Darap Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07587220 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

FOR

DARAP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R J Pawley

Mr D A Adams

Mr P Jackson

Mr R J Dooley

Mr H B Jackson

REGISTERED OFFICE:

12 Romney Place

Maidstone

Kent

ME15 6LE

REGISTERED NUMBER:

07587220 (England and Wales)

ACCOUNTANTS:

Mackenzies Accountants Limited

Chartered Accountants

12 Romney Place

Maidstone

Kent

ME15 6LE

FIXED ASSETS

Investments

4

6

6

CURRENT ASSETS

Cash at bank

623,993

998,621

CREDITORS

Amounts falling due within one year

5

3

400,003

NET CURRENT ASSETS

623,990

598,618

TOTAL ASSETS LESS CURRENT LIABILITIES

623,996

598,624

CAPITAL AND RESERVES

Called up share capital

6

3,000

3,000

Retained earnings

7

620,996

595,624

SHAREHOLDERS' FUNDS

623,996

598,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2021 and were signed on its behalf by:

Mr R J Pawley - Director

1.	STATUTORY INFORMATION

Darap 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2020

and 31 March 2021

6

NET BOOK VALUE

At 31 March 2021

6

At 31 March 2020

6

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Eclipse (Distributors) Limited

Registered office: 12 Romney Place, Maidstone, Kent, ME15 6LE

Nature of business: Electrical Components Distribution

%

Class of shares:

holding

Ordinary £1 shares

100.00

2021

2020

£

£

Aggregate capital and reserves

746,253

789,507

Profit for the year

499,795

324,848

Synergy Lighting Limited

Registered office: 12 Romney Place, Maidstone, Kent, ME15 6LE

Nature of business: Electrical Components Distribution

%

Class of shares:

holding

Ordinary £1 shares

100.00

2021

2020

£

£

Aggregate capital and reserves

450,009

465,955

Profit for the year

334,052

291,440

Meltek (Leicester) Limited

Registered office: 12 Romney Place, Maidstone, Kent, ME15 6LE

Nature of business: Dormant Company

%

Class of shares:

holding

Ordinary £1 shares

100.00

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to group undertakings

-

400,000

Other creditors

3

3

3

400,003

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

1

Ordinary F

£1

1

1

1

Ordinary G

£1

1

1

1

Ordinary H

£1

1

1

1

Ordinary I

£1

1

1

2,991

Ordinary

£1

2,991

2,991

3,000

3,000

7.

RESERVES

Retained

earnings

£

At 1 April 2020

595,624

Profit for the year

800,000

Dividends

(774,628

)

At 31 March 2021

620,996

8.	RELATED PARTY DISCLOSURES

During the year the following loans were repaid in full by subsidiary companies as follows:

- Eclipse (Distributors) Limited £250,000;

- Synergy Lighting Limited £150,000.

Dividends totalling £774,628 (2020: £402,674) were paid to companies controlled by the directors.

9.	ULTIMATE CONTROLLING PARTY

There was no individual ultimate controlling party throughout the period under review. The directors, Mr R Pawley, Mr D Adams and Mr P Jackson, between them own 70% of the share capital of the ultimate parent companies.