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REGISTERED NUMBER: 04279682 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DBL (SUSSEX) LIMITED

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DBL (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: D B Levene





REGISTERED OFFICE: Unit 2 Access House
Stephenson Way
Three Bridges
Crawley
West Sussex
RH10 1TN





REGISTERED NUMBER: 04279682 (England and Wales)





ACCOUNTANTS: Haines & Co
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 157,790 124,065
Investment property 6 680,000 680,000
837,790 804,065

CURRENT ASSETS
Stocks 547,093 505,875
Debtors 7 397,819 398,026
Cash at bank 518,721 607,924
1,463,633 1,511,825
CREDITORS
Amounts falling due within one year 8 136,912 189,632
NET CURRENT ASSETS 1,326,721 1,322,193
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,164,511

2,126,258

PROVISIONS FOR LIABILITIES 9 69,218 60,260
NET ASSETS 2,095,293 2,065,998

CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 11 2,095,143 2,065,848
SHAREHOLDERS' FUNDS 2,095,293 2,065,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 8 April 2024 and were signed by:





D B Levene - Director


DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

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

1. STATUTORY INFORMATION

DBL (Sussex) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Turnover from the sale of goods is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

Investment properties are valued by the Directors at fair value having regard to rental returns annually.

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

Financial instruments
Creditors with no stated interest rate and payable within one year are recorded at transaction price.

loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amotised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

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

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 125,000 26,449 151,449
Additions - 38,774 38,774
At 31 December 2023 125,000 65,223 190,223
DEPRECIATION
At 1 January 2023 7,200 20,184 27,384
Charge for year 600 4,449 5,049
At 31 December 2023 7,800 24,633 32,433
NET BOOK VALUE
At 31 December 2023 117,200 40,590 157,790
At 31 December 2022 117,800 6,265 124,065

Included in cost or valuation of land and buildings is freehold land of £ 95,000 (2022 - £ 95,000 ) which is not depreciated.

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 125,000 26,449 151,449
Cost - 38,774 38,774
125,000 65,223 190,223

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

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

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2023
and 31 December 2023 680,000
NET BOOK VALUE
At 31 December 2023 680,000
At 31 December 2022 680,000

I

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 27,830 24,607
Prepayments 1,068 2,093
28,898 26,700

Amounts falling due after more than one year:
Other debtors 368,921 371,326

Aggregate amounts 397,819 398,026

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 96,623 119,935
Tax 13,891 32,192
Social security and other taxes 3,689 4,547
VAT 15,632 25,072
Other creditors 4,122 4,071
Directors' current accounts 185 1,045
Accrued expenses 2,770 2,770
136,912 189,632

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Deferred tax 10,148 1,190
Deferred tax on revaluations 59,070 59,070
69,218 60,260

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 60,260
Increase in provision 8,958
Deferred tax on revaluations
Decrease in provision
Balance at 31 December 2023 69,218

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
150 Ordinary £1 150 150

11. RESERVES
Retained
earnings
£   

At 1 January 2023 2,065,848
Profit for the year 73,095
Dividends (43,800 )
At 31 December 2023 2,095,143

12. ULTIMATE CONTROLLING PARTY

The controlling party is D B Levene.