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Company registration number: 12748359
D&S Ultra-Clean Holdings Ltd
Unaudited filleted financial statements
31 July 2023
D&S Ultra-Clean Holdings Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
D&S Ultra-Clean Holdings Ltd
Statement of financial position
31 July 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 5 40,000 40,000
_______ _______
40,000 40,000
Current assets
Debtors 6 6,379 -
Cash at bank and in hand 70 70
_______ _______
6,449 70
Creditors: amounts falling due
within one year 7 ( 13,496) ( 6,889)
_______ _______
Net current liabilities ( 7,047) ( 6,819)
_______ _______
Total assets less current liabilities 32,953 33,181
Creditors: amounts falling due
after more than one year 8 ( 16,350) ( 22,950)
_______ _______
Net assets 16,603 10,231
_______ _______
Capital and reserves
Called up share capital 60 60
Profit and loss account 16,543 10,171
_______ _______
Shareholders funds 16,603 10,231
_______ _______
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 April 2024 , and are signed on behalf of the board by:
Mr Stephen Jones
Director
Company registration number: 12748359
D&S Ultra-Clean Holdings Ltd
Statement of changes in equity
Year ended 31 July 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 August 2021 60 3,427 3,487
Profit for the year 70,342 70,342
_______ _______ _______
Total comprehensive income for the year - 70,342 70,342
Dividends paid and payable ( 63,598) ( 63,598)
_______ _______ _______
Total investments by and distributions to owners - ( 63,598) ( 63,598)
_______ _______ _______
At 31 July 2022 and 1 August 2022 60 10,171 10,231
Profit for the year 65,985 65,985
_______ _______ _______
Total comprehensive income for the year - 65,985 65,985
Dividends paid and payable ( 59,613) ( 59,613)
_______ _______ _______
Total investments by and distributions to owners - ( 59,613) ( 59,613)
_______ _______ _______
At 31 July 2023 60 16,543 16,603
_______ _______ _______
D&S Ultra-Clean Holdings Ltd
Notes to the financial statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Berkeley Court, Manor Park, Runcorn, Cheshire, WA7 1TQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The company activity is that of a non-trading holding company and not within the charge to Corporation Tax.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 August 2022 and 31 July 2023 40,000 40,000
_______ _______
Impairment
At 1 August 2022 and 31 July 2023 - -
_______ _______
Carrying amount
At 31 July 2023 40,000 40,000
_______ _______
At 31 July 2022 40,000 40,000
_______ _______
6. Debtors
2023 2022
£ £
Other debtors 6,379 -
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 6,379 -
Other creditors 7,117 6,889
_______ _______
13,496 6,889
_______ _______
Included in other creditors due within one year is an amount of £6,600 (2022: £6,600) which is the deferred payment for the shares in the group undertaking due within one year, subject to a loan note instrument issued from the seller. No interest is payable under the loan note instrument. Also included is £6,379 owing to the company's trading subsidiary company D & S Ultra-Clean Ltd. This loan is interest free and repayable on demand.
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors 16,350 22,950
_______ _______
The amount of £16,350 (2022: £22,950) due above to other creditors is the deferred payment for the shares in the group undertaking, which is being repaid subject to a loan note instrument issued from the seller. No interest is payable under the loan note instrument.
This amount relates to the consideration for the shares in the group undertaking outlined above.
9. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2023 2022
£ £
Financial assets that are debt instruments measured at amortised cost
Other debtors - advances to directors 6,379 -
Cash at bank and in hand 70 70
_______ _______
6,449 70
_______ _______
Financial assets that are equity instruments measured at cost less impairment
Unlisted investment in group company 40,000 40,000
_______ _______
Financial liabilities measured at amortised cost
Other creditors 22,950 29,550
Loan from group company 6,379 6,379
_______ _______
29,329 35,929
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Stephen Jones - 13,332 ( 10,849) 2,483
Mr Ian Jones - 11,532 ( 9,369) 2,163
Mr Paul Caldwell - 9,132 ( 7,399) 1,733
_______ _______ _______ _______
- 33,996 ( 27,617) 6,379
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr Stephen Jones - - - -
Mr Ian Jones - - - -
Mr Paul Caldwell - - - -
_______ _______ _______ _______
The above loans due to the directors are interest free and repayable on demand.
11. Going concern
The directors fully expect to meet all liabilities as they fall due via future dividend income received from its trading subsidiary in which the company has a controlling interest.