IRIS Accounts Production v25.2.0.378 10059074 Board of Directors Board of Directors Board of Directors 28.2.25 1.3.24 28.2.25 28.2.25 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. true true true false true true false false false false true false A Ordinary Shares 1.00000 B Ordinary Shares 1.00000 C Ordinary Shares 1.00000 D Ordinary Shares 1.00000 E Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100590742024-02-29100590742025-02-28100590742024-03-012025-02-28100590742023-02-28100590742023-03-012024-02-29100590742024-02-2910059074ns15:EnglandWales2024-03-012025-02-2810059074ns14:PoundSterling2024-03-012025-02-2810059074ns10:Director12024-03-012025-02-2810059074ns10:Director22024-03-012025-02-2810059074ns10:Director32024-03-012025-02-2810059074ns10:Consolidated2025-02-2810059074ns10:ConsolidatedGroupCompanyAccounts2024-03-012025-02-2810059074ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2810059074ns10:Consolidatedns10:MediumEntities2024-03-012025-02-2810059074ns10:Consolidatedns10:Audited2024-03-012025-02-2810059074ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-03-012025-02-2810059074ns10:Medium-sizedCompaniesRegimeForAccounts2024-03-012025-02-2810059074ns10:Consolidated2024-03-012025-02-2810059074ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-03-012025-02-2810059074ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2024-03-012025-02-2810059074ns10:FullAccounts2024-03-012025-02-2810059074ns5:Subsidiary12024-03-012025-02-281005907412024-03-012025-02-2810059074ns10:OrdinaryShareClass12024-03-012025-02-2810059074ns10:OrdinaryShareClass22024-03-012025-02-2810059074ns10:OrdinaryShareClass32024-03-012025-02-2810059074ns10:OrdinaryShareClass42024-03-012025-02-2810059074ns10:OrdinaryShareClass52024-03-012025-02-2810059074ns10:CompanySecretary12024-03-012025-02-2810059074ns10:RegisteredOffice2024-03-012025-02-2810059074ns10:Consolidated2023-03-012024-02-2910059074ns5:CurrentFinancialInstruments2025-02-2810059074ns5:CurrentFinancialInstruments2024-02-2910059074ns5:ShareCapital2025-02-2810059074ns5:ShareCapital2024-02-2910059074ns5:SharePremium2025-02-2810059074ns5:SharePremium2024-02-2910059074ns5:RetainedEarningsAccumulatedLosses2025-02-2810059074ns5:RetainedEarningsAccumulatedLosses2024-02-2910059074ns5:ShareCapital2023-02-2810059074ns5:RetainedEarningsAccumulatedLosses2023-02-2810059074ns5:SharePremium2023-02-2810059074ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-2910059074ns5:RetainedEarningsAccumulatedLosses2024-03-012025-02-2810059074ns5:NetGoodwill2024-03-012025-02-2810059074ns5:CostValuation2024-02-29100590741ns5:Subsidiary12024-03-012025-02-2810059074ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2810059074ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2910059074ns10:OrdinaryShareClass12025-02-2810059074ns10:OrdinaryShareClass22025-02-2810059074ns10:OrdinaryShareClass32025-02-2810059074ns10:OrdinaryShareClass42025-02-2810059074ns10:OrdinaryShareClass52025-02-2810059074ns5:RetainedEarningsAccumulatedLosses2024-02-2910059074ns5:SharePremium2024-02-29
REGISTERED NUMBER: 10059074 (England and Wales)












GROUP STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

DSS GROUP LIMITED

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 4

Report of the Independent Auditor 6

Consolidated Income Statement 11

Consolidated Other Comprehensive Income 12

Consolidated Balance Sheet 13

Company Balance Sheet 15

Consolidated Statement of Changes in Equity 16

Company Statement of Changes in Equity 17

Consolidated Cash Flow Statement 18

Notes to the Consolidated Cash Flow Statement 19

Notes to the Consolidated Financial Statements 21


DSS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2025







DIRECTORS: Mr R Wylie
Mr G Townsley
Mrs S L Townsley



SECRETARY: Mr A R Wykes



REGISTERED OFFICE: M&D House
Brooklands Road
Adwick Le Street
Doncaster
South Yorkshire
DN6 7BA



REGISTERED NUMBER: 10059074 (England and Wales)



SENIOR STATUTORY AUDITOR: Robert Watson FCA



AUDITOR: Xeinadin Audit Limited
8th Floor, Beckett House
36 Old Jewry
London
EC2R 8DD

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 28TH FEBRUARY 2025

The directors present their strategic report of the company and the group for the year ended 28th February 2025.

