Danbury Oils Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01681681 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DANBURY OILS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B F Humphreys

W P Scrivener

T Humphreys

SECRETARY:

B F Humphreys

REGISTERED OFFICE:

Viking House

Unit 5A

Benbridge Industrial Estate

Heybridge

Maldon Essex

CM9 7XP

REGISTERED NUMBER:

01681681 (England and Wales)

ACCOUNTANTS:

Lucentum Business Services Ltd

Beckwith Barn

Warren Estate

Lordship Road

Chelmsford

Essex

CM1 3WT

FIXED ASSETS

Tangible assets

5

522,544

577,686

CURRENT ASSETS

Stocks

59,375

60,598

Debtors

6

354,030

380,464

Cash at bank and in hand

1,063,896

906,753

1,477,301

1,347,815

CREDITORS

Amounts falling due within one year

7

385,867

410,599

NET CURRENT ASSETS

1,091,434

937,216

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,613,978

1,514,902

CREDITORS

Amounts falling due after more than one
year

8

(39,509

)

(86,424

)

PROVISIONS FOR LIABILITIES

10

(92,276

)

(106,534

)

NET ASSETS

1,482,193

1,321,944

CAPITAL AND RESERVES

Called up share capital

11

100

Other reserves

135,096

Retained earnings

1,346,997

1,186,748

SHAREHOLDERS' FUNDS

1,482,193

1,321,944

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

W P Scrivener - Director

1.	STATUTORY INFORMATION

Danbury Oils 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 (£).

Amounts are rounded to the nearest Pound.

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

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of edible oil to the catering industry, excluding value added tax.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

Straight line over 50 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

33% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

No depreciation has been charged on Freehold Property as the directors consider the residual value to be at least equal to the net book value.

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

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in the income statement in the same period as the related expenditure.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

COST

At 1 January 2024

254,000

270,432

14,691

Additions

-

2,345

-

Disposals

-

At 31 December 2024

254,000

272,777

14,691

DEPRECIATION

At 1 January 2024

-

150,020

14,553

Charge for year

-

24,618

22

Eliminated on disposal

-

At 31 December 2024

-

174,638

14,575

NET BOOK VALUE

At 31 December 2024

254,000

98,139

116

At 31 December 2023

254,000

120,412

138

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

358,621

1,879

899,623

Additions

28,500

-

30,845

Disposals

(19,750

)

-

(19,750

)

At 31 December 2024

367,371

1,879

910,718

DEPRECIATION

At 1 January 2024

155,814

1,550

321,937

Charge for year

53,380

329

78,349

Eliminated on disposal

(12,112

)

-

(12,112

)

At 31 December 2024

197,082

1,879

388,174

NET BOOK VALUE

At 31 December 2024

170,289

-

522,544

At 31 December 2023

202,807

329

577,686

No depreciation has been charged on Freehold property as the directors consider the residual value to be at least equal to the net book value.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 31 December 2024

278,402

DEPRECIATION

At 1 January 2024

99,492

Charge for year

45,274

At 31 December 2024

144,766

NET BOOK VALUE

At 31 December 2024

133,636

At 31 December 2023

178,910

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

342,587

353,707

Other debtors

11,443

26,757

354,030

380,464

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,000

Hire purchase contracts

36,915

49,446

Trade creditors

166,563

191,126

Taxation and social security

161,453

149,862

Other creditors

10,936

10,165

385,867

410,599

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

7,500

17,500

Hire purchase contracts

32,009

68,924

39,509

86,424

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Hire purchase contracts

68,924

118,370

Hire purchase liabilities are secured on the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

Accelerated capital allowances

66,663

80,921

Deferred tax on revaluation

25,613

92,276

106,534

Deferred

tax

£

Balance at 1 January 2024

106,534

Credit to Income Statement during year

(14,258

)

Balance at 31 December 2024

92,276

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by B F Humphreys, a director of the company, and 55% shareholder.