IRIS Accounts Production v24.3.2.46 04307232 Board of Directors 31.3.24 1.4.23 31.3.24 31.3.24 Commercial buildings maintenance and project delivery, specialising in fire detection and suppression, CCTV, access control, mechanical & electrical, and fabrication. true true true false true true false false false false false true false Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043072322023-03-31043072322024-03-31043072322023-04-012024-03-31043072322022-03-31043072322022-04-012023-03-31043072322023-03-3104307232ns15:EnglandWales2023-04-012024-03-3104307232ns14:PoundSterling2023-04-012024-03-3104307232ns10:Director12023-04-012024-03-3104307232ns10:Consolidated2024-03-3104307232ns10:ConsolidatedGroupCompanyAccounts2023-04-012024-03-3104307232ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104307232ns10:Consolidatedns10:FRS1022023-04-012024-03-3104307232ns10:Consolidatedns10:Audited2023-04-012024-03-3104307232ns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-04-012024-03-3104307232ns10:LargeMedium-sizedCompaniesRegimeForAccounts2023-04-012024-03-3104307232ns10:Consolidatedns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2023-04-012024-03-3104307232ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Consolidated2023-04-012024-03-3104307232ns10:FullAccounts2023-04-012024-03-3104307232ns5:Subsidiary12023-04-012024-03-3104307232ns5:Associate12023-04-012024-03-310430723212023-04-012024-03-3104307232ns10:OrdinaryShareClass12023-04-012024-03-3104307232ns10:Consolidated2023-04-012024-03-3104307232ns10:Director22023-04-012024-03-3104307232ns10:Director32023-04-012024-03-3104307232ns10:Director42023-04-012024-03-3104307232ns10:CompanySecretary12023-04-012024-03-3104307232ns10:RegisteredOffice2023-04-012024-03-3104307232ns10:Consolidated2022-04-012023-03-3104307232ns5:CurrentFinancialInstruments2024-03-3104307232ns5:CurrentFinancialInstruments2023-03-3104307232ns5:Non-currentFinancialInstruments2024-03-3104307232ns5:Non-currentFinancialInstruments2023-03-3104307232ns5:ShareCapital2024-03-3104307232ns5:ShareCapital2023-03-3104307232ns5:CapitalRedemptionReserve2024-03-3104307232ns5:CapitalRedemptionReserve2023-03-3104307232ns5:ShareCapital2022-03-3104307232ns5:RetainedEarningsAccumulatedLosses2022-03-3104307232ns5:CapitalRedemptionReserve2022-03-3104307232ns5:ShareCapital2022-04-012023-03-3104307232ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3104307232ns5:PreviouslyStatedAmountns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3104307232ns5:CapitalRedemptionReserve2022-04-012023-03-3104307232ns5:PreviouslyStatedAmount2022-04-012023-03-3104307232ns5:PreviouslyStatedAmountns5:RetainedEarningsAccumulatedLosses2023-03-3104307232ns5:PriorPeriodIncreaseDecreasens5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3104307232ns5:PriorPeriodIncreaseDecrease2023-04-012024-03-3104307232ns5:ShareCapital2023-03-3104307232ns5:RetainedEarningsAccumulatedLosses2023-03-3104307232ns5:CapitalRedemptionReserve2023-03-3104307232ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3104307232ns5:CapitalRedemptionReserve2023-04-012024-03-3104307232ns5:RetainedEarningsAccumulatedLosses2024-03-3104307232ns5:NetGoodwill2023-04-012024-03-3104307232ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3104307232ns5:PlantMachinery2023-04-012024-03-3104307232ns5:FurnitureFittings2023-04-012024-03-3104307232ns5:MotorVehicles2023-04-012024-03-3104307232ns5:ComputerEquipment2023-04-012024-03-3104307232ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3104307232ns5:PlantMachinery2023-03-3104307232ns5:FurnitureFittings2023-03-3104307232ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3104307232ns5:PlantMachinery2024-03-3104307232ns5:FurnitureFittings2024-03-3104307232ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3104307232ns5:PlantMachinery2023-03-3104307232ns5:FurnitureFittings2023-03-3104307232ns5:MotorVehicles2023-03-3104307232ns5:ComputerEquipment2023-03-3104307232ns5:MotorVehicles2024-03-3104307232ns5:ComputerEquipment2024-03-3104307232ns5:MotorVehicles2023-03-3104307232ns5:ComputerEquipment2023-03-3104307232ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104307232ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3104307232ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3104307232ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104307232ns5:CostValuation2023-03-3104307232ns5:Subsidiary112023-04-012024-03-3104307232ns5:Subsidiary12024-03-3104307232ns5:Subsidiary12023-03-3104307232ns5:Subsidiary12023-03-3104307232ns5:Subsidiary12022-04-012023-03-31043072321ns5:Associate12023-04-012024-03-3104307232ns5:Associate12024-03-3104307232ns5:Associate12023-03-3104307232ns5:Associate12022-04-012023-03-3104307232ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104307232ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104307232ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3104307232ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104307232ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3104307232ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104307232ns5:HirePurchaseContractsns5:WithinOneYear2024-03-3104307232ns5:HirePurchaseContractsns5:WithinOneYear2023-03-3104307232ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3104307232ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3104307232ns5:HirePurchaseContracts2024-03-3104307232ns5:HirePurchaseContracts2023-03-3104307232ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104307232ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104307232ns5:WithinOneYear2024-03-3104307232ns5:WithinOneYear2023-03-3104307232ns5:BetweenOneFiveYears2024-03-3104307232ns5:BetweenOneFiveYears2023-03-3104307232ns5:MoreThanFiveYears2024-03-3104307232ns5:MoreThanFiveYears2023-03-3104307232ns5:AllPeriods2024-03-3104307232ns5:AllPeriods2023-03-3104307232ns5:DeferredTaxation2023-03-3104307232ns5:DeferredTaxation2024-03-3104307232ns10:OrdinaryShareClass12024-03-3104307232ns5:PreviouslyStatedAmountns5:RetainedEarningsAccumulatedLosses2023-03-3104307232ns5:PreviouslyStatedAmount2023-03-31
REGISTERED NUMBER: 04307232 (England and Wales)














Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2024

for

Dante FS Group Ltd

Dante FS Group Ltd (Registered number: 04307232)






Contents of the Consolidated Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Consolidated Income Statement 7

Consolidated Other Comprehensive Income 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 15


Dante FS Group Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D G Roberts
B D Sinnott
A Roskell
N Corney





SECRETARY: D G Roberts





REGISTERED OFFICE: Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW





REGISTERED NUMBER: 04307232 (England and Wales)





AUDITORS: Douglas Fairless Partnership
Chartered Certified Accountants
and Statutory Auditors
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

Dante FS Group Ltd (Registered number: 04307232)

Group Strategic Report
for the Year Ended 31 March 2024

The directors present their strategic report of the company and the group for the year ended 31 March 2024.

Dante FS Group Ltd trades as a commercial buildings maintenance and project delivery business specialising in fire detection and suppression, CCTV, access control, mechanical & electrical, and fabrication. The business is based in the North West, but has been operating successfully nationwide for over 20 years.The business started as a fire and security installation business but over the years has diversified successfully into other markets.

Dante FS Group Ltd is the parent company of Cathedral Building Services Ltd. Dante FS Group Ltd acquired 100% of the share capital of Cathedral Building Services Ltd in 2021. Cathedral Building Services Ltd operates the southern arm of the Dante FS Group Ltd operations as well as servicing it's various long standing maintenance contracts.

REVIEW OF BUSINESS
The year to 31 March 2024 has seen Dante FS Group Ltd maintain it's market position and take advantage of growth in the fire stopping market. We have continued to services our larger contracts whilst still retaining our core customer base and bringing in new contracts during 2024. Group turnover has remained consistent with 2023 results coming in at £13.4 million (2023 - £13.8 million) which is a 3% year on year reduction in revenue. Our subsidiary, Cathedral Building Services Ltd has had a particularly strong year increasing turnover from £1.74 million in 2023 to £2.41 million in 2024.

Group gross profit margins have increased to 28.05% (2023 - 17.20%), this increase in GPM was expected after the resolution of an issue on one contract which led to the slight down turn in the margin during 2023 and also due being able to utilise our workforce across a greater number of contracts which has reduced the need for the group to source external contractors. Net profit margins prior to depreciation and other accounting adjustments are showing a strong year on year improvement coming in at 7.64% return on turnover, compared to 3.01% in 2023, with our subsidiary Cathedral Building Services Ltd delivering consistent returns of 13% compared with 12% in 2023 . Management have been working hard to reduce overheads to bring the net profit margins back up to a more desirable levels, which is now starting to show in the net profits levels being returned. Management will seek to continue to improve these margins in the coming years.

