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REGISTERED NUMBER: 07593818 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 April 2024

for

DD-Scientific Limited

DD-Scientific Limited (Registered number: 07593818)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Income and Retained Earnings 8

Balance Sheet 9

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12


DD-Scientific Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs J Davies
Mr D Davies
Mrs L J Drain
Mr J Drain
Mr A Rex
Mr R J White
Mr M Kelly





REGISTERED OFFICE: 12 West Links
Tollgate
Chandlers Ford
Eastleigh
Hampshire
SO53 3TG





REGISTERED NUMBER: 07593818 (England and Wales)





AUDITORS: Griffiths Marshall
Beaumont House
172 Southgate Street
Gloucester
Gloucestershire
GL1 2EZ

DD-Scientific Limited (Registered number: 07593818)

Strategic Report
for the Year Ended 30 April 2024

The directors present their strategic report for the year ended 30 April 2024.

ON BEHALF OF THE BOARD:





Mr D Davies - Director


27 January 2025

DD-Scientific Limited (Registered number: 07593818)

Report of the Directors
for the Year Ended 30 April 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the manufacture and sale of gas sensors and gas detection instruments.

DIVIDENDS
The total distribution of dividends for the year ended 30 April 2024 was £514,095.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

Mrs J Davies
Mr D Davies
Mrs L J Drain
Mr J Drain
Mr A Rex
Mr R J White

Other changes in directors holding office are as follows:

Mr M Kelly - appointed 30 September 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

DD-Scientific Limited (Registered number: 07593818)

Report of the Directors
for the Year Ended 30 April 2024


AUDITORS
The auditors, Griffiths Marshall, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr D Davies - Director


27 January 2025

Report of the Independent Auditors to the Members of
DD-Scientific Limited

Opinion
We have audited the financial statements of DD-Scientific Limited (the 'company') for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
DD-Scientific Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which our procedures are capable of detecting irregularities including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and
claims as well as actual, suspected and alleged fraud;
- Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financial statements or the operations of the company through enquiry and inspection;
- Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations;
- Performing audit work over the risk of management bias and override of controls, including testing of
journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and reviewing accounting estimates for
indicators of potential bias.

Report of the Independent Auditors to the Members of
DD-Scientific Limited


Our Audit procedures were designed to respond to risks of a material misstatement in the financial statements, recognising that the risk of not detecting a material mistatement due to fraud is higher than risk of not detecting one resulting from error, as fraud involves deliberate concealment by, for example, forgery, misrepresentations or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other matters
The previous accounting period and comparative information is unaudited.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Greg Lewis (Senior Statutory Auditor)
for and on behalf of Griffiths Marshall
Beaumont House
172 Southgate Street
Gloucester
Gloucestershire
GL1 2EZ

28 January 2025

DD-Scientific Limited (Registered number: 07593818)

Statement of Income and Retained Earnings
for the Year Ended 30 April 2024

30.4.24 30.4.23
Notes £    £   

TURNOVER 13,082,775 10,847,341

Cost of sales 8,653,242 6,857,470
GROSS PROFIT 4,429,533 3,989,871

Administrative expenses 2,312,390 1,244,984
2,117,143 2,744,887

Other operating income 500 7,083
OPERATING PROFIT 4 2,117,643 2,751,970

Interest receivable and similar income 9 3
2,117,652 2,751,973

Interest payable and similar expenses 5 2,973 5,714
PROFIT BEFORE TAXATION 2,114,679 2,746,259

Tax on profit 6 420,870 162,321
PROFIT FOR THE FINANCIAL YEAR 1,693,809 2,583,938

Retained earnings at beginning of year 3,029,449 1,779,970

Dividends 7 (514,095 ) (1,334,459 )

RETAINED EARNINGS AT END OF
YEAR

4,209,163

3,029,449

DD-Scientific Limited (Registered number: 07593818)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,037,114 844,380

CURRENT ASSETS
Stocks 9 818,215 473,659
Debtors 10 2,703,024 1,715,569
Cash at bank 1,602,788 1,794,038
5,124,027 3,983,266
CREDITORS
Amounts falling due within one year 11 1,727,365 1,576,493
NET CURRENT ASSETS 3,396,662 2,406,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,433,776

3,251,153

CREDITORS
Amounts falling due after more than one
year

12

(10,370

)

(33,307

)

PROVISIONS FOR LIABILITIES 15 (164,243 ) (138,397 )
NET ASSETS 4,259,163 3,079,449

CAPITAL AND RESERVES
Called up share capital 16 50,000 50,000
Retained earnings 17 4,209,163 3,029,449
SHAREHOLDERS' FUNDS 4,259,163 3,079,449

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:




Mr D Davies - Director



Mr J Drain - Director


DD-Scientific Limited (Registered number: 07593818)

Cash Flow Statement
for the Year Ended 30 April 2024

30.4.24 30.4.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,176,208 2,116,420
Interest element of hire purchase
payments paid

(2,973

)

(5,714

)
Tax paid (437,450 ) (124,585 )
Net cash from operating activities 735,785 1,986,121

Cash flows from investing activities
Purchase of tangible fixed assets (369,351 ) (414,604 )
Interest received 9 -
Net cash from investing activities (369,342 ) (414,604 )

Cash flows from financing activities
Loan repayments in year (10,648 ) (10,648 )
Capital repayments in year (32,950 ) (53,341 )
Equity dividends paid (514,095 ) (1,334,459 )
Net cash from financing activities (557,693 ) (1,398,448 )

