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DAMAX LIMITED

Registered Number
02530526
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

DAMAX LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

WARD, Robin
WARD, Sharon

Company Secretary

WARD, Sharon

Registered Address

Whiteleaf Business Centre
11 Little Balmer
Buckingham
MK18 1TF

Registered Number

02530526 (England and Wales)
DAMAX LIMITED
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets317,23515,471
17,23515,471
Current assets
Stocks454,31071,931
Debtors6,87519,223
Cash at bank and on hand22,20817,753
83,393108,907
Creditors amounts falling due within one year5(55,973)(87,869)
Net current assets (liabilities)27,42021,038
Total assets less current liabilities44,65536,509
Creditors amounts falling due after one year6(1,666)(3,666)
Provisions for liabilities7(3,275)(2,429)
Net assets39,71430,414
Capital and reserves
Called up share capital203203
Profit and loss account39,51130,211
Shareholders' funds39,71430,414
The financial statements were approved and authorised for issue by the Board of Directors on 12 June 2025, and are signed on its behalf by:
WARD, Sharon
Director
Registered Company No. 02530526
DAMAX LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Office Equipment33
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 October 234,54059,5731,08065,193
Additions-6,4994946,993
At 30 September 244,54066,0721,57472,186
Depreciation and impairment
At 01 October 234,54044,68349949,722
Charge for year-4,9832465,229
At 30 September 244,54049,66674554,951
Net book value
At 30 September 24-16,40682917,235
At 30 September 23-14,89058115,471
4.Stocks

2024

2023

££
Raw materials and consumables42,00045,000
Work in progress12,31026,931
Total54,31071,931
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,39715,484
Bank borrowings and overdrafts2,0002,000
Taxation and social security18,67218,618
Other creditors17,12538,873
Accrued liabilities and deferred income8,77912,894
Total55,97387,869
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,6663,666
Total1,6663,666
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,2752,429
Total3,2752,429