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REGISTERED NUMBER: 01690288 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DEE BAYLIS LIMITED

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 15


DEE BAYLIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J Woodward
Mrs J E Platt



SECRETARY: Ms L Roscoe



REGISTERED OFFICE: Stephens Way
Goose Green
Wigan
Lancashire
WN3 6PH



REGISTERED NUMBER: 01690288 (England and Wales)



SENIOR STATUTORY AUDITOR: Adam John Brosnan



AUDITORS: Brosnans
Chartered Accountants
and Statutory Auditors
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their strategic report for the year ended 31 March 2023.

REVIEW OF BUSINESS
The company continues its principal activity of processor and merchant of hides, skins and leather.
Turnover for the year was £7,247,058, this was an increase of 7.1% on the previous year. Pre tax profits have decreased from £1,095,845 in 2021 to £565,613 for the year ended 31 March 2023.There continues to be present reduced margins in a highly competitive world wide market.The increases are a reflection of the increased prices present during the year.

PRINCIPAL RISKS AND UNCERTAINTIES
Financial risk management objectives and policies
The company operates in the UK market and overseas and has this year increased sales to its parent company in order to facilitate the parent's turnover to Italian customers. The company seeks to mitigate exposure to all forms of risk both internal and external.

Customers and suppliers
The company is not wholly dependent on any one supplier or customer.

Foreign exchange
The majority of transactions are undertaken in sterling. If other currency transactions occur the use of Forward Exchange contracts are used to overcome any currency exchange risks.

Laws and regulations
The company complies with all animal health regulations to operate within the law. It is in frequent contact with the animal health and vet agency regarding changes in the law.
The company takes it health, safety and environmental responsibilities very seriously.

Employees
The average number of employees throughout the year was 18.
The company continues to be an Equal Opportunities Employer. In employment related decisions the company complies with anti discrimination requirements concerning matters of race, colour, national origin, marital status, sexual orientation, religious belief, age and physical or mental ability. Disabled people are given full and equal consideration for employment and their development is assisted and encouraged.

ON BEHALF OF THE BOARD:





J Woodward - Director


21 September 2023

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of processor and merchant of hides, skins and leather.

DIVIDENDS
No dividends will be distributed for the year ended 31 March 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

J Woodward
Mrs J E Platt

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2023


AUDITORS
The auditors, Brosnans, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





J Woodward - Director


21 September 2023

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DEE BAYLIS LIMITED

Opinion
We have audited the financial statements of Dee Baylis Limited (the 'company') for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DEE BAYLIS LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DEE BAYLIS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Audit response to risks identified
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
- the nature of the industry and sector, control environment and business performance;
- results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the group's documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We obtained an understanding of the legal and regulatory frameworks that the group operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

Our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- obtaining an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of provisions and
- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
DEE BAYLIS LIMITED

We also communicated relevant identified laws and regulations to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Adam John Brosnan (Senior Statutory Auditor)
for and on behalf of Brosnans
Chartered Accountants
and Statutory Auditors
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

21 September 2023

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 3 7,247,058 6,769,642

Cost of sales (5,805,248 ) (5,202,455 )
GROSS PROFIT 1,441,810 1,567,187

Administrative expenses (910,371 ) (501,192 )
531,439 1,065,995

Other operating income 32,317 29,850
OPERATING PROFIT 5 563,756 1,095,845

Interest receivable and similar income 1,857 -
PROFIT BEFORE TAXATION 565,613 1,095,845

Tax on profit 6 (111,390 ) (214,837 )
PROFIT FOR THE FINANCIAL YEAR 454,223 881,008

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

454,223

881,008

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 7 801,417 804,692

CURRENT ASSETS
Stocks 8 270,178 362,574
Debtors 9 6,392,211 5,692,729
Cash at bank and in hand 317,890 470,105
6,980,279 6,525,408
CREDITORS
Amounts falling due within one year 10 (849,089 ) (855,705 )
NET CURRENT ASSETS 6,131,190 5,669,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,932,607

6,474,395

PROVISIONS FOR LIABILITIES 13 (11,644 ) (7,655 )
NET ASSETS 6,920,963 6,466,740

CAPITAL AND RESERVES
Called up share capital 14 25,000 25,000
Retained earnings 15 6,895,963 6,441,740
SHAREHOLDERS' FUNDS 6,920,963 6,466,740

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:





J Woodward - Director


DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 April 2021 25,000 5,560,732 5,585,732

Changes in equity
Total comprehensive income - 881,008 881,008
Balance at 31 March 2022 25,000 6,441,740 6,466,740

Changes in equity
Total comprehensive income - 454,223 454,223
Balance at 31 March 2023 25,000 6,895,963 6,920,963

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,187 629,156
Tax paid (211,238 ) (191,572 )
Net cash from operating activities (209,051 ) 437,584

Cash flows from investing activities
Purchase of tangible fixed assets (38,000 ) (48,615 )
Sale of tangible fixed assets 1,250 13,402
Interest received 1,857 -
Net cash from investing activities (34,893 ) (35,213 )

(Decrease)/increase in cash and cash equivalents (243,944 ) 402,371
Cash and cash equivalents at beginning
of year

2

470,105

67,734

Cash and cash equivalents at end of
year

2

226,161

470,105

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
Profit before taxation 565,613 1,095,845
Depreciation charges 41,275 33,125
Profit on disposal of fixed assets (1,250 ) (13,402 )
Finance income (1,857 ) -
603,781 1,115,568
Decrease/(increase) in stocks 92,396 (110,623 )
Increase in trade and other debtors (699,482 ) (213,727 )
Increase/(decrease) in trade and other creditors 5,492 (162,062 )
Cash generated from operations 2,187 629,156

