IRIS Accounts Production v24.2.0.383 08458335 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084583352023-03-31084583352024-03-31084583352023-04-012024-03-31084583352022-03-31084583352022-04-012023-03-31084583352023-03-3108458335ns15:EnglandWales2023-04-012024-03-3108458335ns14:PoundSterling2023-04-012024-03-3108458335ns10:Director12023-04-012024-03-3108458335ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108458335ns10:SmallEntities2023-04-012024-03-3108458335ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108458335ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108458335ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108458335ns10:FullAccounts2023-04-012024-03-3108458335ns10:OrdinaryShareClass12023-04-012024-03-3108458335ns10:Director22023-04-012024-03-3108458335ns10:RegisteredOffice2023-04-012024-03-3108458335ns5:CurrentFinancialInstruments2024-03-3108458335ns5:CurrentFinancialInstruments2023-03-3108458335ns5:ShareCapital2024-03-3108458335ns5:ShareCapital2023-03-3108458335ns5:RetainedEarningsAccumulatedLosses2024-03-3108458335ns5:RetainedEarningsAccumulatedLosses2023-03-3108458335ns5:LandBuildings2023-03-3108458335ns5:PlantMachinery2023-03-3108458335ns5:LandBuildings2023-04-012024-03-3108458335ns5:PlantMachinery2023-04-012024-03-3108458335ns5:LandBuildings2024-03-3108458335ns5:PlantMachinery2024-03-3108458335ns5:LandBuildings2023-03-3108458335ns5:PlantMachinery2023-03-3108458335ns5:CostValuation2023-03-3108458335ns5:DisposalsRepaymentsInvestments2024-03-3108458335ns5:CostValuation2024-03-3108458335ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108458335ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3108458335ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 08458335 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAKIN INDUSTRIES LIMITED

DAKIN INDUSTRIES LIMITED (REGISTERED NUMBER: 08458335)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAKIN INDUSTRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: O Garside
Ms M Gschnitzer





REGISTERED OFFICE: Dakin-Flathers Limited
Boothroyds Way
Green Lane Industrial Estate
Featherstone, Pontefract
West Yorkshire
WF7 6RA





REGISTERED NUMBER: 08458335 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

DAKIN INDUSTRIES LIMITED (REGISTERED NUMBER: 08458335)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,721,528 2,209,957
Investments 5 - 736
4,721,528 2,210,693

CURRENT ASSETS
Debtors 6 16,711,944 16,331,587
Cash at bank 2,640,720 -
19,352,664 16,331,587
CREDITORS
Amounts falling due within one year 7 (360,770 ) (161,839 )
NET CURRENT ASSETS 18,991,894 16,169,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,713,422

18,380,441

PROVISIONS FOR LIABILITIES (12,896 ) (32,000 )
NET ASSETS 23,700,526 18,348,441

CAPITAL AND RESERVES
Called up share capital 8 736 736
Retained earnings 23,699,790 18,347,705
SHAREHOLDERS' FUNDS 23,700,526 18,348,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

DAKIN INDUSTRIES LIMITED (REGISTERED NUMBER: 08458335)

BALANCE SHEET - continued
31 MARCH 2024


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 September 2024 and were signed on its behalf by:





O Garside - Director


DAKIN INDUSTRIES LIMITED (REGISTERED NUMBER: 08458335)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Dakin Industries 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 as modified by the revaluation of certain assets.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the cost less estimated residual value of each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

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.

DAKIN INDUSTRIES LIMITED (REGISTERED NUMBER: 08458335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 2,408,886 476,568 2,885,454
Additions 2,579,517 - 2,579,517
At 31 March 2024 4,988,403 476,568 5,464,971
DEPRECIATION
At 1 April 2023 375,069 300,428 675,497
Charge for year 39,926 28,020 67,946
At 31 March 2024 414,995 328,448 743,443
NET BOOK VALUE
At 31 March 2024 4,573,408 148,120 4,721,528
At 31 March 2023 2,033,817 176,140 2,209,957

Included in cost of land and buildings is freehold land of £ 330,000 (2023 - £ 330,000 ) which is not depreciated.

DAKIN INDUSTRIES LIMITED (REGISTERED NUMBER: 08458335)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 736
Disposals (736 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 736

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 190 -
Amounts owed by group undertakings 321,000 5,108,421
Other debtors 16,390,754 11,223,166
16,711,944 16,331,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 79,484
Trade creditors 340,938 10,200
Taxation and social security - 70,655
Other creditors 19,832 1,500
360,770 161,839

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
736 Ordinary £1 736 736

9. RELATED PARTY DISCLOSURES

The ultimate controlling party is Hannibal Holdings Ltd.