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REGISTERED NUMBER: 04436831 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

D and E Accountancy Ltd

D and E Accountancy Ltd (Registered number: 04436831)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D and E Accountancy Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D J Samuels
Mrs E M Samuels



SECRETARY: Mrs E M Samuels



REGISTERED OFFICE: Second Floor
2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP



REGISTERED NUMBER: 04436831 (England and Wales)



BANKERS: Barclays Bank
Lea Valley Group
78 Turners Hill
Cheshunt
Hertfordshire
EN8 9BW

D and E Accountancy Ltd (Registered number: 04436831)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 60,206 60,507
60,206 60,507

CURRENT ASSETS
Stocks 17,348 1,000
Debtors 6 106,591 112,354
Cash at bank 1,045 510
124,984 113,864
CREDITORS
Amounts falling due within one year 7 147,464 140,828
NET CURRENT LIABILITIES (22,480 ) (26,964 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,726

33,543

CREDITORS
Amounts falling due after more than
one year

8

(20,929

)

(30,746

)

PROVISIONS FOR LIABILITIES 9 (380 ) (2,376 )
NET ASSETS 16,417 421

D and E Accountancy Ltd (Registered number: 04436831)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 16,317 321
SHAREHOLDERS' FUNDS 16,417 421

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 30 June 2025 and were signed on its behalf by:





D J Samuels - Director


D and E Accountancy Ltd (Registered number: 04436831)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

D and E Accountancy Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2002, 2004, 2006 and 2018, are being written off evenly over their estimated useful lives of ten, two, two and two years respectively.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


D and E Accountancy Ltd (Registered number: 04436831)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 138,803
AMORTISATION
At 1 June 2023
and 31 May 2024 138,803
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

D and E Accountancy Ltd (Registered number: 04436831)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 113,974
Additions 2,810
At 31 May 2024 116,784
DEPRECIATION
At 1 June 2023 53,467
Charge for year 3,111
At 31 May 2024 56,578
NET BOOK VALUE
At 31 May 2024 60,206
At 31 May 2023 60,507

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

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 107,599
DEPRECIATION
At 1 June 2023
and 31 May 2024 8,000
NET BOOK VALUE
At 31 May 2024 99,599
At 31 May 2023 99,599

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 53,887 75,349
Other debtors 52,704 37,005
106,591 112,354

D and E Accountancy Ltd (Registered number: 04436831)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 63,529 46,883
Taxation and social security 67,245 66,243
Other creditors 16,690 27,702
147,464 140,828

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 20,929 30,746

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 380 2,376

Deferred
tax
£   
Balance at 1 June 2023 2,376
Accelerated Capital Allowances (1,996 )
Balance at 31 May 2024 380

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 Shares 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 June 2023 321
Profit for the year 52,883
Dividends (36,887 )
At 31 May 2024 16,317

D and E Accountancy Ltd (Registered number: 04436831)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
D J Samuels
Balance outstanding at start of year 12,185 17,700
Amounts advanced 26,101 -
Amounts repaid - (5,515 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,286 12,185

Mrs E M Samuels
Balance outstanding at start of year 11,802 11,802
Amounts advanced 26,484 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,286 11,802

The Directors repaid their borrowings after year end.

A commercial rate of interest is being charged on the directors borrowings.

13. ULTIMATE CONTROL

The company is jointly under the control of the Directors.