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REGISTERED NUMBER: 12742023 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

DESC Holdings Ltd

DESC Holdings Ltd (Registered number: 12742023)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


DESC Holdings Ltd

Company Information
for the Year Ended 31 March 2025







Directors: Mrs D C Wignall
Mr S P Wignall





Registered office: 48 Union Street
Hyde
Cheshire
SK14 1ND





Registered number: 12742023 (England and Wales)





Accountants: Allen Mills Howard & Co
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DESC Holdings Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DESC Holdings Ltd for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of DESC Holdings Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DESC Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of DESC Holdings Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DESC Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DESC Holdings Ltd. You consider that DESC Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DESC Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Allen Mills Howard & Co
Library Chambers
48 Union Street
Hyde
Cheshire
SK14 1ND


21 August 2025

DESC Holdings Ltd (Registered number: 12742023)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
Fixed assets
Intangible assets 4 45,750 53,375

Current assets
Debtors 5 587 492
Investments 6 6,250 6,250
Cash at bank and in hand 210 201
7,047 6,943
Creditors
Amounts falling due within one year 7 3,078 2,591
Net current assets 3,969 4,352
Total assets less current liabilities 49,719 57,727

Capital and reserves
Called up share capital 8 200 200
Retained earnings 49,519 57,527
Shareholders' funds 49,719 57,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:





Mrs D C Wignall - Director


DESC Holdings Ltd (Registered number: 12742023)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. Statutory information

DESC Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

DESC Holdings Ltd (Registered number: 12742023)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 April 2024
and 31 March 2025 76,250
Amortisation
At 1 April 2024 22,875
Charge for year 7,625
At 31 March 2025 30,500
Net book value
At 31 March 2025 45,750
At 31 March 2024 53,375

5. Debtors: amounts falling due within one year
2025 2024
£    £   
Other debtors 587 492

6. Current asset investments
2025 2024
£    £   
Shares in group undertakings 6,250 6,250

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Other creditors 3,078 2,591

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
200 200