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Registration number: 08353405

Decomet Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Decomet Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Decomet Limited

Company Information

Director: | Mr G J Blunden

Registered office: | James Gilbert And Son 129 The Vale Acton London W3 7RQ

Registered number: | 08353405

Accountants: | Wem & Co Chartered Accountants Savoy House Savoy Circus London W3 7DA

Decomet Limited

(Registration number: 08353405)
Balance Sheet as at 31 March 2025

| Note | 31.03.25 | 31.03.24
|  | £ | £ | £ | £
FIXED ASSETS |  |  |  |  |
Intangible assets | 4 |  | - |  | 10,000
Tangible assets | 5 |  | 928 |  | -
|  |  | 928 |  | 10,000
CURRENT ASSETS |  |  |  |  |
Stocks | 7 | 35,482 |  | 30,440 |
Debtors | 8 | 21,744 |  | 10,248 |
Other financial assets | 6 | 72,471 |  | 66,060 |
Cash at bank and in hand |  | 1,039,749 |  | 759,672 |
|  | 1,169,446 |  | 866,420 |
CREDITORS |  |  |  |  |
Creditors within 1yr | 9 | 407,353 |  | 252,873 |
Net current assets |  |  | 762,093 |  | 613,547
Net assets |  |  | 763,021 |  | 623,547
CAPITAL AND RESERVES |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | 762,921 |  | 623,447
Shareholders' funds |  |  | 763,021 |  | 623,547

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.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 March 2026

......................................... Mr G J Blunden Director

Decomet 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 and Wales .

The address of its registered office is:
James Gilbert And Son
129 The Vale
Acton
London
W3 7RQ
England

These financial statements were authorised for issue by the director on 13 March 2026.

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

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

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 sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed asset 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.

Decomet Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

Tax

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | Straight line over 3 years
Intangible assets | Straight line over 3 years

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of five 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method.
Dividends on equity securities are recognised in income when receivable.

Decomet Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2 | Accounting policies (continued)

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.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. 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.

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.

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.

3. | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 5).

4. | Intangible assets

| Goodwill £ | Website costs £ | Total £
Cost or valuation
At 1 April 2024 | 200,000 | 30,000 | 230,000
At 31 March 2025 | 200,000 | 30,000 | 230,000
Amortisation
At 1 April 2024 | 200,000 | 20,000 | 220,000
Amortisation charge | - | 10,000 | 10,000
At 31 March 2025 | 200,000 | 30,000 | 230,000
Carrying amount
At 31 March 2025 | - | - | -
At 31 March 2024 | - | 10,000 | 10,000

Decomet Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5. | Tangible assets

| Plant and machinery £ | Total £
Cost or valuation
At 1 April 2024 | 7,662 | 7,662
Additions | 1,392 | 1,392
At 31 March 2025 | 9,054 | 9,054
Depreciation
At 1 April 2024 | 7,662 | 7,662
Charge for the year | 464 | 464
At 31 March 2025 | 8,126 | 8,126
Carrying amount
At 31 March 2025 | 928 | 928

Decomet Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6. | Other financial assets (current and non-current)

| Total £
Current financial assets
Cost or valuation
At 1 April 2024 | 66,060
Fair value adjustments | 6,411
At 31 March 2025 | 72,471
Carrying amount
At 31 March 2025 | 72,471

7. | Stocks

| 31.03.25 £ | 31.03.24 £
Other inventories | 35,482 | 30,440

8. | Debtors

Current | 31.03.25 £ | 31.03.24 £
Trade debtors | 7,053 | 8,522
Prepayments | 1,989 | 1,726
Other debtors | 12,702 | -
| 21,744 | 10,248

Decomet Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

9. | Creditors

Creditors: amounts falling due within one year

| 31.03.25 £ | 31.03.24 £
Due within one year |  |
Trade creditors | 70,756 | 78,410
Taxation and social security | 104,908 | 52,624
Accruals and deferred income | 126,754 | 3,350
Other creditors | 104,935 | 118,489
| 407,353 | 252,873

Included in other creditors is amount of £104,926 owed to the director on which no interest or repayment terms have been set.