The group balance sheet continues to show strong year on year increases, group reserves now stand at £796,424 compared with £386,526 for 2023 (as detailed on pg 9). With our long term debts reducing (see page 24), the cash flow position of the business (as detailed on page 13) is expected to improve significantly through 2024/25 and beyond, which will provide us with opportunities to expand the business further.

PRINCIPAL RISKS AND UNCERTAINTIES
The principle risks to the business will always remain the cash available in the business to service our debts and allow us the working capital to perform the contracts driving our revenue streams. Bad debts, particularly on our larger contracts pose a risk to the cash flow position of the business. The use of invoice financing companies means we are managing this risk successfully. Whilst the cash flow is working in our favour in 2024 and due to the contracts and customer base that we have in place, there are no current or impending threats to the going concern basis of preparation, management consider the going concern basis of preparation to remain appropriate for the foreseeable future.

ON BEHALF OF THE BOARD:





D G Roberts - Director


26 February 2025

Dante FS Group Ltd (Registered number: 04307232)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2024.

DIVIDENDS
An interim dividend of £2,660 per share was paid on 30 April 2023. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2024 will be £ 255,360 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

D G Roberts
B D Sinnott
A Roskell
N Corney

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors 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 the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements 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 directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Douglas Fairless Partnership, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





D G Roberts - Director


26 February 2025

Report of the Independent Auditors to the Members of
Dante FS Group Ltd

Opinion
We have audited the financial statements of Dante FS Group Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
Dante FS Group Ltd


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which the audit was capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

In identifying and assessing risks of material misstatement in the financial statements in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, the control environment and the impact of business performance on Directors earnings.
- results of our enquiries of management and key finance persons about their own identification and assessment of the risks and irregularities.
- any matters we identified after obtaining and reviewing company policies and procedures relating to; identifying, evaluating and complying with laws and regulations. Detecting and responding to risks of fraud. The internal controls in place to mitigate the risks of fraud or non-compliance with laws and regulations.

From this assessment, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis of our opinion. Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- reading minutes of meetings of those charged with governance, reviewing correspondence with HMRC; and
- in addressing the risk of fraud through management override of controls; we have tested the operational effectiveness of internal controls relevant to the financial statements, tested the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Dante FS Group Ltd


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors 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 members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr Gregory Newton FCCA (Senior Statutory Auditor)
for and on behalf of Douglas Fairless Partnership
Chartered Certified Accountants
and Statutory Auditors
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

26 February 2025

Dante FS Group Ltd (Registered number: 04307232)

Consolidated
Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
as restated
Notes £    £    £    £   

TURNOVER 3 13,430,822 13,844,758

Cost of sales 9,667,598 10,981,899
GROSS PROFIT 3,763,224 2,862,859

Distribution costs 8,629 2,675
Administrative expenses 2,844,686 2,583,947
2,853,315 2,586,622
909,909 276,237

Other operating income 2,555 -
OPERATING PROFIT 5 912,464 276,237

Interest receivable and similar income 1,458 335
913,922 276,572
Amounts written off investments 6 - 2,080,786
913,922 (1,804,214 )

Interest payable and similar expenses 7 45,207 25,565
PROFIT/(LOSS) BEFORE TAXATION 868,715 (1,829,779 )

Tax on profit/(loss) 8 211,436 (58,288 )
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 657,279 (1,771,491 )
Profit/(loss) attributable to:
Owners of the parent 665,258 (1,765,383 )
Non-controlling interests (7,979 ) (6,108 )
657,279 (1,771,491 )

Dante FS Group Ltd (Registered number: 04307232)

Consolidated
Other Comprehensive Income
for the Year Ended 31 March 2024

31.3.24 31.3.23
as restated
Notes £    £   

PROFIT/(LOSS) FOR THE YEAR 657,279 (1,771,491 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

