IRIS Accounts Production v24.3.0.553 02570169 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025701692023-03-31025701692024-03-31025701692023-04-012024-03-31025701692022-03-31025701692022-04-012023-03-31025701692023-03-3102570169ns15:EnglandWales2023-04-012024-03-3102570169ns14:PoundSterling2023-04-012024-03-3102570169ns10:Director12023-04-012024-03-3102570169ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102570169ns10:SmallEntities2023-04-012024-03-3102570169ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102570169ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102570169ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102570169ns10:FullAccounts2023-04-012024-03-3102570169ns10:Director22023-04-012024-03-3102570169ns10:Director32023-04-012024-03-3102570169ns10:CompanySecretary12023-04-012024-03-3102570169ns10:RegisteredOffice2023-04-012024-03-3102570169ns5:CurrentFinancialInstruments2024-03-3102570169ns5:CurrentFinancialInstruments2023-03-3102570169ns5:Non-currentFinancialInstruments2024-03-3102570169ns5:Non-currentFinancialInstruments2023-03-3102570169ns5:ShareCapital2024-03-3102570169ns5:ShareCapital2023-03-3102570169ns5:RetainedEarningsAccumulatedLosses2024-03-3102570169ns5:RetainedEarningsAccumulatedLosses2023-03-3102570169ns5:LandBuildings2023-03-3102570169ns5:LeaseholdImprovements2023-03-3102570169ns5:PlantMachinery2023-03-3102570169ns5:LandBuildings2023-04-012024-03-3102570169ns5:LeaseholdImprovements2023-04-012024-03-3102570169ns5:PlantMachinery2023-04-012024-03-3102570169ns5:LandBuildings2024-03-3102570169ns5:LeaseholdImprovements2024-03-3102570169ns5:PlantMachinery2024-03-3102570169ns5:LandBuildings2023-03-3102570169ns5:LeaseholdImprovements2023-03-3102570169ns5:PlantMachinery2023-03-3102570169ns5:FurnitureFittings2023-03-3102570169ns5:MotorVehicles2023-03-3102570169ns5:FurnitureFittings2023-04-012024-03-3102570169ns5:MotorVehicles2023-04-012024-03-3102570169ns5:FurnitureFittings2024-03-3102570169ns5:MotorVehicles2024-03-3102570169ns5:FurnitureFittings2023-03-3102570169ns5:MotorVehicles2023-03-3102570169ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3102570169ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3102570169ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3102570169ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3102570169ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102570169ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 02570169 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Danlers Limited

Danlers Limited (Registered number: 02570169)






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


Danlers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J J Kay
D J S Kay
R C Kay





SECRETARY: D J S Kay





REGISTERED OFFICE: 14a Forest Gate
Pewsham
Chippenham
Wiltshire
SN15 3RS





REGISTERED NUMBER: 02570169 (England and Wales)

Danlers Limited (Registered number: 02570169)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,613,102 1,613,608

CURRENT ASSETS
Stocks 2,392,918 2,168,660
Debtors 5 1,121,442 1,350,891
Cash at bank and in hand 51,583 443,977
3,565,943 3,963,528
CREDITORS
Amounts falling due within one year 6 886,573 797,875
NET CURRENT ASSETS 2,679,370 3,165,653
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,292,472

4,779,261

CREDITORS
Amounts falling due after more than one
year

7

(335,498

)

(436,288

)

PROVISIONS FOR LIABILITIES (52,969 ) (144,295 )
NET ASSETS 3,904,005 4,198,678

CAPITAL AND RESERVES
Called up share capital 3,500 3,500
Retained earnings 3,900,505 4,195,178
SHAREHOLDERS' FUNDS 3,904,005 4,198,678

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 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 25 November 2024 and were signed on its behalf by:





J J Kay - Director


Danlers Limited (Registered number: 02570169)

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

1. STATUTORY INFORMATION

Danlers 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention

The company's functional and presentation currency is the pound sterling and the accounts have been rounded to the nearest pound.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Where the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes a financing transactions, the fair value of the consideration is measured as the present value of all future receipts using the inputed rate of interest.

The Company recognises revenue when the following conditions are satisfied:
i. the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
ii. the Company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the goods sold;
iii. the amount of revenue can be measured reliably;
iv. it is probable that the economic benefits associated with the transaction can be measured reliably.

Sale of goods
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customer in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property- 2% on straight line basis
Improvements to property- 25% on straight line basis
Plant and machinery- 10% on a straight line basis
Fixtures, fittings and equipment- 20% on straight line basis
Motor vehicles- 20% on straight line basis

Stocks
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Stock is recognised as an expense in the period in which the related revenue is recognised.

Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method.

At the end of each reporting period stock is assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

Danlers Limited (Registered number: 02570169)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 31 ) .

Danlers Limited (Registered number: 02570169)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 732,729 271,047 2,068,730
Additions - 28,662 180,495
Disposals - - (34,450 )
At 31 March 2024 732,729 299,709 2,214,775
DEPRECIATION
At 1 April 2023 205,167 267,902 1,005,443
Charge for year - 9,606 216,300
Eliminated on disposal - - (34,450 )
At 31 March 2024 205,167 277,508 1,187,293
NET BOOK VALUE
At 31 March 2024 527,562 22,201 1,027,482
At 31 March 2023 527,562 3,145 1,063,287

Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2023 244,947 23,549 3,341,002
Additions 28,776 - 237,933
Disposals (85,732 ) - (120,182 )
At 31 March 2024 187,991 23,549 3,458,753
DEPRECIATION
At 1 April 2023 225,334 23,549 1,727,395
Charge for year 12,030 - 237,936
Eliminated on disposal (85,230 ) - (119,680 )
At 31 March 2024 152,134 23,549 1,845,651
NET BOOK VALUE
At 31 March 2024 35,857 - 1,613,102
At 31 March 2023 19,613 - 1,613,607

Danlers Limited (Registered number: 02570169)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 610,098
Transfer to ownership (31,168 )
At 31 March 2024 578,930
DEPRECIATION
At 1 April 2023 66,111
Charge for year 57,893
Transfer to ownership (6,233 )
At 31 March 2024 117,771
NET BOOK VALUE
At 31 March 2024 461,159
At 31 March 2023 543,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 878,376 1,046,671
Provision for bad debt - (4,000 )
Other debtors 13,810 94,575
Prepayments 229,256 213,645
1,121,442 1,350,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 100,791 111,481
Trade creditors 614,397 499,165
Social security and other taxes 35,000 30,829
VAT 73,138 61,723
Other creditors - 22,000
Accruals and deferred income 63,247 72,677
886,573 797,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 335,498 436,288

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase - 47,928