Registered Number:05670809 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Decron Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Decron Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
1,729,903
1,229,392
2
150
150
3
1,730,053
1,229,542
27,200
26,400
4
Trade and other receivables |
1,273,727
1,584,539
5
94,939
Cash and cash equivalents |
89,887
1,700,826
1,395,866
Trade and other payables: amounts falling due within one |
year |
(806,339)
(759,049)
6
589,527
941,777
Net current assets
Total assets less current liabilities |
2,671,830
1,819,069
Trade and other payables: amounts falling due after more |
than one year |
(738,427)
(1,019,037)
7
1,652,793
Net assets
1,080,642
100
100
1,652,693
1,080,542
1,652,793
1,080,642
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 07 August 2024 and were signed by: |
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For the year ended 30 November 2023
Decron Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 30 November 2023
Decron Limited
Notes to the Financial Statements
Statutory Information
Decron Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
05670809. |
Unit 14
Primrose Business Park, Primrose Road
Clitheroe
Lancashire
BB7 1DR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 30 November 2023
Decron Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
1,559,929
12,276
6,118
170,764
1,360,043
10,728
753,827
2,210
817
30,840
719,960
-
10,728
201,604
6,935
14,486
2,313,756
2,080,003
Provision for depreciation and impairment |
330,537
8,261
5,642
59,263
246,643
10,728
Charge for year
253,316
1,256
289
29,826
221,945
-
583,853
9,517
5,931
89,089
468,588
10,728
-
1,611,415
112,515
1,004
4,969
1,729,903
-
1,113,400
111,501
476
4,015
1,229,392
3. Investments held as fixed assets |
150
150
150
150
150
150
150
150
2022
2023
26,400
27,200
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For the year ended 30 November 2023
Decron Limited
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
444,971
566,042
1,139,568
707,685
1,273,727
1,584,539
The debtors above include the following amounts falling due after more than one year: |
700,000
-
6. Trade and other payables: amounts falling due within one year |
2022
2023
45,636
45,636
287,486
420,358
Taxation and social security |
29,413
38,551
396,514
301,794
759,049
806,339
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
89,429
123,099
929,608
615,328
1,019,037
738,427
8. Related party transactions |
During theYear the Company charged Decron Sefety Netting Ltd £102,602 (2022 £107,269), and Precision Metal |
Forming Ltd £536,278 ( 2022 £500,192). During the year the company made purchases from Decron Safety Netting |
Ltd of £199,978 ( 2022 £224,966) and from Precision Metal Forming Ltd £280,542 (2022 £245,792). At the Balance |
sheet date the company was owed £1,074,436 ( 2022 £536,735) from Precision metal Forming Ltd and the company |
owed £26,814 ( 2022 £97,126) to Decron Safety Netting Ltd. Both of these Companies are under the common |
control of the Director. |
9. Average number of persons employed |
During the year the average number of employees was 16 (2022 : 15)
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