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REGISTERED NUMBER: 07650202 (England and Wales)















DENTON NICKELS (UK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2024






DENTON NICKELS (UK) LIMITED (REGISTERED NUMBER: 07650202)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DENTON NICKELS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M Denton
G Denton





REGISTERED OFFICE: Wheatley Hall Road
Doncaster
South Yorkshire
DN2 4LP





REGISTERED NUMBER: 07650202 (England and Wales)






DENTON NICKELS (UK) LIMITED (REGISTERED NUMBER: 07650202)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 380,424 281,176
380,424 281,176

CURRENT ASSETS
Stocks 481,995 373,667
Debtors 6 958,147 1,020,530
Cash at bank and in hand 467,467 178,921
1,907,609 1,573,118
CREDITORS
Amounts falling due within one year 7 739,257 617,155
NET CURRENT ASSETS 1,168,352 955,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,548,776

1,237,139

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(19,990

)

PROVISIONS FOR LIABILITIES (95,106 ) (72,892 )
NET ASSETS 1,443,670 1,144,257

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,443,570 1,144,157
SHAREHOLDERS' FUNDS 1,443,670 1,144,257

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

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

DENTON NICKELS (UK) LIMITED (REGISTERED NUMBER: 07650202)

BALANCE SHEET - continued
31 MAY 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 20 January 2025 and were signed on its behalf by:





M Denton - Director


DENTON NICKELS (UK) LIMITED (REGISTERED NUMBER: 07650202)

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


1. STATUTORY INFORMATION

Denton Nickels (UK) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 15% on cost
Fixtures and fittings - 20% on cost and 5% on cost
Motor vehicles - 15% - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, 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.

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.


DENTON NICKELS (UK) LIMITED (REGISTERED NUMBER: 07650202)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

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 34 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 39,312
AMORTISATION
At 1 June 2023
and 31 May 2024 39,312
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

DENTON NICKELS (UK) LIMITED (REGISTERED NUMBER: 07650202)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 385,199
Additions 214,732
Disposals (38,021 )
At 31 May 2024 561,910
DEPRECIATION
At 1 June 2023 104,023
Charge for year 85,865
Eliminated on disposal (8,402 )
At 31 May 2024 181,486
NET BOOK VALUE
At 31 May 2024 380,424
At 31 May 2023 281,176

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 833,481 960,881
Other debtors 124,666 59,649
958,147 1,020,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,999
Trade creditors 188,381 290,452
Taxation and social security 442,489 300,693
Other creditors 98,387 16,011
739,257 617,155

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 19,990

9. LEASING AGREEMENTS
The minimum lease payments under non-cancellable operating leases total £21,079 (2023: nil)