DarenthMJS Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04005843

DarenthMJS Limited

Filleted Unaudited Financial Statements

31 December 2024

DarenthMJS Limited

Financial Statements

Year ended 31 December 2024

Contents	Pages

Officers and professional advisers	1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3 to 4

Notes to the financial statements	5 to 9

DarenthMJS Limited

Officers and Professional Advisers

The board of directors	M J Simpson
	M Hardy

Company secretary	P Milne

Registered office	Rotherside Road
	Eckington
	Sheffield
	S21 4HL

Accountants	Hebblethwaites
	Chartered Accountants
	2 Westbrook Court
	Sharrow Vale Road
	Sheffield
	S11 8YZ

DarenthMJS Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of DarenthMJS Limited

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DarenthMJS Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of DarenthMJS Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of DarenthMJS Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DarenthMJS Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DarenthMJS Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of DarenthMJS Limited. You consider that DarenthMJS Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of DarenthMJS Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hebblethwaites Chartered Accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

24 September 2025

DarenthMJS Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	6	628,680	653,519

Current assets

Stocks		176,838	191,520
Debtors	7	104,665	93,327
Cash at bank and in hand		784,796	827,010
		------------	------------
		1,066,299	1,111,857

Creditors: amounts falling due within one year	8	120,752	168,993
		------------	------------
Net current assets		945,547	942,864
		------------	------------
Total assets less current liabilities		1,574,227	1,596,383

Creditors: amounts falling due after more than one year	9	64,679	67,541
		------------	------------
Net assets		1,509,548	1,528,842
		------------	------------

DarenthMJS Limited

Statement of Financial Position (continued)

31 December 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	2,001	2,001
Share premium account	665,667	665,667
Profit and loss account	841,880	861,174
	------------	------------
Shareholder funds	1,509,548	1,528,842
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 19 September 2025 , and are signed on behalf of the board by:

M J Simpson
Director

Company registration number: 04005843

DarenthMJS Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Rotherside Road, Eckington, Sheffield, S21 4HL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

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 are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.

Revenue recognition

The turnover in the profit and loss account represents amounts invoiced for vending machines and parts delivered during the year, excluding Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

	Computer equipment	-	20% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2023: 17 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	453,072
	---------
Amortisation
At 1 January 2024 and 31 December 2024	453,072
	---------
Carrying amount
At 31 December 2024	–
	---------
At 31 December 2023	–
	---------

6. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jan 2024	1,121,641	651,231	355,844	31,850	74,091	2,234,657
Additions	–	–	955	–	1,829	2,784
	------------	---------	---------	--------	--------	------------
At 31 Dec 2024	1,121,641	651,231	356,799	31,850	75,920	2,237,441
	------------	---------	---------	--------	--------	------------
Depreciation
At 1 Jan 2024	501,900	642,295	342,839	22,191	71,913	1,581,138
Charge for the year	19,943	1,788	2,094	2,414	1,384	27,623
	------------	---------	---------	--------	--------	------------
At 31 Dec 2024	521,843	644,083	344,933	24,605	73,297	1,608,761
	------------	---------	---------	--------	--------	------------
Carrying amount
At 31 Dec 2024	599,798	7,148	11,866	7,245	2,623	628,680
	------------	---------	---------	--------	--------	------------
At 31 Dec 2023	619,741	8,936	13,005	9,659	2,178	653,519
	------------	---------	---------	--------	--------	------------

7. Debtors

	2024	2023
	£	£
Trade debtors	71,442	42,421
Other debtors	33,223	50,906
	---------	--------
	104,665	93,327
	---------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	3,825	3,654
Trade creditors	66,762	51,105
Social security and other taxes	17,469	17,118
Other creditors	32,696	97,116
	---------	---------
	120,752	168,993
	---------	---------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	64,679	67,541
	--------	--------

Included within creditors: amounts falling due after more than one year is an amount of £53,292 (2023: £56,133) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The deferred grant income, on which there is no relating interest, is being released in line with the agreed terms.