Denim Nation (Hereford) Limited

Denim Nation (Hereford) Limited

DENIM NATION (HEREFORD) LIMITED - Company Information

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1 April 2023 false No description of principal activity Taxfiler 2024.3 08825745business:PrivateLimitedCompanyLtd2023-04-012024-03-31 088257452023-03-31 088257452023-04-012024-03-31 08825745business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 08825745business:FilletedAccounts2023-04-012024-03-31 088257452024-03-31 08825745business:Director12023-04-012024-03-31 08825745business:Director22023-04-012024-03-31 08825745business:CompanySecretary12023-04-012024-03-31 08825745business:RegisteredOffice2023-04-012024-03-31 088257452023-03-31 08825745core:WithinOneYear2024-03-31 08825745core:WithinOneYear2023-03-31 08825745core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 08825745core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 08825745core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 08825745core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 08825745core:PreviouslyStatedAmount2024-03-31 08825745core:PreviouslyStatedAmount2023-03-31 08825745business:SmallEntities2023-04-012024-03-31 08825745countries:EnglandWales2023-04-012024-03-31 08825745core:MotorVehicles2023-04-012024-03-31 08825745core:FurnitureFittings2023-04-012024-03-31 08825745core:ComputerEquipment2023-04-012024-03-31 08825745core:IntangibleAssetsOtherThanGoodwill2023-03-31 08825745core:IntangibleAssetsOtherThanGoodwill2024-03-31 08825745core:MotorVehicles2023-03-31 08825745core:FurnitureFittings2023-03-31 08825745core:ComputerEquipment2023-03-31 08825745core:MotorVehicles2024-03-31 08825745core:FurnitureFittings2024-03-31 08825745core:ComputerEquipment2024-03-31 08825745business:OrdinaryShareClass12023-04-012024-03-31 08825745business:OrdinaryShareClass12022-04-012023-03-31 088257452022-04-012023-03-31 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 2024
Denim Nation (Hereford) Limited Unaudited accounts Contents
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Denim Nation (Hereford) Limited Company Information for the year ended 31 March 2024
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 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
350,000 
350,000 
Tangible assets
5
24,265 
10,711 
374,265 
360,711 
Current assets
Inventories
428,000 
563,000 
Debtors
6
26,954 
21,130 
Cash at bank and in hand
1,000 
2,400 
455,954 
586,530 
Creditors: amounts falling due within one year
7
(638,852)
(750,002)
Net current liabilities
(182,898)
(163,472)
Net assets
191,367 
197,239 
Capital and reserves
Called up share capital
8
28 
28 
Profit and loss account
191,339 
197,211 
Shareholders' funds
191,367 
197,239 
For the year ending 31 March 2024 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 18 June 2024 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 2024
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 2023
350,000 
At 31 March 2024
350,000 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
350,000 
At 31 March 2023
350,000 
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Denim Nation (Hereford) Limited Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
16,349 
18,000 
6,641 
40,990 
Additions
14,203 
- 
5,669 
19,872 
At 31 March 2024
30,552 
18,000 
12,310 
60,862 
Depreciation
At 1 April 2023
11,827 
13,982 
4,470 
30,279 
Charge for the year
3,745 
1,005 
1,568 
6,318 
At 31 March 2024
15,572 
14,987 
6,038 
36,597 
Net book value
At 31 March 2024
14,980 
3,013 
6,272 
24,265 
At 31 March 2023
4,522 
4,018 
2,171 
10,711 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
6,316 
5,320 
Trade debtors
20,638 
15,810 
26,954 
21,130 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
201,898 
250,722 
Trade creditors
50,510 
65,753 
Taxes and social security
2,112 
3,173 
Loans from directors
377,332 
426,854 
Accruals
7,000 
3,500 
638,852 
750,002 
8
Share capital
2024 
2023 
£ 
£ 
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 8 (2023: 15).
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