Denward Manufacturing Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03955314

Denward Manufacturing Limited

Filleted Unaudited Financial Statements

31 March 2025

Denward Manufacturing Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	12,083	–
Tangible assets	6	167,753	199,642
		---------	---------
		179,836	199,642

Current assets

Stocks		150,000	150,000
Debtors	7	1,588,966	1,475,364
Cash at bank and in hand		1,982,435	1,886,777
		------------	------------
		3,721,401	3,512,141

Creditors: amounts falling due within one year	8	648,108		533,883
		------------		------------
Net current assets			3,073,293		2,978,258
			------------		------------
Total assets less current liabilities			3,253,129		3,177,900

Provisions

Taxation including deferred tax	39,646	47,246
	------------	------------
Net assets	3,213,483	3,130,654
	------------	------------

Capital and reserves

Called up share capital	9	90	90
Profit and loss account		3,213,393	3,130,564
		------------	------------
Shareholders funds		3,213,483	3,130,654
		------------	------------

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 comprehensive income has not been delivered.

For the year ending 31 March 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 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 .

Denward Manufacturing Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr D S Halfhide	Mr R K Halfhide
Director	Director

Company registration number: 03955314

Denward Manufacturing Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Denward House, 50 Writtle Road, Chelmsford, Essex, CM1 3BU.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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	-	10% 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.

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:

Leasehold improvements	-	10% straight line
Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% straight line
Equipment	-	15 % reducing balance

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 20 (2024: 17 ).

5. Intangible assets

	Goodwill
	£
Cost
Additions	–
Acquisitions through business combinations	12,500
	--------
At 31 March 2025	12,500
	--------
Amortisation
Charge for the year	417
	--------
At 31 March 2025	417
	--------
Carrying amount
At 31 March 2025	12,083
	--------
At 31 March 2024	–
	--------

6. Tangible assets

	Leasehold property improvements	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	101,412	428,093	74,110	61,564	665,179
Additions	–	6,116	–	6,262	12,378
Disposals	–	( 12,135)	( 6,495)	( 33,696)	( 52,326)
	---------	---------	--------	--------	---------
At 31 March 2025	101,412	422,074	67,615	34,130	625,231
	---------	---------	--------	--------	---------
Depreciation
At 1 April 2024	85,998	303,664	31,368	44,507	465,537
Charge for the year	6,966	18,616	14,199	2,725	42,506
Disposals	–	( 11,564)	( 6,496)	( 32,505)	( 50,565)
	---------	---------	--------	--------	---------
At 31 March 2025	92,964	310,716	39,071	14,727	457,478
	---------	---------	--------	--------	---------
Carrying amount
At 31 March 2025	8,448	111,358	28,544	19,403	167,753
	---------	---------	--------	--------	---------
At 31 March 2024	15,414	124,429	42,742	17,057	199,642
	---------	---------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	520,935	405,266
Prepayments and accrued income	110,592	112,659
Amounts due from related undertakings	957,439	957,439
	------------	------------
	1,588,966	1,475,364
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	403,134	324,028
Accruals and deferred income	8,500	13,205
Corporation tax	146,333	122,677
Social security and other taxes	87,021	71,789
Director loan accounts	3,120	2,184
	---------	---------
	648,108	533,883
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary "A" shares of £ 1 each	50	50	50	50
Ordinary "C" shares of £ 1 each	24	24	24	24
Ordinary "D" shares of £ 1 each	8	8	8	8
Ordinary "E" shares of £ 1 each	8	8	8	8
	----	----	----	----
	90	90	90	90
	----	----	----	----

10. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	29,098	25,010
Later than 1 year and not later than 5 years	41,222	–
	--------	--------
	70,320	25,010
	--------	--------

11. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Directors	–	–	( 3,120)	( 2,184)
Other related parties	74,723	81,794	986,162	957,439
	--------	--------	---------	---------