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Company registration number: 15475335
DBC Industrial Limited
Unaudited filleted financial statements
31 December 2024
DBC Industrial Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
DBC Industrial Limited
Directors and other information
Directors Mr Duncan Grant Fox (Appointed 30 May 2024)
Mr Mervyn Glenn Fox (Appointed 30 May 2024)
Mr Michael Fox (Appointed 30 May 2024)
Mr Gareth Hans Harvey (Appointed 30 May 2024)
Mr Laurence Robert Denny (Appointed 9 February 2024)
(Resigned 30 May 2024)
Company number 15475335
Registered office Unit 6 Fen End
Stotfold
Hitchin
Herts
SG5 4BA
Accountants 4cast
Heritage House
Woodside Lane
Bell Bar
Hertfordshire
AL9 6DE
DBC Industrial Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of DBC Industrial Limited
Period ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 December 2024 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
4cast
Heritage House
Woodside Lane
Bell Bar
Hertfordshire
AL9 6DE
2 June 2025
DBC Industrial Limited
Statement of financial position
31 December 2024
31/12/24
Note £ £
Fixed assets
Tangible assets 5 52,183
_______
52,183
Current assets
Stocks 6,141
Debtors 6 188,054
Cash at bank and in hand 185,024
_______
379,219
Creditors: amounts falling due
within one year 7 ( 352,055)
_______
Net current assets 27,164
_______
Total assets less current liabilities 79,347
Provisions for liabilities ( 13,046)
_______
Net assets 66,301
_______
Capital and reserves
Called up share capital 100
Profit and loss account 66,201
_______
Shareholders funds 66,301
_______
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 02 June 2025 , and are signed on behalf of the board by:
Mr Gareth Hans Harvey
Director
Company registration number: 15475335
DBC Industrial Limited
Notes to the financial statements
Period ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6 Fen End, Stotfold, Hitchin, Herts, SG5 4BA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The average number of persons employed by the company during the period amounted to 3
The aggregate payroll costs incurred during the period were:
Period
ended
31/12/24
£
Wages and salaries 171,978
Employers national insurance and pension costs 15,615
_______
187,593
_______
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 9 February 2024 - - -
Additions 1,135 54,754 55,889
_______ _______ _______
At 31 December 2024 1,135 54,754 55,889
_______ _______ _______
Depreciation
At 9 February 2024 - - -
Charge for the year 284 3,422 3,706
_______ _______ _______
At 31 December 2024 284 3,422 3,706
_______ _______ _______
Carrying amount
At 31 December 2024 851 51,332 52,183
_______ _______ _______
6. Debtors
31/12/24
£
Trade debtors 176,740
DMM Enterprises Ltd 80
Other debtors 11,234
_______
188,054
_______
7. Creditors: amounts falling due within one year
31/12/24
£
Bank loans and overdrafts 57,492
Trade creditors 46,298
Corporation tax 10,151
Social security and other taxes 37,658
Other creditors 200,456
_______
352,055
_______