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REGISTERED NUMBER: 04279682 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DBL (SUSSEX) LIMITED

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DBL (SUSSEX) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: D B Levene





REGISTERED OFFICE: Unit 2 Access House
Stephenson Way
Three Bridges
Crawley
West Sussex
RH10 1TN





REGISTERED NUMBER: 04279682 (England and Wales)





ACCOUNTANTS: Haines & Co
Chartered Accountants
Carlton House
28-29 Carlton Terrace
Portslade
Brighton
BN41 1UR

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 146,573 157,790
Investment property 6 1,200,000 680,000
1,346,573 837,790

CURRENT ASSETS
Stocks 611,802 547,093
Debtors 7 382,798 397,819
Cash at bank 600,448 518,721
1,595,048 1,463,633
CREDITORS
Amounts falling due within one year 8 180,093 136,912
NET CURRENT ASSETS 1,414,955 1,326,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,761,528

2,164,511

PROVISIONS FOR LIABILITIES 9 196,563 69,218
NET ASSETS 2,564,965 2,095,293

CAPITAL AND RESERVES
Called up share capital 10 150 150
Retained earnings 11 2,564,815 2,095,143
SHAREHOLDERS' FUNDS 2,564,965 2,095,293

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 June 2025 and were signed by:





D B Levene - Director


DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

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

1. STATUTORY INFORMATION

DBL (Sussex) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 from the sale of goods is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair value movement included in the profit for the year are as follows:

Investment properties are valued by the Directors at fair value having regard to rental returns annually.

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

Financial instruments
Creditors with no stated interest rate and payable within one year are recorded at transaction price.

loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amotised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present 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.


DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

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

3. 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 125,000 65,223 190,223
Additions - 835 835
At 31 December 2024 125,000 66,058 191,058
DEPRECIATION
At 1 January 2024 7,800 24,633 32,433
Charge for year 600 11,452 12,052
At 31 December 2024 8,400 36,085 44,485
NET BOOK VALUE
At 31 December 2024 116,600 29,973 146,573
At 31 December 2023 117,200 40,590 157,790

Included in cost or valuation of land and buildings is freehold land of £ 95,000 (2023 - £ 95,000 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 125,000 - 125,000
Cost - 66,058 66,058
125,000 66,058 191,058

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

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

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2024 680,000
Revaluations 520,000
At 31 December 2024 1,200,000
NET BOOK VALUE
At 31 December 2024 1,200,000
At 31 December 2023 680,000

I

Cost or valuation at 31 December 2024 is represented by:
£   
Valuation in 2015 240,428
Valuation in 2016 80,000
Valuation in 2024 520,000
Cost 359,572
1,200,000

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 359,572 359,572

Investment property was valued on Fair market value basis on 31 December 2024 by the Directors .

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 11,728 27,830
Prepayments 2,149 1,068
13,877 28,898

Amounts falling due after more than one year:
Other debtors 368,921 368,921

Aggregate amounts 382,798 397,819

DBL (SUSSEX) LIMITED (REGISTERED NUMBER: 04279682)

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 103,435 96,623
Tax 44,011 13,891
Social security and other taxes 4,212 3,689
VAT 24,865 15,632
Other creditors - 4,122
Directors' current accounts 800 185
Accrued expenses 2,770 2,770
180,093 136,912

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax 7,493 10,148
Deferred tax on revaluations 189,070 59,070
196,563 69,218

Deferred
tax
£   
Balance at 1 January 2024 69,218
Increase in provision
Deferred tax on revaluations 130,000
Decrease in provision (2,655 )
Balance at 31 December 2024 196,563

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
150 Ordinary £1 150 150

11. RESERVES
Retained
earnings
£   

At 1 January 2024 2,095,143
Profit for the year 513,472
Dividends (43,800 )
At 31 December 2024 2,564,815

12. ULTIMATE CONTROLLING PARTY

The controlling party is D B Levene.