REVIEW OF BUSINESS ACTIVITIES AND KEY PERFORMANCE INDICATORS
Trading results have seen significant growth in this year with turnover increased by 18.6% compared to 2024 results.

However the gross profit has decreased from 28.6% to 25.96% in this year. In common with many businesses, gross profit has been affected by the inflationary pressures on consumable materials in particular. Despite this, the company has shown strong results for the year ended 28 February 2025.

Establishment costs have been consistent to the last year and only increased by 1% in the current year.

Administration expenses have fallen by 5.6% this year. Motor costs and bad debts saw the most significant reductions in the year.

Profit before tax increased significantly by 66.45% in this year.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors take a pragmatic view with respect to risk management. The company is well managed by its board of directors and a prudent approach is adopted in all financial aspects.

All company policies are subject to continual assessment and review in line with changing legislation and industry guidelines.

The directors remain mindful of cyclical trends and the overarching political backdrop of the construction industry. Inflationary pressures continue to be monitored and mitigated but nevertheless present ongoing risks and uncertainties across all market sectors including the construction industry.

As with all companies within the industry the company is subject to bad debt and financial risk. The company has improved its measures at the contract stage and has implemented stronger credit control procedures. The company also invests in capital expenditure strategically to avoid significant impact on cashflow.

The company is maintaining strong reserves to mitigate any risk of a downturn in productivity during the latter summer months and into winter due to increased interest rates and associated economic impact on housing market.


DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 28TH FEBRUARY 2025

KEY PERFORMANCE INDICATORS
The company monitors its performance using a number of measures.

These include key performance indicators for gross profit margin, direct labour as a percentage of turnover and EBIT. KPI's are regularly monitored by the board.

During the year to 28 February 2025, gross profit margins remained consistent returning to levels prior to 2022. The consistent gross profit margin, turnover, establishment and admin costs has consequently resulted in a healthy EBIT. Management are happy with the current year results and are expecting the strong results to continue.

FUTURE
The market conditions present during the year have continued post year end. Such conditions include price increases for materials, procurement delays and staff absences all of which are being managed. Tender pricing models are being monitored and updated where necessary, within achievable tendering parameters, to minimise the effect on profits.

The company continues to perform well and is achieving its objectives which includes winning new tenders. In the mid to short term, business is expected to stay at a consistent level.

The board of directors continue to invest in long-term infrastructure to expand their diverse portfolio of piling equipment, with the intention to further drive cost efficiencies long-term.

ON BEHALF OF THE BOARD:





Mr R Wylie - Director


12th August 2025

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 28TH FEBRUARY 2025

The directors present their report with the financial statements of the company and the group for the year ended 28th February 2025.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of specialist foundation and piling services.

DIVIDENDS
Interim dividends per share were paid during the year as follows:
A Ordinary Shares £1 - £1133.3333
B Ordinary Shares £1 - £333.33
C Ordinary Shares £1 - £1666.66
D Ordinary Shares £1 - £333.33
E Ordinary Shares £1 - £1878.7878
F Ordinary Shares £1 - £1666.67
G Ordinary shares £1 - £144.93
H Ordinary shares £1 - £333.33
I Ordinary shares £1 - £1213.3333
K Ordinary shares £1 - £4239.9999

The total distribution of dividends for the year ended 28th February 2025 will be £ 1,029,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1st March 2024 to the date of this report.

