IRIS Accounts Production
v18.3.1.65
01212067
Board of Directors
1.6.17
31.5.18
31.5.18
5/2/2019
false
true
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Auditors Opinion
Ordinary
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01212067
2017-05-31
01212067
2018-05-31
01212067
2017-06-01
2018-05-31
01212067
2016-05-31
01212067
2016-06-01
2017-05-31
01212067
2017-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
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2018-05-31
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2018-05-31
01212067
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2017-05-31
01212067
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2018-05-31
01212067
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2017-05-31
01212067
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2018-05-31
01212067
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2017-05-31
01212067
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2017-06-01
2018-05-31
01212067
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2017-06-01
2018-05-31
01212067
ns5:PlantMachinery
2017-05-31
01212067
ns5:ComputerEquipment
2017-05-31
01212067
ns5:PlantMachinery
2018-05-31
01212067
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2018-05-31
01212067
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2017-05-31
01212067
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2017-05-31
01212067
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01212067
ns5:CurrentFinancialInstruments
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2017-05-31
01212067
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2018-05-31
01212067
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2017-05-31
01212067
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2017-06-01
2018-05-31
REGISTERED NUMBER:
01212067
(England and Wales)
|
FOR THE YEAR ENDED 31 MAY 2018
|
Notes to the Financial Statements
|
3
|
|
|
SECRETARY:
|
Mrs H M Hornett |
|
REGISTERED OFFICE:
|
73 Ferry Lane South
|
|
REGISTERED NUMBER:
|
01212067 (England and Wales)
|
|
AUDITORS:
|
Sargeant Partnership
|
Tangible assets
|
4
|
164
|
|
223
|
|
|
Cash at bank and in hand
|
53,330
|
|
248,550
|
|
|
Amounts falling due within one year
|
7
|
62,541
|
|
224,468
|
|
|
NET CURRENT ASSETS
|
101,743
|
|
94,840
|
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES
|
101,907
|
|
95,063
|
|
|
Called up share capital
|
8
|
100
|
|
100
|
|
|
Retained earnings
|
9
|
101,807
|
|
94,963
|
|
|
SHAREHOLDERS' FUNDS
|
101,907
|
|
95,063
|
|
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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 on
5 February 2019 and were signed on its
behalf by:
|
|
D.B.M. Chemicals 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
|
|
Basis of preparing the financial statements
|
|
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
|
|
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose
|
|
related party transactions with wholly owned subsidiaries within the group.
|
|
Turnover is measured at the fair value of the consideration received or receivable, excluding
|
|
discounts, rebates, value added tax and other sales taxes.
|
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Plant and machinery
|
-
|
25% per annum on reducing balance |
|
Computer equipment
|
-
|
25% per annum on reducing balance |
|
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
|
|
obsolete and slow moving items.
|
|
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
|
|
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 is recognised in respect of all timing differences that have originated but not reversed at
|
|
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
|
|
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
|
|
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
|
|
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
|
3.
|
EMPLOYEES AND DIRECTORS
|
|
The average number of employees during the year was
3 (2017 -
3 ) .
|
|
machinery
|
|
equipment
|
|
Totals
|
|
and 31 May 2018
|
10,154
|
|
4,485
|
|
14,639
|
|
|
|
At 1 June 2017
|
10,064
|
|
4,352
|
|
14,416
|
|
|
|
At 31 May 2018
|
10,088
|
|
4,387
|
|
14,475
|
|
|
|
At 31 May 2017
|
90
|
|
133
|
|
223
|
|
|
6.
|
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Trade debtors
|
44,293
|
|
27,944
|
|
|
|
Amounts owed by group undertakings
|
20,000
|
|
-
|
|
|
|
Other debtors
|
18,712
|
|
5,411
|
|
|
7.
|
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Trade creditors
|
1,273
|
|
42,281
|
|
|
|
Amounts owed to group undertakings
|
-
|
|
55,000
|
|
|
|
Taxation and social security
|
1,706
|
|
3,101
|
|
|
|
Other creditors
|
59,562
|
|
124,086
|
|
|
8.
|
CALLED UP SHARE CAPITAL
|
|
Allotted, issued and fully paid:
|
|
Number:
|
Class:
|
Nominal
|
2018
|
2017
|
|
|
100
|
Ordinary
|
£1.00
|
100 |
|
100 |
|
|
|
Profit for the year
|
6,844
|
|
|
10.
|
DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
|
|
The Report of the Auditors was unqualified.
|
|
Gary Sargeant (Senior Statutory Auditor)
|
|
for and on behalf of
Sargeant Partnership |
11.
|
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
|
|
At the balance sheet date the Company owed the director Mr J Hornett £529 (2017: £529).
|
12.
|
ULTIMATE CONTROLLING PARTY
|
|
The ultimate controlling party is Hornett Brothers and Co Limited by virtue of the shareholding.
|