REGISTERED NUMBER: 01975394 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

DEYONGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M C Deyong

Mr O M Deyong

Mr D S Deyong

Mr S L Cook

SECRETARY:

Mrs H J Deyong

REGISTERED OFFICE:

55 Loudoun Road

St John's Wood

London

NW8 0DL

REGISTERED NUMBER:

01975394 (England and Wales)

ACCOUNTANTS:

MGR SD Limited

Chartered Accountants

55 Loudoun Road

St John's Wood

London

NW8 0DL

FIXED ASSETS

Intangible assets

4

1,760

1,760

Tangible assets

5

70,284

79,445

72,044

81,205

CURRENT ASSETS

Stocks

3,192,360

2,902,979

Debtors

6

1,621,183

1,757,416

Cash at bank and in hand

22,387

450

4,835,930

4,660,845

CREDITORS

Amounts falling due within one year

7

(3,988,307

)

(3,959,694

)

NET CURRENT ASSETS

847,623

701,151

TOTAL ASSETS LESS CURRENT LIABILITIES

919,667

782,356

CREDITORS

Amounts falling due after more than one year

8

(183,001

)

(89,321

)

NET ASSETS

736,666

693,035

CAPITAL AND RESERVES

Called up share capital

12

25,000

25,000

Capital redemption reserve

1,500

1,500

Retained earnings

710,166

666,535

SHAREHOLDERS' FUNDS

736,666

693,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 4 August 2025 and were signed on its behalf by:

Mr M C Deyong - Director

1.	STATUTORY INFORMATION

Deyongs 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

evenly over the period of the lease

Fixtures and fittings

-

25% 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.

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.

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 24 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

1,760

NET BOOK VALUE

At 30 April 2025

1,760

At 30 April 2024

1,760

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

£

£

COST

At 1 May 2024

66,747

310,466

377,213

Additions

-

13,474

13,474

At 30 April 2025

66,747

323,940

390,687

DEPRECIATION

At 1 May 2024

61,352

236,416

297,768

Charge for year

912

21,723

22,635

At 30 April 2025

62,264

258,139

320,403

NET BOOK VALUE

At 30 April 2025

4,483

65,801

70,284

At 30 April 2024

5,395

74,050

79,445

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

1,483,075

1,657,795

Other debtors

138,108

99,621

1,621,183

1,757,416

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts (see note 9)

1,323,143

1,423,184

Trade creditors

2,421,908

2,135,647

Taxation and social security

164,679

312,256

Other creditors

78,577

88,607

3,988,307

3,959,694

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans (see note 9)

183,001

89,321

9.

LOANS

An analysis of the maturity of loans is given below:

30.4.25

30.4.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,208,960

1,375,328

Bank loans

114,183

47,856

1,323,143

1,423,184

Amounts falling due between one and two years:

Bank loans - 1-2 years

74,335

89,321

Amounts falling due between two and five years:

Bank loans - 2-5 years

108,666

-

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.25

30.4.24

£

£

Within one year

129,987

129,987

Between one and five years

454,905

519,948

In more than five years

-

64,994

584,892

714,929

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank borrowings

1,208,960

1,375,328

A debenture, incorporating a fixed and floating charge, has been granted in favour of the bank over the current assets of the company. There is a further debenture to cover overseas trade creditors for £1,564,412 (2024: £968,907).

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

7,000

Ordinary - A

£1

7,000

7,000

3,000

Ordinary - B

£1

3,000

3,000

5,000

Ordinary - C

£1

5,000

5,000

5,000

Ordinary - D

£1

5,000

5,000

5,000

Ordinary - E

£1

5,000

5,000

25,000

25,000

13.	PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the directors and employees. The amount charged to the profit and loss account during the year under review was £49,351 (2024: £44,830). There were outstanding employer contributions of £17,744 (2024:£14,873) outstanding at the balance sheet date.