Mr R Wylie
Mr G Townsley
Mrs S L Townsley


DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 28TH FEBRUARY 2025

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are 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 directors are 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 directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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 directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditor is unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditor is aware of that information.

AUDITOR
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr R Wylie - Director


12th August 2025

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
DSS GROUP LIMITED

Opinion
We have audited the financial statements of DSS Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 28th February 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 28th February 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 Auditor 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 directors' 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 directors with respect to going concern are described in the relevant sections of this report.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
DSS GROUP LIMITED


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditor 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 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 a 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 Directors 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 Directors have been prepared in accordance with applicable legal requirements.

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 Directors.

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 directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
DSS GROUP LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are 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 directors determine 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 directors are 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 directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
DSS GROUP 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 Auditor 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We design audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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 Auditor.

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF
DSS GROUP 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 Auditor 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.




Robert Watson FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
8th Floor, Beckett House
36 Old Jewry
London
EC2R 8DD

12th August 2025

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 28TH FEBRUARY 2025

2025 2024
Notes £    £   

TURNOVER 4 23,775,855 20,033,116

Cost of sales 17,603,537 14,297,719
GROSS PROFIT 6,172,318 5,735,397

Administrative expenses 4,327,812 4,595,793
1,844,506 1,139,604

Other operating income 5,992 13,957
OPERATING PROFIT 6 1,850,498 1,153,561

Interest receivable and similar income 33,507 27,996
1,884,005 1,181,557

Interest payable and similar expenses 8 42,221 75,072
PROFIT BEFORE TAXATION 1,841,784 1,106,485

Tax on profit 9 521,685 350,934
PROFIT FOR THE FINANCIAL YEAR 1,320,099 755,551
Profit attributable to:
Owners of the parent 1,295,808 620,895
Non-controlling interests 24,291 134,656
1,320,099 755,551

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

CONSOLIDATED OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 28TH FEBRUARY 2025

2025 2024
Notes £    £   

PROFIT FOR THE YEAR 1,320,099 755,551


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

1,320,099

755,551

Total comprehensive income attributable to:
Owners of the parent 1,295,808 620,895
Non-controlling interests 24,291 134,656
1,320,099 755,551

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

CONSOLIDATED BALANCE SHEET
28TH FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 12 401,640 711,655
Tangible assets 13 2,383,404 2,955,615
Investments 14 - -
2,785,044 3,667,270

CURRENT ASSETS
Stocks 15 96,913 135,701
Debtors 16 4,788,550 3,627,092
Cash at bank 1,502,350 1,160,425
6,387,813 4,923,218
CREDITORS
Amounts falling due within one year 17 3,702,249 2,932,604
NET CURRENT ASSETS 2,685,564 1,990,614
TOTAL ASSETS LESS CURRENT LIABILITIES 5,470,608 5,657,884

CREDITORS
Amounts falling due after more than
one year

18

(117,442

)

(441,243

)

PROVISIONS FOR LIABILITIES 21 (392,625 ) (522,199 )
NET ASSETS 4,960,541 4,694,442

CAPITAL AND RESERVES
Called up share capital 22 1,500 1,500
Share premium 23 1,891,669 1,891,669
Other reserves 23 8,800 8,800
Retained earnings 23 3,064,097 2,797,289
SHAREHOLDERS' FUNDS 4,966,066 4,699,258

NON-CONTROLLING INTERESTS (5,525 ) (4,816 )
TOTAL EQUITY 4,960,541 4,694,442

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

CONSOLIDATED BALANCE SHEET - continued
28TH FEBRUARY 2025


The financial statements were approved by the Board of Directors and authorised for issue on 12th August 2025 and were signed on its behalf by:




Mr R Wylie - Director Mrs S L Townsley - Director




Mr G Townsley - Director


DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

COMPANY BALANCE SHEET
28TH FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 12 - -
Tangible assets 13 - -
Investments 14 8,633,672 8,633,672
8,633,672 8,633,672

