Registration number: 03452783

Decrobond Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Decrobond Limited

(Registration number: 03452783)
Balance Sheet as at 31 March 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		352,255		288,149
Current assets
Stocks	5	181,395		180,395
Debtors	6	809,338		924,965
Cash at bank and in hand		312,638		248,348
		1,303,371		1,353,708
Creditors: Amounts falling due within one year	7	(1,110,357)		(1,063,208)
Net current assets			193,014		290,500
Total assets less current liabilities			545,269		578,649
Creditors: Amounts falling due after more than one year	7		(79,332)		(133,151)
Provisions for liabilities			(77,119)		(57,444)
Net assets			388,818		388,054
Capital and reserves
Called up share capital		1		1
Profit and loss account		388,817		388,053
Total equity			388,818		388,054

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

......................................... Mr S.D. Jewitt Director

Decrobond Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit B
Eurolink Industrial Estate
Mildred Sylvester Way
Normanton
West Yorkshire
WF6 1TA
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis. The Directors have considered the funding facilities available to the Company along with the forecast trading performance for at least twelve months following the approval of these financial statements and continue to adopt the going concern basis in the preparation of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Government grants

Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Decrobond Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% - 25% on a reducing balance basis
Office equipment and software	10% - 25% on a straight line basis

Research and development costs

Research and development expenditure is expensed through the profit and loss account as incurred unless it can be demonstrated the expenditure will generate future economic benefit and its cost can be reliably measured. Such expenditure may be capitalised and amortised over its expected useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Decrobond Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2024 - 26).

4	Tangible assets

	Office equipment and software £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	85,112	95,262	363,873	544,247
Additions	12,408	46,680	70,393	129,481
At 31 March 2025	97,520	141,942	434,266	673,728
Depreciation
At 1 April 2024	43,193	33,381	179,524	256,098
Charge for the year	13,411	24,147	27,817	65,375
At 31 March 2025	56,604	57,528	207,341	321,473
Carrying amount
At 31 March 2025	40,916	84,414	226,925	352,255
At 31 March 2024	41,919	61,881	184,349	288,149

5

Stocks

	2025 £	2024 £
Closing stocks and Work In Progress	181,395	180,395

6

Debtors

Current	2025 £	2024 £
Trade debtors	604,599	503,021
Amounts owed by related parties	185,674	348,894
Other debtors	15,128	66,812
Prepayments	3,937	6,238
	809,338	924,965

Decrobond Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Loans and borrowings	345,852	475,715
Trade creditors	654,266	475,047
Taxation and social security	90,085	84,934
Other creditors	20,154	27,512
	1,110,357	1,063,208

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	79,332	133,151

Creditors include bank loans and borrowings and net obligations under finance lease and hire purchase contracts which are secured of £425,184 (2024 - £608,866). Bank loans and borrowings are secured by a fixed and floating charge over the assets of the company. Finance lease and hire purchase contracts are secured upon the assets to which they relate.

8	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £287,352 (2024 - £375,768). Financial commitments comprise £287,352 relating to operating lease commitments expiring in June 2028.

9	Parent and ultimate parent undertaking

The company's immediate parent is DCB Holdings Limited, incorporated in England and Wales.