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Registered number: 02915946
Deluxebase Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 02915946
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 32,392 38,832
Investments 6 412 412
32,804 39,244
CURRENT ASSETS
Stocks 2,643,352 2,967,775
Debtors 1,159,430 1,183,593
Cash at bank and in hand 74,394 86,752
3,877,176 4,238,120
Creditors: Amounts Falling Due Within One Year (1,230,478 ) (1,418,595 )
NET CURRENT ASSETS (LIABILITIES) 2,646,698 2,819,525
TOTAL ASSETS LESS CURRENT LIABILITIES 2,679,502 2,858,769
Creditors: Amounts Falling Due After More Than One Year 7 (1,409,865 ) (1,557,200 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,395 ) -
NET ASSETS 1,266,242 1,301,569
CAPITAL AND RESERVES
Called up share capital 9 30,500 30,500
Profit and Loss Account 1,235,742 1,271,069
SHAREHOLDERS' FUNDS 1,266,242 1,301,569
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Philip Hudson
Director
30/09/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Deluxebase Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02915946 . The registered office is Armstrong House The Flemingate Centre, Beverley, East Yorkshire, HU17 0NW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business in 2003 and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Patents and Licences. They are amortised to profit and loss account over their estimated economic life of 4 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 20% on reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.8. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 48 (2023: 48)
48 48
4. Intangible Assets
Total
£
Cost
As at 1 January 2024 46,166
Disposals (10,000 )
As at 31 December 2024 36,166
Amortisation
As at 1 January 2024 46,166
Disposals (10,000 )
As at 31 December 2024 36,166
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Total
£
Cost
As at 1 January 2024 276,489
Additions 3,362
As at 31 December 2024 279,851
Depreciation
As at 1 January 2024 237,657
Provided during the period 9,802
As at 31 December 2024 247,459
Net Book Value
As at 31 December 2024 32,392
As at 1 January 2024 38,832
Page 4
Page 5
6. Investments
Total
£
Cost or Valuation
As at 1 January 2024 412
As at 31 December 2024 412
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 412
As at 1 January 2024 412
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts for factoring accounts are secured.
2024 2023
£ £
Bank loans and overdrafts 352,513 457,499
Other Creditors - 208,833
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
38 Ordinary A shares of £ 305 each 11,590 11,590
38 Ordinary B shares of £ 305 each 11,590 11,590
12 Ordinary C shares of £ 305 each 3,660 3,660
12 Ordinary D shares of £ 305 each 3,660 3,660
30,500 30,500
10. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £5,331 (2023 £4,433) were due to the fund. They are included in Other Creditors.
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