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REGISTERED NUMBER: 04972057 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

K DANN ASSET FINANCE LIMITED

K DANN ASSET FINANCE LIMITED (REGISTERED NUMBER: 04972057)

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


K DANN ASSET FINANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: K P Dann





REGISTERED OFFICE: Roselea
20a Main Street
Bishop Wilton
York
YO42 1RX





REGISTERED NUMBER: 04972057 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

K DANN ASSET FINANCE LIMITED (REGISTERED NUMBER: 04972057)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,891 6,529

CURRENT ASSETS
Stocks 4,176 3,750
Debtors 5 21,647 18,245
Cash in hand 250 250
26,073 22,245
CREDITORS
Amounts falling due within one year 6 30,347 26,261
NET CURRENT LIABILITIES (4,274 ) (4,016 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,617 2,513

PROVISIONS FOR LIABILITIES 1,062 1,185
NET ASSETS 555 1,328

CAPITAL AND RESERVES
Called up share capital 7 110 110
Retained earnings 445 1,218
SHAREHOLDERS' FUNDS 555 1,328

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 director acknowledges his 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 director and authorised for issue on 11 November 2024 and were signed by:



K P Dann - Director


K DANN ASSET FINANCE LIMITED (REGISTERED NUMBER: 04972057)

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


1. STATUTORY INFORMATION

K Dann Asset Finance 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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 15% on reducing balance

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 1 (2023 - 1 ) .

K DANN ASSET FINANCE LIMITED (REGISTERED NUMBER: 04972057)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 7,860 2,981 3,304 14,145
Additions - 70 - 70
At 31 March 2024 7,860 3,051 3,304 14,215
DEPRECIATION
At 1 April 2023 3,374 1,898 2,344 7,616
Charge for year 449 108 144 701
Reclassification/transfer - 7 - 7
At 31 March 2024 3,823 2,013 2,488 8,324
NET BOOK VALUE
At 31 March 2024 4,037 1,038 816 5,891
At 31 March 2023 4,486 1,083 960 6,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,647 18,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,100 4,795
Taxation and social security 20,747 19,966
Other creditors 1,500 1,500
30,347 26,261

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A shares £1 100 100
10 Ordinary B shares £1 10 10
110 110

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024 included in "Other debtors " is £15,875 owed by the director to the company. (2023: £13,552). The interest has been charged on the outstanding balance at the HMRC approved rate.