REGISTERED NUMBER: 06329858 (England and Wales)

STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TAYNA LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Cash Flow Statement

11

Notes to the Cash Flow Statement

12

Notes to the Financial Statements

14

DIRECTORS:

Mr J F Coombes

Mr S W Richardson

REGISTERED OFFICE:

C/O Penningtons Manches Cooper Llp

11th Floor

45 Church Street

Birmingham

West Midlands

B3 2RT

REGISTERED NUMBER:

06329858 (England and Wales)

AUDITORS:

Williams Denton Cyf

Chartered Certified Accountants

Statutory Auditors

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

The directors present their strategic report for the year ended 31 December 2024.

INTRODUCTION

Tayna Ltd is an online retailer of all types of batteries and related consumables.

GOALS

1. To provide the largest range of battery brands and parts in the UK.

2. To offer an unrivalled delivery service to our customers.

3. To offer market leading customer service.

REVIEW OF BUSINESS

During the review period the company’s turnover decreased from £25.5M (2023) to £24.1M (2024) We have continued to expand our product offering and also improved our delivery service.

Development and Performance at Year End

The company continues to develop its operating systems. The main focus has been on implementing an automated pricing system to track competitors and control profit margins. At year end the company continued to perform strongly.

Position at Year End and Key Financials

The company ended in a strong position. Net assets grew from £2.8M to £3.4M.

PRINCIPAL RISKS AND UNCERTAINTIES

Rising costs continue to be the principal risk. Workforce and energy costs are the primary concern.

POST BALANCE SHEET EVENTS

On the 1 June 2025 the trade and assets of Tayna Limited were transferred to its parent company and at that date the company became dormant

ON BEHALF OF THE BOARD:

Mr J F Coombes - Director

22 August 2025

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

DIRECTORS

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

Mr J F Coombes

Mr S W Richardson

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the 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 of the profit or loss of the company 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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 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 company's auditors are unaware, and each director 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 company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr J F Coombes - Director

22 August 2025

Opinion

We have audited the financial statements of Tayna Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 December 2024 and of its 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 company 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 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.

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 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 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 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the 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, or returns adequate for our audit have not been received from branches not visited by us; or

-	the 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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 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 company or to cease operations, or have no realistic alternative but to do so.

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.

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 designed 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 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

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.

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.

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.

Martin Barrett (Senior Statutory Auditor)

for and on behalf of Williams Denton Cyf

Chartered Certified Accountants

Statutory Auditors

Glaslyn

Ffordd y Parc

Parc Menai

Bangor

Gwynedd

LL57 4FE

22 August 2025

TURNOVER

24,173,449

25,567,913

Cost of sales

21,247,998

21,985,468

GROSS PROFIT

2,925,451

3,582,445

Administrative expenses

2,026,848

2,763,105

898,603

819,340

Other operating income

-

53,090

OPERATING PROFIT

4

898,603

872,430

Interest receivable and similar income

-

517

898,603

872,947

Interest payable and similar expenses

5

-

17,203

PROFIT BEFORE TAXATION

898,603

855,744

Tax on profit

6

230,219

194,126

PROFIT FOR THE FINANCIAL YEAR

668,384

661,618

PROFIT FOR THE YEAR

668,384

661,618

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

668,384

661,618

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

131,240

149,189

131,240

149,189

CURRENT ASSETS

Stocks

11

2,410,924

2,271,025

Debtors

12

5,523,618

2,560,467

Cash at bank and in hand

869,257

1,436,443

8,803,799

6,267,935

CREDITORS

Amounts falling due within one year

13

5,501,298

3,651,767

NET CURRENT ASSETS

3,302,501

2,616,168

TOTAL ASSETS LESS CURRENT LIABILITIES

3,433,741

2,765,357

CAPITAL AND RESERVES

Called up share capital

15

100

100

Retained earnings

16

3,433,641

2,765,257

SHAREHOLDERS' FUNDS

3,433,741

2,765,357

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

Mr J F Coombes - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 November 2022

100

2,771,593

2,771,693

Changes in equity

Dividends

-

(667,954

)

(667,954

)

Total comprehensive income

-

661,618

661,618

Balance at 31 December 2023

100

2,765,257

2,765,357

Changes in equity

Total comprehensive income

-

668,384

668,384

Balance at 31 December 2024

100

3,433,641

3,433,741

Cash flows from operating activities

Cash generated from operations

1

(218,038

)

569,789

Interest element of hire purchase or finance lease rental payments paid

-

(17,203

)

Tax paid

(284,680

)

(284,014

)

Net cash from operating activities

(502,718

)

268,572

Cash flows from investing activities

Purchase of tangible fixed assets

(10,681

)

(143,211

)

Sale of tangible fixed assets

-

(13,958

)

Sale of investment property

-

941,057

Interest received

-

517

Net cash from investing activities

(10,681

)

784,405

Cash flows from financing activities

Capital repayments in year

-

(20,362

)

Amount introduced by directors

-

667,954

Amount withdrawn by directors

-

(597,060

)

Equity dividends paid

-

(667,954

)

Net cash from financing activities

-

(617,422

)

(Decrease)/increase in cash and cash equivalents

(513,399

)

435,555

Cash and cash equivalents at beginning of year

2

1,382,656

947,101

Cash and cash equivalents at end of year

2

869,257

1,382,656

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

Period

1.11.22

Year Ended

to

31.12.24

31.12.23

£

£

Profit before taxation

898,603

855,744

Depreciation charges

28,630

37,192

Loss on disposal of fixed assets

-

207,885

Finance costs

-

17,203

Finance income

-

(517

)

927,233

1,117,507

(Increase)/decrease in stocks

(139,899

)

118,419

Increase in trade and other debtors

(2,801,694

)

(895,546

)

Increase in trade and other creditors

1,796,322

229,409

Cash generated from operations

(218,038

)

569,789

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 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

869,257

1,436,443

Bank overdrafts

-

(53,787

)

869,257

1,382,656

Period ended 31 December 2023

31.12.23

1.11.22

£

£

Cash and cash equivalents

1,436,443

992,371

Bank overdrafts

(53,787

)

(45,270

)

1,382,656

947,101

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

1,436,443

(567,186

)

869,257

Bank overdrafts

(53,787

)

53,787

-

1,382,656

(513,399

)

869,257

Total

1,382,656

(513,399

)

869,257

1.	STATUTORY INFORMATION

Tayna 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

Period

1.11.22

Year Ended

to

31.12.24

31.12.23

£

£

Wages and salaries

2,017,383

2,061,685

Other pension costs

-

586,000

2,017,383

2,647,685

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

Period

1.11.22

Year Ended

to

31.12.24

31.12.23

Employees

62

69

Period

1.11.22

Year Ended

to

31.12.24

31.12.23

£

£

Directors' remuneration

-

57,618

4.	OPERATING PROFIT

The operating profit is stated after charging:

Period

1.11.22

Year Ended

to

31.12.24

31.12.23

£

£

Depreciation - owned assets

28,630

37,192

Loss on disposal of fixed assets

-

207,885

Auditors' remuneration

14,000

10,500

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.11.22

Year Ended

to

31.12.24

31.12.23

£

£

Hire purchase

-

17,203

6.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

Period

1.11.22

Year Ended

to

31.12.24

31.12.23

£

£

Current tax:

UK corporation tax

230,219

284,680

Deferred tax

-

(90,554

)

Tax on profit

230,219

194,126

7.

DIVIDENDS

Period

1.11.22

Year Ended

to

31.12.24

31.12.23

£

£

Interim

-

667,954

8.	GOING CONCERN

On the 1 June 2025 the trade and assets of Tayna Limited were transferred to its parent company and at that date the company became dormant

9.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

73,000

AMORTISATION

At 1 January 2024

and 31 December 2024

73,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

10.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

182,587

51,096

78,941

312,624

Additions

-

10,681

-

10,681

At 31 December 2024

182,587

61,777

78,941

323,305

DEPRECIATION

At 1 January 2024

74,507

35,860

53,068

163,435

Charge for year

16,212

5,950

6,468

28,630

At 31 December 2024

90,719

41,810

59,536

192,065

NET BOOK VALUE

At 31 December 2024

91,868

19,967

19,405

131,240

At 31 December 2023

108,080

15,236

25,873

149,189

11.

STOCKS

2024

2023

£

£

Stocks

2,410,924

2,271,025

12.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

991,302

238,194

Other debtors

1,286

597,000

Further debtors

-

517

VAT

161,455

-

Prepayments

84,445

66,125

1,238,488

901,836

Amounts falling due after more than one year:

Amounts owed by group undertakings

4,285,130

1,658,631

Aggregate amounts

5,523,618

2,560,467