ACCOUNTS - Final Accounts preparation

Operating profit

The operating profit is stated after charging:

Registered number: 14246254

DARKE & TAYLOR GROUP LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

DARKE & TAYLOR GROUP LIMITED

COMPANY INFORMATION

Directors	S D Newton
	G P Winstone
	J Butler
	K Richmond
	M Swadling


Registered number	14246254


Registered office	Radiant House
	11 Blenheim Office Park
	Long Hanborough
	Witney
	OX29 8LN


Independent auditors	KBDR Ltd
	Chartered Accountants & Registered Auditors
	The Old Tannery
	Hensington Road
	Woodstock
	Oxon
	OX20 1JL

DARKE & TAYLOR GROUP LIMITED

CONTENTS

	Page
Group strategic report	1 - 2
Directors' report	3 - 4
Independent auditors' report	5 - 9
Consolidated statement of comprehensive income	10 - 11
Consolidated balance sheet	11 - 12
Company balance sheet	13
Consolidated statement of changes in equity	14 - 15
Company statement of changes in equity	16 - 17
Consolidated statement of cash flows	18 - 19
Notes to the financial statements	20 - 38

DARKE & TAYLOR GROUP LIMITED

GROUP STRATEGIC REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

Introduction

The results for the year and financial position of the company are shown in the attached financial statements. The directors are satisfied with the results for the year in which turnover and gross profit increased, and operating profit remained strong.

Business review

Darke & Taylor is a specialist company that provides a multi-disciplinary and integrated approach to building services incorporating electrical, network, mechanical, public health, fire, security and energy efficiency systems. The company provides high quality, compliant solutions for the design and installation of these systems as a specialist subcontractor to main contractors and project managers constructing and refurbishing buildings, and also to the landlords, owners and occupants of buildings who require maintenance, testing, remedial repairs and minor works.
The directors and senior management play an important part in day-to-day operations, and bring their extensive experience to each project. Furthermore, in an industry where the extensive use of sub-contract and agency labour is common, the company has a proud tradition of committing to the direct employment of site and office staff. Continual investment in staff training, staff benefits, and an award-winning apprenticeship scheme are important aspects of the company’s long-term, sustainable plan to continually develop its workforce and provide the skills, experience and technical knowledge to deliver services that meet client requirements and keep up to date with advancing technology in its sector.
The company benefits from high levels of repeat business and focuses on developing long-term relationships with its valued client base. As the company progresses and evolves it continues to acquire new clients that it looks to establish relationships with. In particular the company is experiencing growth in its integrated approach to building services and is now established as a multi-disciplinary MEP services company that is well placed to deliver the future requirements for the drive towards zero carbon and digital transformation in the sectors it operates in.
As the company continues to develop both its range of services and the scale at which it can operate, the selection and management of a quality supply chain is key. The commercial relationships with this supply chain are seen as an important component of the company’s ability to deliver. Collaboration, partnership, fair treatment and good payment terms are the core principles that ensure that these relationships continue to succeed.
Despite the disruption caused to the UK economy in recent years by the coronavirus pandemic, Brexit and high inflation, the company has delivered significant growth and solid financial performance. This has been achieved through its commitment to high-quality solutions, staff investment, and excellent service levels. The directors are optimistic for the company’s future prospects and its ability to generate excellent levels of repeat and referral business.

Principal risks and uncertainties

The business faces no specific risks over the coming year, but its marketplace is competitive and the company is exposed to general risks associated with operating in the building sector and to broader economic trends. Cash flow has been identified as a general risk that might affect the business, however there are sufficient cash reserves and credit facilities available. Where risks can be identified they have been addressed and actions taken, where possible, to control them.

Financial key performance indicators

The key performance indicators defined by the company are turnover, trading profit and cash.

Page 1

DARKE & TAYLOR GROUP LIMITED

GROUP STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Other key performance indicators

The company has no other defined key performance indicators.

This report was approved by the board on 23 September 2025 and signed on its behalf.

S D Newton

Director

Page 2

DARKE & TAYLOR GROUP LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 for the Group's financial statements and then apply them consistently;

∙make judgments 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 Group 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 the Group and to 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.

Results and dividends

The profit for the year, after taxation, amounted to £3,058,304 (2023 - £3,157,498).

During the year equity dividends of £602,150 were paid (2023 - £908,600). No final dividend is recommended by the directors in respect of the year’s result.

Directors

The directors who served during the year were:

S D Newton

G P Winstone

J Butler

K Richmond

M Swadling

Future developments

There are no future material developments to disclose within these financial statements.

Page 3

DARKE & TAYLOR GROUP LIMITED

DIRECTORS' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Group since the period end.

Auditors

The auditors, KBDR Ltd, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 23 September 2025 and signed on its behalf.

S D Newton

Director

Page 4

DARKE & TAYLOR GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DARKE & TAYLOR GROUP LIMITED

Opinion

We have audited the financial statements of Darke & Taylor Group Limited (the 'parent Company') and its subsidiaries (the 'Group') for the year ended 31 December 2024, which comprise the Consolidated statement of comprehensive income, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows, the Consolidated statement of changes in equity, the Company statement of changes in equity and the related notes, 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's affairs as at 31 December 2024 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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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 or 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.

Page 5

DARKE & TAYLOR GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DARKE & TAYLOR GROUP LIMITED (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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.

Opinion 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 Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Group strategic report and the Directors' report 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 Directors' report.

We have nothing to report in respect of the following matters in relation to which 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.

Page 6

DARKE & TAYLOR GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DARKE & TAYLOR GROUP LIMITED (CONTINUED)

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 3, 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 is 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.

Page 7

DARKE & TAYLOR GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DARKE & TAYLOR GROUP LIMITED (CONTINUED)

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 an Auditors' report 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 Group financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The following laws and regulations were identified as being of significance to the entity:
- Those laws and regulations considered to have a direct effect on the financial statements include UK
financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.
- Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the
business and therefore may have a material effect on the financial statements include health and safety
legislation.
Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and
non-compliance with law regulations) comprised of: enquiries of management and those charged with
governance as to whether the entity complies with such laws and regulations; enquires with the same concerning
any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes;
testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected
movements in account balances which may be indicative of fraud.
No instances of material non-compliance were identified. However, the likelihood of detecting irregularities,
including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s
controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from
fraud might be inherently more difficult to detect than irregularities that result from error. As explained above,
there is an unavoidable risk that material misstatements may not be detected, even though the audit has been
planned and performed in accordance with ISAs (UK).
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
Auditors' Report.

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 Auditors' report.

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 an Auditors' report 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.

Page 8

DARKE & TAYLOR GROUP LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DARKE & TAYLOR GROUP LIMITED (CONTINUED)

Lorraine Butler FCA (Senior statutory auditor)

for and on behalf of

KBDR Ltd

Chartered Accountants & Registered Auditors

The Old Tannery

Hensington Road

Woodstock

Oxon

OX20 1JL

23 September 2025

Page 9

DARKE & TAYLOR GROUP LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 31 DECEMBER 2024


	2024	2023
Note	£	£


Turnover	4	38,779,864	32,966,586
Cost of sales		(29,627,331)	(24,579,741)
Gross profit		9,152,533	8,386,845
Administrative expenses		(5,230,840)	(4,276,276)
Operating profit	5	3,921,693	4,110,569
Interest receivable and similar income	9	43,794	39,929
Interest payable and similar expenses	10	(37,239)	30,164
Profit before tax		3,928,248	4,180,662
Tax on profit	11	(869,944)	(1,023,164)
Profit for the financial year		3,058,304	3,157,498

Other comprehensive income for the year
Total comprehensive income for the year		3,058,304	3,157,498

Profit for the year attributable to:
Owners of the parent company	(3,058,304)	(3,157,498)
	(3,058,304)	(3,157,498)

Total comprehensive income attributable to:

The notes on pages 20 to 38 form part of these financial statements.

Page 10

DARKE & TAYLOR GROUP LIMITED

CONSOLIDATED BALANCE SHEET

AS AT 31 DECEMBER 2024


	2024	2023
Note	£	£

Fixed assets
Intangible assets	12		376,573		502,096
Tangible assets	13		4,999,410		2,973,379
Investments	14		22,600		22,600
			5,398,583		3,498,075
Current assets
Stocks	15	18,778		14,716
Debtors	16	4,072,721		347,129
Cash at bank and in hand	17	1,570,307		3,805,782
		5,661,806		4,167,627
Creditors: amounts falling due within one year		(4,413,577)		(3,807,395)
Net current assets			1,248,229		360,232
Total assets less current liabilities			6,646,812		3,858,307
Creditors: amounts falling due after more than one year			(126,235)		(15,070)
Provisions for liabilities
Deferred taxation	22	(564,951)		(343,765)
			(564,951)		(343,765)
Net assets excluding pension asset			5,955,626		3,499,472
Net assets			5,955,626		3,499,472

Page 11

DARKE & TAYLOR GROUP LIMITED

REGISTERED NUMBER: 14246254

CONSOLIDATED BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024


	2024	2023
Note	£	£

Capital and reserves
Called up share capital	23	50,000	50,000
Share premium account	24	450,000	450,000
Property revaluation reserve	24	315,624	315,624
Profit and loss account	24	5,140,002	2,683,848
Equity attributable to owners of the parent Company		5,955,626	3,499,472
		5,955,626	3,499,472

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2025.

S D Newton	G P Winstone
Director	Director

The notes on pages 20 to 38 form part of these financial statements.

Page 12

DARKE & TAYLOR GROUP LIMITED

REGISTERED NUMBER: 14246254

COMPANY BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	14		6,171,735		6,171,735
			6,171,735		6,171,735
Current assets
Debtors	16	169,102		169,102
Cash at bank and in hand	17	269,446		203,259
		438,548		372,361
Creditors: amounts falling due within one year	18	(6,107,763)		(6,041,891)
Net current liabilities			(5,669,215)		(5,669,530)
Total assets less current liabilities			502,520		502,205


Net assets excluding pension asset			502,520		502,205
Net assets			502,520		502,205

Capital and reserves
Called up share capital	23		50,000		50,000
Share premium account	24		450,000		450,000
Profit and loss account brought forward		2,205		(49,280)
Profit for the year		602,465		960,085
Other changes in the profit and loss account		(602,150)		(908,600)
Profit and loss account carried forward			2,520		2,205
			502,520		502,205

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2025.

S D Newton	G P Winstone
Director	Director

The notes on pages 20 to 38 form part of these financial statements.

Page 13

DARKE & TAYLOR GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Share premium account	Leasehold property revaluation reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 January 2024	50,000	450,000	315,624	2,683,848	3,499,472
Comprehensive income for the year
Profit for the year	-	-	-	3,058,304	3,058,304
Other comprehensive income for the year	-	-	-	-	-
Total comprehensive income for the year	-	-	-	3,058,304	3,058,304
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(602,150)	(602,150)
Total transactions with owners	-	-	-	(602,150)	(602,150)
At 31 December 2024	50,000	450,000	315,624	5,140,002	5,955,626

The notes on pages 20 to 38 form part of these financial statements.

Page 14

DARKE & TAYLOR GROUP LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2023

	Called up share capital	Share premium account	Leasehold property revaluation reserve	Profit and loss account	Total equity
	£	£	£	£	£
At 1 January 2023 (as previously stated)	50,000	450,000	-	607,466	1,107,466
Prior year adjustment - correction of error	-	-	-	(164,348)	(164,348)
Prior year adjustment - change in accounting policy	-	-	324,515	(17,059)	307,456
At 1 January 2023 (as restated)	50,000	450,000	324,515	426,059	1,250,574
Comprehensive income for the year
Profit for the year	-	-	-	3,157,498	3,157,498
Adjustment for depreciation on revaluation	-	-	-	8,891	8,891
Adjustment for depreciation on revaluation	-	-	(8,891)	-	(8,891)
Other comprehensive income for the year	-	-	(8,891)	8,891	-
Total comprehensive income for the year	-	-	(8,891)	3,166,389	3,157,498
Contributions by and distributions to owners
Dividends: Equity capital	-	-	-	(908,600)	(908,600)
Total transactions with owners	-	-	-	(908,600)	(908,600)
At 31 December 2023	50,000	450,000	315,624	2,683,848	3,499,472

The notes on pages 20 to 38 form part of these financial statements.

Page 15

DARKE & TAYLOR GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2024

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2024	50,000	450,000	2,205	502,205
Comprehensive income for the year
Profit for the year	-	-	602,465	602,465
Other comprehensive income for the year	-	-	-	-
Total comprehensive income for the year	-	-	602,465	602,465
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(602,150)	(602,150)
Total transactions with owners	-	-	(602,150)	(602,150)
At 31 December 2024	50,000	450,000	2,520	502,520

The notes on pages 20 to 38 form part of these financial statements.

Page 16

DARKE & TAYLOR GROUP LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 31 DECEMBER 2023

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 January 2023	50,000	450,000	(49,280)	450,720
Comprehensive income for the year
Profit for the year	-	-	960,085	960,085
Other comprehensive income for the year	-	-	-	-
Total comprehensive income for the year	-	-	960,085	960,085
Contributions by and distributions to owners
Dividends: Equity capital	-	-	(908,600)	(908,600)
Total transactions with owners	-	-	(908,600)	(908,600)
At 31 December 2023	50,000	450,000	2,205	502,205

The notes on pages 20 to 38 form part of these financial statements.

Page 17

DARKE & TAYLOR GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024

			2024	2023
			£	£

Cash flows from operating activities
Profit for the financial year	3,058,304	3,157,498
Adjustments for:
Amortisation of intangible assets	125,523	125,523
Depreciation of tangible assets	523,249	283,758
Loss on disposal of tangible assets	1,741	(17,153)
Interest paid	37,239	(30,164)
Interest received	(43,794)	(39,929)
Taxation charge	869,944	1,023,164
(Increase)/decrease in stocks	(4,062)	-
(Increase)/decrease in debtors	(3,725,591)	461,314
Increase/(decrease) in creditors	1,324,479	(2,256,299)
Corporation tax (paid)	(1,418,090)	(477,215)
(Increase) in stocks	-	587
Net cash generated from operating activities	748,942	2,231,084

Cash flows from investing activities
Purchase of tangible fixed assets	(2,602,201)	(755,047)
Sale of tangible fixed assets	51,183	89,671
Interest received	43,794	39,929
HP interest paid	(3,822)	(3,566)
Net cash from investing activities	(2,511,046)	(629,013)
Cash flows from financing activities
Repayment of loans	-	(956,020)
Repayment of/new finance leases	162,196	(57,086)
Dividends paid	(602,150)	(908,600)
Interest paid	(33,417)	33,730
Net cash used in financing activities	(473,371)	(1,887,976)
Net (decrease) in cash and cash equivalents	(2,235,475)	(285,905)
Cash and cash equivalents at beginning of year	3,805,782	4,091,687
Cash and cash equivalents at the end of year	1,570,307	3,805,782

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	1,570,307	3,805,782

Page 18

DARKE & TAYLOR GROUP LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

		2024	2023
		£	£

	1,570,307	3,805,782

The notes on pages 20 to 38 form part of these financial statements.

Page 19

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Darke & Taylor Group Limited was incorporated on 20 July 2022, Company Registration Number 14246254.
A company limited by shares and incorporated in England and Wales.
Registered office address
Radiant House
11 Blenheim Office Park
Long Hanborough
Witney
Oxfordshire
OX29 8LN.
The principal activity of the group is that of the provision of building engineering services.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 3).

The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements.

The following principal accounting policies have been applied:

2.2

Basis of consolidation

The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.
The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases.
In accordance with the transitional exemption available in FRS 102, the Group has chosen not to retrospectively apply the standard to business combinations that occurred before the date of transition to FRS 102, being .

Page 20

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Group and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Group has transferred the significant risks and rewards of ownership to the buyer;

∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Group will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Group will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Group as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 21

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

Pensions

Defined contribution pension plan

The Group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Group pays fixed contributions into a separate entity. Once the contributions have been paid the Group has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Group in independently administered funds.

2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 22

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of the Group's share of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Consolidated statement of comprehensive income over its useful economic life of 5 years..

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Long-term leasehold property	-	2%	straight line
Plant and machinery	-	25%	reducing balance
Motor vehicles	-	20%	reducing balance
Fixtures and fittings	-	25%	reducing balance
Office equipment	-	25%	reducing balance
Computer equipment	-	33%	reducing balance
Other fixed assets	-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 23

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.11

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Consolidated statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.13

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 24

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Consolidated statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Group's cash management.

2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.18

Financial instruments

The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Group has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Group's Balance sheet when the Group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Group's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of

Page 25

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.18

Financial instruments (continued)

financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans, other loans and loans due to fellow group companies are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are

Page 26

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.18

Financial instruments (continued)

subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Group transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Group will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Group's contractual obligations expire or are discharged or cancelled.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with
reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the
work carried out at the year end, by recording turnover and related costs as contract activity progresses.
Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total
expected costs for that contract. Revenues derived from variations on contracts are recognised only when
they have been accepted by the customer. Full provision is made for losses on all contracts in the year in
which they are first foreseen.

Turnover

Analysis of turnover by country of destination:

					2024	2023
					£	£

United Kingdom	38,779,864	32,966,586
	38,779,864	32,966,586

Page 27

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Other operating lease rentals

103,366

81,777

Fees payable to the Company's auditors for the audit of the consolidated and parent Company's financial statements

10,340

9,400

7.	Employees
	Staff costs, including directors' remuneration, were as follows:

		Group	Group
		2024	2023
		£	£

Staff costs
Wages and salaries	12,514,523	9,820,374
Cost of defined contribution scheme	321,583	241,356
	12,836,106	10,061,730

The average monthly number of employees, including the directors, during the year was as follows:

	2024	2023
	No.	No.

Directors	6	5
Office and supervisory	67	55
Engineering staff	191	173

	264	233

Page 28

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

8.	Directors' remuneration

During the year retirement benefits were accruing to 5 directors (2023 - 5) in respect of defined contribution pension schemes.

9.	Interest receivable
		2024	2023
		£	£

	Other interest receivable	43,794	39,929
		43,794	39,929

10.	Interest payable and similar expenses
		2024	2023
		£	£

Bank interest payable	-	(12,776)
Other loan interest payable	-	(20,954)
Finance leases and hire purchase contracts	3,822	3,566
Other interest payable	33,417	-
	37,239	(30,164)

Page 29

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Corporation tax
Current tax on profits for the year	735,535	942,906
Adjustments in respect of previous periods	(86,777)	-
	648,758	942,906

Total current tax	648,758	942,906

Deferred tax
Origination and reversal of timing differences	221,186	88,908
Leasehold property revaluation provision release	-	(8,650)
Total deferred tax	221,186	80,258


	Tax on profit	869,944	1,023,164

Profit on ordinary activities before tax

3,928,248

4,180,662

Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 25%)	982,062	1,045,166
Effects of:
Adjustments to tax charge in respect of prior periods	(86,777)	-
Adjustment in research and development tax credit leading to an increase (decrease) in the tax charge	(91,013)	-
Other differences leading to an increase (decrease) in the tax charge	65,672	(22,002)
Total tax charge for the year	869,944	1,023,164

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 30

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

11.Taxation (continued)

12.	Intangible assets
	Group and Company

		Goodwill
		£
	Cost
	At 1 January 2024	627,619
	At 31 December 2024	627,619
	Amortisation
	At 1 January 2024	125,523
	Charge for the year	125,523
	At 31 December 2024	251,046
	Net book value
	At 31 December 2024	376,573
	At 31 December 2023	502,096

13.	Tangible fixed assets
	Group

	Long-term leasehold property	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment
	£	£	£	£	£
Cost or valuation
At 1 January 2024	1,790,000	43,430	1,789,728	40,744	96,637
Additions	540,750	11,769	2,000,499	-	-
Disposals	-	-	(139,759)	-	-

Page 31

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13.Tangible fixed assets (continued)

At 31 December 2024	2,330,750	55,199	3,650,468	40,744	96,637
Depreciation
At 1 January 2024	69,200	28,328	632,019	35,788	95,723
Charge for the year on owned assets	37,648	6,718	442,701	1,239	228
Disposals	-	-	(86,835)	-	-
At 31 December 2024	106,848	35,046	987,885	37,027	95,951
Net book value
At 31 December 2024	2,223,902	20,153	2,662,583	3,717	686
At 31 December 2023	1,720,800	15,102	1,157,709	4,956	914
				Other fixed assets	Total
				£	£
Cost or valuation
At 1 January 2024				317,190	4,077,729
Additions				49,183	2,602,201
Disposals				-	(139,759)
At 31 December 2024				366,373	6,540,171
Depreciation
At 1 January 2024				243,290	1,104,348
Charge for the year on owned assets				34,714	523,248
Disposals				-	(86,835)
At 31 December 2024				278,004	1,540,761
Net book value
At 31 December 2024				88,369	4,999,410
At 31 December 2023				73,900	2,973,381

Page 32

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13.Tangible fixed assets (continued)

The net book value of land and buildings may be further analysed as follows:
	2024	2023
	£	£

Long leasehold	2,223,902	1,720,800
	2,223,902	1,720,800

14.	Fixed asset investments
	Group

		Unlisted investments
		£
	Cost or valuation
	At 1 January 2024	22,600
	At 31 December 2024	22,600

	Company

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2024	6,171,735
	At 31 December 2024	6,171,735

Page 33

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Class of shares	Holding

Darke & Taylor Holdings Limited

Ordinary

100%

	The aggregate of the share capital and reserves as at 31 December 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:
	Name	Aggregate of share capital and reserves	Profit/(Loss)

Darke & Taylor Holdings Limited

9,092,014

2,196,615

15.	Stocks
		2024	2023
		£	£

Finished goods and goods for resale	18,778	14,716
	18,778	14,716

Page 34

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

16.

Debtors

Group	Group	Company	Company
2024	2023	2024	2023
£	£	£	£

Due after more than one year
Amounts recoverable on long-term contracts	770,328	132,038	-	-
	770,328	132,038	-	-
Due within one year
Trade debtors	2,980,606	54,441	-	-
Amounts owed by group undertakings	-	-	169,102	169,102
Other debtors	100,310	43,293	-	-
Prepayments and accrued income	221,477	117,357	-	-
	4,072,721	347,129	169,102	169,102

17.	Cash and cash equivalents
		Group	Group	Company	Company
		2024	2023	2024	2023
		£	£	£	£

Cash at bank and in hand	1,570,307	3,805,782	269,446	203,259
	1,570,307	3,805,782	269,446	203,259

18.	Creditors: Amounts falling due within one year
		Group	Group	Company	Company
		2024	2023	2024	2023
		£	£	£	£

Payments received on account	26,563	26,184	-	-
Trade creditors	3,047,423	1,876,779	-	-
Amounts owed to group undertakings	-	-	5,753,052	5,753,052
Corporation tax	135,024	904,355	-	-
Other taxation and social security	298,151	193,230	-	-
Obligations under finance lease and hire purchase contracts	95,799	44,768	-	-
Other creditors	797,217	748,679	354,711	288,839
Accruals and deferred income	13,400	13,400	-	-
	4,413,577	3,807,395	6,107,763	6,041,891

Page 35

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

19.	Creditors: Amounts falling due after more than one year
		Group	Group
		2024	2023
		£	£

Net obligations under finance leases and hire purchase contracts	126,235	15,070
	126,235	15,070

National Westminister Bank plc has a fixed and floating charge over the assets of the Group as a whole.

Within one year	95,799	44,768
Between 1-5 years	126,235	15,070
	222,034	59,838

21.	Financial instruments
		Group	Group	Company	Company
		2024	2023	2024	2023
		£	£	£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	1,570,307	5,735,661	6,610,283	6,544,096

Financial assets measured at fair value through profit or loss comprise: Investments, Leasehold property, cash at bank and in hand and trade debtors and amounts recoverable on long term contracts.

Page 36

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

22.	Deferred taxation
	Group

		2024
		£

	At beginning of year	(343,765)
	Charged to profit or loss	(221,186)
	At end of year	(564,951)

Company

		2024

	At end of year	-

		Group	Group
		2024	2023
		£	£

Accelerated capital allowances	(471,116)	(249,930)
Leasehold property revaluation	(93,835)	(93,835)
	(564,951)	(343,765)

23.	Share capital
		2024	2023
		£	£

Authorised, allotted, called up and fully paid

500,000 (2023 - 500,000) Ordinary shares shares of £0.10 each	50,000	50,000

Page 37

DARKE & TAYLOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

24.

Reserves

Share premium account

During 2022 the company issued 500,000 ordinary shares at a premium of 90p per share.

Leasehold property revaluation reserve

Represents the fair value increase of the Leasehold property.

Profit and loss account

Represents all current and prior period retained profits and losses.

25.	Pension commitments

The group operates defined contribution pension schemes. The assets of the schemes are held
separately from those of the group in independently administered funds. The pension cost charge
represents contributions payable by the group to the funds.

26.	Commitments under operating leases

The group and the company had no commitments under non-cancellable operating leases at the balance sheet date.

27.	Related party transactions
	Group Transactions between group companies, which are related parties, have been eliminated on consolidation and are not disclosed within this note.

28.	Controlling party

No individual shareholder owns a majority of the voting rights. Therefore, there is no parent entity or ultimate controlling party by virtue of shareholdings.
The company is controlled by the directors who are all equal shareholders.

Page 38