657,279

(1,771,491

)
Note
Prior year adjustment 11 (2,152,869 )
TOTAL COMPREHENSIVE INCOME SINCE
LAST ANNUAL REPORT

(1,495,590

)

Total comprehensive income attributable to:
Owners of the parent (1,495,590 ) (1,771,491 )

Dante FS Group Ltd (Registered number: 04307232)

Consolidated Balance Sheet
31 March 2024

31.3.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 12 646,305 737,305
Tangible assets 13 291,388 264,952
Investments 14
Interest in associate 17,706 9,727
955,399 1,011,984

CURRENT ASSETS
Stocks 15 327,426 405,745
Debtors 16 3,327,831 3,376,327
Cash at bank and in hand 132,723 245,514
3,787,980 4,027,586
CREDITORS
Amounts falling due within one year 17 3,655,240 4,356,615
NET CURRENT ASSETS/(LIABILITIES) 132,740 (329,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,088,139

682,955

CREDITORS
Amounts falling due after more than one
year

18

(242,072

)

(267,319

)

PROVISIONS FOR LIABILITIES 22 (49,643 ) (29,110 )
NET ASSETS 796,424 386,526

CAPITAL AND RESERVES
Called up share capital 23 98 98
Capital redemption reserve 24 2 2
Retained earnings 24 796,324 386,426
SHAREHOLDERS' FUNDS 796,424 386,526

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





D G Roberts - Director


Dante FS Group Ltd (Registered number: 04307232)

Company Balance Sheet
31 March 2024

31.3.24 31.3.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 12 - -
Tangible assets 13 271,884 232,985
Investments 14 953,119 953,119
1,225,003 1,186,104

CURRENT ASSETS
Stocks 15 277,399 325,161
Debtors 16 3,370,872 3,337,416
Cash at bank and in hand 53,101 85,194
3,701,372 3,747,771
CREDITORS
Amounts falling due within one year 17 3,593,998 4,167,954
NET CURRENT ASSETS/(LIABILITIES) 107,374 (420,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,332,377

765,921

CREDITORS
Amounts falling due after more than one
year

18

(242,072

)

(265,367

)

PROVISIONS FOR LIABILITIES 22 (45,445 ) (23,724 )
NET ASSETS 1,044,860 476,830

CAPITAL AND RESERVES
Called up share capital 23 98 98
Capital redemption reserve 24 2 2
Retained earnings 24 1,044,760 476,730
SHAREHOLDERS' FUNDS 1,044,860 476,830

Company's profit/(loss) for the financial year 823,390 (1,388,809 )

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





D G Roberts - Director


Dante FS Group Ltd (Registered number: 04307232)

Consolidated Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2022 100 2,510,754 - 2,510,854

Changes in equity
Issue of share capital (2 ) - - (2 )
Dividends - (320,001 ) - (320,001 )
Total comprehensive income - 348,542 2 348,544
Balance at 31 March 2023 98 2,539,295 2 2,539,395
Prior year adjustment - (2,152,869 ) - (2,152,869 )
As restated 98 386,426 2 386,526

Changes in equity
Dividends - (255,360 ) - (255,360 )
Total comprehensive income - 665,258 - 665,258
Balance at 31 March 2024 98 796,324 2 796,424

Dante FS Group Ltd (Registered number: 04307232)

Company Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2022 100 2,224,484 - 2,224,584

Changes in equity
Issue of share capital (2 ) - - (2 )
Dividends - (320,001 ) - (320,001 )
Total comprehensive income - 725,116 2 725,118
Balance at 31 March 2023 98 2,629,599 2 2,629,699
Prior year adjustment - (2,152,869 ) - (2,152,869 )
As restated 98 476,730 2 476,830

Changes in equity
Dividends - (255,360 ) - (255,360 )
Total comprehensive income - 823,390 - 823,390
Balance at 31 March 2024 98 1,044,760 2 1,044,860

Dante FS Group Ltd (Registered number: 04307232)

Consolidated Cash Flow Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
as restated
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 651,153 (785,613 )
Interest paid (43,382 ) (23,944 )
Interest element of hire purchase payments
paid

(1,825

)

(1,621

)
Tax paid (41,222 ) (70,002 )
Net cash from operating activities 564,724 (881,180 )

