REGISTERED NUMBER: 02897610 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

DESIGN AND SUPPLY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K D Edwards

C T Weed

D Regis

S Davies

REGISTERED OFFICE:

Unit 13

Pant Industrial Estate

Dowlais

Merthyr Tydfil

Mid Glamorgan

CF48 2SR

REGISTERED NUMBER:

02897610 (England and Wales)

ACCOUNTANTS:

Baker Knoyle Chartered Accountants

Orbit Business Centre

Merthyr Tydfil

CF48 1DL

BANKERS:

Barclays Bank Plc

Corporate Banking Centre

14 Commercial Street

Newport

NP20 1YG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

187,744

67,515

187,744

67,515

CURRENT ASSETS

Stocks

1,342,846

991,098

Debtors

6

1,445,249

1,839,770

Cash at bank and in hand

257,208

565,455

3,045,303

3,396,323

CREDITORS

Amounts falling due within one year

7

1,334,474

1,905,800

NET CURRENT ASSETS

1,710,829

1,490,523

TOTAL ASSETS LESS CURRENT LIABILITIES

1,898,573

1,558,038

CREDITORS

Amounts falling due after more than one year

8

(153,682

)

(57,442

)

PROVISIONS FOR LIABILITIES

(14,701

)

-

NET ASSETS

1,730,190

1,500,596

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

1,710,190

1,480,596

SHAREHOLDERS' FUNDS

1,730,190

1,500,596

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 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 26 November 2025 and were signed on its behalf by:

K D Edwards - Director

1.	STATUTORY INFORMATION

Design and Supply 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.

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 wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Depreciation is charged from the date an asset is brought into use.

Government grants

Government grants are recognised as income either when the related expenses are incurred or when the grant becomes receivable, depending on the nature of the grant and its conditions. For grants related to capital assets, they are presented as deferred income and written back to Profit and Loss at the same rate as the assets are depreciated. The accounting treatment aims to match the grant income with the related expenses or the asset's useful life.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 70 (2024 - 84 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

49,000

AMORTISATION

At 1 April 2024

and 31 March 2025

49,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

111,282

Additions

154,317

Disposals

(8,845

)

At 31 March 2025

256,754

DEPRECIATION

At 1 April 2024

43,767

Charge for year

31,890

Eliminated on disposal

(6,647

)

At 31 March 2025

69,010

NET BOOK VALUE

At 31 March 2025

187,744

At 31 March 2024

67,515

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,131,136

1,346,113

Amounts owed by group undertakings

178,114

320,114

Other debtors

135,999

173,543

1,445,249

1,839,770

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

254,280

485,324

Hire purchase contracts

31,191

5,514

Trade creditors

615,709

1,033,825

Amounts owed to group undertakings

14,625

5,952

Taxation and social security

186,859

232,252

Other creditors

231,810

142,933

1,334,474

1,905,800

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

123,784

57,442

Other creditors

29,898

-

153,682

57,442

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

254,280

485,324

Hire purchase contracts

154,975

62,956

409,255

548,280

Hire Purchase and confidential invoice discount debts are secured.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

D Regis

Balance outstanding at start of year

3,846

-

Amounts advanced

-

5,000

Amounts repaid

(1,667

)

(1,154

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,179

3,846

S Davies

Balance outstanding at start of year

7,347

-

Amounts advanced

-

7,347

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,347

7,347

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Design Holdings Limited.

The ultimate controlling party is KECW Group Limited.

K D Edwards owns 67% of KECW Group Limited.