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REGISTERED NUMBER: 00163960 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

D B SHOES LIMITED

D B SHOES LIMITED (REGISTERED NUMBER: 00163960)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D B SHOES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D B Denton
C M Denton



SECRETARY: H L Weber



REGISTERED OFFICE: Irchester Road
Rushden
Northamptonshire
NN10 9XF



REGISTERED NUMBER: 00163960 (England and Wales)



ACCOUNTANTS: Shaw Gibbs Limited
Eagle House
28 Billing Road
Northampton
NN1 5AJ



BANKERS: Natwest Bank Plc
43 High Street
Rushden
Northamptonshire
NN10 0QE

D B SHOES LIMITED (REGISTERED NUMBER: 00163960)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 108,393 144,524
Tangible assets 5 201,712 153,544
310,105 298,068

CURRENT ASSETS
Stocks 1,684,661 1,713,065
Debtors 6 415,433 163,706
Cash at bank and in hand 141,711 165,544
2,241,805 2,042,315
CREDITORS
Amounts falling due within one year 7 866,284 501,399
NET CURRENT ASSETS 1,375,521 1,540,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,685,626

1,838,984

PROVISIONS FOR LIABILITIES 65,093 67,573
NET ASSETS 1,620,533 1,771,411

CAPITAL AND RESERVES
Called up share capital 24,459 24,459
Share premium 5,520 5,520
Capital redemption reserve 92,791 92,791
Other reserves 30,000 30,000
Retained earnings 1,467,763 1,618,641
SHAREHOLDERS' FUNDS 1,620,533 1,771,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

D B SHOES LIMITED (REGISTERED NUMBER: 00163960)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:




D B Denton - Director



C M Denton - Director


D B SHOES LIMITED (REGISTERED NUMBER: 00163960)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

D B Shoes 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 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 10% - 50% on cost
Motor vehicles25% - 50% on cost
Leasehold improvements20% - 33.33% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

D B SHOES LIMITED (REGISTERED NUMBER: 00163960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

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

Cost includes all direct expenditure.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
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 company makes payments to the personal pension schemes of certain employees. The assets of these schemes are held separately from those of the company in independently administered funds.
Contributions payable for the year are charged in the profit and loss account.

D B SHOES LIMITED (REGISTERED NUMBER: 00163960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

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 statement of comprehensive income under administrative expenses.

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

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2024
and 31 December 2024 180,655
AMORTISATION
At 1 January 2024 36,131
Amortisation for year 36,131
At 31 December 2024 72,262
NET BOOK VALUE
At 31 December 2024 108,393
At 31 December 2023 144,524

D B SHOES LIMITED (REGISTERED NUMBER: 00163960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 82,873 477,328 95,714 655,915
Additions 4,033 53,840 70,247 128,120
Disposals - (708 ) (25,306 ) (26,014 )
At 31 December 2024 86,906 530,460 140,655 758,021
DEPRECIATION
At 1 January 2024 70,715 381,631 50,025 502,371
Charge for year 5,443 54,125 20,384 79,952
Eliminated on disposal - (708 ) (25,306 ) (26,014 )
At 31 December 2024 76,158 435,048 45,103 556,309
NET BOOK VALUE
At 31 December 2024 10,748 95,412 95,552 201,712
At 31 December 2023 12,158 95,697 45,689 153,544


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,295 83,287
Other debtors 1,360 -
Prepayments and accrued income 354,778 80,419
415,433 163,706

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 466,598 147,699
Amounts owed to group undertakings 116,010 17,173
Tax 69,343 118,038
Social security and other taxes 26,764 27,142
VAT 106,890 143,653
Other creditors 5,614 42,284
Accruals and deferred income 75,065 5,410
866,284 501,399

D B SHOES LIMITED (REGISTERED NUMBER: 00163960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 60,000 60,000

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Related Party Disclosure, not to disclose related party transactions or balances with wholly owned subsidiaries within the group.