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REGISTERED NUMBER: 00378061 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DARLINGTONS (GROUP) LIMITED

DARLINGTONS (GROUP) LIMITED (REGISTERED NUMBER: 00378061)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DARLINGTONS (GROUP) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: K Jones





SECRETARY: Mrs E Jones





REGISTERED OFFICE: Bankfield Drive
Eastham
South Wirral
CH62 0AZ





REGISTERED NUMBER: 00378061 (England and Wales)





ACCOUNTANTS: Additions
Chartered Accountants
One Derby Square
Liverpool
L2 9QR

DARLINGTONS (GROUP) LIMITED (REGISTERED NUMBER: 00378061)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 564,990 584,556

CURRENT ASSETS
Stocks 193,588 232,201
Debtors 6 2,260,361 2,578,665
Cash at bank and in hand 71,069 92,315
2,525,018 2,903,181
CREDITORS
Amounts falling due within one year 7 1,164,091 1,619,809
NET CURRENT ASSETS 1,360,927 1,283,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,925,917

1,867,928

CREDITORS
Amounts falling due after more than one
year

8

(25,038

)

(57,062

)

PROVISIONS FOR LIABILITIES (87,732 ) (91,336 )
NET ASSETS 1,813,147 1,719,530

CAPITAL AND RESERVES
Called up share capital 11 80,000 80,000
Share premium 6,000 6,000
Revaluation reserve 335,990 339,848
Retained earnings 1,391,157 1,293,682
SHAREHOLDERS' FUNDS 1,813,147 1,719,530

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 director acknowledges his 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.

DARLINGTONS (GROUP) LIMITED (REGISTERED NUMBER: 00378061)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 19 September 2024 and were signed by:





K Jones - Director


DARLINGTONS (GROUP) LIMITED (REGISTERED NUMBER: 00378061)

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


1. STATUTORY INFORMATION

Darlingtons (Group) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparation of the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract. Revenue for the sale of goods is recognised upon delivery.

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 - Over 50 years
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost and 15% on cost
Motor vehicles - 15% on cost

Freehold land is not depreciated.

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 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.

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.

DARLINGTONS (GROUP) LIMITED (REGISTERED NUMBER: 00378061)

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


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The capital element of the future payments is treated as a liability. The interest element of these obligations is charged to the profit and loss account over the relevant period so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs
The company operates a defined contribution pension scheme. Contributions payable for the year are charged to the profit and loss account.

Invoice discounting
The company has adopted the separate presentation method of accounting, whereby gross discounted debts are included in the balance sheet as an asset and the advances from the discounter are included in creditors as a liability.

Investments
Investments are stated at cost less provision for diminution in value.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 610,000 187,350 82,372 103,500 983,222
Additions - 15,065 - - 15,065
At 31 December 2023 610,000 202,415 82,372 103,500 998,287
DEPRECIATION
At 1 January 2023 57,312 156,504 81,350 103,500 398,666
Charge for year 6,368 27,241 1,022 - 34,631
At 31 December 2023 63,680 183,745 82,372 103,500 433,297
NET BOOK VALUE
At 31 December 2023 546,320 18,670 - - 564,990
At 31 December 2022 552,688 30,846 1,022 - 584,556

DARLINGTONS (GROUP) LIMITED (REGISTERED NUMBER: 00378061)

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


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2000 118,904 - - - 118,904
Valuation in 2007 377,657 - - - 377,657
Valuation in 2009 (50,000 ) - - - (50,000 )
Valuation in 2013 10,000 - - - 10,000
Cost 153,439 202,415 82,372 103,500 541,726
610,000 202,415 82,372 103,500 998,287

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 153,439 153,439
Aggregate depreciation 26,777 25,560

Value of land in freehold land and buildings 92,575 92,575

Freehold property was valued on an open market basis on 4 November 2013 by Mason Owen Property Consultants .

This value has been adopted as deemed cost of the property on transition to FRS 102.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 561,529 856,997
Amounts owed by group undertakings 1,670,099 1,670,099
Other debtors 28,733 51,569
2,260,361 2,578,665

Trade debtors are subject to an invoice discounting agreement.

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,024 30,536
Trade creditors 539,718 851,716
Taxation and social security 102,309 53,793
Other creditors 490,040 683,764
1,164,091 1,619,809

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 25,038 57,062

DARLINGTONS (GROUP) LIMITED (REGISTERED NUMBER: 00378061)

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


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 50,852 55,296
Between one and five years 156,590 9,659
207,442 64,955

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 57,062 87,598
Other creditors 345,562 566,756
402,624 654,354

Secured creditors included above are as follows:

The bank loan is secured by fixed and floating charges over all property and assets of the company.

Secured other creditors comprise the balance in respect of an invoice discounting facility. The balance is secured by a fixed and floating charge over all property and assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
128,000 "A" Ordinary 25p 32,000 32,000
192,000 "B" Ordinary 25p 48,000 48,000
80,000 80,000

The ordinary "B" shares rank pari-passu in all respects with the "A" shares including voting rights.

12. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £6,682 (2022 - £11,548) due to K Jones, the director. This balance is interest free and repayable on demand.

13. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Safecare (Holdings) Limited whose registered office address is Bankfield Drive, Eastham, South Wirral, CH62 0AZ.