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REGISTERED NUMBER: 10823844 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Disulfican Limited

Disulfican Limited (Registered number: 10823844)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Disulfican Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr D P Dancaster
Prof W Wang
Professor P Pillai
Mr C D Jones





REGISTERED OFFICE: Unit 8
Pendeford Business Park
Wolverhampton
WV9 5HD





REGISTERED NUMBER: 10823844 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

Disulfican Limited (Registered number: 10823844)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 318,979 318,979
Tangible assets 5 5,345 7,768
324,324 326,747

CURRENT ASSETS
Debtors 6 4,915 12,251
Cash at bank and in hand 83,733 55,764
88,648 68,015
CREDITORS
Amounts falling due within one year 7 4,386 1,615
NET CURRENT ASSETS 84,262 66,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

408,586

393,147

CREDITORS
Amounts falling due after more than one
year

8

140,000

140,000
NET ASSETS 268,586 253,147

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 256,587 256,587
Retained earnings 11,799 (3,640 )
SHAREHOLDERS' FUNDS 268,586 253,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 7 April 2025 and were signed on its behalf by:





Professor P Pillai - Director


Disulfican Limited (Registered number: 10823844)

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

1. STATUTORY INFORMATION

Disulfican 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 (£).


All monetary amounts are rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Going concern
The financial statements have been prepared on a going concern basis.

The company's working capital requirements are provided by loans and grants. The Directors are currently in negotiation with regards to the future of the business. While there can be no certainty as to the outcome of these discussions, the directors, having considered the above and made due enquiries, continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future.

Judgements and estimates
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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially recognised at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is to commence once the asset is in use.

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 etc - 20% on cost and on written down value

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.


Disulfican Limited (Registered number: 10823844)

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

2. ACCOUNTING POLICIES - continued
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.

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 pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 318,979
NET BOOK VALUE
At 30 June 2024 318,979
At 30 June 2023 318,979

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 62,971
DEPRECIATION
At 1 July 2023 55,203
Charge for year 2,423
At 30 June 2024 57,626
NET BOOK VALUE
At 30 June 2024 5,345
At 30 June 2023 7,768

Disulfican Limited (Registered number: 10823844)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 4,915 12,036
Other debtors - 215
4,915 12,251

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 555 243
Taxation and social security 3,831 1,372
4,386 1,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 140,000 140,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
200 Ordinary 1 200 200

10. RELATED PARTY DISCLOSURES

Loans from related parties
2024 2023
£ £
At start of period 140,000 70,000
Advanced - 70,000
Repaid - -
At end of period 140,000 140,000



Terms of loans from related parties

These amounts have been advanced from the two shareholders of the company on 3 year basis, payable December 2024. Interest will be payable at this date at a 5% rate.