REGISTERED NUMBER: 02988354 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DIE-PAT DIVISIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Gleghorn

C L Brander

SECRETARY:

C L Brander

REGISTERED OFFICE:

The Die-Pat Centre

Broad March

Daventry

Northamptonshire

NN11 4HE

REGISTERED NUMBER:

02988354 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

161 Newhall Street

Birmingham

B3 1SW

FIXED ASSETS

Tangible assets

4

120,045

143,422

CURRENT ASSETS

Stocks

597,839

798,643

Debtors

5

2,347,578

2,081,007

Cash at bank

20,607

-

2,966,024

2,879,650

CREDITORS

Amounts falling due within one year

6

626,880

718,294

NET CURRENT ASSETS

2,339,144

2,161,356

TOTAL ASSETS LESS CURRENT LIABILITIES

2,459,189

2,304,778

CREDITORS

Amounts falling due after more than one year

7

(67,545

)

(77,143

)

PROVISIONS FOR LIABILITIES

(29,280

)

(34,964

)

NET ASSETS

2,362,364

2,192,671

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

2,352,364

2,182,671

SHAREHOLDERS' FUNDS

2,362,364

2,192,671

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 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 29 September 2025 and were signed on its behalf by:

C L Brander - Director

1.	STATUTORY INFORMATION

Die-Pat Divisions 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.	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.

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

at variable rates on reducing balance

Computer equipment

-

33.33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Current and deferred tax

Current tax, including UK corporation tax, is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and it results as stated in the financial statements that arise from inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expended to apply to the reversal of the timing differences.

Where items recognised in other comprehensive income and equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.

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

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

Rental income is received on assets used in operating lease agreements. The income is credited to the profit and loss account over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

170,301

41,305

67,507

279,113

DEPRECIATION

At 1 January 2024

40,186

37,171

58,334

135,691

Charge for year

19,517

1,034

2,826

23,377

At 31 December 2024

59,703

38,205

61,160

159,068

NET BOOK VALUE

At 31 December 2024

110,598

3,100

6,347

120,045

At 31 December 2023

130,115

4,134

9,173

143,422

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

489,624

644,858

Other debtors

46,716

38,736

Amounts owed from group

1,792,178

1,381,047

Tax

15,767

13,073

Prepayments and accrued income

3,293

3,293

2,347,578

2,081,007

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

22,596

250,461

Hire purchase contracts (see note 8)

15,429

15,429

Trade creditors

228,042

151,060

Tax

68,257

91,408

Social security and other taxes

11,208

10,455

VAT

50,110

77,200

Other creditors

30,662

20,740

Amount owed to group companies

162,111

87,757

Accrued expenses

38,465

13,784

626,880

718,294

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,831

-

Hire purchase contracts (see note 8)

61,714

77,143

67,545

77,143

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

15,429

15,429

Between one and five years

61,714

77,143

77,143

92,572

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

15,831

25,831

Hire purchase contracts

77,143

92,572

92,974

118,403

Bank loans are secured by way of a guarantee, provided by Die-Pat Holdings Limited.

Hire purchase liabilities are secured against the assets to which they relate.

10.	RELATED PARTY DISCLOSURES

Included within the accounts is a debtor balance relating to a loan made out to a close family member of one of the directors, totalling £45,688.

11.	PARENT UNDERTAKING

The immediate parent undertaking is Die-Pat Holdings Limited.

The ultimate parent undertaking is Brander-Gleghorn Holdings Limited.