(Decrease)/increase in cash and cash equivalents (191,250 ) 173,069
Cash and cash equivalents at
beginning of year

2

1,794,038

1,620,969

Cash and cash equivalents at end of
year

2

1,602,788

1,794,038

DD-Scientific Limited (Registered number: 07593818)

Notes to the Cash Flow Statement
for the Year Ended 30 April 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

30.4.24 30.4.23
£    £   
Profit before taxation 2,114,679 2,746,259
Depreciation charges 176,616 125,984
Finance costs 2,973 5,714
Finance income (9 ) (3 )
2,294,259 2,877,954
(Increase)/decrease in stocks (344,556 ) 6,759
Increase in trade and other debtors (755,263 ) (289,239 )
Decrease in trade and other creditors (18,232 ) (479,054 )
Cash generated from operations 1,176,208 2,116,420

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 1,602,788 1,794,038
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 1,794,038 1,620,969


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank 1,794,038 (191,250 ) 1,602,788
1,794,038 (191,250 ) 1,602,788
Debt
Finance leases (43,941 ) 32,950 (10,991 )
Debts falling due within 1 year (10,000 ) - (10,000 )
Debts falling due after 1 year (21,019 ) 10,649 (10,370 )
(74,960 ) 43,599 (31,361 )
Total 1,719,078 (147,651 ) 1,571,427

DD-Scientific Limited (Registered number: 07593818)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

DD-Scientific 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 (£).


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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

DD-Scientific Limited (Registered number: 07593818)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


DD-Scientific Limited (Registered number: 07593818)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
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
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

Pension costs and other post-retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

DD-Scientific Limited (Registered number: 07593818)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS
30.4.24 30.4.23
£    £   
Wages and salaries 3,522,497 2,305,938
Social security costs 161,227 118,974
Other pension costs 52,573 40,104
3,736,297 2,465,016

The average number of employees during the year was as follows:
30.4.24 30.4.23

Directors 7 7
Employees 33 33
40 40

30.4.24 30.4.23
£    £   
Directors' remuneration 325,680 24,432

Information regarding the highest paid director for the year ended 30 April 2024 is as follows:
30.4.24
£   
Emoluments etc 325,680

4. OPERATING PROFIT

The operating profit is stated after charging:

30.4.24 30.4.23
£    £   
Other operating leases 93,646 62,596
Depreciation - owned assets 176,617 125,985
Foreign exchange differences 86,465 23,140

5. INTEREST PAYABLE AND SIMILAR EXPENSES
30.4.24 30.4.23
£    £   
Hire purchase 2,973 5,714

DD-Scientific Limited (Registered number: 07593818)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.4.24 30.4.23
£    £   
Current tax:
UK corporation tax 395,024 124,585

Deferred tax 25,846 37,736
Tax on profit 420,870 162,321

7. DIVIDENDS
30.4.24 30.4.23
£    £   
Ordinary A Shares shares of 1 each
Interim 514,095 1,334,459

8. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 848,137 388,875 11,490 32,948 1,281,450
Additions 222,565 136,827 9,154 805 369,351
At 30 April 2024 1,070,702 525,702 20,644 33,753 1,650,801
DEPRECIATION
At 1 May 2023 226,254 188,892 1,971 19,953 437,070
Charge for year 98,345 65,837 2,114 10,321 176,617
At 30 April 2024 324,599 254,729 4,085 30,274 613,687
NET BOOK VALUE
At 30 April 2024 746,103 270,973 16,559 3,479 1,037,114
At 30 April 2023 621,883 199,983 9,519 12,995 844,380

9. STOCKS
30.4.24 30.4.23
£    £   
Finished goods 818,215 473,659

DD-Scientific Limited (Registered number: 07593818)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 2,220,377 1,488,654
Amounts owed by group undertakings 171,363 -
Directors' current accounts - 254
VAT 215,873 154,790
Prepayments 95,411 71,871
2,703,024 1,715,569

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 13) 10,000 10,000
Hire purchase contracts (see note 14) 10,991 31,653
Trade creditors 808,643 538,061
Amounts owed to group undertakings - 562,987
Tax 19,402 32,018
Social security and other taxes 58,219 40,159
Other creditors 63,714 124,355
Net wages due 127,260 -
Directors' current accounts 16,209 -
Accrued expenses 612,927 237,260
1,727,365 1,576,493

Amounts due under hire purchase agreements are secured upon the asset to which they relate.

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 13) 10,370 21,019
Hire purchase contracts (see note 14) - 12,288
10,370 33,307

Amounts due under hire purchase agreements are secured upon the asset to which they relate.

13. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,370 21,019

DD-Scientific Limited (Registered number: 07593818)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

14. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.4.24 30.4.23
£    £   
Net obligations repayable:
Within one year 10,991 31,653
Between one and five years - 12,288
10,991 43,941

15. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 164,243 138,397

Deferred
tax
£   
Balance at 1 May 2023 138,397
Charge to Income Statement during year 25,846
Balance at 30 April 2024 164,243

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
25,000 Ordinary A Shares 1 25,000 25,000
25,000 Ordinary B Shares 1 25,000 25,000
50,000 50,000

17. RESERVES
Retained
earnings
£   

At 1 May 2023 3,029,449
Profit for the year 1,693,809
Dividends (514,095 )
At 30 April 2024 4,209,163

18. PARENT COMPANY

The ultimate parent company of DD-Scientific Limited is DD-Scientific Holdings Limited which owns the entire issued share capital.

The company has taken advantage of the exemption available in FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.