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REGISTERED NUMBER: 02047962 (England and Wales)















Dimension-Polyant (UK) Limited

Financial Statements

for the Year Ended 31 December 2024






Dimension-Polyant (UK) Limited (Registered number: 02047962)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dimension-Polyant (UK) Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: U Stein





SECRETARY: CA Burnett





REGISTERED OFFICE: Altham Lane
Altham
Accrington
BB5 5YA





REGISTERED NUMBER: 02047962 (England and Wales)





AUDITORS: McMillan & Co LLP
Chartered Accountants and
Statutory Auditor
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Dimension-Polyant (UK) Limited (Registered number: 02047962)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,005 11,692

CURRENT ASSETS
Debtors 5 145,562 96,284
Cash at bank and in hand 17,461 31,323
163,023 127,607
CREDITORS
Amounts falling due within one year 6 63,476 72,657
NET CURRENT ASSETS 99,547 54,950
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,552

66,642

PROVISIONS FOR LIABILITIES - 88
NET ASSETS 108,552 66,554

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 108,452 66,454
108,552 66,554

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2025 and were signed by:





U Stein - Director


Dimension-Polyant (UK) Limited (Registered number: 02047962)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Dimension-Polyant (UK) 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 (£).


The accounts are rounded to the nearest £1.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for commissions, net of VAT, from the parent company representing the costs of generating UK sales.

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 - 20% on cost and 10% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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).

Recoverable amount is an estimate of the fair value less costs to sell.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Dimension-Polyant (UK) Limited (Registered number: 02047962)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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 these 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 amount 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
Financial liabilities, including creditors, 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 all 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.

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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Dimension-Polyant (UK) Limited (Registered number: 02047962)

Notes to the Financial Statements - continued
for the year ended 31 December 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.

Foreign currencies
Transactions in currencies other than pounds sterling are recorded at the rate of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Hire purchase and leasing commitments
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 systemic 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
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.

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

Employee benefits
The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employees services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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

3. EMPLOYEES AND DIRECTORS

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

Dimension-Polyant (UK) Limited (Registered number: 02047962)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 January 2024
and 31 December 2024 31,662 105 3,441 35,208
DEPRECIATION
At 1 January 2024 19,970 105 3,441 23,516
Charge for year 2,687 - - 2,687
At 31 December 2024 22,657 105 3,441 26,203
NET BOOK VALUE
At 31 December 2024 9,005 - - 9,005
At 31 December 2023 11,692 - - 11,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 83,373 48,638
Amounts owed by group undertakings 54,357 40,885
Deferred tax asset 73 -
Prepayments and accrued income 7,759 6,761
145,562 96,284

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 4,442 7,662
Corporation tax 14,213 4,484
Social security and other taxes 6,826 5,254
VAT 22,418 14,504
Accruals and deferred income 15,577 40,753
63,476 72,657

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 38,278 19,342
Between one and five years 111,260 126,333
149,538 145,675

Dimension-Polyant (UK) Limited (Registered number: 02047962)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. RESERVES
Retained
earnings
£

At 1 January 2024 66,454
Profit for the year 41,998
At 31 December 2024 108,452

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil McMillan FCA (Senior Statutory Auditor)
for and on behalf of McMillan & Co LLP

10. RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemptions offered by FRS102 1A Section 33, as a wholly owned subsidiary of Dimension-Polyant GmbH.

11. PARENT COMPANY

The company is a wholly owned subsidiary of Dimension-Polyant GmbH (a company incorporated in Germany). Sioen Industries NV is the ultimate parent undertaking of Dimension-Polyant (UK) Limited.

The largest group in which results of the company are consolidated is that headed by Sioen Industries NV, a company incorporated in Belgium. Copies of the consolidated accounts are available from Speefeld 7, D-47906 Kempen St Hubert, Germany.