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REGISTERED NUMBER: 03945764 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

M.F. Dennehy (Timber) Limited

M.F. Dennehy (Timber) Limited (Registered number: 03945764)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M.F. Dennehy (Timber) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M F Dennehy
Mrs A S Dennehy
C R Dennehy
M J Dennehy





SECRETARY: Mrs A S Dennehy





REGISTERED OFFICE: Honey Hill Farm
Combe Florey
TAUNTON
Somerset
TA4 3JQ





REGISTERED NUMBER: 03945764 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

M.F. Dennehy (Timber) Limited (Registered number: 03945764)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 188,057 222,833

CURRENT ASSETS
Stocks 31,250 -
Debtors 5 604 246
Cash at bank 1,124,430 1,427,420
1,156,284 1,427,666
CREDITORS
Amounts falling due within one year 6 36,541 267,540
NET CURRENT ASSETS 1,119,743 1,160,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,307,800

1,382,959

PROVISIONS FOR LIABILITIES 41,739 29,793
NET ASSETS 1,266,061 1,353,166

CAPITAL AND RESERVES
Called up share capital 1,300 1,300
Retained earnings 1,264,761 1,351,866
SHAREHOLDERS' FUNDS 1,266,061 1,353,166

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





M F Dennehy - Director


M.F. Dennehy (Timber) Limited (Registered number: 03945764)

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

1. STATUTORY INFORMATION

M.F. Dennehy (Timber) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

M.F. Dennehy (Timber) Limited (Registered number: 03945764)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 74,863 513,037 587,900
DEPRECIATION
At 1 April 2023 50,760 314,307 365,067
Charge for year 2,995 31,781 34,776
At 31 March 2024 53,755 346,088 399,843
NET BOOK VALUE
At 31 March 2024 21,108 166,949 188,057
At 31 March 2023 24,103 198,730 222,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 604 246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,500 2,499
Directors' current accounts 34,041 265,041
36,541 267,540