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REGISTERED NUMBER: 07090860 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

D2 Industrial Ltd

D2 Industrial Ltd (Registered number: 07090860)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


D2 Industrial Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J R M Grierson
Mr A Mcclean





REGISTERED OFFICE: Unit 32 Millstone Works
Atlas Way
Sheffield
S4 7QQ





REGISTERED NUMBER: 07090860 (England and Wales)





ACCOUNTANTS: Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D2 Industrial Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D2 Industrial Ltd for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D2 Industrial Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D2 Industrial Ltd and state those matters that we have agreed to state to the Board of Directors of D2 Industrial Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D2 Industrial Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D2 Industrial Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D2 Industrial Ltd. You consider that D2 Industrial Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D2 Industrial Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
South Yorkshire
S1 1WR


15 April 2024

D2 Industrial Ltd (Registered number: 07090860)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,344 24,910

CURRENT ASSETS
Stocks 5 131,271 96,633
Debtors 6 99,062 128,882
Cash at bank and in hand 86,779 63,349
317,112 288,864
CREDITORS
Amounts falling due within one year 7 (211,408 ) (227,216 )
NET CURRENT ASSETS 105,704 61,648
TOTAL ASSETS LESS CURRENT LIABILITIES 128,048 86,558

PROVISIONS FOR LIABILITIES (5,585 ) (6,228 )
NET ASSETS 122,463 80,330

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,363 80,230
122,463 80,330

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 directors acknowledge their 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.

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 12 April 2024 and were signed on its behalf by:



Mr J R M Grierson - Director


D2 Industrial Ltd (Registered number: 07090860)

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


1. STATUTORY INFORMATION

D2 Industrial Ltd 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 (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

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
Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. 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 asset of the company after deducting all of its liabilities.

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.


D2 Industrial Ltd (Registered number: 07090860)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

Disclosure of shortened period
The company has shortened its accounting period to cover the nine months to 31 December 2022. This has been undertaken to correspond to group reporting requirements. The comparative amounts presented are not entirely comparable as they cover a twelve-month period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 28,734 7,522 32,895 5,290 74,441
Additions 1,455 1,094 - 965 3,514
Disposals (1,681 ) - - - (1,681 )
At 31 December 2023 28,508 8,616 32,895 6,255 76,274
DEPRECIATION
At 1 January 2023 25,154 76 24,154 147 49,531
Charge for year 1,089 816 2,185 1,990 6,080
Eliminated on disposal (1,681 ) - - - (1,681 )
At 31 December 2023 24,562 892 26,339 2,137 53,930
NET BOOK VALUE
At 31 December 2023 3,946 7,724 6,556 4,118 22,344
At 31 December 2022 3,580 7,446 8,741 5,143 24,910

5. STOCKS
31/12/23 31/12/22
£    £   
Stocks 131,271 96,633

D2 Industrial Ltd (Registered number: 07090860)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 91,694 118,211
Other debtors 7,368 10,671
99,062 128,882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 94,228 80,408
Amounts owed to group undertakings 88,086 128,818
Taxation and social security 18,702 11,339
Other creditors 10,392 6,651
211,408 227,216

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 18,000 18,000
Between one and five years 43,500 61,500
61,500 79,500