REGISTERED NUMBER: 01088395 (England and Wales)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
FOR
DEUBLIN LIMITED
DEUBLIN LIMITED (REGISTERED NUMBER: 01088395)
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
Page
Company Information
Statement of Financial Position 2
Notes to the Financial Statements 3
DEUBLIN LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023
DIRECTORS: Mr DR Ralph
Mr L Ramplin
Mr F K B Reimold
Mr R Rauch
REGISTERED OFFICE: 6 Sopwith Park
Royce Close
Andover
Hampshire
SP10 3TS
REGISTERED NUMBER: 01088395 (England and Wales)
AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD
Page 1
DEUBLIN LIMITED (REGISTERED NUMBER: 01088395)
STATEMENT OF FINANCIAL POSITION
31 St DECEMBER 2023
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,414 3,791
CURRENT ASSETS
Stocks 124,742 173,744
Debtors 5 471,868 629,837
Cash at bank and in hand 472,397 332,263
1,069,007 1,135,844
CREDITORS
Amounts falling due within one year 6 552,134 469,620
NET CURRENT ASSETS 516,873 666,224
TOTAL ASSETS LESS CURRENT
LIABILITIES 519,287 670,015
PROVISIONS FOR LIABILITIES 67,031 64,079
NET ASSETS 452,256 605 936
CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 452,156 605,836
SHAREHOLDERS'FUNDS 452,256 605 936
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 Statement of Income and Retained Earnings has not been
delivered.
The financial statements were approved by the Board of Directors and authorised for issue on 11th April 2024 and were signed on
its behalf by:
Mr L Ramplin - Director
The notes form part of these financial statements
Page 2
DEUBLIN LIMITED (REGISTERED NUMBER: 01088395)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
1. STATUTORY INFORMATION
Deublin 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.
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.
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting
estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The financial statements have been prepared on the going concern basis, as the directors believe that the company is in a
stable position.
The company holds strong levels of cash & reserves and maintains strong leadership. There are also relatively low fixed
costs and the company has the ability to react to market conditions by varying pricing and if necessary, reducing the fixed
costs of the business to match the market.
The following accounting policies have been applied.
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue
can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is
recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
1) the company has transferred the significant risks and rewards of ownership to the buyer;
2) the company retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
3) the amount of revenue can be measured reliably;
4) it is probable that the company will receive the consideration due under the transaction; and
5) the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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DEUBLIN LIMITED (REGISTERED NUMBER: 01088395)
NOTES TO THE FINANCIAL STATEMENTS· continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
2. ACCOUNTING POLICIES· continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold Over the term of the lease
Plant and machinery 15% straight line
Fixtures and fittings 15% straight line
Motor vehicles 25% straight line
Computer equipment 25% straight line
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any
accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the
location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the company assesses whether there is an indication of impairment. If such indication exists, the
recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An
impairment loss is recognised where the carrying amount exceeds the recoverable amount.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate,
or if there ia an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in
the Statement of income and retained earnings.
Stocks
Stocks are stated at the lower of cost and net realisable value. being the estimated selling price less costs to complete and
sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour
and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its
selling price less costs to complete and sell. The impairment loss is recognised immediately on profit or loss.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, 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 statement of financial position date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of
financial position 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.
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DEUBLIN LIMITED (REGISTERED NUMBER: 01088395)
NOTES TO THE FINANCIAL STATEMENTS· continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
2. ACCOUNTING POLICIES· continued
Foreign currencies
The company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the
transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at
historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at
fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end
exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of
income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.
Operating leases: the company as lessee
Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight line basis
over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the
lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the
leased asset.
The company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease
incentives on leases entered into before the date of transition to the standard on 1 January 2015 to continue to be charged
over the period to the first market rent review rather than over the term of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under
which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has
no further payment obligations.
The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due.
Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held
separately from the company in independently administered funds.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as
either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a
residual interest in the assets of the company after deducting all of its liabilities.
Operating lease agreements
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.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more
than 24 hours.
Creditors
Short term creditors are measured at the transaction price.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 9 (2022 - 8 ) .
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DEUBLIN LIMITED (REGISTERED NUMBER: 01088395!
NOTES TO THE FINANCIAL STATEMENTS· continued
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4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1st January 2023 50,302 74,591 31,183
Additions
Disposals
At 31 st December 2023 50,302 74,591 31,183
DEPRECIATION
At 1st January 2023 50,302 74,576 31,183
Charge for year 15
Elirninaled on disposal
At 31 st December 2023 50,302 74,591 31,183
NET BOOK VALUE
At 31 st December 2023
At 31 st December 2022 15
Motor Computer
vehicles equipment Totals
£ £ £
COST
Al 1sl January 2023 49,420 9,464 214,960
Additions 714 714
Disposals (21,790) (21,790)
At 31 st December 2023 27,630 10,178 193,884
DEPRECIATION
Al 1sl January 2023 48,845 6,263 211,169
Charge for year 575 1,501 2,091
Eliminated on disposal (21,790) (21,790)
At 31 st December 2023 27,630 7,764 191,470
NET BOOK VALUE
Al 31 sl December 2023 2 414 2 414
At 31 st December 2022 575 3 201 3 791
5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 420,273 471,236
Amounts owed by group undertakings 21,931 137,512
Other debtors 29,664 21,089
471,868 629,837
Included within other debtors is £15,452 in respect of prepayments and accrued income (2022: £13,978).
Page 6 continued ...
DEUBLIN LIMITED (REGISTERED NUMBER: 01088395)
NOTES TO THE FINANCIAL STATEMENTS· continued
FOR THE YEAR ENDED 31ST DECEMBER 2023
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 22,302 17,240
Amounts owed to group undertakings 66,902 1,861
Taxation and social security 190,120 221,877
Other creditors 272,810 228,642
552,134 469,620
Included in other creditors is £171,045 in respect of accruals and deferred income (2022: £45,778).
7. CALLED UP SHARE CAPITAL
Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1.00 100 100
8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
The Report of the Auditors was unqualified.
Neil Raynsford (Senior Slatutory Auditor)
for and on behalf of Langdowns DFK Limited
9. OTHER FINANCIAL COMMITMENTS
Total future financial commitments, guarantees and contingencies which are nol included in the balance sheet amount to
£66,601 (2022: £84,835). This amount is in relation to operating lease commitments which are payable over the next one to
four years (2022: one to four years).
10. RELATED PARTY DISCLOSURES
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with
group companies where any subsidiary that is party to the transaction is wholly owned within the group or where
transactions have been undertaken under normal market conditions.
11. ULTIMATE CONTROLLING PARTY
The parent undertaking of this company is Deublin Holding GmbH (incorporated in Switzerland). The company's registered
office is Baarerstrasse 18, 6302 Zug, Switzerland.
The ultimate parent undertaking is The Hoerbiger Foundation (incorporated in Switzerland) and the registered office
address is as above.
Page 7
This document was delivered using electronic communications and authenticated in
accordance with the registrar's rules relating to electronic form, authentication and
manner of delivery under section 1072 of the Companies Act 2006.
