REGISTERED NUMBER: 02218869 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

DENMAX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Patel

Mrs R Patel

P Patel

SECRETARY:

P Patel

REGISTERED OFFICE:

10 South Cottage Drive

Chorleywood

Hertfordshire

WD3 5EB

REGISTERED NUMBER:

02218869 (England and Wales)

ACCOUNTANTS:

Y P Associates

Chartered Certified Accountants

6 The Fairway

Wembley

Middlesex

HA0 3LH

FIXED ASSETS

Intangible assets

4

1,469

2,469

Tangible assets

5

1,298,233

1,345,735

1,299,702

1,348,204

CURRENT ASSETS

Debtors

6

389,167

378,965

Cash at bank and in hand

765,155

489,485

1,154,322

868,450

CREDITORS

Amounts falling due within one year

7

305,364

234,253

NET CURRENT ASSETS

848,958

634,197

TOTAL ASSETS LESS CURRENT LIABILITIES

2,148,660

1,982,401

PROVISIONS FOR LIABILITIES

20,152

20,152

NET ASSETS

2,128,508

1,962,249

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,128,408

1,962,149

SHAREHOLDERS' FUNDS

2,128,508

1,962,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by:

P Patel - Director

1.	STATUTORY INFORMATION

DENMAX LIMITED 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoices sales of services.

Goodwill

Goodwill is being written off evenly over its useful life of twenty 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost

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.

Operating leases

The rentals on operating leases are charged to the profit and loss account on a payable basis.

Going concern

The accounts have been prepared on a going concern basis , the validity of which is dependent on the continuing support of the company's bankers and creditors. In the absence of such support the going concern basis would be invalid and provisions would have to be made for any losses on realisation of the company's assets that might arise.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2024 - 76 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

87,500

AMORTISATION

At 1 November 2024

85,031

Charge for year

1,000

At 31 October 2025

86,031

NET BOOK VALUE

At 31 October 2025

1,469

At 31 October 2024

2,469

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

1,889,850

544,693

2,434,543

Additions

-

10,093

10,093

At 31 October 2025

1,889,850

554,786

2,444,636

DEPRECIATION

At 1 November 2024

641,012

447,796

1,088,808

Charge for year

27,467

30,128

57,595

At 31 October 2025

668,479

477,924

1,146,403

NET BOOK VALUE

At 31 October 2025

1,221,371

76,862

1,298,233

At 31 October 2024

1,248,838

96,897

1,345,735

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

13,605

Other debtors

389,167

365,360

389,167

378,965

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

15,513

Trade creditors

60,441

12,459

Taxation and social security

182,483

166,222

Other creditors

62,440

40,059

305,364

234,253

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

M Patel

Balance outstanding at start of year

90,350

90,365

Amounts repaid

(51

)

(15

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

90,299

90,350

Mrs R Patel

Balance outstanding at start of year

90,350

90,365

Amounts repaid

(51

)

(15

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

90,299

90,350

P Patel

Balance outstanding at start of year

90,350

90,365

Amounts repaid

(51

)

(15

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

90,299

90,350

Directors pay interest at the official rate of interest on their overdrawn account.