CURRENT ASSETS
Debtors 16 1,170 1,170

CREDITORS
Amounts falling due within one year 17 6,737,102 6,735,322
NET CURRENT LIABILITIES (6,735,932 ) (6,734,152 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,897,740 1,899,520

CAPITAL AND RESERVES
Called up share capital 22 1,500 1,500
Share premium 23 1,891,669 1,891,669
Retained earnings 23 4,571 6,351
SHAREHOLDERS' FUNDS 1,897,740 1,899,520

Company's profit for the financial year 1,027,220 881,099

The financial statements were approved by the Board of Directors and authorised for issue on 12th August 2025 and were signed on its behalf by:



Mr R Wylie - Director Mrs S L Townsley - Director



Mr G Townsley - Director


DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28TH FEBRUARY 2025

Called up
share Retained Share
capital earnings premium
£    £    £   
Balance at 1st March 2023 1,500 3,053,494 1,891,669

Changes in equity
Dividends - (877,100 ) -
Total comprehensive income - 620,895 -
Balance at 29th February 2024 1,500 2,797,289 1,891,669

Changes in equity
Dividends - (1,029,000 ) -
Total comprehensive income - 1,295,808 -
Balance at 28th February 2025 1,500 3,064,097 1,891,669
Other Non-controlling Total
reserves Total interests equity
£    £    £    £   
Balance at 1st March 2023 8,800 4,955,463 (6,472 ) 4,948,991

Changes in equity
Dividends - (877,100 ) (133,000 ) (1,010,100 )
Total comprehensive income - 620,895 134,656 755,551
Balance at 29th February 2024 8,800 4,699,258 (4,816 ) 4,694,442

Changes in equity
Dividends - (1,029,000 ) (25,000 ) (1,054,000 )
Total comprehensive income - 1,295,808 24,291 1,320,099
Balance at 28th February 2025 8,800 4,966,066 (5,525 ) 4,960,541

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28TH FEBRUARY 2025

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1st March 2023 1,500 2,352 1,891,669 1,895,521

Changes in equity
Dividends - (877,100 ) - (877,100 )
Total comprehensive income - 881,099 - 881,099
Balance at 29th February 2024 1,500 6,351 1,891,669 1,899,520

Changes in equity
Dividends - (1,029,000 ) - (1,029,000 )
Total comprehensive income - 1,027,220 - 1,027,220
Balance at 28th February 2025 1,500 4,571 1,891,669 1,897,740

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 28TH FEBRUARY 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,263,291 2,583,770
Interest paid - (42,859 )
Interest element of hire purchase
payments paid

(42,221

)

(32,213

)
Tax paid (337,375 ) (494,330 )
Net cash from operating activities 1,883,695 2,014,368

Cash flows from investing activities
Purchase of tangible fixed assets (70,016 ) (534,593 )
Sale of tangible fixed assets 128,854 119,411
Interest received 33,507 27,996
Net cash from investing activities 92,345 (387,186 )

Cash flows from financing activities
Bank loan capital repayments - (751,915 )
Capital repayments in year (547,699 ) (49,832 )
Net amounts introduced by directors 519,002 310,092
Amount withdrawn by directors (576,418 ) -
Equity dividends paid (1,029,000 ) (877,100 )
Dividends paid to minority interests - (133,000 )
Net cash from financing activities (1,634,115 ) (1,501,755 )

Increase in cash and cash equivalents 341,925 125,427
Cash and cash equivalents at beginning
of year

2

1,160,425

1,034,998

Cash and cash equivalents at end of
year

2

1,502,350

1,160,425

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025 2024
£    £   
Profit before taxation 1,841,784 1,106,485
Depreciation charges 876,209 930,494
(Profit)/loss on disposal of fixed assets (52,791 ) 4,604
Finance costs 42,221 75,072
Finance income (33,507 ) (27,996 )
2,673,916 2,088,659
Decrease in stocks 38,788 74,772
(Increase)/decrease in trade and other debtors (1,065,636 ) 433,867
Increase/(decrease) in trade and other creditors 616,223 (13,528 )
Cash generated from operations 2,263,291 2,583,770

