Registered number
06779780
Darnbrough and Co Ltd
Filleted Accounts
31 December 2024
Darnbrough and Co Ltd
Registered number: 06779780
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 140,000 140,000
Tangible assets 4 13,314 15,251
153,314 155,251
Current assets
Debtors 5 63,996 55,306
Cash at bank and in hand 21,623 39,085
85,619 94,391
Creditors: amounts falling due within one year 6 (178,282) (194,274)
Net current liabilities (92,663) (99,883)
Total assets less current liabilities 60,651 55,368
Provisions for liabilities (1,121) (1,501)
Net assets 59,530 53,867
Capital and reserves
Called up share capital 100 100
Profit and loss account 59,430 53,767
Shareholders' funds 59,530 53,867
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Darnbrough
Director
Approved by the board on 14 February 2025
Darnbrough and Co Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
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).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 249,220
At 31 December 2024 249,220
Amortisation
At 1 January 2024 109,220
At 31 December 2024 109,220
Net book value
At 31 December 2024 140,000
At 31 December 2023 140,000
Goodwill is being written off to it's recoverable amount in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 15,412 30,236 45,648
Additions - 1,473 1,473
At 31 December 2024 15,412 31,709 47,121
Depreciation
At 1 January 2024 6,164 24,233 30,397
Charge for the year 1,541 1,869 3,410
At 31 December 2024 7,705 26,102 33,807
Net book value
At 31 December 2024 7,707 5,607 13,314
At 31 December 2023 9,248 6,003 15,251
5 Debtors 2024 2023
£ £
Trade debtors 8,250 6,595
Bad debt provision (2,816) (1,651)
Other debtors 50,000 40,000
Employee loan 5,850 7,650
Prepayments 2,712 2,712
63,996 55,306
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,629 775
Taxation and social security costs 20,862 22,850
Director's loan account 152,760 169,431
Other creditors 2,031 1,218
178,282 194,274
7 Other information
Darnbrough and Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Knaresborough Technology Park
Manse Lane
Knaresborough
HG5 8LF
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