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REGISTERED NUMBER: 00172132 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DEAN AND TRANTER LIMITED

DEAN AND TRANTER LIMITED (REGISTERED NUMBER: 00172132)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 3


DEAN AND TRANTER LIMITED (REGISTERED NUMBER: 00172132)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 2,000
Tangible assets 5 259,415 217,248
259,415 219,248

Current assets
Stocks 321,104 328,898
Debtors 6 224,891 356,990
Cash at bank 254 50,238
546,249 736,126
Creditors
Amounts falling due within one year 7 469,140 592,415
Net current assets 77,109 143,711
Total assets less current liabilities 336,524 362,959

Creditors
Amounts falling due after more than one year 8 (38,767 ) (28,388 )

Provisions for liabilities 10 (13,137 ) (2,327 )
Net assets 284,620 332,244

Capital and reserves
Called up share capital 11 18,506 18,506
Share premium 106,700 106,700
Retained earnings 159,414 207,038
Shareholders' funds 284,620 332,244

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

DEAN AND TRANTER LIMITED (REGISTERED NUMBER: 00172132)

BALANCE SHEET - continued
31 MARCH 2024


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 18 October 2024 and were signed on its behalf by:





Mr A Allwood - Director


DEAN AND TRANTER LIMITED (REGISTERED NUMBER: 00172132)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Dean and Tranter Limited is a private company, limited by shares, registered in England and Wales.
The company's registered number is 00172132 and its registered office and business address is Rockbourne Road, Sandleheath, Fordingbridge, Hampshire, SP6 1RA.

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 represents invoiced sales of goods and carriage, excluding Value Added Tax. Revenue is recognised for the sale of goods and services when the right to consideration in respect of the sale has been earned on the despatch of goods or delivery of services.

Goodwill
Goodwill is measured at cost, being the amount paid in connection with the acquisition of a business in 2021. After initial recognition, it is amortised evenly over its estimated useful life.

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 - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

No depreciation is provided on freehold land. Buildings and improvements to property are depreciated at 10% per annum on a straight line basis.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

DEAN AND TRANTER LIMITED (REGISTERED NUMBER: 00172132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2023
and 31 March 2024 5,000
Amortisation
At 1 April 2023 3,000
Charge for year 2,000
At 31 March 2024 5,000
Net book value
At 31 March 2024 -
At 31 March 2023 2,000

DEAN AND TRANTER LIMITED (REGISTERED NUMBER: 00172132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 April 2023 429,512 27,279 13,332 49,065 519,188
Additions - 34,245 1,163 18,000 53,408
At 31 March 2024 429,512 61,524 14,495 67,065 572,596
Depreciation
At 1 April 2023 229,084 16,549 12,478 43,829 301,940
Charge for year 428 4,500 504 5,809 11,241
At 31 March 2024 229,512 21,049 12,982 49,638 313,181
Net book value
At 31 March 2024 200,000 40,475 1,513 17,427 259,415
At 31 March 2023 200,428 10,730 854 5,236 217,248

Included in cost of land and buildings is freehold land of £ 200,000 (2023 - £ 200,000 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
Cost
Additions 28,495
At 31 March 2024 28,495
Depreciation
Charge for year 2,850
At 31 March 2024 2,850
Net book value
At 31 March 2024 25,645

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 224,891 356,990

DEAN AND TRANTER LIMITED (REGISTERED NUMBER: 00172132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 152,999 157,042
Hire purchase contracts 4,604 -
Trade creditors 161,775 202,973
Corporation tax 93,709 158,904
Social security and other taxes 3,081 2,720
VAT 30,944 67,098
Directors' current accounts 3,203 2
Accruals and deferred income 18,825 3,676
469,140 592,415

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,354 11,876
Bank loans - 2-5 years 6,161 16,512
Hire purchase contracts 22,252 -
38,767 28,388

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 142,901 125,982
Hire purchase contracts 26,856 -
169,757 125,982

The bank overdraft is secured by a legal mortgage over the company's property together with a fixed and floating charge over all the company's property and assets.

Guarantees have been given to HSBC Bank Plc by the Directors (£250,000 jointly) to secure all liabilities of the company.

Finance leases and hire purchase agreements are secured on the assets to which they relate.

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 13,137 2,327

Deferred
tax
£   
Balance at 1 April 2023 2,327
Charge to Statement of income and retained earnings during year 10,810
Balance at 31 March 2024 13,137

DEAN AND TRANTER LIMITED (REGISTERED NUMBER: 00172132)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
18,500 Ordinary £1 18,500 18,500
2 Ordinary "A" £1 2 2
4 Ordinary "B","C", "D" and "E" £1 4 4
18,506 18,506

Only Ordinary shares have voting rights.

12. Ultimate controlling party

The director, Mr A Allwood, controls the company by virtue of his 70% ownership of the voting share capital.