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 28th February 2025
28.2.25 1.3.24
£    £   
Cash and cash equivalents 1,502,350 1,160,425
Year ended 29th February 2024
29.2.24 1.3.23
£    £   
Cash and cash equivalents 1,160,425 1,034,998


DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 28TH FEBRUARY 2025

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.24 Cash flow At 28.2.25
£    £    £   
Net cash
Cash at bank 1,160,425 341,925 1,502,350
1,160,425 341,925 1,502,350
Debt
Finance leases (980,338 ) 547,699 (432,639 )
(980,338 ) 547,699 (432,639 )
Total 180,087 889,624 1,069,711

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. STATUTORY INFORMATION

DSS Group 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 General Information page.

2. STATEMENT OF COMPLIANCE

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" and the Companies Act 2006. The financial statements are prepared in sterling which is the functional currency of the entity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements have been set out below.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Basis of consolidation
The consolidated financial statements comprise the results of the parent company; DSS Group Limited and its subsidiary; Bessacarr Properties Limited together with its subsidiaries; M & D Foundations & Building Services Limited, M & D Foundations Eastern Limited and M & D Foundations (Midlands) Limited.

Significant judgements and estimates
No judgements have been made in the process of applying the below policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

3. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

When the outcome of a construction contract can be estimated reliably, contract costs and turnover are recognised by reference to the value of the work performed.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property - 2% on cost
Plant and machinery - 20%/25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Freehold land (included within freehold property) is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.


DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

3. ACCOUNTING POLICIES - continued
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.

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.

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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Debtors receivable and creditors payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

3. ACCOUNTING POLICIES - continued

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.

4. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the group.

5. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 3,360,558 3,268,853
Social security costs 356,822 410,405
Other pension costs 71,653 172,507
3,789,033 3,851,765

The average number of employees during the year was as follows:
2025 2024

Directors 3 3
Administrative and office staff 28 29
Site and yard staff 47 48
78 80

2025 2024
£    £   
Directors' remuneration 397,734 417,451
Directors' pension contributions to money purchase schemes 5,645 105,361

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

5. EMPLOYEES AND DIRECTORS - continued

Information regarding the highest paid director is as follows:
2025 2024
£    £   
Emoluments etc 16,885 16,695
Pension contributions to money purchase schemes 12 100,000

6. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025 2024
£    £   
Hire of plant and machinery 742,215 629,838
Depreciation - owned assets 249,586 258,348
Depreciation - assets on hire purchase contracts 317,977 362,132
(Profit)/loss on disposal of fixed assets (52,791 ) 4,604
Goodwill amortisation 310,015 310,015

7. AUDITORS' REMUNERATION

28.2.23 28.2.22
£    £   
Fees payable to the company's auditors for the of the
company's and consolidated financial statements


1,500


2,000
Auditors' remuneration for other services 30,900 29,350

8. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Bank loan interest - 42,859
Hire purchase 42,221 32,213
42,221 75,072

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

9. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 650,377 381,493
Under / (over) provision of
tax 882 (65 )
Total current tax 651,259 381,428

Deferred tax (129,574 ) (30,494 )
Tax on profit 521,685 350,934

UK corporation tax has been charged at 25 % (2024 - 25 %).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 1,841,784 1,106,485
Profit multiplied by the standard rate of corporation tax in the UK
of 25 % (2024 - 25 %)

460,446

276,621

Effects of:
Expenses not deductible for tax purposes 24,955 1,476
Capital allowances in excess of depreciation (92,248 ) -
Depreciation in excess of capital allowances - 26,342
Adjustments to tax charge in respect of previous periods 882 (65 )
Amortisation of goodwill 310,015 75,926
Profit/loss on disposal of fixed assets (52,791 ) 1,128
Deferred taxation (129,574 ) (30,494 )
Total tax charge 521,685 350,934

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

10. 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.


