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Company No: 14658201 (England and Wales)

DENTON BROS LIMITED

Unaudited Financial Statements
For the financial period from 13 February 2023 to 31 March 2024
Pages for filing with the registrar

DENTON BROS LIMITED

Unaudited Financial Statements

For the financial period from 13 February 2023 to 31 March 2024

Contents

DENTON BROS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
DENTON BROS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 31.03.2024
£
Fixed assets
Tangible assets 4 2,065,964
2,065,964
Current assets
Debtors 5 37,589
Cash at bank and in hand 164,689
202,278
Creditors: amounts falling due within one year 6 ( 2,315,491)
Net current liabilities (2,113,213)
Total assets less current liabilities (47,249)
Net liabilities ( 47,249)
Capital and reserves
Called-up share capital 8 150
Profit and loss account ( 47,399 )
Total shareholder's deficit ( 47,249)

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Denton Bros Limited (registered number: 14658201) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

P Matthews
Director

11 November 2024

DENTON BROS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 February 2023 to 31 March 2024
DENTON BROS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 13 February 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Denton Bros Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 12/13 Segro Park Reef Street, Dagenham, RM9 6GQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Vehicles 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Period from
13.02.2023 to
31.03.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 1

4. Tangible assets

Land and buildings Vehicles Total
£ £ £
Cost
At 13 February 2023 0 0 0
Additions 2,012,985 94,022 2,107,007
At 31 March 2024 2,012,985 94,022 2,107,007
Accumulated depreciation
At 13 February 2023 0 0 0
Charge for the financial period 40,073 970 41,043
At 31 March 2024 40,073 970 41,043
Net book value
At 31 March 2024 1,972,912 93,052 2,065,964

5. Debtors

31.03.2024
£
Prepayments 1,131
Deferred tax asset 11,750
VAT recoverable 24,708
37,589

6. Creditors: amounts falling due within one year

31.03.2024
£
Trade creditors 20,510
Amounts owed to directors 2,265,522
Accruals 29,459
2,315,491

7. Deferred tax

31.03.2024
£
At the beginning of financial period 0
Credited to the Income Statement 11,750
At the end of financial period 11,750

8. Called-up share capital

31.03.2024
£
Allotted, called-up and fully-paid
25 A Ordinary shares of £ 1.00 each 25
25 B Ordinary shares of £ 1.00 each 25
25 C Ordinary shares of £ 1.00 each 25
25 D Ordinary shares of £ 1.00 each 25
25 E Ordinary shares of £ 1.00 each 25
25 F Ordinary shares of £ 1.00 each 25
150

On incorporation, Denton Bros Limited share capital comprised of 100 Ordinary shares, with a nominal value of £1 each.

On 31 March 2024, the shares were reclassified into four classes of alphabet shares, designated as Shares A, B, C, and D. Each share class consists of 25 shares with a nominal value of £1 each. The A, B, C and D share classes hold the same rights as the original Ordinary shares.

On the same date, two additional classes of alphabet shares, E and F, were allotted. The E and F shares have restricted capital rights, no voting rights and full income rights. 25 shares with a nominal value of £1 each were allotted in each new share class.

The share capital in the company at 31 March 2024 totalled £150, split equally across six share classes.

9. Related party transactions

Transactions with the entity's directors

31.03.2024
£
Loan from P Matthews (Director) 2,265,520

The above loan is included in creditors as due to a director . The amount will be repaid to the director over a period of time. Interest is not being charged on the loan.