REGISTERED NUMBER: 12390359 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

DANIEL ASSOCIATES 1989 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D W Levy

SECRETARY:

Mrs J A Levy

REGISTERED OFFICE:

St James' Hall

Mill Road

Lancing

West Sussex

BN15 0PT

REGISTERED NUMBER:

12390359 (England and Wales)

ACCOUNTANTS:

Peter Jarman LLP

trading as

Peter Jarman & Company

St James' Hall

Mill Road

Lancing

West Sussex

BN15 0PT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,903

13,392

10,903

13,392

CURRENT ASSETS

Stocks

52,793

52,555

Debtors

6

21,442

16,096

Investments

7

274,290

260,593

Cash at bank and in hand

41,057

147,397

389,582

476,641

CREDITORS

Amounts falling due within one year

8

(91,115

)

(106,487

)

NET CURRENT ASSETS

298,467

370,154

TOTAL ASSETS LESS CURRENT LIABILITIES

309,370

383,546

PROVISIONS FOR LIABILITIES

9

(15,798

)

(8,957

)

NET ASSETS

293,572

374,589

CAPITAL AND RESERVES

Called up share capital

34,201

34,200

Demerger reserves

165,410

165,410

Retained earnings

93,961

174,979

SHAREHOLDERS' FUNDS

293,572

374,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2025 and were signed by:

Mr D W Levy - Director

1.	STATUTORY INFORMATION

Daniel Associates 1989 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 amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of two 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.

Plant and machinery etc - 25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

56,638

AMORTISATION

At 1 July 2024

and 30 June 2025

56,638

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

28,946

Additions

1,006

At 30 June 2025

29,952

DEPRECIATION

At 1 July 2024

15,554

Charge for year

3,495

At 30 June 2025

19,049

NET BOOK VALUE

At 30 June 2025

10,903

At 30 June 2024

13,392

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

529

-

Other debtors

20,913

16,096

21,442

16,096

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Other

274,290

260,593

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

10,616

9,655

Taxation and social security

70,211

77,868

Other creditors

10,288

18,964

91,115

106,487

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

15,798

8,957

Deferred

tax

£

Balance at 1 July 2024

8,957

Capital allowances in advance

6,841

of depreciation

Balance at 30 June 2025

15,798