DEUBLIN LIMITED

Company Registration Number:
01088395 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

DEUBLIN LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

DEUBLIN LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

D R Ralph
W Trittin


The director shown below has held office during the period of
1 January 2022 to 30 September 2022

M Boutelle


The director shown below has held office during the period of
30 September 2022 to 31 December 2022

R Rauch


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
13 October 2023

And signed on behalf of the board by:
Name: D R Ralph
Status: Director

DEUBLIN LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 2,910,079 2,365,342
Cost of sales: ( 1,786,446 ) ( 1,475,719 )
Gross profit(or loss): 1,123,633 889,623
Distribution costs: ( 247,993 ) ( 229,533 )
Administrative expenses: ( 408,492 ) ( 464,084 )
Other operating income: 0 0
Operating profit(or loss): 467,148 196,006
Interest receivable and similar income: 9,984 285
Interest payable and similar charges: ( 25 ) 0
Profit(or loss) before tax: 477,107 196,291
Tax: ( 89,081 ) ( 37,859 )
Profit(or loss) for the financial year: 388,026 158,432

DEUBLIN LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 3,791 10,501
Investments:   0 0
Total fixed assets: 3,791 10,501
Current assets
Stocks: 4 173,744 127,497
Debtors: 5 629,837 986,361
Cash at bank and in hand: 332,263 497,753
Investments:   0 0
Total current assets: 1,135,844 1,611,611
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 469,620 ) ( 503,075 )
Net current assets (liabilities): 666,224 1,108,536
Total assets less current liabilities: 670,015 1,119,037
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: ( 64,079 ) ( 61,127 )
Accruals and deferred income: 0 0
Total net assets (liabilities): 605,936 1,057,910
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 605,836 1,057,810
Total Shareholders' funds: 605,936 1,057,910

The notes form part of these financial statements

DEUBLIN LIMITED

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 13 October 2023
and signed on behalf of the board by:

Name: D R Ralph
Status: Director

The notes form part of these financial statements

DEUBLIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.Depreciation is provided on the following basis:Short-term leasehold property - Over the term of the leasePlant and machinery - 15% straight lineMotor vehicles - 25% straight lineFixtures and fittings - 15% straight lineComputer equipment - 25% straight lineThe assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in the Statement of Comprehensive Income.

    Other accounting policies

    The following principal accounting policies have been applied:2.2 Going concernThe financial statements have been prepared on a going concern basis, which assume the company will continue in operational existence for the foreseeable future.At the year end the company reported strong results, achieving a gross profit of £1,123,633 and a profit before tax of £477,107, while presenting net assets of £605,936. The directors have considered the financing arrangements of the company in relation to the group cash pooling arrangements and are satisfied that they will have continued access to these facilities for the period under consideration for their going concern review.After reviewing the latest management information. The directors have a reasonable expectation that he company has adequate resources to continue in operation for a minimum of 12 months from the date of the approval of these financial statements, meeting liabilities as they are due. This is primarily due to the positive forecasted EBITDA and cash flow, as well as the performance that has been achieved thus far in 2023. The cash is held in a group cash pooling facility, which the company has continued access to. For the reasons set out above, the directors have prepared the financial statements on a going concern basis and have concluded that there are no material uncertainties related to going concern.2.3 Foreign currency translationFunctional and presentation currencyThe Company's functional and presentational currency is GBP.Transactions and balancesForeign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statement of comprehensive income except when deferred in other comprehensive income as qualifying cash flow hedges.2.4 RevenueRevenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:Sale of goodsRevenue from the sale of goods is recognised when all of the following conditions are satisfied:the Company has transferred the significant risks and rewards of ownership to the buyer;the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;the amount of revenue can be measured reliably;it is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.The company recognises revenue on delivery of goods to customers in the UK.Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:the amount of revenue can be measured reliably;it is probable that the Company will receive the consideration due under the contract;the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.The company recognises service and repair revenue when services are performed. Service and repair include disassembly, inspection, assembly and testing where applicable of returned goods.2.5 Operating leases: the Company as lesseeRentals paid under operating leases are charged to the statement of comprehensive income on a straight-line basis over the lease term.Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 January 2021 to continue to be charged over the period to the first market rent review rather than the term of the lease.2.6 Interest incomeInterest income is recognised in the Statement of Comprehensive Income using the effective interest method.2.7 Finance costsFinance costs are charged to the Statement of Comprehensive Income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.2.8 PensionsDefined contribution pension planThe Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.2.9 Tangible fixed assetsTangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.Depreciation is provided on the following basis:Short-term leasehold property - Over the term of the leasePlant and machinery - 15% straight lineMotor vehicles - 25% straight lineFixtures and fittings - 15% straight lineComputer equipment - 25% straight lineThe assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.2.10 StocksStocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Comprehensive Income.2.11 DebtorsShort term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.2.12 Cash and cash equivalentsCash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.2.13 CreditorsShort term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.2.14 Financial instrumentsThe Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. 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 Statement of Comprehensive Income. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.2.15 Provisions for liabilitiesProvisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.2.16 Current and deferred taxationThe tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

DEUBLIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 8 8

DEUBLIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 50,302 82,223 31,183 113,333 82,920 359,961
Additions 2,278 2,278
Disposals ( 7,632 ) ( 106,147 ) ( 33,500 ) ( 147,279 )
Revaluations
Transfers
At 31 December 2022 50,302 74,591 31,183 9,464 49,420 214,960
Depreciation
At 1 January 2022 50,302 82,129 31,183 110,409 75,437 349,460
Charge for year 79 2,001 6,908 8,988
On disposals ( 7,632 ) ( 106,147 ) ( 33,500 ) ( 147,279 )
Other adjustments
At 31 December 2022 50,302 74,576 31,183 6,263 48,845 211,169
Net book value
At 31 December 2022 0 15 0 3,201 575 3,791
At 31 December 2021 0 94 0 2,924 7,483 10,501

DEUBLIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 173,744 127,497
Total 173,744 127,497

DEUBLIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Trade debtors 471,236 429,583
Prepayments and accrued income 13,978 15,582
Other debtors 144,623 541,196
Total 629,837 986,361

DEUBLIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 4,282
Trade creditors 17,240 18,211
Taxation and social security 221,877 146,124
Accruals and deferred income 45,778 65,017
Other creditors 184,725 269,441
Total 469,620 503,075

DEUBLIN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Financial Commitments

At 31 December 2022 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:Not later than 1 year £36,684 (2021 £36,280)Later than 1 year and not later than 5 years £48,151 (2021 £84,835)