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REGISTERED NUMBER: 02440650 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DEACON PRODUCTS LIMITED

DEACON PRODUCTS LIMITED (REGISTERED NUMBER: 02440650)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


DEACON PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: B J L Connop
M Connop





SECRETARY: D Connop





REGISTERED OFFICE: Newtown Lane
Cradley Heath
West Midlands
B64 5EB





REGISTERED NUMBER: 02440650 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DEACON PRODUCTS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Deacon Products Limited for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Deacon Products Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deacon Products Limited and state those matters that we have agreed to state to the Board of Directors of Deacon Products Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deacon Products Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Deacon Products Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Deacon Products Limited. You consider that Deacon Products Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Deacon Products Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Chartered Accountants
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


27 September 2024

DEACON PRODUCTS LIMITED (REGISTERED NUMBER: 02440650)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,183 80,132
Investments 5 137,502 122,889
217,685 203,021

CURRENT ASSETS
Stocks 2,404,591 3,074,486
Debtors 6 1,793,944 1,589,962
Cash at bank and in hand 1,712,790 1,287,218
5,911,325 5,951,666
CREDITORS
Amounts falling due within one year 7 508,236 437,530
NET CURRENT ASSETS 5,403,089 5,514,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,620,774

5,717,157

PROVISIONS FOR LIABILITIES 15,418 15,003
NET ASSETS 5,605,356 5,702,154

CAPITAL AND RESERVES
Called up share capital 1,751 1,751
Retained earnings 5,603,605 5,700,403
SHAREHOLDERS' FUNDS 5,605,356 5,702,154

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

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

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 27 September 2024 and were signed on its behalf by:





B J L Connop - Director


DEACON PRODUCTS LIMITED (REGISTERED NUMBER: 02440650)

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

1. STATUTORY INFORMATION

Deacon Products 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. 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.

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.
Short leasehold - over term of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on cost and 15% on reducing balance
Motor vehicles - 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 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.

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.

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.

Rental income
Rental income is recognised when it is probable that the economic benefit associated with the transaction will flow to the company and the amount of revenue can be measured reliably.

DEACON PRODUCTS LIMITED (REGISTERED NUMBER: 02440650)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 193,917 227,296 157,677 39,944 618,834
Additions - 9,777 4,606 - 14,383
At 31 July 2024 193,917 237,073 162,283 39,944 633,217
DEPRECIATION
At 1 August 2023 193,917 188,055 124,493 32,237 538,702
Charge for year - 7,048 5,357 1,927 14,332
At 31 July 2024 193,917 195,103 129,850 34,164 553,034
NET BOOK VALUE
At 31 July 2024 - 41,970 32,433 5,780 80,183
At 31 July 2023 - 39,241 33,184 7,707 80,132

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 August 2023 122,889
Revaluations 14,613
At 31 July 2024 137,502
NET BOOK VALUE
At 31 July 2024 137,502
At 31 July 2023 122,889

Cost or valuation at 31 July 2024 is represented by:

Other
investments
£   
Valuation in 2023 5,088
Valuation in 0 14,613
Cost 117,801
137,502

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 117,800 117,800

Fixed asset investments were valued on an open market basis on 31 July 2024 by the fund provider .

DEACON PRODUCTS LIMITED (REGISTERED NUMBER: 02440650)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 974,338 1,008,606
Other debtors 819,606 581,356
1,793,944 1,589,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 87,114 96,787
Taxation and social security 363,274 292,346
Other creditors 57,848 48,397
508,236 437,530

8. RELATED PARTY DISCLOSURES

Hedleigh Investments Limited owes £130,000 (2023: £130,000) at the balance sheet date. This loan bears no interest. Hadleigh Investments Limited is under common control with Deacon Products Limited.

At the balance sheet date the holding company owed Deacon Products Limited £4,677 (2023:Nil).

At the balance sheet date a subsidiary of the holding company owed Deacon Product Limited £2,000 (2023:Nil).

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of BDMT LImited. A copy of the holding company accounts may be obtained from its registered office at Deacon Products Limited, Newton Lane, Cradley Heath, West Midlands B64 5EB.