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REGISTERED NUMBER: 00416853 (England and Wales)








Audited Financial Statements

for the Year Ended

31 July 2023

for

Dyson Products Limited

Dyson Products Limited (Registered number: 00416853)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dyson Products Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs K A Nicholls
Ms S P Roberts
T E Spruce





SECRETARY: A J Malek





REGISTERED OFFICE: Unit G
Brockmoor Park Industrial Estate
Moor Street
Brierley Hill
West Midlands
DY5 3TG





REGISTERED NUMBER: 00416853 (England and Wales)





AUDITORS: Nicklin Audit Limited
Chartered Accountants
Statutory Auditors
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Dyson Products Limited (Registered number: 00416853)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,173 4,610

CURRENT ASSETS
Stocks 490,696 577,105
Debtors 5 232,352 261,149
Cash at bank and in hand 38,122 1,899
761,170 840,153
CREDITORS
Amounts falling due within one year 6 249,599 363,710
NET CURRENT ASSETS 511,571 476,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,744

481,053

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 502,744 466,053
SHAREHOLDERS' FUNDS 517,744 481,053

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 28 February 2024 and were signed on its behalf by:





Mrs K A Nicholls - Director


Dyson Products Limited (Registered number: 00416853)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Dyson Products 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.

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.

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 each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 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 balance sheet date.

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.

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 5 (2022 - 5 ) .

Dyson Products Limited (Registered number: 00416853)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2022 44,939 16,586 61,525
Additions 3,620 - 3,620
At 31 July 2023 48,559 16,586 65,145
DEPRECIATION
At 1 August 2022 44,542 12,373 56,915
Charge for year 1,004 1,053 2,057
At 31 July 2023 45,546 13,426 58,972
NET BOOK VALUE
At 31 July 2023 3,013 3,160 6,173
At 31 July 2022 397 4,213 4,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 185,913 219,052
Amounts owed by group undertakings 36,350 35,445
Other debtors 10,089 6,652
232,352 261,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 145,481 248,147
Trade creditors 29,557 27,659
Amounts owed to group undertakings - 341
Taxation and social security 27,823 37,570
Other creditors 46,738 49,993
249,599 363,710

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Howell FCA (Senior Statutory Auditor)
for and on behalf of Nicklin Audit Limited

8. OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the year end of the year was £22,235 (2022: £24,942).

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Dyson Products Limited (Registered number: 00416853)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

10. ULTIMATE CONTROLLING PARTY

The parent undertaking of the smallest group within which the company belongs and for which group financial statements are prepared is Easiflo Investments Limited whose registered office is at the same address as that of the company.