11. DIVIDENDS
2025 2024
£    £   
A Ordinary Shares shares of £1 each
Interim (936,000 ) 193,000
B Ordinary Shares shares of £1 each
Interim 1,054,000 25,000
C Ordinary Shares shares of £1 each
Interim 25,000 25,000
D Ordinary Shares shares of £1 each
Interim 25,000 25,000
E Ordinary Shares shares of £1 each
Interim 310,000 84,550
F Ordinary Shares shares of £1 each
Interim 25,000 25,000
G Ordinary shares shares of £1 each
Interim 100,000 100,000
H Ordinary shares shares of £1 each
Interim 25,000 25,000
I Ordinary shares shares of £1 each
Interim 91,000 289,550
K Ordinary shares shares of £1 each
Interim 310,000 85,000
1,029,000 877,100

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

12. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1st March 2024
and 28th February 2025 3,100,149
AMORTISATION
At 1st March 2024 2,388,494
Amortisation for year 310,015
At 28th February 2025 2,698,509
NET BOOK VALUE
At 28th February 2025 401,640
At 29th February 2024 711,655

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

13. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st March 2024 1,108,288 5,425,090 177,091
Additions - 51,852 18,164
Disposals - (430,000 ) -
At 28th February 2025 1,108,288 5,046,942 195,255
DEPRECIATION
At 1st March 2024 319,283 4,039,698 117,011
Charge for year 17,682 354,488 18,736
Eliminated on disposal - (382,080 ) -
Charge written back - 19 (1,417 )
At 28th February 2025 336,965 4,012,125 134,330
NET BOOK VALUE
At 28th February 2025 771,323 1,034,817 60,925
At 29th February 2024 789,005 1,385,392 60,080

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

13. TANGIBLE FIXED ASSETS - continued

Group

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st March 2024 1,333,670 818 8,044,957
Additions - - 70,016
Disposals (76,380 ) - (506,380 )
At 28th February 2025 1,257,290 818 7,608,593
DEPRECIATION
At 1st March 2024 612,532 818 5,089,342
Charge for year 176,657 - 567,563
Eliminated on disposal (48,237 ) - (430,317 )
Charge written back (1 ) - (1,399 )
At 28th February 2025 740,951 818 5,225,189
NET BOOK VALUE
At 28th February 2025 516,339 - 2,383,404
At 29th February 2024 721,138 - 2,955,615

Included in the cost of freehold property is freehold land of £200,000 which is not depreciated.

Included within the net book value above of £2,383,406 (2024: £2,955,617) is £892,220 (2024: £1,479367) relating to assets held under hire purchase agreements. The depreciation charged on these assets during the year was £297,407 (2024: £362,132).

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

14. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1st March 2024
and 28th February 2025 8,633,672
NET BOOK VALUE
At 28th February 2025 8,633,672
At 29th February 2024 8,633,672

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

Subsidiaries

Bessacarr Properties Limited
Registered office: M & D House, Brooklands Road,Adwick Le Street, Doncaster, DN6 7BA
Nature of business: Rental of plant and equipment
%
Class of shares: holding
Ordinary Shares 100.00

M & D Foundations & Building Services Limited
Registered office: M & D House, Brooklands Road, Adwick Le Street, Doncaster, DN6 7BA
Nature of business: Specialist foundation and piling services
%
Class of shares: holding
Ordinary 100.00

M & D Foundations (Midlands) Limited
Registered office: M & D House, Brooklands Road, Adwick Le Street, Doncaster, DN6 7BA
Nature of business: Specialist foundation and piling services
%
Class of shares: holding
Ordinary 88.00

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

14. FIXED ASSET INVESTMENTS - continued

M & D Foundations Eastern Limited
Registered office: M & D House, Brooklands Road, Adwick Le Street, Doncaster, DN6 7BA
Nature of business: Specialist foundation and piling services
%
Class of shares: holding
Ordinary 100.00


The consolidated financial statements comprise the results of the parent company: DSS Group Limited and its subsidiary; Bessacarr Properties Limited together with its subsidiaries; M & D Foundations & Building Services Limited, M & D Foundations Eastern Limited and M & D Foundations (Midlands) Limited.

