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REGISTERED NUMBER: 01581712 (England and Wales)















DEJEX SUPPLIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






DEJEX SUPPLIES LIMITED (REGISTERED NUMBER: 01581712)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


DEJEX SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R R S Stevenson
A S Stevenson





SECRETARY: Mrs R J Stevenson





REGISTERED OFFICE: 7 Millfield Road Ind Estate
Donington
Spalding
Lincolnshire
PE11 4UR





REGISTERED NUMBER: 01581712 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

DEJEX SUPPLIES LIMITED (REGISTERED NUMBER: 01581712)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,483,344 1,321,260

CURRENT ASSETS
Stocks 829,495 924,845
Debtors 5 1,041,957 1,339,472
Cash at bank and in hand 403,427 313,152
2,274,879 2,577,469
CREDITORS
Amounts falling due within one year 6 1,387,851 1,380,536
NET CURRENT ASSETS 887,028 1,196,933
TOTAL ASSETS LESS CURRENT LIABILITIES 2,370,372 2,518,193

CREDITORS
Amounts falling due after more than one year 7 (69,127 ) (188,007 )

PROVISIONS FOR LIABILITIES (52,930 ) (40,637 )
NET ASSETS 2,248,315 2,289,549

CAPITAL AND RESERVES
Called up share capital 9 40,512 40,512
Retained earnings 2,207,803 2,249,037
SHAREHOLDERS' FUNDS 2,248,315 2,289,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 and authorised for issue by the Board of Directors and authorised for issue on 12 July 2024 and were signed on its behalf by:




A S Stevenson - Director


DEJEX SUPPLIES LIMITED (REGISTERED NUMBER: 01581712)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Dejex Supplies 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 represents amounts charged to customers for goods provided during the year, excluding value added tax and trade discounts. Sales are recognised upon delivery to the customer.

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 - 6.66 on cost
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or their lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

DEJEX SUPPLIES LIMITED (REGISTERED NUMBER: 01581712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 1,193,974 469,849 1,663,823
Additions 122,859 147,924 270,783
Disposals - (72,511 ) (72,511 )
At 30 November 2023 1,316,833 545,262 1,862,095
DEPRECIATION
At 1 December 2022 44,207 298,356 342,563
Charge for year 11,228 72,054 83,282
Eliminated on disposal - (47,094 ) (47,094 )
At 30 November 2023 55,435 323,316 378,751
NET BOOK VALUE
At 30 November 2023 1,261,398 221,946 1,483,344
At 30 November 2022 1,149,767 171,493 1,321,260


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 985,491 1,286,403
Other debtors 56,466 53,069
1,041,957 1,339,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 50,931 79,058
Trade creditors 1,032,490 878,227
Taxation and social security 162,837 255,129
Other creditors 141,593 168,122
1,387,851 1,380,536

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 69,127 188,007

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank Loans - 99,031

The bank facilities are secured by a debenture and legal charge over the new property of the company.

DEJEX SUPPLIES LIMITED (REGISTERED NUMBER: 01581712)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
40,512 Ordinary £1 40,512 40,512