Dispo-Chem (UK) Limited 07164220 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Sale of wholesale goods Digita Accounts Production Advanced 6.30.9574.0 true 07164220 2023-04-01 2024-03-31 07164220 2024-03-31 07164220 core:CurrentFinancialInstruments 2024-03-31 07164220 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07164220 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07164220 core:Goodwill 2024-03-31 07164220 core:FurnitureFittingsToolsEquipment 2024-03-31 07164220 core:MotorVehicles 2024-03-31 07164220 bus:SmallEntities 2023-04-01 2024-03-31 07164220 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07164220 bus:FullAccounts 2023-04-01 2024-03-31 07164220 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07164220 bus:RegisteredOffice 2023-04-01 2024-03-31 07164220 bus:Director1 2023-04-01 2024-03-31 07164220 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07164220 core:Goodwill 2023-04-01 2024-03-31 07164220 core:FurnitureFittings 2023-04-01 2024-03-31 07164220 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07164220 core:MotorVehicles 2023-04-01 2024-03-31 07164220 core:OfficeEquipment 2023-04-01 2024-03-31 07164220 core:PlantMachinery 2023-04-01 2024-03-31 07164220 countries:EnglandWales 2023-04-01 2024-03-31 07164220 2023-03-31 07164220 core:Goodwill 2023-03-31 07164220 core:FurnitureFittingsToolsEquipment 2023-03-31 07164220 core:MotorVehicles 2023-03-31 07164220 2022-04-01 2023-03-31 07164220 2023-03-31 07164220 core:CurrentFinancialInstruments 2023-03-31 07164220 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07164220 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07164220 core:Goodwill 2023-03-31 07164220 core:FurnitureFittingsToolsEquipment 2023-03-31 07164220 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07164220

Dispo-Chem (UK) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Dispo-Chem (UK) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Dispo-Chem (UK) Limited

(Registration number: 07164220)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

217.00

1,517.00

Tangible assets

5

6,503.00

8,129.00

 

6,720.00

9,646.00

Current assets

 

Stocks

6

29,678.00

36,828.00

Debtors

7

73,736.00

84,333.00

Cash at bank and in hand

 

61,249.00

61,235.00

 

164,663.00

182,396.00

Creditors: Amounts falling due within one year

8

-78,378.00

-95,907.00

Net current assets

 

86,285.00

86,489.00

Total assets less current liabilities

 

93,005.00

96,135.00

Creditors: Amounts falling due after more than one year

8

-32,586.00

-38,325.00

Provisions for liabilities

-1,027.00

-1,323.00

Net assets

 

59,392.00

56,487.00

Capital and reserves

 

Called up share capital

2.00

2.00

Retained earnings

59,390.00

56,485.00

Shareholders' funds

 

59,392.00

56,487.00

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 April 2024
 

 

Dispo-Chem (UK) Limited

(Registration number: 07164220)
Balance Sheet as at 31 March 2024

.........................................
Rebecca Elizabeth Clements
Director

 

Dispo-Chem (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Partnership House
84 Lodge Road
Southampton
Hampshire
SO14 6RG
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dispo-Chem (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% Reducing balance

Office equipment

20% Reducing balance

Motor vehicles

20% Reducing balance

Fixtures and fittings

20% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dispo-Chem (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 4).

 

Dispo-Chem (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

13,000.00

13,000.00

At 31 March 2024

13,000.00

13,000.00

Amortisation

At 1 April 2023

11,483.00

11,483.00

Amortisation charge

1,300.00

1,300.00

At 31 March 2024

12,783.00

12,783.00

Carrying amount

At 31 March 2024

217.00

217.00

At 31 March 2023

1,517.00

1,517.00

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

2,350.00

14,400.00

16,750.00

At 31 March 2024

2,350.00

14,400.00

16,750.00

Depreciation

At 1 April 2023

2,017.00

6,604.00

8,621.00

Charge for the year

67.00

1,559.00

1,626.00

At 31 March 2024

2,084.00

8,163.00

10,247.00

Carrying amount

At 31 March 2024

266.00

6,237.00

6,503.00

At 31 March 2023

333.00

7,796.00

8,129.00

6

Stocks

2024
£

2023
£

Other inventories

29,678.00

36,828.00

 

Dispo-Chem (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

72,198.00

82,963.00

Prepayments

1,538.00

1,370.00

 

73,736.00

84,333.00

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5,739.00

5,593.00

Trade creditors

 

44,417.00

44,400.00

Taxation and social security

 

6,138.00

8,835.00

Accruals and deferred income

 

2,179.00

2,093.00

Other creditors

 

19,905.00

34,986.00

 

78,378.00

95,907.00

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

32,586.00

38,325.00