| REGISTERED NUMBER: 07902162 (England and Wales) |
| Group Strategic Report, Report of the Director and |
| Consolidated Financial Statements for the Year Ended 31 January 2025 |
| for |
| D.B. Ramsden Holdings Limited |
| REGISTERED NUMBER: 07902162 (England and Wales) |
| Group Strategic Report, Report of the Director and |
| Consolidated Financial Statements for the Year Ended 31 January 2025 |
| for |
| D.B. Ramsden Holdings Limited |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Contents of the Consolidated Financial Statements |
| for the Year Ended 31 January 2025 |
| Page |
| Company Information | 1 |
| Group Strategic Report | 2 |
| Report of the Director | 4 |
| Report of the Independent Auditors | 5 |
| Consolidated Income Statement | 9 |
| Consolidated Other Comprehensive Income | 10 |
| Consolidated Balance Sheet | 11 |
| Company Balance Sheet | 12 |
| Consolidated Statement of Changes in Equity | 13 |
| Company Statement of Changes in Equity | 14 |
| Consolidated Cash Flow Statement | 15 |
| Notes to the Consolidated Cash Flow Statement | 16 |
| Notes to the Consolidated Financial Statements | 18 |
| D.B. Ramsden Holdings Limited |
| Company Information |
| for the Year Ended 31 January 2025 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 8th Floor, Becket House |
| 36 Old Jewry |
| London |
| EC2R 8DD |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Group Strategic Report |
| for the Year Ended 31 January 2025 |
| The director presents his strategic report of the company and the group for the year ended 31 January 2025. |
| PRINCIPAL ACTIVITY |
| The principal activity of the group continues to be wholesale and retail distribution of consumer goods including foods, alcohol, tobacco products and household goods and the supply and maintenance of EPOS systems. |
| REVIEW OF BUSINESS |
| Despite a period marked by significant political uncertainty both domestically and internationally, the group continued to trade robustly. |
| Total sales for the year reached £59.7 million, representing an 10.03% decline compared to the previous year. This reduction was primarily driven by a fall in tobacco sales due to challenging market conditions. |
| Proactive management of supplier and customer relationships contributed to an improvement in gross margins, which increased from 10.36% to 10.91%. In parallel, operating costs were successfully reduced by 3.92%. |
| As a result, pre-tax profit (excluding exceptional items) declined modestly by 3.9%, from £1,411,534 to £1,351,454. |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| The group is exposed to a variety of financial, commercial, and operational risks. These risks are regularly assessed by the Senior Management Team (SMT) and limited where possible as part of the company's controls. |
| The wholesale sector remains highly competitive, with increasing pressure from large grocery multiples affecting pricing and margins. |
| The rise in input costs and inflation, particularly future increases to the national living wage and employer national insurance will bring costs pressure to the business and inflationary pressure to our supply chain. |
| The SMT ensures it constantly reviews its cost base to enable it to remain price competitive. |
| The risk of customer attrition is mitigated by delivering exceptional service and maintaining high product availability. |
| To ensure continuity of supply the SMT actively engages with suppliers identifying and resolving issues as they arise, the potential loss of support from suppliers is seen as a key risk. |
| To ensure sufficient liquidity is available to manage the group's activities a stringent credit policy is applied to trade debtors. |
| KEY PERFORMANCE INDICATORS |
| The SMT are all focused on the KPI’s of the business and believe that monitoring them provides an effective way to review business performance. |
| Financial KPI's are: |
| - Sales |
| - Gross Profit |
| - Operating Costs |
| - Operating Profit |
| - Stock levels |
| - Debtor days |
| Non-financial KPI's are: |
| - Staff retention |
| - Customer satisfaction |
| - Supplier satisfaction |
| - Health & safety performance |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Group Strategic Report |
| for the Year Ended 31 January 2025 |
| STRATEGY |
| Key to our future strategy is to continue to provide and maintain a high level of customer service and improving customer loyalty. Understanding the pressures on the independent retailer, we aim to provide improved service, support and value. |
| Investing in new technologies and delivery channels will assist our customers in retaining their competitiveness. |
| We continue to look for new market opportunities that will generate sustainable growth. |
| To continue to invest in our people and systems and to continually review operations and costs. |
| FUTURE DEVELOPMENTS |
| As technology is constantly evolving the group is focusing on improving our digital platforms, enhancing our online operations for both retailers and on-trade establishments. |
| Focus will continue to be given to developing new customer relationships and incentivising efficient and loyal trading relationships with existing customers. |
| ON BEHALF OF THE BOARD: |
| 14 July 2025 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Report of the Director |
| for the Year Ended 31 January 2025 |
| The director presents his report with the financial statements of the company and the group for the year ended 31 January 2025. |
| PRINCIPAL ACTIVITY |
| The principal activity of the group in the year under review was that of wholesale and retail distribution of consumer goods including foods, alcohol, tobacco products and household goods. |
| DIVIDENDS |
| The total distribution of dividends for the year ended 31 January 2025 was £455,000. |
| DIRECTOR |
| STATEMENT OF DIRECTOR'S RESPONSIBILITIES |
| The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations. |
| Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information. |
| AUDITORS |
| The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE BOARD: |
| Report of the Independent Auditors to the Members of |
| D.B. Ramsden Holdings Limited |
| Opinion |
| We have audited the financial statements of D.B. Ramsden Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 January 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the group's and of the parent company affairs as at 31 January 2025 and of the group's profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements. |
| Report of the Independent Auditors to the Members of |
| D.B. Ramsden Holdings Limited |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the parent company financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of director's remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of director |
| As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so. |
| Report of the Independent Auditors to the Members of |
| D.B. Ramsden Holdings Limited |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| Through discussion with management and those charged with governance we gained an understanding of the legal and regulatory framework applicable to the entity and the industry in which it operates, and considered the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. During the engagement team briefing we communicated the identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. |
| We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, UK GAAP (FRS102), the Companies Act 2006, tax legislations, General Data Protection Regulation and industry specific legislation such as the Consumer Rights Act 2015. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. |
| We evaluated management's incentives and opportunities for fraudulent manipulations of the financial statements (including risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates. |
| Audit procedures undertaken in response to the potential risk relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: |
| - enquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; |
| - enquiries with the same concerning any actual or potential litigation claims; |
| - reviewed risk of management override; |
| - reviewed journal entries posted with unusual account combinations; |
| - reviewed accounting estimates for bias; |
| - performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud; |
| - agreeing financial statement disclosures to underlying supporting documentation. |
| The likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| Report of the Independent Auditors to the Members of |
| D.B. Ramsden Holdings Limited |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| 8th Floor, Becket House |
| 36 Old Jewry |
| London |
| EC2R 8DD |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Consolidated Income Statement |
| for the Year Ended 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ |
| TURNOVER | 59,682,090 | 66,341,737 |
| Cost of sales | 53,171,437 | 59,468,510 |
| GROSS PROFIT | 6,510,653 | 6,873,227 |
| Administrative expenses | 5,407,113 | 5,826,480 |
| 1,103,540 | 1,046,747 |
| Other operating income | 284,112 | 302,077 |
| Gain/(loss) on revaluation |
| of investments | 29,135 | - |
| OPERATING PROFIT | 4 | 1,416,787 | 1,348,824 |
| Exceptional items | 5 | - | 1,024,465 |
| 1,416,787 | 2,373,289 |
