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REGISTERED NUMBER: 07416217 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DEAN FLOYD LIMITED

DEAN FLOYD LIMITED (REGISTERED NUMBER: 07416217)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


DEAN FLOYD LIMITED (REGISTERED NUMBER: 07416217)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,166,116 2,079,331

CURRENT ASSETS
Inventories 980,400 912,970
Debtors 5 214,072 327,356
Cash at bank 14,047 20,890
1,208,519 1,261,216
CREDITORS
Amounts falling due within one year 6 818,295 911,545
NET CURRENT ASSETS 390,224 349,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,556,340

2,429,002

CREDITORS
Amounts falling due after more than one year 7 (381,585 ) (425,738 )

PROVISIONS FOR LIABILITIES 9 (17,868 ) (27,800 )
NET ASSETS 2,156,887 1,975,464

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,156,787 1,975,364
2,156,887 1,975,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DEAN FLOYD LIMITED (REGISTERED NUMBER: 07416217)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:





Mr D A Floyd - Director


DEAN FLOYD LIMITED (REGISTERED NUMBER: 07416217)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Dean Floyd Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07416217

Registered office: Aaron House 8 Hainault Business Park
Forest Road
Hainault
Essex
IG6 3JP

The presentation currency of the financial statements is the Pound Sterling (£).


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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.
The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicle - 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Inventory
Inventories 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 inventory sold is recognised as an expense in the period in which the related revenue is recognised.


DEAN FLOYD LIMITED (REGISTERED NUMBER: 07416217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

DEAN FLOYD LIMITED (REGISTERED NUMBER: 07416217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 39,570 10,042 2,917,792 2,967,404
Additions - - 739,597 739,597
Disposals - - (419,742 ) (419,742 )
At 31 July 2024 39,570 10,042 3,237,647 3,287,259
DEPRECIATION
At 1 August 2023 29,020 4,421 854,632 888,073
Charge for year 2,110 1,124 485,031 488,265
Eliminated on disposal - - (255,195 ) (255,195 )
At 31 July 2024 31,130 5,545 1,084,468 1,121,143
NET BOOK VALUE
At 31 July 2024 8,440 4,497 2,153,179 2,166,116
At 31 July 2023 10,550 5,621 2,063,160 2,079,331

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 877,399
Additions 643,226
At 31 July 2024 1,520,625
DEPRECIATION
At 1 August 2023 114,576
Charge for year 190,685
At 31 July 2024 305,261
NET BOOK VALUE
At 31 July 2024 1,215,364
At 31 July 2023 762,823

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,538 122,609
Other debtors 197,534 204,747
214,072 327,356

DEAN FLOYD LIMITED (REGISTERED NUMBER: 07416217)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,000 -
Hire purchase contracts 361,631 487,512
Trade creditors 18,401 -
Taxation and social security 75,264 16,863
Other creditors 346,999 407,170
818,295 911,545

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,333 45,333
Hire purchase contracts 368,252 380,405
381,585 425,738

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 29,333 45,333

Bank loan is secured by way of fixed and floating charge on the property and other assets of the company and contains a negative pledge.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 17,868 27,800

Deferred
tax
£   
Balance at 1 August 2023 27,800
Provided during year (9,932 )
Balance at 31 July 2024 17,868

10. RELATED PARTY DISCLOSURES

Included in other debtors less than one year is an amount of £100,000 (2023: £Nil) due from a connected company with common control. The loan was interest-free and recoverable on demand.

Included in other creditors less than one year is an amount of £337,136 (2023: £314,636) due to the connected companies with common control. Also, included in other creditors is an amount of £2,428 (2023: £90,733) due to the director of the company. The loans were interest-free and repayable on demand.