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Registration number: 13195838

Denton Hope Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Denton Hope Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Denton Hope Limited

Company Information

Directors

D G Healey

M Healey

D J Smith

Company secretary

M Healey

Registered office

Unit 9-10 Bowes Business Estate
Meopham
Kent
DA13 0QB

 

Denton Hope Limited

(Registration number: 13195838)
Balance Sheet as at 31 August 2024

Note

2024

2023

   

£

£

£

£

Fixed assets

   

 

Tangible assets

4

 

7,573

 

10,198

Current assets

   

 

Debtors

5

546,297

 

452,227

 

Cash at bank and in hand

 

83,789

 

97,392

 

 

630,086

 

549,619

 

Creditors: Amounts falling due within one year

6

(417,735)

 

(393,886)

 

Net current assets

   

212,351

 

155,733

Net assets

   

219,924

 

165,931

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

219,824

165,831

Total equity

 

219,924

165,931

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 May 2025 and signed on its behalf by:
 


D G Healey
Director

 

Denton Hope Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 9-10 Bowes Business Estate
Meopham
Kent
DA13 0QB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company primarily sells building and maintenance services to the construction industry. When the outcome of a transaction for rthe rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion, the company recognises revenue on the sale of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proprtion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Denton Hope Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Furniture, fittings and equipment

25% straight line

Motor vehicles

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Denton Hope Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 4).

 

Denton Hope Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Plant and machinery
£

Furniture, fittings and equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

199

2,249

13,625

16,073

Additions

-

950

-

950

At 31 August 2024

199

3,199

13,625

17,023

Depreciation

At 1 September 2023

25

400

5,450

5,875

Charge for the year

50

800

2,725

3,575

At 31 August 2024

75

1,200

8,175

9,450

Carrying amount

At 31 August 2024

124

1,999

5,450

7,573

At 31 August 2023

174

1,849

8,175

10,198

5

Debtors

Current

2024
£

2023
£

Trade debtors

87,199

35,267

Other debtors

164,578

149,773

Prepayments and accrued income

294,520

267,187

 

546,297

452,227

 

Denton Hope Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

27,506

99,307

Taxation and social security

33,749

62,427

Other creditors

150,032

216,791

Accruals and deferred income

206,448

15,361

417,735

393,886

7

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £11,765 (2023 - £75,682).

8

Related party transactions

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

121,800

121,800

Advanced

35,000

35,000

Repaid

(15,000)

(15,000)

At end of period

141,800

141,800

2023

Other related parties
£

Total
£

Advanced

121,800

121,800

At end of period

121,800

121,800

Terms of loans to related parties

An interest free loan repayable on demand is provided to a company in which key management are directors.

Loans from related parties

 

Denton Hope Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

8

Related party transactions (continued)

2024

Key management
£

Total
£

At start of period

215,079

215,079

Advanced

35,624

35,624

Repaid

(101,939)

(101,939)

At end of period

148,764

148,764

2023

Key management
£

Total
£

At start of period

221,360

221,360

Advanced

119,624

119,624

Repaid

(125,905)

(125,905)

At end of period

215,079

215,079

Terms of loans from related parties

The loans are interest free and repayable on demand.