| Interest receivable and similar income | 25,680 | 67,236 |
| 1,442,467 | 2,440,525 |
| Interest payable and similar expenses | 6 | 3,522 | 4,526 |
| PROFIT BEFORE TAXATION | 1,438,945 | 2,435,999 |
| Tax on profit | 7 | 320,958 | 345,600 |
| PROFIT FOR THE FINANCIAL YEAR |
| Profit attributable to: |
| Owners of the parent | 1,100,033 | 2,077,702 |
| Non-controlling interests | 17,954 | 12,697 |
| 1,117,987 | 2,090,399 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Consolidated Other Comprehensive Income |
| for the Year Ended 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ |
| PROFIT FOR THE YEAR | 1,117,987 | 2,090,399 |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
1,117,987 |
2,090,399 |
| Total comprehensive income attributable to: |
| Owners of the parent | 1,100,033 | 2,077,702 |
| Non-controlling interests | 17,954 | 12,697 |
| 1,117,987 | 2,090,399 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Consolidated Balance Sheet |
| 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 10 | 289,819 | 476,037 |
| Tangible assets | 11 | 305,914 | 281,923 |
| Investments | 12 | 102,439 | 73,304 |
| 698,172 | 831,264 |
| CURRENT ASSETS |
| Stocks | 13 | 3,618,900 | 3,583,258 |
| Debtors | 14 | 8,977,103 | 9,099,623 |
| Cash at bank and in hand | 510,733 | 16,730 |
| 13,106,736 | 12,699,611 |
| CREDITORS |
| Amounts falling due within one year | 15 | 5,713,662 | 6,107,493 |
| NET CURRENT ASSETS | 7,393,074 | 6,592,118 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
8,091,246 |
7,423,382 |
| CREDITORS |
| Amounts falling due after more than one year |
16 |
(10,610 |
) |
(31,716 |
) |
| PROVISIONS FOR LIABILITIES | 20 | (121,036 | ) | (95,053 | ) |
| NET ASSETS | 7,959,600 | 7,296,613 |
| CAPITAL AND RESERVES |
| Called up share capital | 21 | 9,120 | 9,120 |
| Capital redemption reserve | 22 | 2,880 | 2,880 |
| Merger reserve | 22 | (2,431 | ) | (2,431 | ) |
| Retained earnings | 22 | 7,862,319 | 7,217,286 |
| SHAREHOLDERS' FUNDS | 7,871,888 | 7,226,855 |
| NON-CONTROLLING INTERESTS | 87,712 | 69,758 |
| TOTAL EQUITY | 7,959,600 | 7,296,613 |
| The financial statements were approved by the director and authorised for issue on 14 July 2025 and were signed by: |
| N R Ramsden - Director |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Company Balance Sheet |
| 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 10 |
| Tangible assets | 11 |
| Investments | 12 |
| CURRENT ASSETS |
| Debtors | 14 |
| CREDITORS |
| Amounts falling due within one year | 15 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 21 |
| Capital redemption reserve | 22 |
| Retained earnings | 22 |
| SHAREHOLDERS' FUNDS |
| Company's profit for the financial year | 464,883 | 2,092,297 |
| The financial statements were approved by the director and authorised for issue on |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Consolidated Statement of Changes in Equity |
| for the Year Ended 31 January 2025 |
| Called up | Capital |
| share | Retained | Revaluation | redemption |
| capital | earnings | reserve | reserve |
| £ | £ | £ | £ |
| Balance at 1 February 2023 | 12,000 | 7,068,813 | 164,374 | - |
| Changes in equity |
| Total comprehensive income | - | 2,242,076 | (164,374 | ) | - |
| Dividends | - | (689,636 | ) | - | - |
| Issue of share capital | (2,880 | ) | - | - | - |
| Purchase of own shares | - | (1,403,967 | ) | - | 2,880 |
| Balance at 31 January 2024 | 9,120 | 7,217,286 | - | 2,880 |
| Changes in equity |
| Total comprehensive income | - | 1,100,033 | - | - |
| Dividends | - | (455,000 | ) | - | - |
| Balance at 31 January 2025 | 9,120 | 7,862,319 | - | 2,880 |
| Merger | Non-controlling | Total |
| reserve | Total | interests | equity |
| £ | £ | £ | £ |
| Balance at 1 February 2023 | (2,431 | ) | 7,242,756 | 57,061 | 7,299,817 |
| Changes in equity |
| Total comprehensive income | - | 2,077,702 | 12,697 | 2,090,399 |
| Dividends | - | (689,636 | ) | - | (689,636 | ) |
| Issue of share capital | - | (2,880 | ) | - | (2,880 | ) |
| Purchase of own shares | - | (1,401,087 | ) | - | (1,401,087 | ) |
| Balance at 31 January 2024 | (2,431 | ) | 7,226,855 | 69,758 | 7,296,613 |
| Changes in equity |
| Total comprehensive income | - | 1,100,033 | 17,954 | 1,117,987 |
| Dividends | - | (455,000 | ) | - | (455,000 | ) |
| Balance at 31 January 2025 | (2,431 | ) | 7,871,888 | 87,712 | 7,959,600 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Company Statement of Changes in Equity |
| for the Year Ended 31 January 2025 |
| Called up | Capital |
| share | Retained | redemption | Total |
| capital | earnings | reserve | equity |
| £ | £ | £ | £ |
| Balance at 1 February 2023 |
| Changes in equity |
| Total comprehensive income | - |
| Dividends | - | ( |
) | - | ( |
) |
| Issue of share capital | ( |
) | - | - | ( |
) |
| Purchase of own shares | - | (1,403,967 | ) | 2,880 | (1,401,087 | ) |
| Balance at 31 January 2024 |
| Changes in equity |
| Total comprehensive income | - |
| Dividends | - | ( |
) | - | ( |
) |
| Balance at 31 January 2025 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Consolidated Cash Flow Statement |
| for the Year Ended 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ |
| Cash flows from operating activities |
| Cash generated from operations | 1 | 1,645,191 | (3,959,933 | ) |
| Interest element of hire purchase payments paid |
(3,522 |
) |
(4,526 |
) |
| Tax paid | (354,645 | ) | (223,140 | ) |
| Net cash from operating activities | 1,287,024 | (4,187,599 | ) |
| Cash flows from investing activities |
| Purchase of intangible fixed assets | (110,414 | ) | (69,847 | ) |
| Purchase of tangible fixed assets | (149,350 | ) | (83,770 | ) |
| Purchase of fixed asset investments | (29,135 | ) | - |
| Sale of intangible fixed assets | 348,003 | 168,998 |
| Sale of tangible fixed assets | 82,447 | 3,061,002 |
| Revaluations of investments | 29,135 | - |
| Interest received | 25,680 | 67,236 |
| Net cash from investing activities | 196,366 | 3,143,619 |
| Cash flows from financing activities |
| Capital repayments in year | (41,443 | ) | (51,770 | ) |
| Amount introduced by directors | 460,000 | 596,804 |
| Amount withdrawn by directors | (820,187 | ) | (288,497 | ) |
| Share issue | - | (2,880 | ) |
| Purchase of own shares | - | (1,403,967 | ) |
| Equity dividends paid | (455,000 | ) | (689,636 | ) |
| Net cash from financing activities | (856,630 | ) | (1,839,946 | ) |
| Increase/(decrease) in cash and cash equivalents | 626,760 | (2,883,926 | ) |
| Cash and cash equivalents at beginning of year |
2 |
(116,027 |
) |
2,767,899 |
| Cash and cash equivalents at end of year | 2 | 510,733 | (116,027 | ) |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Cash Flow Statement |
| for the Year Ended 31 January 2025 |
| 1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Profit before taxation | 1,438,945 | 2,435,999 |
| Depreciation charges | 195,502 | 239,684 |
| Profit on disposal of fixed assets | (203,964 | ) | (67,498 | ) |
| Gain on revaluation of fixed assets | (29,135 | ) | - |
| Exceptional items | (58,356 | ) | (1,024,465 | ) |
| Finance costs | 3,522 | 4,526 |
| Finance income | (25,680 | ) | (67,236 | ) |
| 1,320,834 | 1,521,010 |
| (Increase)/decrease in stocks | (35,642 | ) | 297,926 |
| Decrease/(increase) in trade and other debtors | 540,960 | (5,468,809 | ) |
| Decrease in trade and other creditors | (180,961 | ) | (310,060 | ) |
| Cash generated from operations | 1,645,191 | (3,959,933 | ) |
| 2. | CASH AND CASH EQUIVALENTS |
| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
| Year ended 31 January 2025 |
| 31.1.25 | 1.2.24 |
| £ | £ |
| Cash and cash equivalents | 510,733 | 16,730 |
| Bank overdrafts | - | (132,757 | ) |
| 510,733 | (116,027 | ) |
| Year ended 31 January 2024 |
| 31.1.24 | 1.2.23 |
| £ | £ |
| Cash and cash equivalents | 16,730 | 2,767,899 |
| Bank overdrafts | (132,757 | ) | - |
| (116,027 | ) | 2,767,899 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Cash Flow Statement |
| for the Year Ended 31 January 2025 |
| 3. | ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS |
| At 1.2.24 | Cash flow | At 31.1.25 |
| £ | £ | £ |
| Net cash |
| Cash at bank and in hand | 16,730 | 494,003 | 510,733 |
| Bank overdrafts | (132,757 | ) | 132,757 | - |
| (116,027 | ) | 626,760 | 510,733 |
| Debt |
| Finance leases | (71,811 | ) | 41,443 | (30,368 | ) |
| (71,811 | ) | 41,443 | (30,368 | ) |
| Total | (187,838 | ) | 668,203 | 480,365 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements |
| for the Year Ended 31 January 2025 |
| 1. | STATUTORY INFORMATION |
| D.B. Ramsden Holdings Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| In preparing these financial statements, the directors have had to make judgements, estimates and assumptions that effect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historic experience and various other factors that are believed to be reasonable under the circumstances the results of which form the basis of making the judgements about carrying values of assets and liabilities. Actual results may differ from these estimates. |
| The more significant judgements, estimates and assumptions are: |
| -Useful lives of property, plant and equipment |
| Depreciation is provided so as to write down the assets to their residual values over their estimated useful lives as set out in the company's accounting policy. The selection of these estimated lives requires the exercise of management judgement. Useful lives are regularly reviewed and should management's assessment of useful lives shorten then depreciation charges in the financial statements would increase and carrying amounts of property, plant and equipment would reduce accordingly. |
| -Trade debtors |
| At each reporting date, trade debtors are assessed for recoverability. If there is any evidence of impairment, the carrying amount is reduced to its recoverable amount. The impairment loss is recognised immediately in the income statement. |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Turnover |
| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group 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: |
| - the Group has transferred the significant risks and rewards of ownership to the buyer; |
| - the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; |
| - the amount of revenue can be measured reliably; |
| - it is probable that the Group will receive the consideration due under the transaction; |
| - the costs incurred in respect of the transaction can be measured reliably. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of businesses in 2017 and 2020, is being amortised evenly over its estimated useful life of five and ten years respectively. |
| Goodwill represents the difference between the amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and Loss account over its useful economic life. Any negative goodwill is fully amortised in the year it is recognised. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Development costs are being amortised on a straight line basis at rates of 16.67% and 45%. |
| Computer software is being amortised evenly over its estimated useful life of six years. |
| Tangible fixed assets |
| 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. |
| Land is not depreciated. Depreciation on other assets is charged so as to allocate the costs of assets less their residual value over their estimated useful lives. |
| Depreciation is provided on the following basis: |
| Freehold property | - | at varying rates on cost |
| Long leasehold | - | 2% on cost |
| Plant and machinery | - | at varying rates on cost |
| Fixtures and fittings | - | 10% or 20% on cost |
| Motor vehicles | - | 25% on cost |
| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is 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 income statement. |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Goods for resale are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving stocks. Cost is based on the cost of purchase on a first in, first out basis. |
| At each reporting date, finished goods and goods for resale are assessed for impairment. If goods for resale are impaired, the carrying amounts are reduced to selling price less costs to complete and sell. The impairment loss is recognised immediately to the income statement. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, loans to related parties and investments in non-puttable ordinary shares. |
| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not market rate or in the case of an out-right short-term loan not at market rate the financial assets or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. |
| Financial assets that are measured at cost and amortised at the end of each reporting period are assessed for objective evidence of impairment. If the objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. |
| Form financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date. |
| Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to readies the asset and settle the liability simultaneously. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, 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 balance sheet date. |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
| Foreign currencies |
| 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 income statement. |
| Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the income statement within 'other operating income'. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Defined contribution pension plan |
| 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 income statement when they fall due. Amounts not paid are shown in other creditors as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Finance costs |
| Finance costs are charged to the income statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. |
| Exceptional costs |
| Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence. |
| Debtors |
| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured at transaction price unless they are not charged at a commercial rate of interest, in which case they are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty of notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at transaction price unless they are not charged at a commercial rate of interest, in which case they are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Operating leases: the company as lessee |
| Rentals paid under the operating leases are charged to the income statement 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Wages and salaries | 2,498,135 | 2,601,961 |
| Social security costs | 291,183 | 305,997 |
| Other pension costs | 76,062 | 121,616 |
| 2,865,380 | 3,029,574 |
| The average number of employees during the year was as follows: |
| 31.1.25 | 31.1.24 |
| Office and management | 34 | 34 |
| Sales and distribution | 87 | 104 |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Directors' remuneration | 12,424 | 12,424 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging/(crediting): |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Other operating leases | 357,321 | 272,654 |
| Depreciation - owned assets | 85,199 | 119,084 |
| Depreciation - assets on hire purchase contracts | 31,924 | 30,110 |
| Profit on disposal of fixed assets | (203,964 | ) | (67,498 | ) |
| Goodwill amortisation | - | 39,500 |
| Development costs amortisation | 18,043 | - |
| Computer software amortisation | 60,339 | 51,117 |
| Auditors' remuneration | 25,030 | 24,075 |
| Auditors' remuneration for non audit work | 9,818 | 11,387 |
| 5. | EXCEPTIONAL ITEMS |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Exceptional items | - | 1,024,465 |
| Exceptional items in the current year relate to the refund of rates relating to the properties sold during the prior year. |
| Exceptional items in the previous year consisted of an expense of £581,998 which reflects the settlement of the liability arising in relation to historic tax schemes and also a credit of £915,565 which relates to a loan which was waived. |
| 6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Hire purchase | 3,522 | 4,526 |
| 7. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit for the year was as follows: |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Current tax: |
| UK corporation tax | 294,975 | 354,641 |
| Deferred tax | 25,983 | (9,041 | ) |
| Tax on profit | 320,958 | 345,600 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 7. | TAXATION - continued |
| Reconciliation of total tax charge included in profit and loss |
| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below: |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Profit before tax | 1,438,945 | 2,435,999 |
| Profit multiplied by the standard rate of corporation tax in the UK of 25 % (2024 - 25 %) |
359,736 |
609,000 |
| Effects of: |
| Expenses not deductible for tax purposes | 4,857 | 15,934 |
| Depreciation in excess of capital allowances | 5,755 | 31,796 |
| Profit on sale of land and buildings | - | (318,441 | ) |
| Other timing differences | 2,524 | 7,311 |
| Profit on sale of goodwill | (32,438 | ) | - |
| Revaluation of shares | (7,283 | ) | - |
| Loss on goodwill taxable | (11,756 | ) | - |
| Marginal relief | (437 | ) | - |
| Total tax charge | 320,958 | 345,600 |
| 8. | INDIVIDUAL INCOME STATEMENT |
| As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements. |
| 9. | DIVIDENDS |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Ordinary A shares of £1 each |
| Interim | 455,000 | 189,636 |
| Ordinary B shares of £1 each |
| Interim | - | 500,000 |
| 455,000 | 689,636 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 10. | INTANGIBLE FIXED ASSETS |
| Group |
| Development | Computer |
| Goodwill | costs | software | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 February 2024 | 395,000 | - | 339,510 | 734,510 |
| Additions | - | 69,182 | 41,232 | 110,414 |
| Disposals | (395,000 | ) | - | - | (395,000 | ) |
| At 31 January 2025 | - | 69,182 | 380,742 | 449,924 |
| AMORTISATION |
| At 1 February 2024 | 176,750 | - | 81,723 | 258,473 |
| Amortisation for year | - | 18,043 | 60,339 | 78,382 |
| Eliminated on disposal | (176,750 | ) | - | - | (176,750 | ) |
| At 31 January 2025 | - | 18,043 | 142,062 | 160,105 |
| NET BOOK VALUE |
| At 31 January 2025 | - | 51,139 | 238,680 | 289,819 |
| At 31 January 2024 | 218,250 | - | 257,787 | 476,037 |
| 11. | TANGIBLE FIXED ASSETS |
| Group |
| Fixtures |
| Long | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 February 2024 | 1,139 | 199,674 | 1,006,952 |
| Additions | - | 4,745 | 108,303 |
| Disposals | (1,139 | ) | (55,850 | ) | (111,975 | ) |
| At 31 January 2025 | - | 148,569 | 1,003,280 |
| DEPRECIATION |
| At 1 February 2024 | 550 | 119,180 | 858,592 |
