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REGISTERED NUMBER: 02550884 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

DEMKEL LIMITED

DEMKEL LIMITED (REGISTERED NUMBER: 02550884)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEMKEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: B Circuit
J Circuit
MA Booth





REGISTERED OFFICE: Northern Works
Greasbrough Road
Rotherham
South Yorkshire
S60 1RF





REGISTERED NUMBER: 02550884 (England and Wales)





ACCOUNTANTS: Drury & Co
Accountants & Business Advisors
21 Hollowgate
Rotherham
South Yorkshire
S60 2LE

DEMKEL LIMITED (REGISTERED NUMBER: 02550884)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,347 221,849

CURRENT ASSETS
Stocks 5 5,632 15,973
Debtors 6 273,998 204,284
Cash at bank 99,603 103,181
379,233 323,438
CREDITORS
Amounts falling due within one year 7 394,571 268,009
NET CURRENT (LIABILITIES)/ASSETS (15,338 ) 55,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,009

277,278

CREDITORS
Amounts falling due after more than one
year

8

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (33,310 ) (33,310 )
NET ASSETS 164,199 216,468

CAPITAL AND RESERVES
Called up share capital 120 110
Non-distributable reserve 9 142,004 142,004
Retained earnings 22,075 74,354
SHAREHOLDERS' FUNDS 164,199 216,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

DEMKEL LIMITED (REGISTERED NUMBER: 02550884)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 24 June 2024 and were signed on its behalf by:





B Circuit - Director


DEMKEL LIMITED (REGISTERED NUMBER: 02550884)

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


1. STATUTORY INFORMATION

Demkel 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.
Freehold property - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DEMKEL LIMITED (REGISTERED NUMBER: 02550884)

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


2. ACCOUNTING POLICIES - continued

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 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 183,000 422,162 10,103 3,995 619,260
Additions - 17,000 - - 17,000
At 31 October 2023 183,000 439,162 10,103 3,995 636,260
DEPRECIATION
At 1 November 2022 - 385,550 9,130 2,731 397,411
Charge for year - 8,040 146 316 8,502
At 31 October 2023 - 393,590 9,276 3,047 405,913
NET BOOK VALUE
At 31 October 2023 183,000 45,572 827 948 230,347
At 31 October 2022 183,000 36,612 973 1,264 221,849

5. STOCKS
2023 2022
£    £   
Stocks 750 1,500
Work-in-progress 4,882 14,473
5,632 15,973

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 178,398 158,684
Amounts owed by participating interests 95,600 45,600
273,998 204,284

DEMKEL LIMITED (REGISTERED NUMBER: 02550884)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 11,633
Trade creditors 89,220 57,365
Taxation and social security 112,338 80,502
Other creditors 183,013 118,509
394,571 268,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 17,500 27,500

9. RESERVES
Non-distribut
reserve
£   
At 1 November 2022
and 31 October 2023 142,004