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Registered number: 10496708

Dielex Limited

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Dielex Limited

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
Mr P Rodgers
SECRETARY
Mr P Rodgers
REGISTERED OFFICE
Unit 3
New Line Industrial Estate
Bacup
Lancashire
OL13 9RW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10496708
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

Dielex Limited

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Dielex Limited

BALANCE SHEET AT 30/11/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,4561,941
CURRENT ASSETS
Debtors431,52329,527
Cash at bank and in hand7,9782,074
39,50131,601
CREDITORS: Amounts falling due within one year522,05222,471
NET CURRENT ASSETS17,4499,130
TOTAL ASSETS LESS CURRENT LIABILITIES18,90511,071
PROVISIONS FOR LIABILITIES AND CHARGES6277369
NET ASSETS18,62810,702
CAPITAL AND RESERVES
Called up share capital71010
Profit and loss account18,61810,692
SHAREHOLDERS' FUNDS18,62810,702
For the year ending 30/11/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/08/2024 and signed on their behalf by
.............................
Mr P Rodgers
Director

Dielex Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1e. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Dielex Limited

2. EMPLOYEES
20232022
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/12/20223,1588303,988
At 30/11/20233,1588303,988
Depreciation
At 01/12/20221,3826652,047
For the year44441485
At 30/11/20231,8267062,532
Net Book Amounts
At 30/11/20231,3321241,456
At 30/11/20221,7761651,941
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-25,200
VAT-4,327
Amounts due Matparts Ltd31,523-
31,52329,527
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax1,9592,014
VAT3,933-
Amounts due Matparts Ltd-13,877
Trade creditors202322
MPT group pension scheme 15,3585,658
Accruals600600
22,05222,471

Dielex Limited

6. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation277369
277369
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
8. CONTROLLING PARTY
The company is controlled by the director who owns 90% of the issued share capital.
9. RELATED PARTY TRANSACTIONS
Dielex charged Matparts Ltd £21,000 for consultancy work during the year (2022 £21,000).
Under the terms of a lease dated 17th November 2017 the company was charged rent during the year of £9,700 in respect of property owed by MPT Group pension Scheme of which Mr P Rodgers is a trustee.