Cash flows from investing activities
Purchase of intangible fixed assets - (93,042 )
Purchase of tangible fixed assets (103,072 ) (18,984 )
Purchase of fixed asset investments - (3,619 )
Sale of tangible fixed assets 11,331 -
- 2,080,784
Interest received 1,458 335
Net cash from investing activities (90,283 ) 1,965,474

Cash flows from financing activities
Loan repayments in year (61,169 ) (979,739 )
Adjustment to loan interest 23,181 -
Capital repayments in year 41,216 (11,790 )
Amount withdrawn by directors (335,100 ) 39,504
Share issue - (2 )
Equity dividends paid (255,360 ) (320,001 )
Net cash from financing activities (587,232 ) (1,272,028 )

Decrease in cash and cash equivalents (112,791 ) (187,734 )
Cash and cash equivalents at beginning
of year

2

245,514

433,248

Cash and cash equivalents at end of year 2 132,723 245,514

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 March 2024

1. RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.3.24 31.3.23
as restated
£    £   
Profit/(loss) before taxation 868,715 (1,829,779 )
Depreciation charges 159,974 166,529
Profit on disposal of fixed assets (3,667 ) -
Finance costs 45,207 25,565
Finance income (1,458 ) (335 )
1,068,771 (1,638,020 )
Decrease/(increase) in stocks 78,319 (262,859 )
Decrease in trade and other debtors 343,159 1,570,629
Decrease in trade and other creditors (839,096 ) (455,363 )
Cash generated from operations 651,153 (785,613 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2024
31.3.24 1.4.23
£    £   
Cash and cash equivalents 132,723 245,514
Year ended 31 March 2023
31.3.23 1.4.22
as restated
£    £   
Cash and cash equivalents 245,514 433,248


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.23 Cash flow At 31.3.24
£    £    £   
Net cash
Cash at bank and in hand 245,514 (112,791 ) 132,723
245,514 (112,791 ) 132,723
Debt
Finance leases (34,440 ) (41,216 ) (75,656 )
Debts falling due within 1 year (61,167 ) (20,199 ) (81,366 )
Debts falling due after 1 year (244,668 ) 58,185 (186,483 )
(340,275 ) (3,230 ) (343,505 )
Total (94,761 ) (116,021 ) (210,782 )

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Dante FS Group Ltd 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Basis of consolidation
The consolidated financial statements incorporate those of Dante FS Group Ltd and all of its subsidiaries. Subsidiaries acquired during the year are consolidated using the purchase method. Their results are incorporated from the date that control passes.

All financial statements are made up to 31st March each year. Where necessary, adjustments are made to the financial statements of the subsidiary to bring accounting policies in line with those used by the group.

All intra-group transactions and balances between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group's financial statements from the date that control commences until the date that control ceases.

Associates
Investments in associates are carried on the group balance sheet using the equity method.

Turnover
The turnover in the profit and loss account represents revenue recognised on installation and maintenance works fully delivered during the period exclusive of value added tax. Revenue on monitoring contracts are recognised based on the accrued contract period.

Goodwill
Goodwill represents the difference between the cost of a business combination and the group's interest in the fair value of the identifiable assets and liabilities of the acquiree at the acquisition date. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

Goodwill is amortised over it's expected useful life which is estimated to be 10 years. Goodwill is assessed for impairment, when there are indicators of impairment, any impairment is charged to the profit and loss account.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 25% on reducing balance

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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.

Work In Progress is calculated by reference to costs directly incurred on installations and maintenance contracts which have not yet been invoiced and recognised as revenue in the year.

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from third parties and loans to and from related parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. TURNOVER

The turnover and profit (2023 - loss) before taxation are attributable to the one principal activity of the group.

Revenue analysed by category was as follows:

31.03.24 31.03.23
£ £
Rendering of Services 13,122,384 13,844,758
Management Fees 2,555
Deposit Account Interest 1,458 335
13,126,397 13,845,093

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS
31.3.24 31.3.23
as restated
£    £   
Wages and salaries 2,453,367 2,287,028
Social security costs 262,671 251,305
Other pension costs 50,790 45,631
2,766,828 2,583,964

The average number of employees during the year was as follows:
31.3.24 31.3.23
as restated

Directors 4 4
Management 3 2
Other 62 72
69 78

The average number of employees by undertakings that were proportionately consolidated during the year was 78 (2023 - 73 ) .

