Denim Nation (Hereford) Limited

Denim Nation (Hereford) Limited

DENIM NATION (HEREFORD) LIMITED - Company Information

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1 April 2022 false No description of principal activity Taxfiler 2023.8 08825745business:PrivateLimitedCompanyLtd2022-04-012023-03-31 088257452022-03-31 088257452022-04-012023-03-31 08825745business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 08825745business:FilletedAccounts2022-04-012023-03-31 088257452023-03-31 08825745business:Director12022-04-012023-03-31 08825745business:Director32022-04-012023-03-31 08825745business:CompanySecretary12022-04-012023-03-31 08825745business:RegisteredOffice2022-04-012023-03-31 088257452022-03-31 08825745core:WithinOneYear2023-03-31 08825745core:WithinOneYear2022-03-31 08825745core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08825745core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 08825745core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08825745core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 08825745core:PreviouslyStatedAmount2023-03-31 08825745core:PreviouslyStatedAmount2022-03-31 08825745business:SmallEntities2022-04-012023-03-31 08825745countries:EnglandWales2022-04-012023-03-31 08825745core:MotorVehicles2022-04-012023-03-31 08825745core:FurnitureFittings2022-04-012023-03-31 08825745core:ComputerEquipment2022-04-012023-03-31 08825745core:IntangibleAssetsOtherThanGoodwill2022-03-31 08825745core:IntangibleAssetsOtherThanGoodwill2023-03-31 08825745core:MotorVehicles2022-03-31 08825745core:FurnitureFittings2022-03-31 08825745core:ComputerEquipment2022-03-31 08825745core:MotorVehicles2023-03-31 08825745core:FurnitureFittings2023-03-31 08825745core:ComputerEquipment2023-03-31 08825745business:OrdinaryShareClass12022-04-012023-03-31 08825745business:OrdinaryShareClass12021-04-012022-03-31 088257452021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08825745 (England and Wales)
Denim Nation (Hereford) Limited Unaudited accounts for the year ended 31 March 2023
Denim Nation (Hereford) Limited Unaudited accounts Contents
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Denim Nation (Hereford) Limited Company Information for the year ended 31 March 2023
Directors
L Conod Miss L Conod
Secretary
L Conod
Company Number
08825745 (England and Wales)
Registered Office
UNIT 1 HAYWOOD LODGE FARM HEREFORD HEREFORDSHIRE HR2 9RU
Accountants
David H Davies & Co. 45 Etnam Street Leominster Herefordshire HR6 8AE
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Denim Nation (Hereford) Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
350,000 
350,000 
Tangible assets
5
10,711 
13,724 
360,711 
363,724 
Current assets
Inventories
563,000 
441,020 
Debtors
6
21,130 
34,059 
Cash at bank and in hand
2,400 
2,600 
586,530 
477,679 
Creditors: amounts falling due within one year
7
(750,002)
(612,822)
Net current liabilities
(163,472)
(135,143)
Net assets
197,239 
228,581 
Capital and reserves
Called up share capital
8
28 
28 
Profit and loss account
197,211 
228,553 
Shareholders' funds
197,239 
228,581 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by
L Conod Director Company Registration No. 08825745
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Denim Nation (Hereford) Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Denim Nation (Hereford) Limited is a private company, limited by shares, registered in England and Wales, registration number 08825745. The registered office is UNIT 1, HAYWOOD LODGE FARM, HEREFORD, HEREFORDSHIRE, HR2 9RU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
20% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
350,000 
At 31 March 2023
350,000 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
350,000 
At 31 March 2022
350,000 
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Denim Nation (Hereford) Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
16,349 
18,000 
6,641 
40,990 
At 31 March 2023
16,349 
18,000 
6,641 
40,990 
Depreciation
At 1 April 2022
10,696 
12,642 
3,928 
27,266 
Charge for the year
1,131 
1,340 
542 
3,013 
At 31 March 2023
11,827 
13,982 
4,470 
30,279 
Net book value
At 31 March 2023
4,522 
4,018 
2,171 
10,711 
At 31 March 2022
5,653 
5,358 
2,713 
13,724 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
5,320 
6,872 
Trade debtors
15,810 
27,187 
21,130 
34,059 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
250,722 
394,992 
Trade creditors
65,753 
44,036 
Taxes and social security
3,173 
18,119 
Loans from directors
426,854 
152,175 
Accruals
3,500 
3,500 
750,002 
612,822 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
28 Ordinary shares of £1 each
28 
28 
9
Average number of employees
During the year the average number of employees was 15 (2022: 15).
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