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Registered Number: 06256404
England and Wales

 

 

 

DANTONE ELECTRICAL LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
MARSHES CPA LLP
29 February 2024



....................................................

MARSHES CPA LLP

Interzone House
74-77 Magdalen Road
Oxford
OX4 1RE
25 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 46,785    55,419 
46,785    55,419 
Current assets      
Stocks 4 85,201    110,304 
Debtors 5 467,507    350,506 
Cash at bank and in hand 1,917    850 
554,625    461,660 
Creditors: amount falling due within one year 6 (564,124)   (446,321)
Net current assets (9,499)   15,339 
 
Total assets less current liabilities 37,286    70,758 
Creditors: amount falling due after more than one year 7 (23,846)   (24,685)
Provisions for liabilities 8 (414)   (2,152)
Net assets 13,026    43,921 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 13,024    43,919 
Shareholders' funds 13,026    43,921 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 25 November 2024 and were signed by:


-------------------------------
Anthony Gallagher
Director
2
General Information
DANTONE ELECTRICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06256404, registration address .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Straight Line
Motor Vehicles 20% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value.
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2023 : 5).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 March 2023 2,884    79,976    82,860 
Additions    
Disposals    
At 29 February 2024 2,884    79,976    82,860 
Depreciation
At 01 March 2023 162    35,913    36,075 
Charge for year    
On disposals    
At 29 February 2024 162    35,913    36,075 
Net book values
Closing balance as at 29 February 2024 2,722    44,063    46,785 
Opening balance as at 01 March 2023 340    55,079    55,419 


4.

Stocks

2024
£
  2023
£
Stocks 85,201    110,304 
85,201    110,304 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 404,356    373,705 
Debts Factored without Recourse 92,775    47,790 
497,131    421,495 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Directors Loan Accounts (29,624)   (70,989)
(29,624)   (70,989)

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 326,446    319,549 
Bank Loans & Overdrafts 110,012    27,242 
Corporation Tax 4,737    8,561 
PAYE & Social Security 41,136    20,019 
Accrued Expenses 210    210 
Other Creditors   1 
Obligations under HP/Financial Leases 9,152    19,136 
Wages & Salaries Control Account 5,521   
VAT 66,910    51,603 
564,124    446,321 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 23,846    24,685 
23,846    24,685 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 44    1,400 
Pension Provisions 370    752 
414    2,152 

3