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Registered number: 11810946
C Deehan Commercial Services Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Daverns
Chartered Accountants
Hardy House
Northbridge Road
Berkhamsted
Herts
HP4 1EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11810946
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 45,252 4,696
Investment Properties 5 521,708 -
566,960 4,696
CURRENT ASSETS
Stocks 6 15,511 10,676
Debtors 7 422,137 219,605
Cash at bank and in hand 370,053 360,899
807,701 591,180
Creditors: Amounts Falling Due Within One Year 8 (349,451 ) (194,713 )
NET CURRENT ASSETS (LIABILITIES) 458,250 396,467
TOTAL ASSETS LESS CURRENT LIABILITIES 1,025,210 401,163
Creditors: Amounts Falling Due After More Than One Year 9 (179,423 ) (19,226 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (9,057 ) (1,174 )
NET ASSETS 836,730 380,763
CAPITAL AND RESERVES
Called up share capital 13 1 1
Profit and Loss Account 836,729 380,762
SHAREHOLDERS' FUNDS 836,730 380,763
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Connor Deehan
Director
4th February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C Deehan Commercial Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11810946 . The registered office is Hardy House , Northbridge Road , Berkhamsted , Herts , HP4 1EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Fixtures & Fittings 25% Straight Line
Computer Equipment 25% Straight Line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 10,850 13,495 - 420 24,765
Additions - 53,200 3,998 632 57,830
As at 30 June 2024 10,850 66,695 3,998 1,052 82,595
Depreciation
As at 1 July 2023 6,329 13,495 - 245 20,069
Provided during the period 2,712 13,300 999 263 17,274
As at 30 June 2024 9,041 26,795 999 508 37,343
Net Book Value
As at 30 June 2024 1,809 39,900 2,999 544 45,252
As at 1 July 2023 4,521 - - 175 4,696
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 -
Additions 521,708
As at 30 June 2024 521,708
6. Stocks
2024 2023
£ £
Finished goods 15,511 10,676
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 263,877 213,424
Prepayments and accrued income 5,361 1,057
Other debtors 152,899 5,124
422,137 219,605
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 85,004 20,276
Bank loans and overdrafts 39,071 10,648
Corporation tax 150,806 104,031
Other taxes and social security 26,128 40,143
Accruals and deferred income 14,080 12,478
Director's loan account 34,362 7,137
349,451 194,713
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 179,423 19,226
10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 198,622 -
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 9,057 1,174
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 1,174 1,174
Additions 7,883 7,883
Balance at 30 June 2024 9,057 9,057
13. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
14. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Connor Deehan 18,000 100,000
Page 5