REGISTERED NUMBER: 13751378 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st December 2024

for

M. E. Damsell Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

M A Truman

Mrs C F Truman

M Truman

L E Truman

REGISTERED OFFICE:

Rose Cottage

Lydney Road

Bream

Lydney

Gloucestershire

GL15 6EW

REGISTERED NUMBER:

13751378 (England and Wales)

ACCOUNTANTS:

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Tangible assets

4

240,770

276,105

CURRENT ASSETS

Stocks

5

14,220

10,460

Debtors

6

98,806

112,216

Cash at bank

112,426

136,731

225,452

259,407

CREDITORS

Amounts falling due within one year

7

370,865

412,706

NET CURRENT LIABILITIES

(145,413

)

(153,299

)

TOTAL ASSETS LESS CURRENT LIABILITIES

95,357

122,806

PROVISIONS FOR LIABILITIES

8

44,727

52,460

NET ASSETS

50,630

70,346

CAPITAL AND RESERVES

Called up share capital

9

400

400

Retained earnings

10

50,230

69,946

SHAREHOLDERS' FUNDS

50,630

70,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 and authorised for issue by the Board of Directors and authorised for issue on 16th September 2025 and were signed on its behalf by:

M A Truman - Director

1.	STATUTORY INFORMATION

M. E. Damsell 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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.

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 11 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

288,698

22,344

80,254

840

392,136

Additions

2,810

-

21,500

-

24,310

At 31st December 2024

291,508

22,344

101,754

840

416,446

DEPRECIATION

At 1st January 2024

92,166

8,044

15,704

117

116,031

Charge for year

39,512

2,860

17,033

240

59,645

At 31st December 2024

131,678

10,904

32,737

357

175,676

NET BOOK VALUE

At 31st December 2024

159,830

11,440

69,017

483

240,770

At 31st December 2023

196,532

14,300

64,550

723

276,105

5.

STOCKS

31.12.24

31.12.23

£

£

Stocks

14,220

10,460

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

72,926

89,421

Prepayments

25,880

22,795

98,806

112,216

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

41,447

39,038

Tax

41,351

42,260

Social security and other taxes

4,525

3,479

VAT

28,881

15,548

Directors' current accounts

248,006

306,565

Accrued expenses

6,655

5,816

370,865

412,706

8.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

44,727

52,460

Deferred

tax

£

Balance at 1st January 2024

52,460

Credit to Income Statement during year

(7,733

)

Balance at 31st December 2024

44,727

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

400

Ordinary

£1

400

400

10.

RESERVES

Retained

earnings

£

At 1st January 2024

69,946

Profit for the year

100,284

Dividends

(120,000

)

At 31st December 2024

50,230

11.	RELATED PARTY DISCLOSURES

The directors each received dividends of £30,000.

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling shareholder.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

16th September 2025