REGISTERED NUMBER: 02614493 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Driscoll Brothers Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Driscoll

Mrs C Driscoll

Mrs P J Driscoll

SECRETARY:

Mrs C Driscoll

REGISTERED OFFICE:

The Cornerstone

Oak Green, Stanley Green Business Park

Cheadle Hulme

Cheadle

SK8 6QL

REGISTERED NUMBER:

02614493 (England and Wales)

ACCOUNTANTS:

Sterling Partners Limited

Chartered Accountants

Chartered Tax Advisors

2nd Floor, Grove House

774-780 Wilmslow Road

Didsbury

Manchester

Greater Manchester

M20 2DR

FIXED ASSETS

Tangible assets

4

248,120

163,854

CURRENT ASSETS

Debtors

5

919,425

525,167

Cash at bank and in hand

1,196,177

1,338,405

2,115,602

1,863,572

CREDITORS

Amounts falling due within one year

6

(1,143,031

)

(1,335,856

)

NET CURRENT ASSETS

972,571

527,716

TOTAL ASSETS LESS CURRENT LIABILITIES

1,220,691

691,570

PROVISIONS FOR LIABILITIES

(62,030

)

(40,963

)

NET ASSETS

1,158,661

650,607

CAPITAL AND RESERVES

Called up share capital

23

23

Retained earnings

1,158,638

650,584

1,158,661

650,607

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 25 September 2025 and were signed on its behalf by:

Mr M J Driscoll - Director

1.	STATUTORY INFORMATION

Driscoll Brothers 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.

The parent company of the group is Driscoll Brothers Holdings Limited. The registered office is:

The Cornerstone

Oak Green

Stanley Green Business Park

Cheadle Hulme

Cheadle

SK8 6QL

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 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.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

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.

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 21 (2023 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

122,450

46,776

-

53,345

222,571

Additions

81,649

1,593

16,705

23,275

123,222

At 31 December 2024

204,099

48,369

16,705

76,620

345,793

DEPRECIATION

At 1 January 2024

18,555

8,231

-

31,931

58,717

Charge for year

18,555

6,021

2,506

11,874

38,956

At 31 December 2024

37,110

14,252

2,506

43,805

97,673

NET BOOK VALUE

At 31 December 2024

166,989

34,117

14,199

32,815

248,120

At 31 December 2023

103,895

38,545

-

21,414

163,854

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

372,478

494,632

Payment on account

42,675

-

Amounts owed by group undertakings

1,608

-

Prepayment

492,256

20,127

909,017

514,759

Amounts falling due after more than one year:

Loans to related parties

10,408

10,408

Aggregate amounts

919,425

525,167

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Payments on account

711

-

Trade creditors

54,712

237,557

Amounts owed to group undertakings

-

765,228

Tax

345,520

222,346

Social security and other taxes

22,493

19,036

Pension fund

3,706

2,058

VAT

9,868

73,358

Credit card

421

9,989

Directors' current accounts

-

1,687

Accruals and deferred income

705,600

4,597

1,143,031

1,335,856

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

2024

2023

£

£

Mr M J Driscoll

Balance outstanding at start of year

1,375

25,715

Amounts advanced

23,629

1,007

Amounts repaid

(25,004

)

(25,347

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,375

Mrs P J Driscoll

Balance outstanding at start of year

312

66,849

Amounts advanced

9

-

Amounts repaid

(321

)

(66,537

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

312

8.	RELATED PARTY DISCLOSURES

Driscoll Brothers Properties Limited

A company in which Mr M J Driscoll is a shareholder

2024

2023

£

£

Amount due from related party at the balance sheet date

10,408

10,408

9.	ULTIMATE CONTROLLING PARTY

The controlling parties are Mr M J Driscoll and Mrs P J Driscoll.