IRIS Accounts Production v25.1.0.734 00609735 Board of Directors 1.1.24 31.12.24 31.12.24 23/4/2025 0 0 false true false false true false Auditors Opinion Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006097352023-12-31006097352024-12-31006097352024-01-012024-12-31006097352022-12-31006097352023-01-012023-12-31006097352023-12-3100609735ns15:EnglandWales2024-01-012024-12-3100609735ns14:PoundSterling2024-01-012024-12-3100609735ns10:Director12024-01-012024-12-3100609735ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100609735ns10:SmallEntities2024-01-012024-12-3100609735ns10:Audited2024-01-012024-12-3100609735ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100609735ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100609735ns10:FullAccounts2024-01-012024-12-3100609735ns10:OrdinaryShareClass12024-01-012024-12-3100609735ns10:Director22024-01-012024-12-3100609735ns10:Director32024-01-012024-12-3100609735ns10:RegisteredOffice2024-01-012024-12-3100609735ns5:CurrentFinancialInstruments2024-12-3100609735ns5:CurrentFinancialInstruments2023-12-3100609735ns5:ShareCapital2024-12-3100609735ns5:ShareCapital2023-12-3100609735ns5:SharePremium2024-12-3100609735ns5:SharePremium2023-12-3100609735ns5:RevaluationReserve2024-12-3100609735ns5:RevaluationReserve2023-12-3100609735ns5:CapitalRedemptionReserve2024-12-3100609735ns5:CapitalRedemptionReserve2023-12-3100609735ns5:RetainedEarningsAccumulatedLosses2024-12-3100609735ns5:RetainedEarningsAccumulatedLosses2023-12-3100609735ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3100609735ns5:LeaseholdImprovements2024-01-012024-12-3100609735ns5:PlantMachinery2024-01-012024-12-3100609735ns5:LandBuildings2023-12-3100609735ns5:LeaseholdImprovements2023-12-3100609735ns5:PlantMachinery2023-12-3100609735ns5:LandBuildings2024-01-012024-12-3100609735ns5:LandBuildings2024-12-3100609735ns5:LeaseholdImprovements2024-12-3100609735ns5:PlantMachinery2024-12-3100609735ns5:LandBuildings2023-12-3100609735ns5:LeaseholdImprovements2023-12-3100609735ns5:PlantMachinery2023-12-3100609735ns5:CostValuation2023-12-3100609735ns5:AcceleratedTaxDepreciationDeferredTax2024-12-3100609735ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3100609735ns5:DeferredTaxation2023-12-3100609735ns5:DeferredTaxation2024-01-012024-12-3100609735ns5:DeferredTaxation2024-12-3100609735ns10:OrdinaryShareClass12024-12-3100609735ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 00609735 (England and Wales)



















DACRYLATE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






DACRYLATE LIMITED (REGISTERED NUMBER: 00609735)

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 to 6


DACRYLATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs S L Harte
Mrs E Butler
Mr M Butler





REGISTERED OFFICE: Dacrylate Ltd
Lindleys Lane
Kirkby-In-Ashfield
Nottingham
NG17 8AL





REGISTERED NUMBER: 00609735 (England and Wales)





AUDITORS: Johnson Tidsall Limited
Chartered Accountants
& Statutory Auditor
81 Burton Road
Derby
Derbyshire
DE1 1TJ

DACRYLATE LIMITED (REGISTERED NUMBER: 00609735)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,450,621 1,463,186
Investments 5 32,832 32,832
1,483,453 1,496,018

CURRENT ASSETS
Cash at bank 658,142 573,891

CREDITORS
Amounts falling due within one year 6 232,841 184,867
NET CURRENT ASSETS 425,301 389,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,908,754

1,885,042

PROVISIONS FOR LIABILITIES 7 32,800 27,176
NET ASSETS 1,875,954 1,857,866

CAPITAL AND RESERVES
Called up share capital 8 241,126 241,126
Share premium 30,548 30,548
Revaluation reserve 9 337,027 342,523
Capital redemption reserve 33,785 33,785
Retained earnings 1,233,468 1,209,884
SHAREHOLDERS' FUNDS 1,875,954 1,857,866

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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:





Mrs S L Harte - Director


DACRYLATE LIMITED (REGISTERED NUMBER: 00609735)

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


1. STATUTORY INFORMATION

Dacrylate 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. 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Dacrylate Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Turnover relates to the re-charge of depreciation on assets, used by its subsidiary company.

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 - 2% on cost
Improvements to property - at varying rates on cost
Plant and machinery - at varying rates on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

No depreciation is charged on land included within freehold property.

Assets under construction are not depreciated until the asset is in use.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost, less impairment.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


DACRYLATE LIMITED (REGISTERED NUMBER: 00609735)

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.

Cash at bank and in hand
Cash is represented by cash in hand and deposits with financial institutions.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2024 1,124,207 641,997 34,699 1,800,903
Additions - 19,044 4,214 23,258
Disposals - - (269 ) (269 )
At 31 December 2024 1,124,207 661,041 38,644 1,823,892
DEPRECIATION
At 1 January 2024 127,837 198,743 11,137 337,717
Charge for year 12,255 19,178 4,300 35,733
Eliminated on disposal - - (179 ) (179 )
At 31 December 2024 140,092 217,921 15,258 373,271
NET BOOK VALUE
At 31 December 2024 984,115 443,120 23,386 1,450,621
At 31 December 2023 996,370 443,254 23,562 1,463,186

Included in cost or valuation of land and buildings is freehold land of £ 511,599 (2023 - £ 511,599 ) which is not depreciated.

The freehold land and buildings were revalued on an open market basis by Wilkins Hammond Commercial Chartered Surveyors in December 1997. On the introduction of FRS 15 the company adopted the transitional arrangements in FRS 15 and the valuation undertaken in 1997 was frozen in the financial statements and a policy of revaluation has not been adopted henceforth.

DACRYLATE LIMITED (REGISTERED NUMBER: 00609735)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
Valuation in 1997 412,177 - - 412,177
Cost 712,030 661,041 38,644 1,411,715
1,124,207 661,041 38,644 1,823,892

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 712,030 712,030
Aggregate depreciation 43,605 43,605

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 32,832
NET BOOK VALUE
At 31 December 2024 32,832
At 31 December 2023 32,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 61
Amounts owed to group undertakings 222,931 182,064
Corporation tax 9,910 2,742
232,841 184,867

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 32,800 27,176

DACRYLATE LIMITED (REGISTERED NUMBER: 00609735)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 27,176
Provided during year 5,624
Balance at 31 December 2024 32,800

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
241,126 Ordinary £1 241,126 241,126

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024 342,523
Transfer (5,496 )

At 31 December 2024 337,027

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

The Report of the Auditors was unqualified.

David Mellor FCA (Senior Statutory Auditor)
for and on behalf of Johnson Tidsall Limited

11. RELATED PARTY DISCLOSURES

There is a balance of £222,931 (2023: £182,064) owing to a group company at the year-end. The amount has no fixed repayment terms and is interest-free.