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REGISTERED NUMBER: 02218869 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

DENMAX LIMITED

DENMAX LIMITED (Registered number: 02218869)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DENMAX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: M Patel
Mrs R Patel
P Patel





SECRETARY: P Patel





REGISTERED OFFICE: 10 South Cottage Drive
Chorleywood
Hertfordshire
WD3 5EB





REGISTERED NUMBER: 02218869 (England and Wales)





ACCOUNTANTS: Y P Associates
Chartered Certified Accountants
6 The Fairway
Wembley
Middlesex
HA0 3LH

DENMAX LIMITED (Registered number: 02218869)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,469 3,469
Tangible assets 5 1,345,735 1,356,914
1,348,204 1,360,383

CURRENT ASSETS
Debtors 6 378,965 360,085
Cash at bank and in hand 489,485 406,551
868,450 766,636
CREDITORS
Amounts falling due within one year 7 234,253 275,128
NET CURRENT ASSETS 634,197 491,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,982,401

1,851,891

CREDITORS
Amounts falling due after more than one
year

8

-

(15,513

)

PROVISIONS FOR LIABILITIES (20,152 ) (20,152 )
NET ASSETS 1,962,249 1,816,226

DENMAX LIMITED (Registered number: 02218869)

BALANCE SHEET - continued
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,962,149 1,816,126
SHAREHOLDERS' FUNDS 1,962,249 1,816,226

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 25 June 2025 and were signed on its behalf by:





P Patel - Director


DENMAX LIMITED (Registered number: 02218869)

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

1. STATUTORY INFORMATION

DENMAX LIMITED 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 Company Information page.

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.

Turnover
Turnover represents net invoices sales of services.

Goodwill
Goodwill is being written off evenly over its useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost

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 balance sheet date.


DENMAX LIMITED (Registered number: 02218869)

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

2. ACCOUNTING POLICIES - continued
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.

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

Operating leases
The rentals on operating leases are charged to the profit and loss account on a payable basis.

Going concern
The accounts have been prepared on a going concern basis , the validity of which is dependent on the continuing support of the company's bankers and creditors. In the absence of such support the going concern basis would be invalid and provisions would have to be made for any losses on realisation of the company's assets that might arise.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

DENMAX LIMITED (Registered number: 02218869)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2023 - 71 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 87,500
AMORTISATION
At 1 November 2023 84,031
Charge for year 1,000
At 31 October 2024 85,031
NET BOOK VALUE
At 31 October 2024 2,469
At 31 October 2023 3,469

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 1,889,850 498,335 2,388,185
Additions - 46,358 46,358
At 31 October 2024 1,889,850 544,693 2,434,543
DEPRECIATION
At 1 November 2023 613,545 417,726 1,031,271
Charge for year 27,467 30,070 57,537
At 31 October 2024 641,012 447,796 1,088,808
NET BOOK VALUE
At 31 October 2024 1,248,838 96,897 1,345,735
At 31 October 2023 1,276,305 80,609 1,356,914

DENMAX LIMITED (Registered number: 02218869)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,605 41,850
Other debtors 365,360 318,235
378,965 360,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,513 89,067
Trade creditors 12,459 -
Taxation and social security 166,222 171,001
Other creditors 40,059 15,060
234,253 275,128

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 15,513

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 15,513 104,580

The bank overdraft and loans are secured by way of charge over the freehold properties owned by the company.

DENMAX LIMITED (Registered number: 02218869)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
M Patel
Balance outstanding at start of year 90,365 90,797
Amounts repaid (15 ) (432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,350 90,365

Mrs R Patel
Balance outstanding at start of year 90,365 90,797
Amounts repaid (15 ) (432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,350 90,365

P Patel
Balance outstanding at start of year 90,365 90,797
Amounts repaid (15 ) (432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 90,350 90,365

Directors pay to the company interest on their overdrawn account at the official rate of interest .