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DETECTION TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






DETECTION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06219348)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DETECTION TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S Berlemann
S Hunt





REGISTERED OFFICE: Unit A,Fairview Building
Heage Road Industrial Estate
Ripley
Derbyshire
DE5 3GH





REGISTERED NUMBER: 06219348 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

DETECTION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06219348)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,043 43,604

CURRENT ASSETS
Stocks 204,867 152,323
Debtors 5 73,877 90,472
Cash at bank 971,053 905,837
1,249,797 1,148,632
CREDITORS
Amounts falling due within one year 6 60,798 75,604
NET CURRENT ASSETS 1,188,999 1,073,028
TOTAL ASSETS LESS CURRENT LIABILITIES 1,227,042 1,116,632

PROVISIONS FOR LIABILITIES 7 2,700 4,000
NET ASSETS 1,224,342 1,112,632

CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Retained earnings 1,174,342 1,062,632
SHAREHOLDERS' FUNDS 1,224,342 1,112,632

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





S Berlemann - Director


DETECTION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06219348)

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


1. STATUTORY INFORMATION

Detection Technologies 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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 of exchange ruling at the date of transaction. Exchange 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 straight line basis over the period of the lease.

DETECTION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06219348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 54,764 52,090 5,786 24,470 137,110
Additions - - - 1,733 1,733
At 31 December 2023 54,764 52,090 5,786 26,203 138,843
DEPRECIATION
At 1 January 2023 28,214 50,064 1,551 13,677 93,506
Charge for year 2,745 506 1,059 2,984 7,294
At 31 December 2023 30,959 50,570 2,610 16,661 100,800
NET BOOK VALUE
At 31 December 2023 23,805 1,520 3,176 9,542 38,043
At 31 December 2022 26,550 2,026 4,235 10,793 43,604

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 54,795 69,423
Other debtors 19,082 21,049
73,877 90,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 22,180 29,926
Taxation and social security 31,907 38,397
Other creditors 6,711 7,281
60,798 75,604

7. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax 2,700 4,000

DETECTION TECHNOLOGIES LIMITED (REGISTERED NUMBER: 06219348)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 4,000
Provided during year (1,300 )
Balance at 31 December 2023 2,700

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
50,000 Ordinary £1 50,000 50,000

9. ULTIMATE HOLDING COMPANY

The company is a subsidiary of PeriNet GmbH, a company incorporated in Germany.