15. STOCKS

Group
2025 2024
£    £   
Stocks 96,913 135,701

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2025 2024 2025 2024
£    £    £    £   
Trade debtors 4,146,435 2,791,713 - -
Amounts recoverable on contract 305,641 551,743 - -
Other debtors 30,409 20,440 - -
Directors' current accounts - 1 - -
VAT 95,407 141,035 - -
Called up share capital not paid 1,170 1,170 1,170 1,170
Prepayments and accrued income 209,488 120,990 - -
4,788,550 3,627,092 1,170 1,170

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2025 2024 2025 2024
£    £    £    £   
Hire purchase contracts (see note 19) 315,197 539,095 - -
Trade creditors 1,719,997 1,128,209 - -
Amounts owed to group undertakings - - 6,735,002 6,733,322
Corporation tax 515,691 201,807 - -
Social security and other taxes 81,654 96,371 - -
Other creditors 323,405 86,195 - -
Directors' current accounts 273,063 330,480 - -
Accruals and deferred income 473,242 550,447 2,100 2,000
3,702,249 2,932,604 6,737,102 6,735,322

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group
2025 2024
£    £   
Hire purchase contracts (see note 19) 117,442 441,243

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

19. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase
contracts
2025 2024
£    £   
Gross obligations repayable:
Within one year 341,562 581,809
Between one and five years 130,879 481,098
472,441 1,062,907

Finance charges repayable:
Within one year 26,365 42,714
Between one and five years 13,437 39,855
39,802 82,569

Net obligations repayable:
Within one year 315,197 539,095
Between one and five years 117,442 441,243
432,639 980,338

Group
Non-cancellable
operating leases
2025 2024
£    £   
Within one year 257,556 147,251
Between one and five years 270,641 249,562
528,197 396,813

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

20. SECURED DEBTS

The following secured debts are included within creditors:

Group
2025 2024
£    £   
Hire purchase contracts 432,639 980,338

Bank loans are secured by;

A debenture including a fixed charge over all present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and first floating charge over all assets and undertaking both present and future.

A first legal charge over freehold property, Brooklands Road, Carcroft.

A composite company unlimited multilateral guarantee given by DSS Group Limited, Bessacarr Properties Limited, M & D Foundations & Building Services Limited, M & D Foundations (Midlands) Limited and M & D Foundations Eastern Limited.

Hire purchase liabilities are secured on the assets concerned. Interest is charged at normal commercial rates.

21. PROVISIONS FOR LIABILITIES

Group
2025 2024
£    £   
Deferred tax 392,625 522,199

Group
Deferred
tax
£   
Balance at 1st March 2024 522,199
Credit to Income Statement during year (129,574 )
Balance at 28th February 2025 392,625

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

22. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
75 A Ordinary Shares £1 75 75
75 B Ordinary Shares £1 75 75
15 C Ordinary Shares £1 15 15
75 D Ordinary Shares £1 75 75
165 E Ordinary Shares £1 165 165
15 F Ordinary Shares £1 15 15
420 420

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £    £   
690 G Ordinary Shares £1 690 690
75 H Ordinary Shares £1 75 75
75 I Ordinary Shares £1 75 75
165 J Ordinary Shares £1 165 165
75 K Ordinary Shares £1 75 75
1,080 1,080

23. RESERVES

Group
Retained Share Other
earnings premium reserves Totals
£    £    £    £   

At 1st March 2024 2,797,289 1,891,669 8,800 4,697,758
Profit for the year 1,295,808 1,295,808
Dividends (1,029,000 ) (1,029,000 )
At 28th February 2025 3,064,097 1,891,669 8,800 4,964,566

DSS GROUP LIMITED (REGISTERED NUMBER: 10059074)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

23. RESERVES - continued

Company
Retained Share
earnings premium Totals
£    £    £   

At 1st March 2024 6,351 1,891,669 1,898,020
Profit for the year 1,027,220 1,027,220
Dividends (1,029,000 ) (1,029,000 )
At 28th February 2025 4,571 1,891,669 1,896,240