Company registration number 04349809 (England and Wales)
Donut International Limited
Unaudited financial statements
for the year ended 31 March 2025
Pages for filing with registrar
Donut International Limited
Chartered Accountants' report to the board of directors on the preparation of the
unaudited statutory financial statements of Donut International Limited
1
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Donut International Limited for the year ended 31 March 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-june-2020.
This report is made solely to the board of directors of Donut International Limited, as a body, in accordance with the terms of our engagement letter dated 16 April 2010. Our work has been undertaken solely to prepare for your approval the financial statements of Donut International Limited and state those matters that we have agreed to state to the board of directors of Donut International Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Donut International Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Donut International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Donut International Limited. You consider that Donut International Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Donut International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
James Milne
Chartered Accountants
5 Bon Accord Square
Aberdeen
AB11 6XZ
14 July 2025
Donut International Limited
Statement of financial position
as at 31 March 2025
2
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
2
36,540
49,035
Investments
3
372,459
36,540
421,494
Current assets
Stocks
60,470
50,054
Debtors
571,243
587,987
Cash at bank and in hand
804,692
620,906
1,436,405
1,258,947
Creditors: amounts falling due within one year
(189,973)
(432,978)
Net current assets
1,246,432
825,969
Total assets less current liabilities
1,282,972
1,247,463
Provisions for liabilities
(8,097)
(7,964)
Net assets
1,274,875
1,239,499
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,274,775
1,239,399
Total equity
1,274,875
1,239,499
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Donut International Limited
Statement of financial position (continued)
as at 31 March 2025
3
The financial statements were approved by the board of directors and authorised for issue on 11 July 2025 and are signed on its behalf by:
John F. Hayhurst (Snr)
John F. Hayhurst (Jnr)
Director
Director
Company Registration No. 04349809
Donut International Limited
Notes to the financial statements
for the year ended 31 March 2025
4
1
Accounting policies
Company information
Donut International Limited is a private company limited by shares incorporated in England and Wales. The registered office is 328 Bramhall Lane South, Bramhall, Stockport, Cheshire, SH7 3DL.
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.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents revenue recognised in the accounts. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services, and excludes value added tax.
1.3
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
3 and 5 years straight line
Motor vehicles
25% reducing balance
Tenant's Improvements
4 years straight line
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.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Donut International Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
1
Accounting policies (continued)
5
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
1.6
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 income statement 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.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Donut International Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
6
2
Tangible fixed assets
Total
£
Cost
At 1 April 2024
118,302
Additions
8,590
Disposals
(16,840)
At 31 March 2025
110,052
Depreciation and impairment
At 1 April 2024
69,267
Depreciation charged in the year
21,085
Eliminated in respect of disposals
(16,840)
At 31 March 2025
73,512
Carrying amount
At 31 March 2025
36,540
At 31 March 2024
49,035
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
372,459
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024 & 31 March 2025
372,459
Impairment
At 1 April 2024
-
Impairment losses
372,459
At 31 March 2025
372,459
Carrying amount
At 31 March 2025
-
At 31 March 2024
372,459
Donut International Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
7
4
Parent company
The parent company and controlling related party is Donut Safety Systems Limited. The ultimate controlling related party is John F. Hayhurst (Snr), director, who together with members of his close family, controls the company by virtue of a controlling interest (directly or indirectly) in the parent company.