Dega Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04139326 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Dega Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Brown

R Brown

REGISTERED OFFICE:

Crusader House

High Street

Maxey

Peterborough

PE6 9HQ

REGISTERED NUMBER:

04139326 (England and Wales)

ACCOUNTANTS:

Harris & Co

Chartered Accountants

2 Pavilion Court

600 Pavilion Drive

Northampton

NN4 7SL

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,941,621

1,981,261

Investments

6

6,001

1,947,622

1,987,262

CURRENT ASSETS

Debtors

7

188,744

151,127

Cash at bank

8,917

4,289

197,661

155,416

CREDITORS

Amounts falling due within one year

8

229,834

102,828

NET CURRENT (LIABILITIES)/ASSETS

(32,173

)

52,588

TOTAL ASSETS LESS CURRENT LIABILITIES

1,915,449

2,039,850

CAPITAL AND RESERVES

Called up share capital

9

6,003

Retained earnings

1,909,446

2,033,847

SHAREHOLDERS' FUNDS

1,915,449

2,039,850

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 30 September 2025 and were signed on its behalf by:

R Brown - Director

1.	STATUTORY INFORMATION

Dega 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about Dega Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities. Turnover is recognised when the service has been provided to the customer.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over fifty years

Fixtures, fittings and equipment

-

25% on cost

Investments in subsidiaries

Fixed asset investments are stated at cost less provision for permanent diminution in value.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension

The pension costs charged in the financial statements represent the contribution payable by the company during the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,280

AMORTISATION

At 1 January 2024

and 31 December 2024

1,280

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Freehold

and

property

equipment

Totals

£

COST

At 1 January 2024

2,031,451

108,239

2,139,690

Additions

-

798

At 31 December 2024

2,031,451

109,037

2,140,488

DEPRECIATION

At 1 January 2024

80,183

78,246

158,429

Charge for year

25,955

14,483

40,438

At 31 December 2024

106,138

92,729

198,867

NET BOOK VALUE

At 31 December 2024

1,925,313

16,308

1,941,621

At 31 December 2023

1,951,268

29,993

1,981,261

Included in cost of land and buildings is freehold land of £ 730,637 (2023 - £ 730,637 ) which is not depreciated.

6.	FIXED ASSET INVESTMENTS

Subsidiary

undertakings

shares

£

COST

At 1 January 2024

and 31 December 2024

6,001

NET BOOK VALUE

At 31 December 2024

6,001

At 31 December 2023

6,001

The company holds 100% of the issued share capital in Degafloor Limited and National Flooring Limited. Both companies are incorporated in the United Kingdom. Degafloor Limited is engaged in manufacturing and distribution, while National Flooring Limited specialises in flooring installation services. These investments are held at cost.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

148,754

105,766

Other debtors

35,710

34,000

Prepayments

4,280

11,361

188,744

151,127

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other loans

35,336

-

Trade creditors

61,870

14,740

Corporation tax payable

66,409

47,115

Social security and other taxes

4,847

3,903

VAT

20,064

15,887

Other creditors

3,445

2,936

Directors' current accounts

11,134

1,134

Accrued expenses

26,729

17,113

229,834

102,828

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

6,002

Ordinary

£1

6,002

2

A Ordinary

50p

1

6,003

10.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.