Company registration number 03027960 (England and Wales)
DAMAR SUPPLIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
DAMAR SUPPLIES LIMITED
COMPANY INFORMATION
Directors
D P Burnham
D G Burnham
Secretary
D G Burnham
Company number
03027960
Registered office
Unit 18 Wilton Industrial Court
851 Bradford Road
Birstall
Batley
WF17 8NN
Accountants
Calvert Dawson Ltd
288 Oxford Road
Gomersal
Cleckheaton
West Yorkshire
BD19 4PY
DAMAR SUPPLIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DAMAR SUPPLIES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
14,443
12,404
Current assets
Stocks
180,712
187,830
Debtors
5
410,546
415,554
Cash at bank and in hand
279
327
591,537
603,711
Creditors: amounts falling due within one year
6
(151,421)
(156,059)
Net current assets
440,116
447,652
Total assets less current liabilities
454,559
460,056
Creditors: amounts falling due after more than one year
7
(104,601)
(150,286)
Provisions for liabilities
(3,611)
(3,101)
Net assets
346,347
306,669
Capital and reserves
Called up share capital
98
98
Profit and loss reserves
346,249
306,571
Total equity
346,347
306,669

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

DAMAR SUPPLIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 January 2025 and are signed on its behalf by:
D P Burnham
D G Burnham
Director
Director
Company registration number 03027960 (England and Wales)
DAMAR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Damar Supplies Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 18 Wilton Industrial Court, 851 Bradford Road, Birstall, Batley, WF17 8NN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
over their estimated useful life
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
straight line over 4 years
Motor vehicles
25% reducing balance
DAMAR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

DAMAR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
10
3
Intangible fixed assets
Other
£
Cost
At 1 May 2023 and 30 April 2024
4,205
Amortisation and impairment
At 1 May 2023 and 30 April 2024
4,205
Carrying amount
At 30 April 2024
-
0
At 30 April 2023
-
0
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023
110,062
Additions
7,000
Disposals
(4,200)
At 30 April 2024
112,862
Depreciation and impairment
At 1 May 2023
97,658
Depreciation charged in the year
4,961
Eliminated in respect of disposals
(4,200)
At 30 April 2024
98,419
Carrying amount
At 30 April 2024
14,443
At 30 April 2023
12,404
DAMAR SUPPLIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
161,807
194,665
Other debtors
248,739
220,889
410,546
415,554
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,771
5,227
Trade creditors
49,155
78,957
Corporation tax
13,400
17,148
Other taxation and social security
15,241
25,224
Other creditors
64,854
29,503
151,421
156,059
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
104,601
150,286
2024-04-302023-05-01false09 January 2025CCH SoftwareCCH Accounts Production 2024.100No description of principal activityD P BurnhamD G BurnhamD G Burnhamfalsefalse030279602023-05-012024-04-3003027960bus:Director12023-05-012024-04-3003027960bus:CompanySecretaryDirector12023-05-012024-04-3003027960bus:Director22023-05-012024-04-3003027960bus:CompanySecretary12023-05-012024-04-3003027960bus:RegisteredOffice2023-05-012024-04-30030279602024-04-30030279602023-04-3003027960core:OtherPropertyPlantEquipment2024-04-3003027960core:OtherPropertyPlantEquipment2023-04-3003027960core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-3003027960core:CurrentFinancialInstrumentscore:WithinOneYear2023-04-3003027960core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-3003027960core:Non-currentFinancialInstrumentscore:AfterOneYear2023-04-3003027960core:CurrentFinancialInstruments2024-04-3003027960core:CurrentFinancialInstruments2023-04-3003027960core:ShareCapital2024-04-3003027960core:ShareCapital2023-04-3003027960core:RetainedEarningsAccumulatedLosses2024-04-3003027960core:RetainedEarningsAccumulatedLosses2023-04-3003027960core:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3003027960core:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3003027960core:FurnitureFittings2023-05-012024-04-3003027960core:ComputerEquipment2023-05-012024-04-3003027960core:MotorVehicles2023-05-012024-04-30030279602022-05-012023-04-3003027960core:IntangibleAssetsOtherThanGoodwill2023-04-3003027960core:IntangibleAssetsOtherThanGoodwill2024-04-3003027960core:IntangibleAssetsOtherThanGoodwill2023-04-3003027960core:OtherPropertyPlantEquipment2023-04-3003027960core:OtherPropertyPlantEquipment2023-05-012024-04-3003027960core:WithinOneYear2024-04-3003027960core:WithinOneYear2023-04-3003027960core:Non-currentFinancialInstruments2024-04-3003027960core:Non-currentFinancialInstruments2023-04-3003027960bus:PrivateLimitedCompanyLtd2023-05-012024-04-3003027960bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003027960bus:FRS1022023-05-012024-04-3003027960bus:AuditExemptWithAccountantsReport2023-05-012024-04-3003027960bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP