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Registered number: 07090678
Damar Webbing Solutions Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2025
Lockwood & Co
7 Bell Yard
London
Greater London
WC2A 2JR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07090678
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,000 1,000
Tangible Assets 5 35,246 29,904
36,246 30,904
CURRENT ASSETS
Stocks 6 124,855 117,730
Debtors 7 136,157 70,845
Cash at bank and in hand 99,829 84,580
360,841 273,155
Creditors: Amounts Falling Due Within One Year 8 (149,180 ) (119,901 )
NET CURRENT ASSETS (LIABILITIES) 211,661 153,254
TOTAL ASSETS LESS CURRENT LIABILITIES 247,907 184,158
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (6,946 ) (5,683 )
NET ASSETS 240,961 178,475
CAPITAL AND RESERVES
Called up share capital 11 101 101
Profit and Loss Account 240,860 178,374
SHAREHOLDERS' FUNDS 240,961 178,475
Page 1
Page 2
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Leslie Smith
Director
Mr Darren Graham Smith
Director
24th March 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Damar Webbing Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07090678 . The registered office is Peak House, 1 Peak Business Park, Foxwood Road, Chesterfield, Derbyshire, S41 9RF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009 is not currently being depreciated.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 33% on reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2024: 11)
10 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2024 1,000
As at 30 November 2025 1,000
Net Book Value
As at 30 November 2025 1,000
As at 1 December 2024 1,000
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2024 40,666 15,270 32,603 11,511 100,050
Additions 6,583 - 1,312 5,471 13,366
As at 30 November 2025 47,249 15,270 33,915 16,982 113,416
Depreciation
As at 1 December 2024 27,261 14,411 19,543 8,931 70,146
Provided during the period 2,998 215 2,155 2,656 8,024
As at 30 November 2025 30,259 14,626 21,698 11,587 78,170
Net Book Value
As at 30 November 2025 16,990 644 12,217 5,395 35,246
As at 1 December 2024 13,405 859 13,060 2,580 29,904
6. Stocks
2025 2024
£ £
Materials 124,855 117,730
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 127,146 62,403
Other debtors 9,011 8,442
136,157 70,845
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 53,724 43,019
Other creditors 40,398 48,007
Taxation and social security 55,058 28,875
149,180 119,901
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9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 6,946 5,683
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 December 2024 5,683 5,683
Deferred taxation 1,263 1,263
Balance at 30 November 2025 6,946 6,946
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 101 101
Page 6