31.3.24 31.3.23
as restated
£    £   
Directors' remuneration 37,710 27,288

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.24 31.3.23
as restated
£    £   
Hire of plant and machinery 102,049 137,746
Depreciation - owned assets 57,616 62,445
Depreciation - assets on hire purchase contracts 11,361 13,086
Profit on disposal of fixed assets (3,672 ) -
Goodwill amortisation 91,000 91,000
Auditors' remuneration 14,500 14,000
Other non- audit services 5,103 7,765

6. AMOUNTS WRITTEN OFF INVESTMENTS
31.3.24 31.3.23
as restated
£    £   
Amounts w/o invs - 2,080,786

7. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.24 31.3.23
as restated
£    £   
Bank loan interest 43,382 23,944
Hire purchase 1,825 1,621
45,207 25,565

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

8. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
31.3.24 31.3.23
as restated
£    £   
Current tax:
UK corporation tax 190,903 39,655
Corporation tax adjustment - (89,936 )
Total current tax 190,903 (50,281 )

Deferred tax 20,533 (8,007 )
Tax on profit/(loss) 211,436 (58,288 )

Reconciliation of total tax charge/(credit) included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31.3.24 31.3.23
as restated
£    £   
Profit/(loss) before tax 868,715 (1,829,779 )
Profit/(loss) multiplied by the standard rate of corporation tax in the UK of
25 % (2023 - 25 %)

217,179

(457,445

)

Effects of:
Expenses not deductible for tax purposes 14,098 15,691
Capital allowances in excess of depreciation (6,608 ) -
Depreciation in excess of capital allowances - 13,073
Utilisation of tax losses (58,809 ) (63,426 )
Structural Buildings Allowance (549 ) (549 )
Deferred taxation movement 20,533 (8,007 )
Adjustment for R & D Claim for 2021 - (89,936 )
Amounts W/off investments - 520,197
Inter-group transactions affecting tax 2,842 (12,524 )
Goodwill 22,750 22,750
Unused non-trading loan relationship deficit - 1,888
Total tax charge/(credit) 211,436 (58,288 )

9. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


10. DIVIDENDS
31.3.24 31.3.23
as restated
£    £   
Ordinary shares of £1 each
Interim 255,360 320,001

11. PRIOR YEAR ADJUSTMENT

A prior year adjustment totalling £2,080,786 has been made to the carrying value of the investment in our subsidiary. The goodwill amortisation has also been adjusted for this amendment to the carrying value. A further £72,083 adjustment has been made to carrying value of leasehold property to account for depreciation not provided for.

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

12. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 910,001
AMORTISATION
At 1 April 2023 172,696
Amortisation for year 91,000
At 31 March 2024 263,696
NET BOOK VALUE
At 31 March 2024 646,305
At 31 March 2023 737,305

13. TANGIBLE FIXED ASSETS

Group
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 180,208 18,663 181,830
Additions - - 5,297
Disposals - - -
At 31 March 2024 180,208 18,663 187,127
DEPRECIATION
At 1 April 2023 72,083 12,030 140,718
Charge for year 18,021 1,658 11,602
Eliminated on disposal - - -
At 31 March 2024 90,104 13,688 152,320
NET BOOK VALUE
At 31 March 2024 90,104 4,975 34,807
At 31 March 2023 108,125 6,633 41,112

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

13. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 222,662 165,115 768,478
Additions 93,498 4,277 103,072
Disposals (68,524 ) - (68,524 )
At 31 March 2024 247,636 169,392 803,026
DEPRECIATION
At 1 April 2023 164,988 113,707 503,526
Charge for year 22,079 15,617 68,977
Eliminated on disposal (60,865 ) - (60,865 )
At 31 March 2024 126,202 129,324 511,638
NET BOOK VALUE
At 31 March 2024 121,434 40,068 291,388
At 31 March 2023 57,674 51,408 264,952

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 75,613
Additions 47,719
At 31 March 2024 123,332
DEPRECIATION
At 1 April 2023 42,101
Charge for year 11,361
At 31 March 2024 53,462
NET BOOK VALUE
At 31 March 2024 69,870
At 31 March 2023 33,512

