REGISTERED NUMBER: SC484051 (Scotland)

Financial Statements

for the Year Ended 31 January 2025

for

Differentiator Brands Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C.S. Miller

S.J. Hannah

K.M. Geddes

C.D. Brown

REGISTERED OFFICE:

Unit1 Westway Business Park

35 Porterfield Road

Renfrew

PA4 8DJ

REGISTERED NUMBER:

SC484051 (Scotland)

AUDITORS:

Henderson & Company

73 Union Street

Greenock

Renfrewshire

PA16 8BG

FIXED ASSETS

Intangible assets

4

1,200,000

1,200,000

Tangible assets

5

9,019

-

1,209,019

1,200,000

CURRENT ASSETS

Stocks

900,450

865,963

Debtors

6

455,181

214,078

Cash at bank

1,480,165

1,194,645

2,835,796

2,274,686

CREDITORS

Amounts falling due within one year

7

827,748

725,891

NET CURRENT ASSETS

2,008,048

1,548,795

TOTAL ASSETS LESS CURRENT LIABILITIES

3,217,067

2,748,795

PROVISIONS FOR LIABILITIES

2,255

-

NET ASSETS

3,214,812

2,748,795

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,214,810

2,748,793

3,214,812

2,748,795

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

S.J. Hannah - Director

1.	STATUTORY INFORMATION

Differentiator Brands Limited is a private company, limited by shares , registered in Scotland. 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Stocks

Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amounts of any write downs to stock to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs.

Taxation

The tax expense for the year comprises current and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are recognised for all taxable timing differences. Deferred tax assets are recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount for deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recoverd.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or asset realised, based on tax rates and tax laws that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.enacted or substantively enacted by the balance sheet date.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position bank overdrafts are shown within borrowings in current liabilities.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value and thereafter stated at amortised cost using the effective interest method, less any impairment.

Creditors

Basic financial instruments, including preference shares that are classified as debt, are measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is initially measured at fair value and subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

1,200,000

NET BOOK VALUE

At 31 January 2025

1,200,000

At 31 January 2024

1,200,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

12,025

At 31 January 2025

12,025

DEPRECIATION

Charge for year

3,006

At 31 January 2025

3,006

NET BOOK VALUE

At 31 January 2025

9,019

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

455,181

214,078

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

722,785

520,579

Amounts owed to group undertakings

6,055

-

Taxation and social security

83,508

174,192

Other creditors

15,400

31,120

827,748

725,891

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

John Henderson (Senior Statutory Auditor)

for and on behalf of Henderson & Company

9.	PARENT COMPANY

J.W. Filshill Limited own 100% of the company's issued share capital. J.W. Filshill Limited is a private company limited by shares and incorporated in Scotland. It's registered address is Unit 1 Westway Business Park, 35 Porterfield Road, Renfrew, PA4 8DJ.