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REGISTERED NUMBER: 04511113
























Danetre Workshop Supplies Limited

Financial Statements for the Year Ended 31st August 2024






Danetre Workshop Supplies Limited (Registered number: 04511113)

Contents of the Financial Statements
for the Year Ended 31st August 2024










Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


Danetre Workshop Supplies Limited

Company Information
for the Year Ended 31st August 2024







Directors: D Christmas-Smith
D Smith





Registered office: Unit 3 Baird Close
Drayton Fields Industrial Estate
Daventry
Northampton
NN11 8RY





Registered number: 04511113





Accountants: A.J. Lewis
Chartered Accountant
Lewis & Son Accountants Limited
37 Stoke Road
Blisworth
Northampton
NN7 3BZ

Danetre Workshop Supplies Limited (Registered number: 04511113)

Abridged Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 3 192,831 225,067

Current assets
Stocks 90,125 120,250
Debtors 191,640 222,425
Cash at bank 105,399 105,253
387,164 447,928
Creditors
Amounts falling due within one year 153,075 119,556
Net current assets 234,089 328,372
Total assets less current liabilities 426,920 553,439

Creditors
Amounts falling due after more than one
year

(31,447

)

(67,232

)

Provisions for liabilities (25,378 ) (33,137 )
Net assets 370,095 453,070

Capital and reserves
Called up share capital 99 99
Retained earnings 369,996 452,971
370,095 453,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

Danetre Workshop Supplies Limited (Registered number: 04511113)

Abridged Balance Sheet - continued
31st August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31st August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2024 and were signed on its behalf by:





D Smith - Director


Danetre Workshop Supplies Limited (Registered number: 04511113)

Notes to the Financial Statements
for the Year Ended 31st August 2024


1. 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.

Revenue recognition
Revenue is recognised at the time of delivery of the goods and legal title has passed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% 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 Profit and loss account, 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.

Danetre Workshop Supplies Limited (Registered number: 04511113)

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


1. Accounting policies - continued

Leasing and hire purchase contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligations outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end.

2. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

3. Tangible fixed assets
Totals
£   
Cost
At 1st September 2023 388,707
Additions 317
At 31st August 2024 389,024
Depreciation
At 1st September 2023 163,640
Charge for year 32,553
At 31st August 2024 196,193
Net book value
At 31st August 2024 192,831
At 31st August 2023 225,067