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 317,890 470,105
Bank overdrafts (91,729 ) -
226,161 470,105
Year ended 31 March 2022
31.3.22 1.4.21
£    £   
Cash and cash equivalents 470,105 72,789
Bank overdrafts - (5,055 )
470,105 67,734


DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank and in hand 470,105 (152,215 ) 317,890
Bank overdrafts - (91,729 ) (91,729 )
470,105 (243,944 ) 226,161
Total 470,105 (243,944 ) 226,161

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

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

1. STATUTORY INFORMATION

Dee Baylis 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

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 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

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.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

2023 2022
£    £   
United Kingdom 3,594,851 5,076,816
Europe 381,404 364,715
Rest of World 3,270,803 1,328,111
7,247,058 6,769,642

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

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

4. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 528,653 530,169
Social security costs 53,177 49,375
Other pension costs 12,588 47,752
594,418 627,296

The average number of employees during the year was as follows:
2023 2022

Yard and transport 15 15
Management and administration 3 3
18 18

2023 2022
£    £   
Directors' remuneration 126,310 148,278

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 41,275 33,125
Profit on disposal of fixed assets (1,250 ) (13,402 )
Auditors' remuneration 3,050 2,700

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

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

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 107,401 204,882

Deferred tax 3,989 9,955
Tax on profit 111,390 214,837

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 565,613 1,095,845
Profit multiplied by the standard rate of corporation tax in the UK
of 19% (2022 - 19%)

107,466

208,211

Effects of:
Expenses not deductible for tax purposes (272 ) 5,193
Capital allowances in excess of depreciation - (8,522 )
Depreciation in excess of capital allowances 207 -
Deferred tax charge/(credit) 3,989 9,955
Total tax charge 111,390 214,837

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

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

7. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2022 1,103,971 256,109 121,710 1,481,790
Additions - - 38,000 38,000
Disposals - - (41,500 ) (41,500 )
At 31 March 2023 1,103,971 256,109 118,210 1,478,290
DEPRECIATION
At 1 April 2022 349,059 256,109 71,930 677,098
Charge for year 22,080 - 19,195 41,275
Eliminated on disposal - - (41,500 ) (41,500 )
At 31 March 2023 371,139 256,109 49,625 676,873
NET BOOK VALUE
At 31 March 2023 732,832 - 68,585 801,417
At 31 March 2022 754,912 - 49,780 804,692

8. STOCKS
2023 2022
£    £   
Finished goods 270,178 362,574

Stock recognised as cost of sales in the year amounted to £5,428,822 (2022 - £4,900,170).

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 845,898 44,102
Amounts owed by group undertakings 5,433,705 5,634,186
VAT 104,766 5,400
Prepayments 7,842 9,041
6,392,211 5,692,729

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

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

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 11) 91,729 -
Trade creditors 236,683 142,524
Amounts owed to group undertakings 188,517 283,454
Tax 41,045 144,882
Social security and other taxes (2 ) 9,767
Other creditors 109,364 104,295
Accrued expenses 181,753 170,783
849,089 855,705

11. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 91,729 -

12. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 91,729 -

The bank overdraft is secured by a cross guarantee amongst the group companies held by the bank.

13. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 11,644 7,655

Deferred
tax
£   
Balance at 1 April 2022 7,655
Accelerated capital allowances 3,989
Balance at 31 March 2023 11,644

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

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

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100,000 Ordinary 25p 25,000 25,000

15. RESERVES
Retained
earnings
£   

At 1 April 2022 6,441,740
Profit for the year 454,223
At 31 March 2023 6,895,963

16. PENSION COMMITMENTS

The company operates a defined contribution scheme for directors and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions for the period of £12,588 (2022 - £47,752) were paid by the company to the fund.
One director is accruing benefits under the scheme.

17. RELATED PARTY DISCLOSURES

During the year, J A Woodward was also a director and shareholder of Bradford Hide Company Limited, the company's ultimate parent undertaking. The company purchased goods from Bradford Hide Company Limited of £1,978,128 (2022 - £581,258) and made sales of £3,309,923 (2022 - £4,758,887). The balance owing from Bradford Hide Company Limited at 31 March 2023 was £5,338,166 (2022 - £5,634,186).

Dee Baylis Limited also trade with McConomy & Co Limited, a fellow subsidiary of Bradford Hide Company Limited. The company sold goods to McConomy & Co Limited of £80,936 (2022 - £21,671) and purchased services of £1,230 (2022 - £1,200). The balance owing from McConomy & Co Limited at 31 March 2023 was £95,539 (2022 - due to McConomy & Co Limited £1,440).

Dee Baylis Limited also trade with A & A K Butterworth Limited, a fellow subsidiary of Bradford Hide Company Limited. The company purchased goods from A & A K Butterworth Limited of £2,187,819 (2022 - £3,010,003) and made sales of £57,450 (2022 - £81,781). The balance outstanding to A & A K Butterworth Limited at 31 March 2023 was £188,517 (2022 - £282,014).

All transactions were carried out on a normal, commercial basis.

DEE BAYLIS LIMITED (REGISTERED NUMBER: 01690288)

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

18. ULTIMATE CONTROLLING PARTY

The directors consider the immediate parent undertaking of this company is its parent company Bradford Hide Company Limited by virtue of its 76.5% ownership. The registered office of Bradford Hide Company Limited is Dryden Street, Bradford, BD1 5ND.

The ultimate controlling party is J A Woodward as a result of his majority share holding in Bradford Hide Company Limited.

The largest group of undertakings for which group accounts have been drawn up is that headed by Bradford Hide Company limited which is registered in England and Wales.

The consolidated accounts of that group are available to the public and may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.