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REGISTERED NUMBER: 01158843 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Daymark Limited

Daymark Limited (Registered number: 01158843)






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


Daymark Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: J M Bird



SECRETARY: Mrs P L Bird



REGISTERED OFFICE: 70 Hartlebury Trading Estate
Hartlebury
Worcestershire
DY10 4JB



REGISTERED NUMBER: 01158843 (England and Wales)



ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN



BANKERS: Barclays Bank Plc
66 Oxford Street
Kidderminster
Worcestershire
DY10 1BL

Daymark Limited (Registered number: 01158843)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 888,173 959,564

CURRENT ASSETS
Stocks 5 290,778 285,512
Debtors 6 302,132 336,459
Cash at bank and in hand 295,234 251,634
888,144 873,605
CREDITORS
Amounts falling due within one year 7 783,603 651,899
NET CURRENT ASSETS 104,541 221,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

992,714

1,181,270

CREDITORS
Amounts falling due after more than one
year

8

(134,819

)

(273,561

)

PROVISIONS FOR LIABILITIES 10 (219,936 ) (237,748 )
NET ASSETS 637,959 669,961

CAPITAL AND RESERVES
Called up share capital 6,000 6,000
Retained earnings 631,959 663,961
SHAREHOLDERS' FUNDS 637,959 669,961

Daymark Limited (Registered number: 01158843)

Balance Sheet - continued
31 December 2024


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.

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 director and authorised for issue on 8 August 2025 and were signed by:





J M Bird - Director


Daymark Limited (Registered number: 01158843)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Daymark 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.

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

Sale of goods - Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Tooling - 15% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
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.


Daymark Limited (Registered number: 01158843)

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
Tooling property machinery
£    £    £   
COST
At 1 January 2024 402,202 47,838 1,848,464
Additions 24,927 - 8,350
At 31 December 2024 427,129 47,838 1,856,814
DEPRECIATION
At 1 January 2024 256,695 47,838 1,211,446
Charge for year 35,767 - 51,060
At 31 December 2024 292,462 47,838 1,262,506
NET BOOK VALUE
At 31 December 2024 134,667 - 594,308
At 31 December 2023 145,507 - 637,018

Daymark Limited (Registered number: 01158843)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 323,913 37,694 552,935 3,213,046
Additions 15,631 - 31,275 80,183
At 31 December 2024 339,544 37,694 584,210 3,293,229
DEPRECIATION
At 1 January 2024 276,775 23,222 437,506 2,253,482
Charge for year 10,884 4,039 49,824 151,574
At 31 December 2024 287,659 27,261 487,330 2,405,056
NET BOOK VALUE
At 31 December 2024 51,885 10,433 96,880 888,173
At 31 December 2023 47,138 14,472 115,429 959,564

5. STOCKS
31.12.24 31.12.23
£    £   
Stocks 290,778 285,512

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 263,528 275,746
Other debtors 38,604 60,713
302,132 336,459

Daymark Limited (Registered number: 01158843)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 166,473 146,237
Trade creditors 386,954 328,658
Taxation and social security 209,271 147,385
Other creditors 20,905 29,619
783,603 651,899

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 134,819 273,561

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 301,292 419,798

Amounts owing on hire purchase/asset finance agreements are secured on the assets concerned.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 219,936 237,748

Deferred
tax
£   
Balance at 1 January 2024 237,748
Accelerated capital allowances (17,812 )
Balance at 31 December 2024 219,936

11. OTHER FINANCIAL COMMITMENTS

The company had total commitments under non-cancellable operating leases of £335,833 (2023 - £403,833).

Daymark Limited (Registered number: 01158843)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
J M Bird
Balance outstanding at start of year 28,000 -
Amounts advanced - 28,000
Amounts repaid (28,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 28,000