REGISTERED NUMBER: 08848623 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

DPGOC LTD

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Investments

4

200,201

200,301

Investment property

5

123,556

123,556

323,757

323,857

CURRENT ASSETS

Debtors

6

4,597,269

4,137,873

Cash at bank

284,890

7,107

4,882,159

4,144,980

CREDITORS

Amounts falling due within one year

7

(7,268

)

(3,182

)

NET CURRENT ASSETS

4,874,891

4,141,798

TOTAL ASSETS LESS CURRENT LIABILITIES

5,198,648

4,465,655

CAPITAL AND RESERVES

Called up share capital

209

209

Capital redemption reserve

43

43

Retained earnings

5,198,396

4,465,403

5,198,648

4,465,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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:

B A Ciupek - Director

1.	STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1 Willow Row, Longton, Stoke on Trent, Staffordshire, 5T3 2PU. The principal activity of the company is that of a holding company holding investments in trading subsidiaries.

The DP Group of Companies combines the skills of various people and companies all involved with equipment for the generation of compressed air, or equipment that uses compressed air.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

The financial statements have been prepared on the historical cost basis as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

CONSOLIDATION

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

FINANCIAL INSTRUMENTS

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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

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

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

IMPAIRMENT OF FIXED ASSETS

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 March 2024

200,301

Impairments

(100

)

At 28 February 2025

200,201

NET BOOK VALUE

At 28 February 2025

200,201

At 29 February 2024

200,301

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

123,556

NET BOOK VALUE

At 28 February 2025

123,556

At 29 February 2024

123,556

The directors consider the investment property to be stated at fair value as at 28 February 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Amounts owed by group undertakings

3,959,475

3,505,702

Other debtors

105,190

105,206

Directors' loan accounts

532,604

526,965

4,597,269

4,137,873

Amounts owed from group undertakings are unsecured, interest free and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Tax

3,710

-

Other creditors

2,458

2,192

Accrued expenses

1,100

990

7,268

3,182

A charge in favour of Svenska Handelsbanken Ab (Publ) exists dated 11 September 2014 incorporating a fixed and floating charge over all current and future assets of the company.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25

29.2.24

£

£

A L Machin

Balance outstanding at start of year

186,202

186,392

Amounts advanced

188,678

212,877

Amounts repaid

(186,205

)

(213,067

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

188,675

186,202

B A Ciupek

Balance outstanding at start of year

215,371

211,851

Amounts advanced

217,468

243,087

Amounts repaid

(215,375

)

(239,567

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

217,464

215,371

H B Ciupek

Balance outstanding at start of year

125,392

123,892

Amounts advanced

126,468

152,087

Amounts repaid

(125,395

)

(150,587

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

126,465

125,392

The directors' loans are interest free and unsecured with no fixed repayment term.

By virtue of the loan accounts, a liability to taxation exists under section 455 of CTA 2010 in the sum of £179,754 which will be repaid or discharged when the loans are repaid. It is anticipated that the loans will be repaid within nine months of the year end and, as such, no provision for the taxation has been made.

9.	EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant post balance sheet events up to the date of approval of the financial statements by the Board.