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REGISTERED NUMBER: 04719781 (England and Wales)














DYLEX LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






DYLEX LIMITED (REGISTERED NUMBER: 04719781)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DYLEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: W R Ralls
N L Ralls





SECRETARY: W R Ralls





REGISTERED OFFICE: Ralls House Unit 3
Parklands Business Park
Forest Road
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 04719781 (England and Wales)






DYLEX LIMITED (REGISTERED NUMBER: 04719781)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 593,670 594,461
Investments 5 522 522
594,192 594,983

CURRENT ASSETS
Inventories 6 561,668 561,669
Debtors 7 471,984 458,689
Cash at bank 243,070 177,099
1,276,722 1,197,457
CREDITORS
Amounts falling due within one year 8 47,882 92,372
NET CURRENT ASSETS 1,228,840 1,105,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,823,032

1,700,068

CREDITORS
Amounts falling due after more than one
year

9

28,820

38,530
NET ASSETS 1,794,212 1,661,538

CAPITAL AND RESERVES
Called up share capital 12 15 15
Retained earnings 13 1,794,197 1,661,523
1,794,212 1,661,538

DYLEX LIMITED (REGISTERED NUMBER: 04719781)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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.

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 30 April 2024 and were signed on its behalf by:




W R Ralls - Director



N L Ralls - Director


DYLEX LIMITED (REGISTERED NUMBER: 04719781)

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

1. STATUTORY INFORMATION

Dylex 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.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES INCLUDING DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

DYLEX LIMITED (REGISTERED NUMBER: 04719781)

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

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 589,188 107,734 900 697,822
DEPRECIATION
At 1 November 2022 - 102,462 899 103,361
Charge for year - 791 - 791
At 31 October 2023 - 103,253 899 104,152
NET BOOK VALUE
At 31 October 2023 589,188 4,481 1 593,670
At 31 October 2022 589,188 5,272 1 594,461

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 November 2022
and 31 October 2023 522
NET BOOK VALUE
At 31 October 2023 522
At 31 October 2022 522

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Subsidiaries

Vista Blue Limited
Registered office:
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves (3,296 ) (3,296 )

DYLEX LIMITED (REGISTERED NUMBER: 04719781)

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

5. FIXED ASSET INVESTMENTS - continued

Oyster Pearl Limited
Registered office:
Nature of business: Holding company
%
Class of shares: holding
Ordinary 100.00
31.5.23 31.5.22
£    £   
Aggregate capital and reserves 131,837 (58,135 )
Profit/(loss) for the year 189,972 (96 )

Ralls Holdings Limited
Registered office:
Nature of business: Management company
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves (848 ) (848 )

Fareham Football Club Limited
Registered office:
Nature of business: Promoting a football club
%
Class of shares: holding
Ordinary 85.00
2023 2022
£    £   
Aggregate capital and reserves (474,648 ) (472,178 )
(Loss)/profit for the year (2,470 ) 4,004

Associated company

Multi Serv (Group) Limited
Registered office:
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 50.00
31.12.22 31.12.21
£    £   
Aggregate capital and reserves 3,427,809 3,354,152
Profit for the year 469,711 613,965

In October 2013 the shares in Comserv (UK) Limited and Multi Trade Supplies Limited were exchanged for shares in Multi Serv (Group) Limited. Dylex Limited now owns 50% of the holding company which is 100% owner of Comserv (UK) Limited and Multi Trade Supplies Limited.

6. INVENTORIES
2023 2022
£    £   
Work-in-progress 561,668 561,669

DYLEX LIMITED (REGISTERED NUMBER: 04719781)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 738 -
Amounts owed by group undertakings - 378,960
Other debtors 1,001 47,001
Other debtors 179,688 -
Directors' current accounts 282,197 9,121
Prepayments and accrued income 8,360 23,607
471,984 458,689

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,662 12,900
Corporation tax 16,931 7,332
Social security and other taxes 71 2,433
VAT 5,778 6,189
Rent deposit 4,140 3,750
Directors' current accounts - 50,781
Accruals and deferred income 11,300 8,987
47,882 92,372

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) 28,820 38,530

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,820 38,530

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 28,820 38,530

DYLEX LIMITED (REGISTERED NUMBER: 04719781)

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

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 28,820 38,530

Bank loans are secured by legal charge on freehold property and work in progress.

12. CALLED UP SHARE CAPITAL

** POSTING HAS BEEN MADE TO SHARE CAPITAL 1 ACCOUNT ON TRIAL BALANCE BUT NO CORRESPONDING ENTRY HAS BEEN MADE ON CLIENT SCREEN FOR SHARE CAPITAL 1
THIS NOTE WILL THEREFORE NOT AGREE TO AMOUNT SHOWN ON
BALANCE SHEET


13. RESERVES
Retained
earnings
£   

At 1 November 2022 1,661,523
Profit for the year 291,795
Dividends (159,121 )
At 31 October 2023 1,794,197

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
G C Hailstones
Balance outstanding at start of year 9,121 -
Amounts advanced - 9,121
Amounts repaid (9,121 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,121

W R Ralls
Balance outstanding at start of year - -
Amounts advanced 100,072 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,072 -

DYLEX LIMITED (REGISTERED NUMBER: 04719781)

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

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

N L Ralls
Balance outstanding at start of year - -
Amounts advanced 282,623 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 282,623 -

15. RELATED PARTY DISCLOSURES

Other income includes £120,000 (2022 £120,000) by way of management charges from Comserv UK Ltd, an associated company.

16. ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party.