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

13. TANGIBLE FIXED ASSETS - continued

Company
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 180,208 13,241 173,886
Additions - - 5,297
Disposals - - -
At 31 March 2024 180,208 13,241 179,183
DEPRECIATION
At 1 April 2023 72,083 10,222 132,775
Charge for year 18,021 755 11,602
Eliminated on disposal - - -
At 31 March 2024 90,104 10,977 144,377
NET BOOK VALUE
At 31 March 2024 90,104 2,264 34,806
At 31 March 2023 108,125 3,019 41,111

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 88,633 158,540 614,508
Additions 93,498 3,652 102,447
Disposals (9,325 ) - (9,325 )
At 31 March 2024 172,806 162,192 707,630
DEPRECIATION
At 1 April 2023 57,119 109,324 381,523
Charge for year 16,620 13,217 60,215
Eliminated on disposal (5,992 ) - (5,992 )
At 31 March 2024 67,747 122,541 435,746
NET BOOK VALUE
At 31 March 2024 105,059 39,651 271,884
At 31 March 2023 31,514 49,216 232,985

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

13. TANGIBLE FIXED ASSETS - continued

Company

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 31,480
Additions 47,719
At 31 March 2024 79,199
DEPRECIATION
At 1 April 2023 13,773
Charge for year 7,409
At 31 March 2024 21,182
NET BOOK VALUE
At 31 March 2024 58,017
At 31 March 2023 17,707

14. FIXED ASSET INVESTMENTS

Group
Interest
in
associate
£   
COST
At 1 April 2023 9,727
Share of profit/(loss) 7,979
At 31 March 2024 17,706
NET BOOK VALUE
At 31 March 2024 17,706
At 31 March 2023 9,727
Company
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 856,459 96,660 953,119
NET BOOK VALUE
At 31 March 2024 856,459 96,660 953,119
At 31 March 2023 856,459 96,660 953,119

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

14. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Cathedral Building Services Ltd
Registered office: Seymour Chambers, 92 London Road, Liverpool, England, L3 5NW
Nature of business: Facilities management services
%
Class of shares: holding
Ordinary 100.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 52,040 115,779
Profit for the year 236,261 162,312

Associated company

Dante Fire & Security (NE) Ltd
Registered office: Seymour Chambers, 92 London Road, Liverpool, Merseyside, L3 5NW
Nature of business: Fire & Security systems installations
%
Class of shares: holding
Ordinary 25.00
31.3.24 31.3.23
£    £   
Aggregate capital and reserves 21,388 14,474
Profit for the year 31,914 24,432


15. STOCKS

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
as restated as restated
£    £    £    £   
Stocks 21,200 22,530 21,200 22,530
Work-in-progress 306,226 383,215 256,199 302,631
327,426 405,745 277,399 325,161

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
as restated as restated
£    £    £    £   
Trade debtors 2,767,708 3,147,668 2,816,681 3,032,637
Other debtors 213,360 165,306 209,585 165,306
Inter-company - - - 88,160
Directors' current accounts 294,663 - 294,663 -
Prepayments 52,100 63,353 49,943 51,313
3,327,831 3,376,327 3,370,872 3,337,416

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
as restated as restated
£    £    £    £   
Bank loans and overdrafts (see note 19) 81,366 61,167 81,366 61,167
Hire purchase contracts (see note 20) 20,067 11,789 18,115 3,979
Trade creditors 1,524,540 2,239,810 1,467,706 2,193,837
Corporation taxation 231,406 81,725 108,232 -
Social security and other taxes 80,784 116,799 64,799 98,791
VAT 474,717 265,141 475,792 247,810
Other creditors 10,912 82,757 8,892 81,205
Factoring account 1,030,036 1,294,154 1,030,036 1,294,154
Credit card 70,526 34,166 69,978 33,022
Inter-company - - 155,358 -
Directors' current accounts - 40,437 - 40,437
Accruals and deferred income 16,661 37,470 11,950 30,696
Accrued expenses 114,225 91,200 101,774 82,856
3,655,240 4,356,615 3,593,998 4,167,954

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
as restated as restated
£    £    £    £   
Bank loans (see note 19) 186,483 244,668 186,483 244,668
Hire purchase contracts (see note 20) 55,589 22,651 55,589 20,699
242,072 267,319 242,072 265,367

