Registered number
04719271
George Danby & Son Limited
Unaudited Filleted Accounts
30 April 2025
George Danby & Son Limited
Registered number: 04719271
Balance Sheet
as at 30 April 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 115,777 109,424
Current assets
Stocks 22,840 21,414
Debtors 4 274,423 310,745
Investments held as current assets 5 259,015 171,377
Cash at bank and in hand 451,897 362,912
1,008,175 866,448
Creditors: amounts falling due within one year 6 (233,060) (220,837)
Net current assets 775,115 645,611
Total assets less current liabilities 890,892 755,035
Creditors: amounts falling due after more than one year 7 (1,032) (11,477)
Provisions for liabilities (28,944) (27,356)
Net assets 860,916 716,202
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 840,916 696,202
Shareholder's funds 860,916 716,202
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
M Hardman
Director
Approved by the board on 5 August 2025
George Danby & Son Limited
Notes to the Accounts
for the year ended 30 April 2025
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, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment & fixtures 33% on cost
Plant and machinery 15% on cost
Motor vehicles 25% on cost
Investments
Listed investments are measured at fair value. 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.
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.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Computer equipment & fixtures Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 May 2024 5,915 225,405 102,272 333,592
Additions 3,870 18,574 27,500 49,944
Disposals (863) - (14,750) (15,613)
At 30 April 2025 8,922 243,979 115,022 367,923
Depreciation
At 1 May 2024 3,095 193,798 27,275 224,168
Charge for the year 2,653 11,268 28,430 42,351
On disposals (863) - (13,510) (14,373)
At 30 April 2025 4,885 205,066 42,195 252,146
Net book value
At 30 April 2025 4,037 38,913 72,827 115,777
At 30 April 2024 2,820 31,607 74,997 109,424
4 Debtors 2025 2024
£ £
Trade debtors 269,363 276,376
Other debtors 5,060 34,369
274,423 310,745
5 Investments held as current assets 2025 2024
£ £
Fair value
Listed investments 259,015 171,377
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 10,288 10,036
Obligations under finance lease and hire purchase contracts - 2,333
Trade creditors 69,709 78,243
Taxation and social security costs 109,406 83,222
Other creditors 43,657 47,003
233,060 220,837
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 1,032 11,477
8 Loans 2025 2024
£ £
Creditors include:
Secured obligations under hire purchase contracts - 2,333
The obligations under hire purchase contracts are secured on the assets concerned.
9 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 187,425 -
10 Other information
George Danby & Son Limited is a private company limited by shares and incorporated in England. Its registered office is:
Portland House
21 Narborough Road
Cosby
Leicester
LE9 1TA
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