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REGISTERED NUMBER: 01354814 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Dollcast Limited

| Dollcast Limited (Registered number: 01354814) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Dollcast Limited |

Company Information

for the Year Ended 31 March 2025

| Directors: | Mrs J A Howells

| Mr M J Howells

| Mrs J A Howard

| Miss C Griffiths

| Secretary: | Mrs J Howells

| Registered office: | Village Farm Industrial Estate

| Pyle

| Bridgend

| Mid Glamorgan

| CF33 6BJ

| Registered number: | 01354814 (England and Wales)

| Accountants: | Curtis, Bowden and Thomas Limited

| Chartered Certified Accountants

| 101 Dunraven Street

| Tonypandy

| Rhondda Cynon Taff

| CF40 1AR

| Dollcast Limited (Registered number: 01354814) |

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

Fixed assets

Tangible assets | 4 | 616,226 |  | 592,742 |  |

Current assets

Stocks | 5 | 222,871 |  | 104,093 |  |

Debtors | 6 | 1,438,244 |  | 1,395,017 |  |

Cash at bank | 1,318 |  | 73,606 |  |

1,662,433 |  | 1,572,716 |  |

Creditors

Amounts falling due within one year | 7 | 519,545 |  | 462,375 |  |

Net current assets | 1,142,888 |  | 1,110,341 |  |

Total assets less current liabilities | 1,759,114 |  | 1,703,083 |  |

Creditors

Amounts falling due after more than one year | 8 | (33,833 | ) | (26,412 | ) |

Provisions for liabilities | (37,766 | ) | (26,551 | ) |

Net assets | 1,687,515 |  | 1,650,120 |  |

Capital and reserves

Called up share capital | 10,000 |  | 10,000 |  |

Revaluation reserve | 10 | 285,856 |  | 285,856 |  |

Retained earnings | 10 | 1,391,659 |  | 1,354,264 |  |

Shareholders' funds | 1,687,515 |  | 1,650,120 |  |

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.

| Dollcast Limited (Registered number: 01354814) |

Balance Sheet - continued

31 March 2025

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 8 October 2025 and were signed on its behalf by:

Mr M J Howells - Director

| Dollcast Limited (Registered number: 01354814) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | Statutory information

| Dollcast 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 as modified by the revaluation of certain assets. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1.

| Turnover

| Turnover represents net invoiced sales of goods, excluding value added tax. In respect of long-term contracts and contracts for on-going services,turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services are recognised by reference to the stage of completion.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Short leasehold | - | Over the period of the lease.

| Plant and machinery | - | 20% on cost

| Motor vehicles | - | 25% on cost

| Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

| Impairment of fixed assets

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

| Government grants

| Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the performance model. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

| Dollcast Limited (Registered number: 01354814) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | Accounting policies - continued

| 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.

| 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 30 (2024 - 34 ) .

| Dollcast Limited (Registered number: 01354814) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | Tangible fixed assets

| Short |  | Plant and |  | Motor |

| leasehold |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| Cost or valuation

| At 1 April 2024 | 475,000 |  | 621,209 |  | 425,533 |  | 1,521,742 |  |

| Additions | - |  | 51,379 |  | 52,322 |  | 103,701 |  |

| Disposals | - |  | - |  | (35,879 | ) | (35,879 | ) |

| At 31 March 2025 | 475,000 |  | 672,588 |  | 441,976 |  | 1,589,564 |  |

| Depreciation

| At 1 April 2024 | 38,666 |  | 574,074 |  | 316,260 |  | 929,000 |  |

| Charge for year | 4,749 |  | 22,005 |  | 53,462 |  | 80,216 |  |

| Eliminated on disposal | - |  | - |  | (35,878 | ) | (35,878 | ) |

| At 31 March 2025 | 43,415 |  | 596,079 |  | 333,844 |  | 973,338 |  |

| Net book value

| At 31 March 2025 | 431,585 |  | 76,509 |  | 108,132 |  | 616,226 |  |

| At 31 March 2024 | 436,334 |  | 47,135 |  | 109,273 |  | 592,742 |  |

| Cost or valuation at 31 March 2025 is represented by:

| Short |  | Plant and |  | Motor |

| leasehold |  | machinery |  | vehicles |  | Totals

£ | £ | £ | £ |

| Valuation in 2025 | 475,000 |  | - |  | - |  | 475,000 |  |

| Cost | - |  | 672,588 |  | 441,976 |  | 1,114,564 |  |

475,000 |  | 672,588 |  | 441,976 |  | 1,589,564 |  |

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

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 273,362 |  | 273,362 |  |

| Aggregate depreciation | 108,764 |  | 105,682 |  |

| The directors are of the opinion that the value of the leasehold property as independently valued in 2016 is still a fair value at 31 March 2025.

5. | Stocks

| 31.3.25 |  | 31.3.24

£ | £ |

| Stocks and work in progress | 222,871 |  | 104,093 |  |

| Dollcast Limited (Registered number: 01354814) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | Debtors: amounts falling due within one year |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 631,948 |  | 841,229 |  |

| Amounts recoverable on contract | 644,336 |  | 385,435 |  |

| Other debtors | 161,960 |  | 168,353 |  |

1,438,244 |  | 1,395,017 |  |

7. | Creditors: amounts falling due within one year |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 49,421 |  | - |  |

| Hire purchase contracts | 32,948 |  | 41,128 |  |

| Trade creditors | 389,153 |  | 330,114 |  |

| Taxation and social security | 32,248 |  | 62,331 |  |

| Other creditors | 15,775 |  | 28,802 |  |

519,545 |  | 462,375 |  |

8. | Creditors: amounts falling due after more than one year |

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 33,833 |  | 26,412 |  |

9. | Secured debts

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 66,781 |  | 67,540 |  |

10. | Reserves

| Retained |  | Revaluation |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 1,354,264 |  | 285,856 |  | 1,640,120 |  |

| Profit for the year | 37,395 |  | 37,395 |  |

| At 31 March 2025 | 1,391,659 |  | 285,856 |  | 1,677,515 |  |

11. | Other financial commitments

| The property is held on a leasehold basis under a 99 year lease partly dating from 1978 and partly dating from 1985. The ground rent payable is £22,500 per annum.

| Dollcast Limited (Registered number: 01354814) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

12. | Related party disclosures

| During the year Dollcast Limited rented a factory unit from the Dollcast Limited Retirement Benefits Scheme for Directors at £3,708 per annum. At the 31st March 2025 there were no amounts outstanding.

| Mrs J A Howells and Mr M J Howells who are directors and shareholders of Dollcast Limited are also active service members and Trustees of the Dollcast Limited Retirement Benefits Scheme for Directors. Mrs J A Howard is a director of Dollcast Limited and an active service member and Trustee of the Dollcast Limited Retirement Benefits Scheme for Directors.

13. | Ultimate controlling party

| The controlling party is Mr M J Howells.