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REGISTERED NUMBER: 04699580 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DAMPCO LIMITED

DAMPCO LIMITED (REGISTERED NUMBER: 04699580)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAMPCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr J Linley-Shaw
Mr M P Bird



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 04699580 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: HSBC
19 Fore Street
Brixham
Devon
TQ5 8AF

DAMPCO LIMITED (REGISTERED NUMBER: 04699580)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 161,595 170,821
Investments 6 100 100
161,695 170,921

CURRENT ASSETS
Stocks 7 5,000 5,000
Debtors 8 189,984 213,635
Cash at bank 169,689 150,869
364,673 369,504
CREDITORS
Amounts falling due within one year 9 102,947 100,785
NET CURRENT ASSETS 261,726 268,719
TOTAL ASSETS LESS CURRENT LIABILITIES 423,421 439,640

CREDITORS
Amounts falling due after more than one
year

10

(44,815

)

(56,191

)

PROVISIONS FOR LIABILITIES (7,899 ) (7,756 )
NET ASSETS 370,707 375,693

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 370,697 375,683
SHAREHOLDERS' FUNDS 370,707 375,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

DAMPCO LIMITED (REGISTERED NUMBER: 04699580)

BALANCE SHEET - continued
31 JULY 2024


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 Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:




Mr J Linley-Shaw - Director



Mr M P Bird - Director


DAMPCO LIMITED (REGISTERED NUMBER: 04699580)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Dampco 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


DAMPCO LIMITED (REGISTERED NUMBER: 04699580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 7,000
AMORTISATION
At 1 August 2023
and 31 July 2024 7,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

DAMPCO LIMITED (REGISTERED NUMBER: 04699580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 130,000 56,631 1,658
Additions - 416 -
At 31 July 2024 130,000 57,047 1,658
DEPRECIATION
At 1 August 2023 - 44,231 593
Charge for year - 2,563 160
At 31 July 2024 - 46,794 753
NET BOOK VALUE
At 31 July 2024 130,000 10,253 905
At 31 July 2023 130,000 12,400 1,065

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 49,613 1,402 239,304
Additions - - 416
At 31 July 2024 49,613 1,402 239,720
DEPRECIATION
At 1 August 2023 22,460 1,199 68,483
Charge for year 6,788 131 9,642
At 31 July 2024 29,248 1,330 78,125
NET BOOK VALUE
At 31 July 2024 20,365 72 161,595
At 31 July 2023 27,153 203 170,821

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

DAMPCO LIMITED (REGISTERED NUMBER: 04699580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. STOCKS
2024 2023
£    £   
Stocks 5,000 5,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,806 69,619
Amounts owed by associates 95,719 92,801
Amounts recoverable on contract 12,000 12,000
VAT 16,904 26,849
Prepayments 13,555 12,366
189,984 213,635

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,008 10,406
Amounts owed to associates 66 -
Tax 24,318 33,375
Social security and other taxes 1,239 1,508
Other creditors 1,525 1,722
Directors' current accounts 62,636 51,824
Accrued expenses 2,155 1,950
102,947 100,785

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 26,844 30,712
Bank loans more 5 yr by instal 17,971 25,479
44,815 56,191

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,971 25,479

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 55,823 66,597

DAMPCO LIMITED (REGISTERED NUMBER: 04699580)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr J Linley-Shaw
Balance outstanding at start of year (48,177 ) (45,238 )
Amounts advanced 37,499 37,160
Amounts repaid (38,188 ) (40,099 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (48,866 ) (48,177 )

Mr M P Bird
Balance outstanding at start of year (3,648 ) (10,092 )
Amounts advanced 27,893 24,543
Amounts repaid (38,015 ) (18,099 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,770 ) (3,648 )

Loans are unsecured, interest free and repayable on demand.

13. BOUNCE BACK LOAN

At the year end the company owed £13,387 (2023: £42,437) for a bounce back loan which was 100% guaranteed by the Government on a 6 year term.