| Charge for year | 10 | 20,915 | 78,798 |
| Eliminated on disposal | (560 | ) | (55,850 | ) | (106,830 | ) |
| At 31 January 2025 | - | 84,245 | 830,560 |
| NET BOOK VALUE |
| At 31 January 2025 | - | 64,324 | 172,720 |
| At 31 January 2024 | 589 | 80,494 | 148,360 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 11. | TANGIBLE FIXED ASSETS - continued |
| Group |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2024 | 24,665 | 45,692 | 1,278,122 |
| Additions | 10,500 | 25,802 | 149,350 |
| Disposals | (9,920 | ) | (2,624 | ) | (181,508 | ) |
| At 31 January 2025 | 25,245 | 68,870 | 1,245,964 |
| DEPRECIATION |
| At 1 February 2024 | 12,472 | 5,405 | 996,199 |
| Charge for year | 6,507 | 10,893 | 117,123 |
| Eliminated on disposal | (9,507 | ) | (525 | ) | (173,272 | ) |
| At 31 January 2025 | 9,472 | 15,773 | 940,050 |
| NET BOOK VALUE |
| At 31 January 2025 | 15,773 | 53,097 | 305,914 |
| At 31 January 2024 | 12,193 | 40,287 | 281,923 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2024 | 103,688 | 73,212 | 176,900 |
| Transfer to ownership | - | (73,212 | ) | (73,212 | ) |
| At 31 January 2025 | 103,688 | - | 103,688 |
| DEPRECIATION |
| At 1 February 2024 | 33,230 | 30,505 | 63,735 |
| Charge for year | 17,281 | 14,643 | 31,924 |
| Transfer to ownership | - | (45,148 | ) | (45,148 | ) |
| At 31 January 2025 | 50,511 | - | 50,511 |
| NET BOOK VALUE |
| At 31 January 2025 | 53,177 | - | 53,177 |
| At 31 January 2024 | 70,458 | 42,707 | 113,165 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 12. | FIXED ASSET INVESTMENTS |
| Group |
| Unlisted |
| investments |
| £ |
| COST OR VALUATION |
| At 1 February 2024 | 73,304 |
| Additions | 29,135 |
| At 31 January 2025 | 102,439 |
| NET BOOK VALUE |
| At 31 January 2025 | 102,439 |
| At 31 January 2024 | 73,304 |
| Cost or valuation at 31 January 2025 is represented by: |
| Unlisted |
| investments |
| £ |
| Valuation in 2019 | 10,565 |
| Valuation in 2024 | 29,135 |
| Cost | 62,739 |
| 102,439 |
| Company |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 February 2024 |
| and 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| The group or the company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Subsidiaries |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 12. | FIXED ASSET INVESTMENTS - continued |
| Registered office: Adam Smith Street, Grimsby, DN31 1SJ |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| Registered office: Adam Smith Street, Grimsby, DN31 1SJ |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| 13. | STOCKS |
| Group |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Stocks | 3,618,900 | 3,583,258 |
| 14. | DEBTORS |
| Group | Company |
| 31.1.25 | 31.1.24 | 31.1.25 | 31.1.24 |
| £ | £ | £ | £ |
| Amounts falling due within one year: |
| Trade debtors | 1,831,431 | 1,804,855 |
| Bad debt provision | (7,539 | ) | (7,539 | ) | - | - |
| Other debtors | 1,602,497 | 1,740,254 |
| Directors' loan accounts | 545,568 | 185,381 | 545,568 | 185,381 |
| Tax | - | 106 |
| Prepayments | 37,398 | 87,155 |
| 4,009,355 | 3,810,212 |
| Amounts falling due after more than one | year: |
| Other debtors | 4,967,748 | 5,289,411 |
| Aggregate amounts | 8,977,103 | 9,099,623 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| Group | Company |
| 31.1.25 | 31.1.24 | 31.1.25 | 31.1.24 |
| £ | £ | £ | £ |
| Bank loans and overdrafts (see note 17) | - | 132,757 |
| Hire purchase contracts (see note 18) | 19,758 | 40,095 |
| Trade creditors | 4,407,536 | 4,253,031 |
| Amounts owed to group undertakings | - | - |
| Corporation tax | 294,985 | 354,761 |
| Social security and other taxes | 60,277 | 67,243 |
| VAT | 324,711 | 247,025 | - | - |
| Other creditors | 297,591 | 585,524 |
| Accrued expenses | 308,804 | 427,057 |
| 5,713,662 | 6,107,493 |
| 16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| Group |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Hire purchase contracts (see note 18) | 10,610 | 31,716 |
| 17. | LOANS |
| An analysis of the maturity of loans is given below: |
| Group |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Amounts falling due within one year or on | demand: |
| Bank overdrafts | - | 132,757 |
| 18. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Group |
| Hire purchase contracts |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Net obligations repayable: |
| Within one year | 19,758 | 40,095 |
| Between one and five years | 10,610 | 31,716 |
| 30,368 | 71,811 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 18. | LEASING AGREEMENTS - continued |
| Group |
| Non-cancellable operating | leases |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Within one year | 22,654 | 53,293 |
