Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31falseHairdressing and other beauty treatment7false2023-11-017truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10998897 2023-11-01 2024-10-31 10998897 2022-11-01 2023-10-31 10998897 2024-10-31 10998897 2023-10-31 10998897 c:Director1 2023-11-01 2024-10-31 10998897 d:Buildings d:LongLeaseholdAssets 2023-11-01 2024-10-31 10998897 d:Buildings d:LongLeaseholdAssets 2024-10-31 10998897 d:Buildings d:LongLeaseholdAssets 2023-10-31 10998897 d:LandBuildings 2024-10-31 10998897 d:LandBuildings 2023-10-31 10998897 d:PlantMachinery 2023-11-01 2024-10-31 10998897 d:PlantMachinery 2024-10-31 10998897 d:PlantMachinery 2023-10-31 10998897 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10998897 d:FurnitureFittings 2023-11-01 2024-10-31 10998897 d:FurnitureFittings 2024-10-31 10998897 d:FurnitureFittings 2023-10-31 10998897 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10998897 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10998897 d:Goodwill 2023-11-01 2024-10-31 10998897 d:Goodwill 2024-10-31 10998897 d:Goodwill 2023-10-31 10998897 d:CurrentFinancialInstruments 2024-10-31 10998897 d:CurrentFinancialInstruments 2023-10-31 10998897 d:Non-currentFinancialInstruments 2024-10-31 10998897 d:Non-currentFinancialInstruments 2023-10-31 10998897 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10998897 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10998897 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 10998897 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 10998897 d:ShareCapital 2024-10-31 10998897 d:ShareCapital 2023-10-31 10998897 d:RetainedEarningsAccumulatedLosses 2024-10-31 10998897 d:RetainedEarningsAccumulatedLosses 2023-10-31 10998897 c:FRS102 2023-11-01 2024-10-31 10998897 c:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10998897 c:FullAccounts 2023-11-01 2024-10-31 10998897 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10998897 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 10998897 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 10998897 d:Goodwill d:OwnedIntangibleAssets 2023-11-01 2024-10-31 10998897 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 10998897










DEBNAM SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
DEBNAM SERVICES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DEBNAM SERVICES LIMITED
FOR THE YEAR ENDED 31 OCTOBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Debnam Services Limited for the year ended 31 October 2024 which comprise  the Statement of financial position, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Debnam Services Limited in accordance with the terms of our engagement letter dated 1st December 2021Our work has been undertaken solely to prepare for your approval the financial statements of Debnam Services Limited and state those matters that we have agreed to state to the director of Debnam Services Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Debnam Services Limited and its director for our work or for this report. 

It is your duty to ensure that Debnam Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Debnam Services Limited. You consider that Debnam Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Debnam Services Limited. 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 statutory financial statements.

  



McColes & Co (Herts) Ltd
 
Chartered Accountants
  
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ
14 March 2025
Page 1

 
DEBNAM SERVICES LIMITED
REGISTERED NUMBER: 10998897

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
£
£

Fixed assets
  

Intangible assets
 4 
3,390
4,520

Tangible assets
 5 
3,471
5,728

  
6,861
10,248

Current assets
  

Debtors: amounts falling due within one year
 6 
56,678
46,446

Cash at bank and in hand
  
-
120

  
56,678
46,566

Creditors: amounts falling due within one year
 7 
(61,287)
(51,761)

Net current liabilities
  
 
 
(4,609)
 
 
(5,195)

Total assets less current liabilities
  
2,252
5,053

Creditors: amounts falling due after more than one year
 8 
(1,747)
(4,951)

Provisions for liabilities
  

Deferred tax
  
(397)
-

  
 
 
(397)
 
 
-

Net assets
  
108
102


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
8
2

  
108
102


Page 2

 
DEBNAM SERVICES LIMITED
REGISTERED NUMBER: 10998897
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 March 2025.




M Debnam
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
DEBNAM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The presentational currency of the Company is GBP.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
DEBNAM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
1.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
1.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
DEBNAM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)

 
1.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
1.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
DEBNAM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.Accounting policies (continued)


1.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Long-term leasehold property
-
20%
straight line
Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
1.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 7

 
DEBNAM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.


General information

The Company is a private company, limited by shares and registered in England.
Its registered number is:10998897
Its Registered Office is: 
First Floor
28 Whitehorse Street
Baldock
Hertfordshire
SG7 6QQ


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Staff
7
7


4.


Intangible assets




Goodwill

£



Cost


At 1 November 2023
11,300



At 31 October 2024

11,300



Amortisation


At 1 November 2023
6,780


Charge for the year on owned assets
1,130



At 31 October 2024

7,910



Net book value



At 31 October 2024
3,390



At 31 October 2023
4,520



Page 8

 
DEBNAM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 November 2023
6,985
684
19,709
27,378


Additions
-
-
295
295



At 31 October 2024

6,985
684
20,004
27,673



Depreciation


At 1 November 2023
5,588
411
15,650
21,649


Charge for the year on owned assets
1,397
68
1,088
2,553



At 31 October 2024

6,985
479
16,738
24,202



Net book value



At 31 October 2024
-
205
3,266
3,471



At 31 October 2023
1,397
272
4,059
5,728




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Long leasehold
-
1,397

-
1,397



6.


Debtors

2024
2023
£
£


Other debtors
56,678
46,253

Prepayments and accrued income
-
193

56,678
46,446


Page 9

 
DEBNAM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
8,735
9,544

Bank loans
15,127
3,183

Trade creditors
3,679
4,890

Corporation tax
19,825
15,397

Other taxation and social security
10,026
12,956

Other creditors
2,095
4,016

Accruals and deferred income
1,800
1,775

61,287
51,761



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,747
4,951

1,747
4,951



9.


Deferred taxation




2024


£






Charged to profit or loss
(397)



At end of year
(397)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(397)
-

(397)
-

Page 10

 
DEBNAM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,710 (2023 - £1,971) . Contributions totalling £nil (2023 - £389) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

The amount due from the Director and included in Other Debtors is £42,673 (2023: £34,908).  The loan does not attract a rate of interest and is repayable on demand.

 
Page 11