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REGISTERED NUMBER: 10671852 (England and Wales)















DBNAUDILE LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DBNAUDILE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R J Leach
S R A Page
P J Robinson
N A G Walton





REGISTERED OFFICE: Unit 4, The Redwing Centre
Mosley Road
Trafford Park
Manchester
M17 1RJ





REGISTERED NUMBER: 10671852 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 4,483,918 3,282,613
Investments 6 100,154 100,154
4,584,072 3,382,767

CURRENT ASSETS
Inventories 92,836 62,286
Debtors 7 1,026,735 1,124,129
Cash at bank and in hand 528,680 344,011
1,648,251 1,530,426
CREDITORS
Amounts falling due within one year 8 (2,135,210 ) (2,493,322 )
NET CURRENT LIABILITIES (486,959 ) (962,896 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,097,113

2,419,871

CREDITORS
Amounts falling due after more than one
year

9

(1,270,909

)

(826,855

)

PROVISIONS FOR LIABILITIES (702,894 ) (360,191 )
NET ASSETS 2,123,310 1,232,825

CAPITAL AND RESERVES
Called up share capital 225 225
Share premium 706,232 706,232
Retained earnings 1,416,853 526,368
2,123,310 1,232,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 10 October 2023 and were signed on its behalf by:





R J Leach - Director


DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

DBNAudile Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 10671852 and the registered office address is Unit 4, The Redwing Centre, Mosley Road, Trafford Park, Manchester, M17 1RJ.

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.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about DBNAudile Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset is considered a key judgement in calculating an appropriate depreciation charge.

In categorising leases as finance or operating leases, the directors make judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee.

Revenue
Revenue represents the aggregate of the fair value of the sale of goods and professional services provided, net of value added tax, refunds and discounts. Revenue is recognised as follows:

Sales of goods are recognised when the company has supplied products to the customer, the customer has accepted the goods and collection of the related receivables is anticipated.

Service revenues are recognised as those services are provided to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of four years.

DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 20% on reducing balance, 20% on cost, 15% on cost, 15% on reducing balance, 10% on cost and 10% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are
reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Government grants
Grants are accounted for under the accruals model as permitted by FRS 102.

During the prior year the company benefitted from the Government Coronavirus Job Retention Scheme ('Furlough'). Furlough income has been recognised in "other income" in the same period as the related wage costs.

The company has not directly benefitted from any other forms of government assistance.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost represents actual purchase price. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised 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 statement of financial position date.


DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payment is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 54 (2022 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 53,599
AMORTISATION
At 1 April 2022
and 31 March 2023 53,599
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 5,389,676
Additions 2,561,298
Disposals (993,037 )
At 31 March 2023 6,957,937
DEPRECIATION
At 1 April 2022 2,107,063
Charge for year 692,202
Eliminated on disposal (325,246 )
At 31 March 2023 2,474,019
NET BOOK VALUE
At 31 March 2023 4,483,918
At 31 March 2022 3,282,613

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 1,735,049
Additions 1,151,577
Disposals (19,884 )
Transfer to ownership (837,704 )
At 31 March 2023 2,029,038
DEPRECIATION
At 1 April 2022 577,959
Charge for year 252,302
Eliminated on disposal (9,226 )
Transfer to ownership (437,007 )
At 31 March 2023 384,028
NET BOOK VALUE
At 31 March 2023 1,645,010
At 31 March 2022 1,157,090

DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. FIXED ASSET INVESTMENTS
Investment
in
subsidiaries
£   
COST
At 1 April 2022
and 31 March 2023 100,154
NET BOOK VALUE
At 31 March 2023 100,154
At 31 March 2022 100,154

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 607,447 869,466
Other debtors 419,288 254,663
1,026,735 1,124,129

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 110,000 110,000
Hire purchase contracts (see note 10) 447,272 523,812
Trade creditors 390,594 519,979
Taxation and social security 407,176 462,825
Other creditors 780,168 876,706
2,135,210 2,493,322

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 284,166 394,166
Hire purchase contracts (see note 10) 886,589 332,535
Amounts owed to group undertakings 100,154 100,154
1,270,909 826,855

DBNAUDILE LTD (REGISTERED NUMBER: 10671852)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 447,272 523,812
Between one and five years 886,589 332,535
1,333,861 856,347

Non-cancellable operating leases
2023 2022
£    £   
Within one year 214,312 214,312
Between one and five years 857,248 857,248
In more than five years - 214,312
1,071,560 1,285,872

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 394,166 504,166
Hire purchase contracts 1,333,861 856,347
1,728,027 1,360,513

Hire purchase contracts are secured against the assets concerned.

The bank loan balance is secured by way of a debenture against all property of the company.