| Between one and five years | - | 24,441 |
| 22,654 | 77,734 |
| 19. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| Group |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Bank overdraft | - | 132,757 |
| Hire purchase contracts | 30,368 | 71,811 |
| 30,368 | 204,568 |
| Bank loans and overdrafts are secured by way of a floating charge on the Company's assets and fixed charges on its freehold land and its leasehold property and over all its book debts. The bank also holds an unlimited Multilateral Guarantee between D B Ramsden & Company Limited, Ron Ramsdens Limited, George Street Builders Limited and Re-Scan Limited dated 3 January 2013, as approved by the board on 6 March 2013. |
| Net obligations under hire purchase contracts are secured on the assets being acquired. |
| 20. | PROVISIONS FOR LIABILITIES |
| Group |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Deferred tax | 121,036 | 95,053 |
| Group |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2024 | 95,053 |
| Provided during year | 25,983 |
| Balance at 31 January 2025 | 121,036 |
| 21. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.25 | 31.1.24 |
| value: | £ | £ |
| Ordinary B | £1 | 9,120 | 9,120 |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 21. | CALLED UP SHARE CAPITAL - continued |
| Called up share capital represents the nominal value of the shares issued. |
| During the prior year the company completed a share buyback which reduced the share capital to 9,120 £1 shares. The total consideration paid for the share buyback was £1,403,967, in accordance with the agreement. |
| 22. | RESERVES |
| Group |
| Capital |
| Retained | redemption | Merger |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 February 2024 | 7,217,286 | 2,880 | (2,431 | ) | 7,217,735 |
| Profit for the year | 1,100,033 | 1,100,033 |
| Dividends | (455,000 | ) | (455,000 | ) |
| At 31 January 2025 | 7,862,319 | 2,880 | (2,431 | ) | 7,862,768 |
| Company |
| Capital |
| Retained | redemption |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2024 | 10,576 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 January 2025 | 20,459 |
| Revaluation reserve |
| The revaluation reserve represents amounts where the current and probable future value of an asset is higher than the recorded historic cost of the same asset. |
| Retained earnings |
| Retained earnings represents cumulative profits or losses, net of dividends paid and other adjustments. |
| 23. | PENSION COMMITMENTS |
| The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £76,062 (2024: £121,616). Contributions totalling £14,625 (2024: £18,183) were payable to the fund at the reporting date and are included in creditors. |
| 24. | CONTINGENT LIABILITIES |
| The bank holds an unlimited Multilateral Guarantee between D B Ramsden & Company Limited, Ron Ramsdens Limited, George Street Builders Limited and Re-Scan Limited dated 3 January 2013, as approved by the board 6 March 2013. |
| At the balance sheet date the total of the contingent liability under the guarantee was £Nil (2024: £3,744,059). |
| D.B. Ramsden Holdings Limited (Registered number: 07902162) |
| Notes to the Consolidated Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 25. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Balance outstanding at start of year | 185,381 | 403,680 |
| Amounts advanced | 820,188 | 281,701 |
| Amounts repaid | (460,000) | (500,000) |
| Balance outstanding at end of year | 545,569 | 185,381 |
| Interest has been charged at a rate of 2.25% on the directors loan account which has resulted in an interest charge of £12,596 (2024: £4,205) which is included as other interest in the income statement and also in the amounts advanced figures in the table above. |
| 26. | RELATED PARTY DISCLOSURES |
| During the year the company had the following related party transactions: |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Sales and other income | 1,394,147 | 5,679,399 |
| Purchases | - | 767,894 |
| Amounts owed to | 40,665 | 2,486 |
| Amounts owed from | 5,314,704 | 5,689,074 |
| The related parties are companies of which Mr N Ramsden is also a director. |
| The company is exempt from disclosing other related party transactions as they are with other companies that are wholly owned within the Group. |
| Included within trade creditors are balances owing to Imperial Tobacco Limited and Gallagher Limited of £426,845 (2024: £566,644) and £373,781 (2024: £571,979) respectively. These suppliers hold a guarantee which has been signed personally by the director of the company. |
| 27. | ULTIMATE CONTROLLING PARTY |
| The controlling party is N R Ramsden. |