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REGISTERED NUMBER: 07199176 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Deluxe Materials Ltd

Deluxe Materials Ltd (Registered number: 07199176)






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


Deluxe Materials Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Bristow
Mrs V Bristow





REGISTERED OFFICE: 5 Crossborough Gardens
Basingstoke
Hampshire
RG21 4LB





REGISTERED NUMBER: 07199176 (England and Wales)





ACCOUNTANTS: Ashley Doggett and Co
Chartered Accountant
5 Crossborough Gardens
Basingstoke
Hampshire
RG21 4LB

Deluxe Materials Ltd (Registered number: 07199176)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 239,690 229,490
239,690 229,490

CURRENT ASSETS
Stocks 316,849 333,503
Debtors 6 100,423 80,679
Cash at bank and in hand 477,775 446,252
895,047 860,434
CREDITORS
Amounts falling due within one year 7 67,019 96,741
NET CURRENT ASSETS 828,028 763,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,718

993,183

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,067,418 992,883
SHAREHOLDERS' FUNDS 1,067,718 993,183

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.

Deluxe Materials Ltd (Registered number: 07199176)

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 25 November 2024 and were signed on its behalf by:




J Bristow - Director



Mrs V Bristow - Director


Deluxe Materials Ltd (Registered number: 07199176)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Deluxe Materials Ltd 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.

Turnover
Revenue - described as turnover - is the value of goods (net of vat) provided to customers during the year, plus the value of work (net of vat) performed during the year with respect to services.
Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
The turnover and profit before taxation are attributable to the one principal activity of the company.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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
Fixtures and fittings - 25% on reducing balance

Going concern basis.
The directors are confident that the company will continue to expand within the UK market and also worldwide.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

Deluxe Materials Ltd (Registered number: 07199176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 65,000
Disposals (65,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 65,000
Eliminated on disposal (65,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 April 2023 225,455 20,132 22,622 268,209
Additions - 11,235 - 11,235
At 31 March 2024 225,455 31,367 22,622 279,444
DEPRECIATION
At 1 April 2023 - 20,132 18,587 38,719
Charge for year - - 1,035 1,035
At 31 March 2024 - 20,132 19,622 39,754
NET BOOK VALUE
At 31 March 2024 225,455 11,235 3,000 239,690
At 31 March 2023 225,455 - 4,035 229,490

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 100,423 80,679

Deluxe Materials Ltd (Registered number: 07199176)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 31,010 33,214
Taxation and social security 36,007 51,559
Other creditors 2 11,968
67,019 96,741

8. ULTIMATE CONTROLLING PARTY

The controlling party is J Bristow and V Bristow.