REGISTERED NUMBER: 02565354 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Cavey Dale Group Limited

T/A

CD Sales Recruitment

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Statement of Financial Position

4

Statement of Changes in Equity

6

Notes to the Financial Statements

7

DIRECTORS:

B H Luton

H W Lee

P Bramble

J Carroll

R Murray

D Sales

D E Murphy

REGISTERED OFFICE:

Suites 1A & 2A Oaks House

12-22 West Street

Epsom

Surrey

KT18 7RG

REGISTERED NUMBER:

02565354 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

1 Gemini Court

42a Throwley Way

Sutton

Surrey

SM1 4AF

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

B H Luton

H W Lee

P Bramble

J Carroll

R Murray

D Sales

D E Murphy

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

B H Luton - Director

30 September 2025

REVENUE

8,077,649

6,627,520

Administrative expenses

6,877,127

5,929,668

OPERATING PROFIT

4

1,200,522

697,852

Interest receivable and similar income

18,290

5,026

1,218,812

702,878

Interest payable and similar expenses

3,048

4,378

PROFIT BEFORE TAXATION

1,215,764

698,500

Tax on profit

332,286

184,963

PROFIT FOR THE FINANCIAL YEAR

883,478

513,537

FIXED ASSETS

Property, plant and equipment

5

84,176

74,802

Investments

6

1,163

1,188

85,339

75,990

CURRENT ASSETS

Debtors

7

4,086,416

3,617,523

Cash at bank

959,735

624,258

5,046,151

4,241,781

CREDITORS

Amounts falling due within one year

8

839,827

581,034

NET CURRENT ASSETS

4,206,324

3,660,747

TOTAL ASSETS LESS CURRENT LIABILITIES

4,291,663

3,736,737

CREDITORS

Amounts falling due after more than one year

9

(44,745

)

(55,723

)

PROVISIONS FOR LIABILITIES

(20,671

)

(18,245

)

NET ASSETS

4,226,247

3,662,769

CAPITAL AND RESERVES

Called up share capital

10

4,000

4,000

Capital redemption reserve

200

200

Retained earnings

4,222,047

3,658,569

SHAREHOLDERS' FUNDS

4,226,247

3,662,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

B H Luton - Director

Called up

Capital

share

Retained

redemption

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 April 2023

4,000

3,152,032

200

3,156,232

Changes in equity

Dividends

-

(7,000

)

-

(7,000

)

Total comprehensive income

-

513,537

-

513,537

Balance at 31 March 2024

4,000

3,658,569

200

3,662,769

Changes in equity

Dividends

-

(320,000

)

-

(320,000

)

Total comprehensive income

-

883,478

-

883,478

Balance at 31 March 2025

4,000

4,222,047

200

4,226,247

1.	STATUTORY INFORMATION

Cavey Dale 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.	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.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Property, plant and equipment

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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 44 (2024 - 41 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

28,059

24,934

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

91,765

83,140

87,729

262,634

Additions

-

-

37,433

37,433

At 31 March 2025

91,765

83,140

125,162

300,067

DEPRECIATION

At 1 April 2024

85,098

36,374

66,360

187,832

Charge for year

1,667

11,691

14,701

28,059

At 31 March 2025

86,765

48,065

81,061

215,891

NET BOOK VALUE

At 31 March 2025

5,000

35,075

44,101

84,176

At 31 March 2024

6,667

46,766

21,369

74,802

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

1,188

Exchange differences

(25

)

At 31 March 2025

1,163

NET BOOK VALUE

At 31 March 2025

1,163

At 31 March 2024

1,188

The company owns 100% shares in Cavey Dale Group Inc, incorporated in the U.S.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,164,441

1,411,189

Other debtors

2,921,975

2,206,334

4,086,416

3,617,523

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

10,978

9,648

Trade creditors

11,799

11,144

Taxation and social security

745,461

503,966

Other creditors

71,589

56,276

839,827

581,034

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

44,745

55,723

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4,000,000

Ordinary

£0.00

1

4,000

4,000

11.	OTHER FINANCIAL COMMITMENTS

The company has lease payments due within one year of £113,132 (2024: £121,910) and within two to five years of £571,974 (2024: £Nil). From August 2027 the lease payments will be reviewed based on market value.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, an amount of £2,774,518 (2024: £2,070,269) was owed by the parent company Meddpicc Ltd, incorporated in England and Wales.

During the year management fees of totalling £80,000 (2024: £80,000) were paid to the parent company Meddpicc Ltd.

At the year end date, included in trade debtors, an amount of £Nil (2024: £476,811) was receivable from Cavey Dale Group Inc, which is 100% owned subsidiary incorporated in the U.S. During the year, revenue of £Nil (2024: £193,828) was generated from Cavey Dale Group Inc, incorporated in the U.S.

At the year end date, included in other debtors, an amount of £35,467 (2024: £Nil) was due from Cavey Dale Group Inc.

13.	ULTIMATE CONTROLLING PARTY

The ultimate control party is the parent company, Meddpicc Ltd, which owns 100% of the shares of the company,

14.

CHARGES

The company has entered into three charges with Santander UK PLC on 5th November 2021 by legal charges over all freehold and leasehold property owned by the company at the charge creation date and all future freehold and leasehold property of the company.