19. LOANS

An analysis of the maturity of loans is given below:

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
as restated as restated
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 81,366 61,167 81,366 61,167
Amounts falling due between one and two years:
Bank loans - 1-2 years 81,366 61,167 81,366 61,167
Amounts falling due between two and five years:
Bank loans - 2-5 years 105,117 183,501 105,117 183,501

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

20. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
31.3.24 31.3.23
as restated
£    £   
Gross obligations repayable:
Within one year 22,507 13,410
Between one and five years 58,529 24,947
81,036 38,357

Finance charges repayable:
Within one year 2,440 1,621
Between one and five years 2,940 2,296
5,380 3,917

Net obligations repayable:
Within one year 20,067 11,789
Between one and five years 55,589 22,651
75,656 34,440

Company
Hire purchase contracts
31.3.24 31.3.23
as restated
£    £   
Gross obligations repayable:
Within one year 20,555 5,600
Between one and five years 58,529 22,995
79,084 28,595

Finance charges repayable:
Within one year 2,440 1,621
Between one and five years 2,940 2,296
5,380 3,917

Net obligations repayable:
Within one year 18,115 3,979
Between one and five years 55,589 20,699
73,704 24,678

Company
Non-cancellable operating leases
31.3.24 31.3.23
as restated
£    £   
Within one year 235,945 245,347
Between one and five years 340,996 370,995
In more than five years - 45,453
576,941 661,795

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

21. SECURED DEBTS

Cynergy Business Finance Limited has a fixed and floating charge over all the property and undertakings of the company.

22. PROVISIONS FOR LIABILITIES

Group Company
31.3.24 31.3.23 31.3.24 31.3.23
as restated as restated
£    £    £    £   
Deferred Tax 49,643 29,110 45,445 23,724

Group
Deferred
tax
£   
Balance at 1 April 2023 29,110
Accelerated Capital allowances 20,533
Balance at 31 March 2024 49,643

Company
Deferred
tax
£   
Balance at 1 April 2023 23,724
Accelerated capital allowances 21,721
Balance at 31 March 2024 45,445

23. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: as restated
£    £   
100 Ordinary £1 98 98

24. RESERVES

Group
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 2,539,295 2 2,539,297
Prior year adjustment (2,152,869 ) (2,152,869 )
386,426 386,428
Profit for the year 665,258 665,258
Dividends (255,360 ) (255,360 )
At 31 March 2024 796,324 2 796,326

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

24. RESERVES - continued

Company
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2023 2,629,599 2 2,629,601
Prior year adjustment (2,152,869 ) (2,152,869 )
476,730 476,732
Profit for the year 823,390 823,390
Dividends (255,360 ) (255,360 )
At 31 March 2024 1,044,760 2 1,044,762


25. PENSION COMMITMENTS

The group 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 £51,391 (2023 - £45,388). At the balance sheet date £10,912 (2023 - £10,016) was owing to the fund contained within other creditors.

26. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
as restated
£    £   
D G Roberts
Balance outstanding at start of year (13,479 ) (311 )
Amounts advanced 200,154 107,313
Amounts repaid (88,454 ) (120,481 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,221 (13,479 )

B D Sinnott
Balance outstanding at start of year (13,479 ) (311 )
Amounts advanced 200,154 107,313
Amounts repaid (88,454 ) (120,481 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,221 (13,479 )

A Roskell
Balance outstanding at start of year (13,479 ) (311 )
Amounts advanced 200,155 107,314
Amounts repaid (88,455 ) (120,482 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,221 (13,479 )

The loans to the director's are unsecured, interest free and repayable on demand.

27. RELATED PARTY DISCLOSURES

Dante FS Group Ltd (Registered number: 04307232)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2024

27. RELATED PARTY DISCLOSURES - continued

Entities that provide key management personnel services to the entity
31.3.24 31.3.23
as restated
£    £   
Management Fees 42,788 37,042
Purchases 271,903 23,943
Transfers - 51,461
Amount due from related party 190,045 222,486
Amount due to related party 1,819 176,883

These related parties provide key management services to Dante FS Group Ltd on normal commercial terms.

Any loans between the parties is interest free and repayable on demand.