REGISTERED NUMBER: 01114861 (England and Wales)

Denykem Limited

Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms A J Stoner

Mrs M McGee

Mr P Stoner

SECRETARY:

Ms A J Stoner

REGISTERED OFFICE:

Unit 1

Wakefield Road

Ossett

West Yorkshire

WF5 9JA

REGISTERED NUMBER:

01114861 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

449,907

448,149

Investments

5

5,187

2,870

Investment property

6

1,220,000

1,220,000

1,675,094

1,671,019

CURRENT ASSETS

Stocks

171,638

182,054

Debtors

7

122,563

205,484

Cash at bank and in hand

334

24,690

294,535

412,228

CREDITORS

Amounts falling due within one year

8

263,685

239,251

NET CURRENT ASSETS

30,850

172,977

TOTAL ASSETS LESS CURRENT LIABILITIES

1,705,944

1,843,996

PROVISIONS FOR LIABILITIES

179,376

179,376

NET ASSETS

1,526,568

1,664,620

CAPITAL AND RESERVES

Called up share capital

9

144

144

Retained earnings

10

1,526,424

1,664,476

SHAREHOLDERS' FUNDS

1,526,568

1,664,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

Ms A J Stoner - Director

1.	STATUTORY INFORMATION

Denykem 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, but including carriage charges and after making appropriate provisions for foreign exchange rate losses and gains.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Listed investments

All listed investments are valued at their current market value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes materials, direct labour and an attributable portion of manufacturing overheads based on normal levels of activity. Net realisable value is based on estimated selling price less further costs expected to be incurred to completion and disposal.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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 taxation

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.

The assets of the scheme are held separately from those of the company in independently administered funds.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

867,484

269,391

24,930

Additions

-

2,515

-

Disposals

-

(3,122

)

(405

)

At 31 December 2025

867,484

268,784

24,525

DEPRECIATION

At 1 January 2025

498,871

205,409

13,591

Charge for year

13,356

6,582

1,140

Eliminated on disposal

-

(2,876

)

(204

)

At 31 December 2025

512,227

209,115

14,527

NET BOOK VALUE

At 31 December 2025

355,257

59,669

9,998

At 31 December 2024

368,613

63,982

11,339

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

44,584

33,873

1,240,262

Additions

29,675

-

32,190

Disposals

(44,584

)

(742

)

(48,853

)

At 31 December 2025

29,675

33,131

1,223,599

DEPRECIATION

At 1 January 2025

43,134

31,108

792,113

Charge for year

6,813

696

28,587

Eliminated on disposal

(43,269

)

(659

)

(47,008

)

At 31 December 2025

6,678

31,145

773,692

NET BOOK VALUE

At 31 December 2025

22,997

1,986

449,907

At 31 December 2024

1,450

2,765

448,149

Included in cost of land and buildings is freehold land of £ 200,000 (2024 - £ 200,000 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 January 2025

2,870

Revaluations

2,317

At 31 December 2025

5,187

NET BOOK VALUE

At 31 December 2025

5,187

At 31 December 2024

2,870

Cost or valuation at 31 December 2025 is represented by:

Listed

investments

£

Valuation in 2016

(3,820

)

Valuation in 2018

(904

)

Valuation in 2019

562

Valuation in 2020

(1,356

)

Valuation in 2021

538

Valuation in 2022

(161

)

Valuation in 2023

111

Valuation in 2024

440

Valuation in 2025

2,317

Cost

7,460

5,187

The quoted investments are held with Lloyds Bank.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

1,220,000

NET BOOK VALUE

At 31 December 2025

1,220,000

At 31 December 2024

1,220,000

The investment property was last valued by the directors in January 2021 based on obtaining appropriate professional guidance. The directors are of the opinion that the valuation remains appropriate as at 31 December 2025.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2015

236,094

Valuation in 2019

10,311

Valuation in 2020

(3,750

)

Valuation in 2021

595,000

Cost

382,345

1,220,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

99,633

202,858

Other debtors

19,990

-

VAT

1,045

1,247

Prepayments and accrued income

1,895

1,379

122,563

205,484

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,274

4,354

Trade creditors

74,809

118,499

Corporation tax

-

12,390

Social security and other taxes

6,760

4,517

Directors' current accounts

155,908

82,821

Accruals and deferred income

23,934

16,670

263,685

239,251

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

144

Ordinary

£1

144

144

10.

RESERVES

Included in retained earnings at 31 December 2025 is an amount of £821,868 (2024: £819,551) which is not distributable. This relates to an accumulated increase in the fair value of investments and investment property, net of deferred tax.

11.	ULTIMATE CONTROLLING PARTY