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REGISTERED NUMBER: 04393426 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

DANDY'S LIMITED

DANDY'S LIMITED (REGISTERED NUMBER: 04393426)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DANDY'S LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr J N Dandy
Mrs J M Dandy





SECRETARY: Mrs J M Dandy





REGISTERED OFFICE: 91-99 Duke Street
Barrow In Furness
Cumbria
LA14 1RH





REGISTERED NUMBER: 04393426 (England and Wales)





ACCOUNTANTS: R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DANDY'S LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 30 April 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






R F Miller & Co
Double Tree Court
10A Cavendish St
Ulverston
Cumbria
LA12 7AD


22 January 2025

DANDY'S LIMITED (REGISTERED NUMBER: 04393426)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,196 49,300
37,196 49,300

CURRENT ASSETS
Stocks 384,633 422,127
Debtors 6 24,656 29,653
Cash at bank and in hand 79,569 5,351
488,858 457,131
CREDITORS
Amounts falling due within one year 7 195,852 166,438
NET CURRENT ASSETS 293,006 290,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

330,202

339,993

CREDITORS
Amounts falling due after more than one
year

8

(11,375

)

(22,509

)

PROVISIONS FOR LIABILITIES (7,067 ) (9,367 )
NET ASSETS 311,760 308,117

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 310,760 307,117
SHAREHOLDERS' FUNDS 311,760 308,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DANDY'S LIMITED (REGISTERED NUMBER: 04393426)

BALANCE SHEET - continued
30 APRIL 2024


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 Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




Mrs J M Dandy - Director



Mr J N Dandy - Director


DANDY'S LIMITED (REGISTERED NUMBER: 04393426)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Dandy's 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Fixtures and fittings - 25% 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.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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.


DANDY'S LIMITED (REGISTERED NUMBER: 04393426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

OPERATING LEASES
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 80,000
AMORTISATION
At 1 May 2023
and 30 April 2024 80,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

DANDY'S LIMITED (REGISTERED NUMBER: 04393426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 20,710 63,612 59,598 143,920
Additions - - 214 214
At 30 April 2024 20,710 63,612 59,812 144,134
DEPRECIATION
At 1 May 2023 20,710 61,624 12,286 94,620
Charge for year - 485 11,833 12,318
At 30 April 2024 20,710 62,109 24,119 106,938
NET BOOK VALUE
At 30 April 2024 - 1,503 35,693 37,196
At 30 April 2023 - 1,988 47,312 49,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,957 27,793
Prepayments 2,699 1,860
24,656 29,653

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 13,786
Trade creditors 59,105 54,778
Corporation tax 13,633 -
Social security and other taxes 1,728 1,852
VAT 4,677 16,924
Customer deposits 23,386 59,916
Company credit card 4,584 3,715
NEST control account 241 179
Directors' current accounts 1,122 5,644
Accrued expenses 77,151 9,644
195,852 166,438

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 11,375 10,202
Bank loans - 2-5 years - 12,307
11,375 22,509

DANDY'S LIMITED (REGISTERED NUMBER: 04393426)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 May 2023 307,117
Profit for the year 48,643
Dividends (45,000 )
At 30 April 2024 310,760

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors amounts falling due within one year is a balance due to the directors of £6,122 (2023: £5,644). The directors' loan account was not overdrawn at any time during the current or previous years.

12. RELATED PARTY DISCLOSURES

During the year Mr & Mrs Dandy each received a dividend of £50,000 (2023: £44,000)

The company trades from a property owned by the directors and during the year the company paid rent relating to this property of £11,000 (2023 - £12,000).

13. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Mr J N Dandy and Mrs J M Dandy who each own half of the issued share capital of the company.

14. INSURANCE CLAIM

During the year, the trading premises of the company suffered significant damage during storm Debbie causing parts the the building to be closed. An insurance claim was made to cover the extensive repairs required to the fabric of the building and any damaged internal areas.

The amount spent during the year totalled £214,575.15, with total proceeds received from the insurance company being £286,411.93.

The total cost of the repairs up to completion in late 2024, was £410,769.96, and therefore the amount received in advance from the insurance company, being £71,836.78 has been deferred to the 30 April 2025 year. This deferred amount is held within the bank account of the company at the year end.