Darlingtons (Group) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00378061 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DARLINGTONS (GROUP) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Jones

SECRETARY:

Mrs E Jones

REGISTERED OFFICE:

Bankfield Drive

Eastham

South Wirral

CH62 0AZ

REGISTERED NUMBER:

00378061 (England and Wales)

ACCOUNTANTS:

Additions

Chartered Accountants

One Derby Square

Liverpool

L2 9QR

FIXED ASSETS

Tangible assets

5

551,074

564,990

CURRENT ASSETS

Stocks

144,020

193,588

Debtors

6

2,213,507

2,260,361

Cash at bank and in hand

55,139

71,069

2,412,666

2,525,018

CREDITORS

Amounts falling due within one year

7

1,044,836

1,164,091

NET CURRENT ASSETS

1,367,830

1,360,927

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,918,904

1,925,917

CREDITORS

Amounts falling due after more than one
year

8

-

(25,038

)

PROVISIONS FOR LIABILITIES

(85,258

)

(87,732

)

NET ASSETS

1,833,646

1,813,147

CAPITAL AND RESERVES

Called up share capital

11

80,000

Share premium

6,000

Revaluation reserve

332,132

335,990

Retained earnings

1,415,514

1,391,157

SHAREHOLDERS' FUNDS

1,833,646

1,813,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

K Jones - Director

1.	STATUTORY INFORMATION

Darlingtons (Group) 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.	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 preparation of the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.

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. Revenue for the sale of goods is recognised upon delivery.

Tangible fixed assets

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

Freehold property

-

Over 50 years

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost and 15% on cost

Motor vehicles

-

15% on cost

Freehold land is not depreciated.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The capital element of the future payments is treated as a liability. The interest element of these obligations is charged to the profit and loss account over the relevant period so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme. Contributions payable for the year are charged to the profit and loss account.

Invoice discounting

The company has adopted the separate presentation method of accounting, whereby gross discounted debts are included in the balance sheet as an asset and the advances from the discounter are included in creditors as a liability.

Investments

Investments are stated at cost less provision for diminution in value.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

610,000

202,415

82,372

103,500

998,287

DEPRECIATION

At 1 January 2024

63,680

183,745

82,372

103,500

433,297

Charge for year

6,368

7,548

-

13,916

At 31 December 2024

70,048

191,293

82,372

103,500

447,213

NET BOOK VALUE

At 31 December 2024

539,952

11,122

-

551,074

At 31 December 2023

546,320

18,670

-

564,990

Cost or valuation at 31 December 2024 is represented by:

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

Valuation in 2000

118,904

-

118,904

Valuation in 2007

377,657

-

377,657

Valuation in 2009

(50,000

)

-

(50,000

)

Valuation in 2013

10,000

-

10,000

Cost

153,439

202,415

82,372

103,500

541,726

610,000

202,415

82,372

103,500

998,287

If freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

Cost

153,439

Aggregate depreciation

27,994

26,777

Value of land in freehold land and buildings

92,575

Freehold property was valued on an open market basis on 4 November 2013 by Mason Owen Property Consultants .

This value has been adopted as deemed cost of the property on transition to FRS 102.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

519,441

561,529

Amounts owed by group undertakings

1,670,099

Other debtors

23,967

28,733

2,213,507

2,260,361

Trade debtors are subject to an invoice discounting agreement.

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

25,623

32,024

Trade creditors

455,267

539,718

Taxation and social security

49,299

102,309

Other creditors

514,647

490,040

1,044,836

1,164,091

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans

-

25,038

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

51,998

50,852

Between one and five years

116,713

156,590

168,711

207,442

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Bank loans

25,623

57,062

Other creditors

-

345,562

25,623

402,624

Secured creditors included above are as follows:

The bank loan is secured by fixed and floating charges over all property and assets of the company.

Secured other creditors comprise the balance in respect of an invoice discounting facility. The balance is secured by a fixed and floating charge over all property and assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

128,000

"A" Ordinary

25p

32,000

192,000

"B" Ordinary

25p

48,000

80,000

The ordinary "B" shares rank pari-passu in all respects with the "A" shares including voting rights.

12.	RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £4,890 (2023 - £6,682) due to K Jones, the director. This balance is interest free and repayable on demand.

13.	ULTIMATE PARENT COMPANY

The company's ultimate parent company is Safecare (Holdings) Limited whose registered office address is Bankfield Drive, Eastham, South Wirral, CH62 0AZ.