REGISTERED NUMBER: 07491504 (England and Wales)

Audited Financial Statements for the Year Ended 31 March 2025

for

The Disability Trading Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D R Jones

J Boyd

P Ffrench

W J Bradley

E C MacDonald

S T Ryan

REGISTERED OFFICE:

Centre for Independent Living

Beaufort Street

Warrington

Cheshire

WA5 1BA

REGISTERED NUMBER:

07491504 (England and Wales)

SENIOR STATUTORY AUDITOR:

Janine Boyo BFP FCA MAAT

AUDITORS:

Voisey & Co LLP

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

FIXED ASSETS

Tangible assets

4

96,113

93,861

CURRENT ASSETS

Stocks

350,641

269,435

Debtors

5

131,070

174,920

Cash at bank and in hand

61,847

27,570

543,558

471,925

CREDITORS

Amounts falling due within one year

6

605,471

530,919

NET CURRENT LIABILITIES

(61,913

)

(58,994

)

TOTAL ASSETS LESS CURRENT LIABILITIES

34,200

34,867

CREDITORS

Amounts falling due after more than one year

7

6,667

17,501

NET ASSETS

27,533

17,366

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

27,532

17,365

SHAREHOLDERS' FUNDS

27,533

17,366

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 2 December 2025 and were signed on its behalf by:

P Ffrench - Director

1.	STATUTORY INFORMATION

The Disability Trading Company 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 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.

Monetary amounts in these financial statements shall be rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements primarily through its cash balances and support from its parent. The trustees of the parent have indicated their willingness to maintain its continued support of the company through the provision of loans.

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.

Significant judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods, are discussed below.

Management do not consider the company to have any significant accounting judgements or key sources of estimation uncertainty.

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

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer and office equipment

-

33% on cost

Tangible fixed assets are stated at cost.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial instruments, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one tear are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Financial liabilities issued by the company are recorded at the proceeds received, net of direct issue costs. Dividens payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Employee benefits

The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the costs of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

51,504

2,597

11,813

Additions

-

-

-

Disposals

-

-

-

At 31 March 2025

51,504

2,597

11,813

DEPRECIATION

At 1 April 2024

11,781

2,597

7,573

Charge for year

970

-

793

Eliminated on disposal

-

-

-

At 31 March 2025

12,751

2,597

8,366

NET BOOK VALUE

At 31 March 2025

38,753

-

3,447

At 31 March 2024

39,723

-

4,240

Computer

and

Motor

office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

87,894

24,587

178,395

Additions

29,840

-

29,840

Disposals

(22,674

)

-

(22,674

)

At 31 March 2025

95,060

24,587

185,561

DEPRECIATION

At 1 April 2024

40,727

21,856

84,534

Charge for year

18,143

1,932

21,838

Eliminated on disposal

(16,924

)

-

(16,924

)

At 31 March 2025

41,946

23,788

89,448

NET BOOK VALUE

At 31 March 2025

53,114

799

96,113

At 31 March 2024

47,167

2,731

93,861

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

115,135

161,522

Other debtors

1,556

3,108

VAT

10,476

9,418

Prepayments

3,903

872

131,070

174,920

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,552

Trade creditors

142,654

70,718

Amounts owed to group undertakings

438,317

431,299

Accruals and deferred income

14,500

18,350

605,471

530,919

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

6,667

10,000

Bank loans - 2-5 years

-

7,501

6,667

17,501

8.	LEASING AGREEMENTS

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

31.3.25

31.3.24

£

£

Within one year

10,800

10,800

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1 April 2024

17,365

Profit for the year

10,167

At 31 March 2025

27,532

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Janine Boyo BFP FCA MAAT (Senior Statutory Auditor)

for and on behalf of Voisey & Co LLP

12.	RELATED PARTY DISCLOSURES

The company's parent, Warrington Disability partnership, raises a management charge in respect of salaries of £360,000. It also purchased £69,300 of equipment from DTC to enable it to fulfill its grant obligations. DTC made a donation from its profits of £69,000 in the year. At the year end, the charity was owed £438,137.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Warrington Disability Partnership.

A charity based in England. Registered charity number 1113597. Registered office address: Centre for Independent Living, Beaufort Street, Warrington, Cheshire, WA5 1BA.