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Registration number: 01458457

Dennis Freight Ltd

Unaudited Filleted Financial Statements

for the Year Ended 5 April 2025

 

Dennis Freight Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Dennis Freight Ltd

(Registration number: 01458457)
Balance Sheet as at 5 April 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

242,127

219,559

Current assets

 

Debtors

5

459,925

286,834

Cash at bank and in hand

 

201,601

259,105

 

661,526

545,939

Creditors: Amounts falling due within one year

6

(291,338)

(196,394)

Net current assets

 

370,188

349,545

Total assets less current liabilities

 

612,315

569,104

Creditors: Amounts falling due after more than one year

6

(15,171)

(1,444)

Net assets

 

597,144

567,660

Capital and reserves

 

Called up share capital

106,999

103,999

Retained earnings

490,145

463,661

Shareholders' funds

 

597,144

567,660

For the financial year ending 5 April 2025 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 13 May 2025 and signed on its behalf by:
 

 

Dennis Freight Ltd

(Registration number: 01458457)
Balance Sheet as at 5 April 2025

.........................................
Mr Jamie Allcock
Director

 

Dennis Freight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

1

General information

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

The address of its registered office is:
Suite G18
Genesis Centre
Innovation Way
Stoke on Trent
ST6 4BF

These financial statements were authorised for issue by the Board on 13 May 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Dennis Freight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

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.

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 & Machinery

10% Reducing balance

Motor Vehicles

25% Reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
 

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

Dennis Freight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Financial instruments

Recognition and measurement
A financial asset or financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis or similar credit risk characteristics.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2024 - 15).

 

Dennis Freight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 6 April 2024

29,763

423,271

453,034

Additions

596

121,063

121,659

Disposals

-

(82,057)

(82,057)

At 5 April 2025

30,359

462,277

492,636

Depreciation

At 6 April 2024

25,444

208,031

233,475

Charge for the year

491

84,076

84,567

Eliminated on disposal

-

(67,533)

(67,533)

At 5 April 2025

25,935

224,574

250,509

Carrying amount

At 5 April 2025

4,424

237,703

242,127

At 5 April 2024

4,319

215,240

219,559

5

Debtors

Current

2025
£

2024
£

Trade debtors

456,925

276,354

Other debtors

3,000

10,480

 

459,925

286,834

6

Creditors

Creditors: amounts falling due within one year

 

Dennis Freight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

7

15,139

26,885

Trade creditors

 

102,559

41,977

Taxation and social security

 

155,459

114,932

Accruals and deferred income

 

2,600

2,600

Other creditors

 

15,581

10,000

 

291,338

196,394

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

15,171

1,444

7

Loans and borrowings

2025
£

2024
£

Non-current loans and borrowings

Bank borrowings

15,171

1,444

2025
£

2024
£

Current loans and borrowings

Bank borrowings

15,139

26,885

8

Related party transactions

All transactions undertaken with related parties were under normal market conditions and/or not material.

 

Dennis Freight Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

9

Non adjusting events after the financial period

There were no material events to report up to the date of approval of the financial statements by the board.