REGISTERED NUMBER: 07298981 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

DB TEXTILE COLLECTIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R W Ellson

Mrs C M Evans

Ms D E Howard

REGISTERED OFFICE:

Units 8-9 The Constellations

Orion Way

Kettering

Northamptonshire

NN15 6NL

REGISTERED NUMBER:

07298981 (England and Wales)

ACCOUNTANTS:

Bewers Turner & Co LLP

Chartered Accountants

Portland House

11-13 Station Road

Kettering

Northamptonshire

NN15 7HH

FIXED ASSETS

Tangible assets

4

69,786

66,021

CURRENT ASSETS

Stocks

20,640

41,500

Debtors

5

226,923

422,370

Cash at bank and in hand

28,529

201,727

276,092

665,597

CREDITORS

Amounts falling due within one year

6

74,846

83,269

NET CURRENT ASSETS

201,246

582,328

TOTAL ASSETS LESS CURRENT LIABILITIES

271,032

648,349

CREDITORS

Amounts falling due after more than one year

7

(516,693

)

(523,235

)

PROVISIONS FOR LIABILITIES

(10,124

)

(3,603

)

NET (LIABILITIES)/ASSETS

(255,785

)

121,511

CAPITAL AND RESERVES

Called up share capital

75

75

Retained earnings

(255,860

)

121,436

SHAREHOLDERS' FUNDS

(255,785

)

121,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 Statement of Income and Retained Earnings has not been delivered.

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

Mr R W Ellson - Director

Mrs C M Evans - Director

Ms D E Howard - Director

1.	STATUTORY INFORMATION

DB Textile Collections Ltd 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 its parent company.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

Financial instruments

The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the period end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 12 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st October 2023

4,863

47,012

39,061

3,958

94,894

Additions

-

26,750

-

754

27,504

At 30th September 2024

4,863

73,762

39,061

4,712

122,398

DEPRECIATION

At 1st October 2023

3,688

17,396

4,593

3,196

28,873

Charge for year

486

14,091

8,616

546

23,739

At 30th September 2024

4,174

31,487

13,209

3,742

52,612

NET BOOK VALUE

At 30th September 2024

689

42,275

25,852

970

69,786

At 30th September 2023

1,175

29,616

34,468

762

66,021

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st October 2023

14,000

31,492

45,492

Additions

26,750

-

26,750

At 30th September 2024

40,750

31,492

72,242

DEPRECIATION

At 1st October 2023

5,688

4,593

10,281

Charge for year

8,765

6,724

15,489

At 30th September 2024

14,453

11,317

25,770

NET BOOK VALUE

At 30th September 2024

26,297

20,175

46,472

At 30th September 2023

8,312

26,899

35,211

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

102,970

54,212

Amounts owed by group undertakings

94,815

336,870

Other debtors

29,138

31,288

226,923

422,370

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

6,809

9,026

Hire purchase contracts

17,518

12,097

Trade creditors

31,938

44,126

Taxation and social security

4,607

10,852

Other creditors

13,974

7,168

74,846

83,269

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

8,320

15,047

Hire purchase contracts

13,061

13,213

Amounts owed to group undertakings

495,312

494,975

516,693

523,235

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

15,129

24,073

Bank loans are secured under the UK government Bounce Back and Coronavirus Business Interruption loan schemes providing a full guarantee on the outstanding amount.

9.	RELATED PARTY DISCLOSURES

All material related party transactions with owners holding a participating interest, companies in which the entity has a participating interest and directors were all concluded under normal market conditions.