Registered number
09557349
Danson Electrical UK Limited
Unaudited Filleted Accounts
31 December 2024
Danson Electrical UK Limited
Registered number: 09557349
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,604 33,788
Investments 4 10,000 10,000
38,604 43,788
Current assets
Stocks 1,048,451 1,044,930
Debtors 5 307,231 328,602
Cash at bank and in hand 1,067,741 941,988
2,423,423 2,315,520
Creditors: amounts falling due within one year 6 (5,170,120) (4,973,150)
Net current liabilities (2,746,697) (2,657,630)
Net liabilities (2,708,093) (2,613,842)
Capital and reserves
Called up share capital 1 1
Profit and loss account (2,708,094) (2,613,843)
Shareholders' funds (2,708,093) (2,613,842)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr H D R Wong
Director
Approved by the board on 14 March 2025
Danson Electrical UK Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Short leasehold 20% on cost
Plant and machinery 10% on cost
Fixtures and fittings 10% on cost
Computer equipment 25% on cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The accounts have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support of the directors and shareholders who have indicated that they intend to provide necessary facilities to enable the company to continue to trade for the foreseeable future. If the company were unable to continue to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long-term liabilities as current assets and liabilities.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 9
3 Tangible fixed assets
Short leasehold Plant and machinery etc Computer equipment Total
£ £ £ £
Cost
At 1 January 2024 10,383 54,188 36,704 101,275
Additions - 2,857 1,248 4,105
At 31 December 2024 10,383 57,045 37,952 105,380
Depreciation
At 1 January 2024 10,382 29,391 27,714 67,487
Charge for the year - 5,704 3,585 9,289
At 31 December 2024 10,382 35,095 31,299 76,776
Net book value
At 31 December 2024 1 21,950 6,653 28,604
At 31 December 2023 1 24,797 8,990 33,788
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2024 10,000
At 31 December 2024 10,000
5 Debtors 2024 2023
£ £
Trade debtors 285,606 306,525
Other debtors 21,625 22,077
307,231 328,602
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,245,165 3,332,976
Amounts owed to group undertakings 2,840,000 1,540,000
Amounts owed to subsidiary 9,311 9,311
Taxation and social security costs 36,336 49,282
Other creditors 39,308 41,581
5,170,120 4,973,150
7 Controlling party
The parent company is Mighty Talent Limited. Mighty Talent Limited holds 100% of the shares in the company.
8 Other information
Danson Electrical UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 30-31 Mount Pleasant Industrial Park
Northam
Southampton
Hampshire
SO14 0SP
Danson Electrical UK Limited 09557349 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 Mr H D R Wong No description of principal activity 09557349 2023-01-01 2023-12-31 09557349 core:WithinOneYear 2023-12-31 09557349 core:ShareCapital 2023-12-31 09557349 core:RetainedEarningsAccumulatedLosses 2023-12-31 09557349 2024-01-01 2024-12-31 09557349 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09557349 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09557349 bus:Director40 2024-01-01 2024-12-31 09557349 1 2024-01-01 2024-12-31 09557349 2 2024-01-01 2024-12-31 09557349 core:LandBuildings 2024-01-01 2024-12-31 09557349 core:PlantMachinery 2024-01-01 2024-12-31 09557349 core:Vehicles 2024-01-01 2024-12-31 09557349 countries:England 2024-01-01 2024-12-31 09557349 bus:FRS102 2024-01-01 2024-12-31 09557349 bus:FilletedAccounts 2024-01-01 2024-12-31 09557349 2024-12-31 09557349 core:WithinOneYear 2024-12-31 09557349 core:ShareCapital 2024-12-31 09557349 core:RetainedEarningsAccumulatedLosses 2024-12-31 09557349 core:LandBuildings 2024-12-31 09557349 core:PlantMachinery 2024-12-31 09557349 core:Vehicles 2024-12-31 09557349 2023-12-31 09557349 core:LandBuildings 2023-12-31 09557349 core:PlantMachinery 2023-12-31 09557349 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure