REGISTERED NUMBER: 01043156 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

D.F. Warehouses Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S R Wescott

G I Sankey

SECRETARY:

D Gould

REGISTERED OFFICE:

Macdonald House

21-31 Kelvin Way

Crawley

West Sussex

RH10 9SP

REGISTERED NUMBER:

01043156 (England and Wales)

AUDITORS:

Brewers Chartered Accountants (Statutory Auditors)

Unit 3

Birtley Courtyard

Bramley

Surrey

GU5 0LA

FIXED ASSETS

Tangible assets

5

56,213

111,389

CURRENT ASSETS

Debtors

6

188,923

423,250

Cash at bank and in hand

370,363

5,231

559,286

428,481

CREDITORS

Amounts falling due within one year

7

481,438

201,160

NET CURRENT ASSETS

77,848

227,321

TOTAL ASSETS LESS CURRENT LIABILITIES

134,061

338,710

PROVISIONS FOR LIABILITIES

10

10,899

20,939

NET ASSETS

123,162

317,771

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

118,162

312,771

SHAREHOLDERS' FUNDS

123,162

317,771

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

G I Sankey - Director

1.	STATUTORY INFORMATION

D.F. Warehouses 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern principle

The financial statements have been prepared on a going concern basis; the Directors have considered the basis of accounting in light of the strength of the Group Balance Sheet, and consider that the adoption of the going concern principle is appropriate.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover 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:

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 Company 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Tangible fixed assets are recorded at cost.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

444,958

9,864

58,860

513,682

Disposals

(36,240

)

-

(31,000

)

(67,240

)

At 31 December 2024

408,718

9,864

27,860

446,442

DEPRECIATION

At 1 January 2024

378,415

6,417

17,461

402,293

Charge for year

34,150

987

5,572

40,709

Eliminated on disposal

(36,240

)

-

(16,533

)

(52,773

)

At 31 December 2024

376,325

7,404

6,500

390,229

NET BOOK VALUE

At 31 December 2024

32,393

2,460

21,360

56,213

At 31 December 2023

66,543

3,447

41,399

111,389

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

102,000

Transfer to ownership

(102,000

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

86,700

Charge for year

15,300

Transfer to ownership

(102,000

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

15,300

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

29,607

66,549

Amounts owed by group undertakings

159,316

336,777

Prepayments and accrued income

-

19,924

188,923

423,250

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,821

5,853

Hire purchase contracts (see note 8)

-

15,300

Trade creditors

45,300

55,622

Amounts owed to group undertakings

152,233

-

Tax

78,900

26,285

VAT

68,337

35,047

Other creditors

113,411

54,553

Accruals and deferred income

15,436

8,500

481,438

201,160

The hire purchase agreements are secured over the assets to which the agreements relate.

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2024

2023

£

£

Gross obligations repayable:

Within one year

-

17,282

Finance charges repayable:

Within one year

-

1,982

Net obligations repayable:

Within one year

-

15,300

Non-cancellable

operating leases

2024

2023

£

£

Within one year

-

2,105

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Hire purchase agreements

-

15,300

The hire purchase agreements are secured by a charge over the assets to which the agreements relate.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

10,899

20,939

Deferred

tax

£

Balance at 1 January 2024

20,939

Utilised during year

(10,040

)

Balance at 31 December 2024

10,899

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

The Report of the Auditors was unqualified.

Andrew Skilton (Senior Statutory Auditor)

for and on behalf of Brewers Chartered Accountants (Statutory Auditors)

12.	ULTIMATE CONTROLLING PARTY

D.F. Warehouses Limited is a 100% subsidiary of Cecil Macdonald & Co Limited. The results of D.F. Warehouses Limited are consolidated in the financial statements of Cecil Macdonald & Co Limited. Registered office: 21-31 Kelvin Way, Crawley, RH10 9SP.