Company registration number 05046127 (England and Wales)
DURHAM INDUSTRIAL ABRASIVES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
DURHAM INDUSTRIAL ABRASIVES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
DURHAM INDUSTRIAL ABRASIVES LTD
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,404
2,416
Current assets
Stocks
10,465
9,715
Debtors
5
25,615
47,186
Cash at bank and in hand
14,417
25,521
50,497
82,422
Creditors: amounts falling due within one year
6
(43,387)
(70,841)
Net current assets
7,110
11,581
Total assets less current liabilities
9,514
13,997
Provisions for liabilities
7
(457)
(448)
Net assets
9,057
13,549
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
8,957
13,449
Total equity
9,057
13,549

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 30 June 2026
Mr S Turnbull
Director
Company registration number 05046127 (England and Wales)
DURHAM INDUSTRIAL ABRASIVES LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 2 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Durham Industrial Abrasives Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 45 Coptleigh, Houghton Le Spring, Tyne And Wear, United Kingdom, DH5 8JE.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

2.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
15% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

DURHAM INDUSTRIAL ABRASIVES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
2
Accounting policies
(Continued)
- 3 -
2.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

DURHAM INDUSTRIAL ABRASIVES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
2
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
3
2
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2025
976
13,051
14,027
Additions
-
0
875
875
At 31 March 2026
976
13,926
14,902
Depreciation and impairment
At 1 April 2025
976
10,635
11,611
Depreciation charged in the year
-
0
887
887
At 31 March 2026
976
11,522
12,498
Carrying amount
At 31 March 2026
-
0
2,404
2,404
At 31 March 2025
-
0
2,416
2,416
DURHAM INDUSTRIAL ABRASIVES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
24,744
46,315
Other debtors
871
871
25,615
47,186
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
17,401
32,535
Corporation tax
16,239
8,794
Other taxation and social security
6,868
11,013
Other creditors
2,879
18,499
43,387
70,841
7
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
8
457
448
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2026
2025
Balances:
£
£
Accelerated capital allowances
457
448
2026
Movements in the year:
£
Liability at 1 April 2025
448
Charge to profit or loss
9
Liability at 31 March 2026
457

The deferred tax liability set out above is expected to reverse within [12 months] and relates to accelerated capital allowances that are expected to mature within the same period.

DURHAM INDUSTRIAL ABRASIVES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
9
Directors' transactions

Dividends totalling £34,000 (2025 - £29,000) were paid in the year in respect of shares held by the company's directors.

2026-03-31 2025-04-01 false false false 30 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr S Turnbull Mrs C Turnbull 2026-06-30 05046127 2025-04-01 2026-03-31 05046127 2026-03-31 05046127 2025-03-31 05046127 core:PlantMachinery 2026-03-31 05046127 core:FurnitureFittings 2026-03-31 05046127 core:PlantMachinery 2025-03-31 05046127 core:FurnitureFittings 2025-03-31 05046127 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 05046127 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 05046127 core:WithinOneYear 2026-03-31 05046127 core:WithinOneYear 2025-03-31 05046127 core:CurrentFinancialInstruments 2026-03-31 05046127 core:CurrentFinancialInstruments 2025-03-31 05046127 core:ShareCapital 2026-03-31 05046127 core:ShareCapital 2025-03-31 05046127 core:RetainedEarningsAccumulatedLosses 2026-03-31 05046127 core:RetainedEarningsAccumulatedLosses 2025-03-31 05046127 bus:Director1 2025-04-01 2026-03-31 05046127 core:PlantMachinery 2025-04-01 2026-03-31 05046127 core:FurnitureFittings 2025-04-01 2026-03-31 05046127 2024-04-01 2025-03-31 05046127 core:PlantMachinery 2025-03-31 05046127 core:FurnitureFittings 2025-03-31 05046127 2025-03-31 05046127 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 05046127 bus:FRS102 2025-04-01 2026-03-31 05046127 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 05046127 bus:CompanySecretary1 2025-04-01 2026-03-31 05046127 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 05046127 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP