REGISTERED NUMBER: |
Daumar Limited |
Financial Statements |
for the Year Ended 31 December 2024 |
REGISTERED NUMBER: |
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: |
Registered office: |
Business address: |
Registered number: |
Auditors: |
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 |
Current assets |
Stocks | 6 |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital |
Capital redemption reserve |
Retained earnings |
The financial statements were approved by the Board of Directors and authorised for issue on |
Daumar Limited (Registered number: 07167359) |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | Statutory information |
Daumar Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
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 |
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 |
Additions |
At 31 December 2024 |
Depreciation |
At 1 January 2024 |
Charge for year |
At 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
6. | Stocks |
2024 | 2023 |
£ | £ |
Stocks |
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 |
Amounts owed by group undertakings |
Other debtors |
Deferred tax asset |
Prepayments |
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 |
Amounts owed to group undertakings |
Corporation tax |
Social security and other taxes |
VAT | 159,037 | 127,310 |
Other creditors |
Accruals and deferred income |
9. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
10. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
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., 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. |