Company registration number 04352067 (England and Wales)
D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
BALANCE SHEET
AS AT
30 MARCH 2025
30 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
19,266
25,266
Tangible assets
4
283,977
289,573
303,243
314,839
Current assets
Stocks
306,633
225,436
Debtors
5
120,186
341,707
Cash at bank and in hand
302,391
297,176
729,210
864,319
Creditors: amounts falling due within one year
6
(444,678)
(605,150)
Net current assets
284,532
259,169
Total assets less current liabilities
587,775
574,008
Creditors: amounts falling due after more than one year
7
(121,049)
(152,416)
Provisions for liabilities
(55,854)
(55,204)
Net assets
410,872
366,388
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
410,772
366,288
Total equity
410,872
366,388
D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
BALANCE SHEET (CONTINUED)
AS AT
30 MARCH 2025
30 March 2025
- 2 -

For the financial year ended 30 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
B Gavahan
Director
Company registration number 04352067 (England and Wales)
D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2025
- 3 -
1
Accounting policies
Company information

D.E.S. Facilities Management Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Enterprise House, Capricorn Park, Blakewater Road, Blackburn, Lancashire, BB1 5QR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors are not aware of any material uncertainties affecting the company and considertrue that the company will have sufficient resources to continue trading for the foreseeable future. As a result, the directors have continued to adopt the going concern basis in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance
Fixtures and fittings
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

1.7
Stocks

Stocks and Work in Progress is stated at the lower of cost and estimated selling price less costs to complete and sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
29
33
D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 31 March 2024 and 30 March 2025
33,000
Amortisation and impairment
At 31 March 2024
7,734
Amortisation charged for the year
6,000
At 30 March 2025
13,734
Carrying amount
At 30 March 2025
19,266
At 30 March 2024
25,266
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 31 March 2024
524,899
Additions
94,744
Disposals
(74,626)
At 30 March 2025
545,017
Depreciation and impairment
At 31 March 2024
235,326
Depreciation charged in the year
78,976
Eliminated in respect of disposals
(53,262)
At 30 March 2025
261,040
Carrying amount
At 30 March 2025
283,977
At 30 March 2024
289,573

Tangible fixed assets includes assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Plant and equipment
220,511
221,130
220,511
221,130
D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
119,409
340,881
Other debtors
777
826
120,186
341,707
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,000
10,000
Trade creditors
262,890
285,862
Corporation tax
34,080
30,304
Other taxation and social security
34,186
173,079
Other creditors
103,522
105,905
444,678
605,150

The company's bank loan is secured by the Bounce Back Loan Scheme managed by the British Business Bank.

 

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

 

Included in Other creditors are amounts due under hire purchase agreements of £68,079 (2024: £55,386).

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,714
11,714
Other creditors
119,335
140,702
121,049
152,416

Included in Other creditors are amounts due under hire purchase agreements of £119,335 (2024: £140,702).

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100

On 17 September 2024 the entire issued share capital of the company was acquired by DES Group Holdings Ltd. DES Group Holdings Ltd is a company under the control of the current directors.

D.E.S. FACILITIES MANAGEMENT GROUP LIMITED
(FORMERLEY DARWEN ELECTRICAL SERVICES LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2025
- 8 -
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
88,392
110,064
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