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Registered number: 08114232
DENNESS ENTERPRISES Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 30 June 2024
Warwick Dean Taylor t/as Countrywide Management
Picknell Cottage
Lower Street, Fittleworth
PULBOROUGH
West Sussex
RH20 1JE
Contents
Page
Company Information 1
Director's Report 2
Accountants' Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—8
The following pages do not form part of the statutory accounts:
Trading Profit and Loss Account 9—10
Page 1
Company Information
Director Mr Mick Denness
Company Number 08114232
Registered Office 1 Fox Court
Storrington
PULBOROUGH
West Sussex
RH20 4JL
Accountants Warwick Dean Taylor t/as Countrywide Management
Picknell Cottage
Lower Street, Fittleworth
PULBOROUGH
West Sussex
RH20 1JE
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 30 June 2024.
Directors
The director who held office during the year was as follows:
Mr Mick Denness
Statement of Director's Responsibilities
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Mick Denness
Director
05/03/2025
Page 2
Page 3
Accountants' Report
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 year ended 30 June 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.
Signed
Warwick Dean Taylor
04/03/2025
Warwick Dean Taylor t/as Countrywide Management
Picknell Cottage
Lower Street, Fittleworth
PULBOROUGH
West Sussex
RH20 1JE
Page 3
Page 4
Profit and Loss Account
2024 2023
Notes £ £
TURNOVER 180,237 184,413
Cost of sales (106,304 ) (95,118 )
GROSS PROFIT 73,933 89,295
Distribution costs - 412
Administrative expenses (62,646 ) (52,400 )
OPERATING PROFIT 11,287 37,307
Other interest receivable and similar income 801 247
Interest payable and similar charges (1,652 ) (1,492 )
PROFIT BEFORE TAXATION 10,436 36,062
Tax on Profit - (6,852 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 10,436 29,210
The notes on pages 6 to 8 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,874 17,129
19,874 17,129
CURRENT ASSETS
Stocks 5 1,447 3,040
Debtors 6 (12,388 ) (8,388 )
Cash at bank and in hand 67,824 64,105
56,883 58,757
Creditors: Amounts Falling Due Within One Year 7 (13,492 ) (23,057 )
NET CURRENT ASSETS (LIABILITIES) 43,391 35,700
TOTAL ASSETS LESS CURRENT LIABILITIES 63,265 52,829
NET ASSETS 63,265 52,829
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 63,165 52,729
SHAREHOLDERS' FUNDS 63,265 52,829
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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr Mick Denness
Director
05/03/2025
The notes on pages 6 to 8 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
DENNESS ENTERPRISES Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08114232 . The registered office is 1 Fox Court, Storrington, PULBOROUGH, West Sussex, RH20 4JL.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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: However this year all assets have received repairs and maintenance to offset any depreciation.
Freehold 0%
Leasehold 0%
Plant & Machinery 10%
Motor Vehicles 0%
Fixtures & Fittings 10%
Computer Equipment 0%
2.4. 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.
2.5. 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 year 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.
...CONTINUED
Page 6
Page 7
2.5. Taxation - continued
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 asset reflects 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: 6 (2023: 6)
6 6
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 - 13,173 3,956 17,129
Additions 4,106 - - 4,106
As at 30 June 2024 4,106 13,173 3,956 21,235
Depreciation
As at 1 July 2023 - - - -
Provided during the period - 1,361 - 1,361
As at 30 June 2024 - 1,361 - 1,361
Net Book Value
As at 30 June 2024 4,106 11,812 3,956 19,874
As at 1 July 2023 - 13,173 3,956 17,129
5. Stocks
2024 2023
£ £
Stock 1,447 3,040
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income (12,388 ) (8,388 )
Page 7
Page 8
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2
Corporation tax - 6,852
Other taxes and social security 3,386 2,568
VAT 8,669 10,323
Director's loan account 1,437 3,312
13,492 23,057
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 8
Page 9
Trading Profit and Loss Account
2024 2023
£ £ £ £
TURNOVER
Sales - (7,691)
Sales type B - (27)
Sales type C 162,054 161,822
Sales type D 4,048 4,781
Sales type E 5,362 5,317
Sales type F 3,723 13,231
Sales type G 5,050 6,980
180,237 184,413
COST OF SALES
Purchases 8,371 12,543
Wages and salaries 82,433 71,925
Directors' salaries 15,500 10,650
(106,304 ) (95,118 )
GROSS PROFIT 73,933 89,295
Distribution Costs
Employers pensions - defined contribution schemes - (412 )
- 412
Administrative Expenses
Directors' salaries 17 -
Employers pensions - defined benefits scheme 7,330 6,302
Staff training 96 128
Rent 25,928 17,950
Rates 2,777 4,094
Light and heat 8,464 6,319
Repairs and Renewals 4,542 3,333
Cleaning 1,090 1,152
Insurance 1,502 3,117
Postage 4,396 3,640
Advertising and marketing costs 2,555 4,250
Accountancy fees 2,354 2,183
Subscriptions (352 ) (34 )
Depreciation 1,361 -
Miscellaneous Costs 586 (34 )
(62,646 ) (52,400 )
OPERATING PROFIT 11,287 37,307
Other interest receivable and similar income
Bank interest receivable 801 247
801 247
...CONTINUED
Page 9
Page 10
Interest payable and similar charges
Bank & Credit Card Charges 1,652 1,492
(1,652) (1,492)
PROFIT BEFORE TAXATION 10,436 36,062
Tax on Profit
Corporation tax charge - 6,852
- (6,852)
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR 10,436 29,210
Page 10