Ordinary Shares £1 17,631 17,631
100 Ordinary "A" Shares £0.05 p - -
17,631 17,631

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

At 1st April 2023 31,559 84,161 12,963 128,683
Profit for the year 61,378 61,378
Dividends (51,200 ) (51,200 )
At 31st March 2024 41,737 84,161 12,963 138,861

Danes Of Colchester Limited (Registered number: 01925253)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K M Vertigen.