1 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 09189185 2023-09-01 2024-08-31 09189185 2024-08-31 09189185 2023-08-31 09189185 2022-09-01 2023-08-31 09189185 2023-08-31 09189185 2022-08-31 09189185 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 09189185 bus:Director1 2023-09-01 2024-08-31 09189185 core:FurnitureFittingsToolsEquipment 2023-08-31 09189185 core:FurnitureFittingsToolsEquipment 2024-08-31 09189185 core:WithinOneYear 2024-08-31 09189185 core:WithinOneYear 2023-08-31 09189185 core:ShareCapital 2024-08-31 09189185 core:ShareCapital 2023-08-31 09189185 core:RetainedEarningsAccumulatedLosses 2024-08-31 09189185 core:RetainedEarningsAccumulatedLosses 2023-08-31 09189185 bus:Director1 2023-08-31 09189185 bus:Director1 2024-08-31 09189185 bus:Director1 2022-08-31 09189185 bus:Director1 2023-08-31 09189185 bus:Director1 2022-09-01 2023-08-31 09189185 bus:SmallEntities 2023-09-01 2024-08-31 09189185 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 09189185 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09189185 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09189185 bus:FullAccounts 2023-09-01 2024-08-31
Company registration number: 09189185
DNH Financial Ltd
Unaudited filleted financial statements
31 August 2024
DNH Financial Ltd
Contents
Statement of financial position
Notes to the financial statements
DNH Financial Ltd
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 992 -
_______ _______
992 -
Current assets
Debtors 6 22,869 35,788
Cash at bank and in hand 100 1,000
_______ _______
22,969 36,788
Creditors: amounts falling due
within one year 7 ( 23,743) ( 34,530)
_______ _______
Net current (liabilities)/assets ( 774) 2,258
_______ _______
Total assets less current liabilities 218 2,258
Provisions for liabilities ( 189) -
_______ _______
Net assets 29 2,258
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 28 2,257
_______ _______
Shareholders funds 29 2,258
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 March 2025 , and are signed on behalf of the board by:
Mr David Nicholas Harrington
Director
Company registration number: 09189185
DNH Financial Ltd
Notes to the financial statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Cornhouse Buildings, Claydons Lane, Rayleigh, Essex, SS6 7UP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 September 2023 889 889
Additions 1,044 1,044
_______ _______
At 31 August 2024 1,933 1,933
_______ _______
Depreciation
At 1 September 2023 889 889
Charge for the year 52 52
_______ _______
At 31 August 2024 941 941
_______ _______
Carrying amount
At 31 August 2024 992 992
_______ _______
At 31 August 2023 - -
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 9,053 10,482
Other debtors 13,816 25,306
_______ _______
22,869 35,788
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 6,873 5,948
Corporation tax 15,767 24,043
Social security and other taxes 443 27
Other creditors 660 4,512
_______ _______
23,743 34,530
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr David Nicholas Harrington 19,099 ( 8,672) 10,427
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr David Nicholas Harrington 2,482 16,617 19,099
_______ _______ _______