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REGISTERED NUMBER: 07167359 (England and Wales)














Daumar Limited

Financial Statements

for the Year Ended 31 December 2024






Daumar Limited (Registered number: 07167359)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 6


Daumar Limited

Company Information
for the Year Ended 31 December 2024







Directors: J M Torner
J Dryland





Registered office: Monica House
St Augustines Rd
Wisbech
Cambs
PE13 3AD





Business address: Lynch Wood Business Park
Peterborough
Cambridgeshire
PE2 6FY





Registered number: 07167359 (England and Wales)





Auditors: Moore Thompson
Bank House
Broad Street
Spalding
Lincolnshire
PE11 1TB

Daumar Limited (Registered number: 07167359)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 1,763 406

Current assets
Stocks 6 276,691 246,348
Debtors 7 933,606 745,624
Cash at bank 315,494 423,380
1,525,791 1,415,352
Creditors
Amounts falling due within one year 8 457,630 365,558
Net current assets 1,068,161 1,049,794
Total assets less current liabilities 1,069,924 1,050,200

Provisions for liabilities - 102
Net assets 1,069,924 1,050,098

Capital and reserves
Called up share capital 63,333 63,333
Capital redemption reserve 3,334 3,334
Retained earnings 1,003,257 983,431
1,069,924 1,050,098

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 21 February 2025 and were signed on its behalf by:





J M Torner - Director


Daumar Limited (Registered number: 07167359)

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


1. Statutory information

Daumar 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; 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.
Plant and machinery - 15% and 33.3% straight line

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, the stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statements of Income and Retained Earnings.


Daumar Limited (Registered number: 07167359)

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


3. 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the pan are held separately from the Company in independently administered funds.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 3 ) .

Daumar Limited (Registered number: 07167359)

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


5. Tangible fixed assets
Plant and
machinery
£   
Cost
At 1 January 2024 17,749
Additions 1,847
At 31 December 2024 19,596
Depreciation
At 1 January 2024 17,343
Charge for year 490
At 31 December 2024 17,833
Net book value
At 31 December 2024 1,763
At 31 December 2023 406

6. Stocks
2024 2023
£    £   
Stocks 276,691 246,348

During the year the company made a stock provision of £0 (2023: £80,324).

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 913,564 724,871
Amounts owed by group undertakings - 16,622
Other debtors 7,590 3,733
Deferred tax asset 11,635 -
Prepayments 817 398
933,606 745,624

Amounts owed to group undertakings are unsecured, interest free and have no fixed date of repayment.

During the year the company recognised a bad debt provision of £2,058 (2023: £0).

Daumar Limited (Registered number: 07167359)

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


8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 105,183 108,864
Amounts owed to group undertakings 20,739 -
Corporation tax 80,178 56,877
Social security and other taxes 3,618 3,694
VAT 159,037 127,310
Other creditors 3,369 3,392
Accruals and deferred income 85,506 65,421
457,630 365,558

9. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 18,732 -
Between one and five years 1,561 -
20,293 -

10. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Hannah Butcher (Senior Statutory Auditor)
for and on behalf of Moore Thompson

11. Related party disclosures

During the year the Company made sales To Talleres Daumar S.L., the immediate parent undertaking and controlling party, amounting to £58,412 (2023: £37,723).The Company also made purchases from Talleres Daumar S.L., amounting to £1,894,772 (2023: £1,758,814). As at 31 December 2024 the outstanding balance due to Talleres Daumar S.L. was £20,739 (2023:Due from Talleres Daumar S.L. £16,622).

12. Ultimate controlling party

The ultimate controlling party is Talleres Daumar S.L..

Talleres Daumar S.L., a company incorporated and registered in Spain, is the immediate and ultimate parent company, by virtue of owning 94.7% (2023: 94.7%) of the issued voting share capital.

The largest and smallest group into which the results for the company are consolidated is that headed by the ultimate parent company, Talleres Daumar S.L.

The address of the registered office is Lluis Companys, 13-15 Vilassar De Dalt, 08339, Spain.