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COMPANY REGISTRATION NUMBER: 11306442
DTR HYGIENE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2022
DTR HYGIENE LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 5
DTR HYGIENE LIMITED
BALANCE SHEET
31 December 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
5
20,609
14,596
Current assets
Stocks
6
56,988
51,684
Debtors
7
59,551
81,891
Cash at bank and in hand
7,452
5,315
------------
------------
123,991
138,890
Creditors: amounts falling due within one year
8
( 289,167)
( 274,883)
------------
------------
Net current liabilities
( 165,176)
( 135,993)
------------
------------
Total assets less current liabilities
( 144,567)
( 121,397)
Creditors: amounts falling due after more than one year
9
( 4,246)
------------
------------
Net liabilities
( 148,813)
( 121,397)
------------
------------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
( 148,913)
( 121,497)
------------
------------
Shareholders deficit
( 148,813)
( 121,397)
------------
------------
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 profit and loss account has not been delivered.
For the year ending 31 December 2022 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 were approved by the board of directors and authorised for issue on 12 February 2024 , and are signed on behalf of the board by:
Mr T Burkill
Director
Company registration number: 11306442
DTR HYGIENE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Millers Close, Fakenham Industrial Estate, Fakenham, NR21 8NU. The trading address for the company is Unit 15-16, Anslow Business Park, Main Road, Anslow, Burton on Trent, DE13 9QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
15% reducing balance
Dispensing equipment
-
33% straight line
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2021: 3 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Dispensing equipment
Total
£
£
£
£
Cost
At 1 January 2022
4,609
13,153
6,072
23,834
Additions
10,745
2,661
5,328
18,734
Disposals
( 8,576)
( 8,576)
------------
------------
------------
------------
At 31 December 2022
15,354
7,238
11,400
33,992
------------
------------
------------
------------
Depreciation
At 1 January 2022
1,331
1,835
6,072
9,238
Charge for the year
2,103
870
1,172
4,145
------------
------------
------------
------------
At 31 December 2022
3,434
2,705
7,244
13,383
------------
------------
------------
------------
Carrying amount
At 31 December 2022
11,920
4,533
4,156
20,609
------------
------------
------------
------------
At 31 December 2021
3,278
11,318
14,596
------------
------------
------------
------------
6. Stocks
2022
2021
£
£
Goods for resale
56,988
51,684
------------
------------
7. Debtors
2022
2021
£
£
Trade debtors
54,749
71,297
Amounts owed by group undertakings
500
Called up share capital not paid
98
Prepayments and accrued income
4,802
9,996
------------
------------
59,551
81,891
------------
------------
8. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
15,275
4,609
Accruals and deferred income
3,000
38,173
Social security and other taxes
6,913
13,773
Obligations under finance leases and hire purchase contracts
1,757
Other creditors
262,222
218,328
------------
------------
289,167
274,883
------------
------------
9. Creditors: amounts falling due after more than one year
2022
2021
£
£
Obligations under finance leases and hire purchase contracts
4,246
------------
------------
10. Called up share capital
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary A shares of £ 1 each
70
70
70
70
Ordinary B shares of £ 1 each
30
30
30
30
------------
------------
------------
------------
100
100
100
100
------------
------------
------------
------------
11. Related party transactions
Included within creditors is a loan from Chemanglia Limited of £262,222 (2021: £218,328). This loan is unsecured, repayable on demand and currently interest free.The companies are under common control.
12. Controlling party
The company is a subsidiary of Superformula Holdings Limited. This company is controlled by D Burkill.
13. Going concern
The parent company has confirmed it will provide adequate working capital to enable the company to continue trading for at least a further 12 months. Consequently the accounts have been prepared on a going concern basis.