IRIS Accounts Production v25.4.0.155 00263547 Board of Directors 1.4.24 31.3.25 31.3.25 distributors of pyjamas, dressing gowns and leisurewear. true true false true true false false true false Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00263547 2024-03-31 00263547 2025-03-31 00263547 2024-04-01 2025-03-31 00263547 2023-03-31 00263547 2023-04-01 2024-03-31 00263547 2024-03-31 00263547 ns15:EnglandWales 2024-04-01 2025-03-31 00263547 ns14:PoundSterling 2024-04-01 2025-03-31 00263547 ns10:Director1 2024-04-01 2025-03-31 00263547 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00263547 ns10:FRS102 2024-04-01 2025-03-31 00263547 ns10:Audited 2024-04-01 2025-03-31 00263547 ns10:LargeCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 00263547 ns10:LargeCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00263547 ns10:FullAccounts 2024-04-01 2025-03-31 00263547 ns10:Director2 2024-04-01 2025-03-31 00263547 ns10:Director3 2024-04-01 2025-03-31 00263547 ns10:Director4 2024-04-01 2025-03-31 00263547 ns10:Director5 2024-04-01 2025-03-31 00263547 ns10:Director6 2024-04-01 2025-03-31 00263547 ns10:Director7 2024-04-01 2025-03-31 00263547 ns10:CompanySecretary1 2024-04-01 2025-03-31 00263547 ns10:RegisteredOffice 2024-04-01 2025-03-31 00263547 1 2024-04-01 2025-03-31 00263547 1 2023-04-01 2024-03-31 00263547 ns5:CurrentFinancialInstruments 2025-03-31 00263547 ns5:CurrentFinancialInstruments 2024-03-31 00263547 ns5:Non-currentFinancialInstruments 2025-03-31 00263547 ns5:Non-currentFinancialInstruments 2024-03-31 00263547 ns5:ShareCapital 2025-03-31 00263547 ns5:ShareCapital 2024-03-31 00263547 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-03-31 00263547 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 00263547 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 00263547 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 00263547 ns5:ShareCapital 2023-03-31 00263547 ns5:RetainedEarningsAccumulatedLosses 2023-03-31 00263547 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-03-31 00263547 ns5:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00263547 ns5:FurtherSpecificReserve3ComponentTotalEquity 2023-04-01 2024-03-31 00263547 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 00263547 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-04-01 2025-03-31 00263547 ns5:LandBuildings ns5:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 00263547 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-04-01 2025-03-31 00263547 ns5:PlantMachinery 2024-04-01 2025-03-31 00263547 ns5:FurnitureFittings 2024-04-01 2025-03-31 00263547 ns5:MotorVehicles 2024-04-01 2025-03-31 00263547 ns15:UnitedKingdom 2024-04-01 2025-03-31 00263547 ns15:UnitedKingdom 2023-04-01 2024-03-31 00263547 ns15:Europe 2024-04-01 2025-03-31 00263547 ns15:Europe 2023-04-01 2024-03-31 00263547 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2024-04-01 2025-03-31 00263547 ns5:TotalGeographicSegmentsIncludingAnyUnallocatedAmount 2023-04-01 2024-03-31 00263547 ns10:HighestPaidDirector 2024-04-01 2025-03-31 00263547 ns10:HighestPaidDirector 2023-04-01 2024-03-31 00263547 ns5:OwnedAssets 2024-04-01 2025-03-31 00263547 ns5:OwnedAssets 2023-04-01 2024-03-31 00263547 11 2024-04-01 2025-03-31 00263547 11 2023-04-01 2024-03-31 00263547 12 2024-04-01 2025-03-31 00263547 12 2023-04-01 2024-03-31 00263547 13 2024-04-01 2025-03-31 00263547 13 2023-04-01 2024-03-31 00263547 ns5:LandBuildings 2024-03-31 00263547 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 00263547 ns5:PlantMachinery 2024-03-31 00263547 ns5:LandBuildings 2024-04-01 2025-03-31 00263547 ns5:LandBuildings 2025-03-31 00263547 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-03-31 00263547 ns5:PlantMachinery 2025-03-31 00263547 ns5:LandBuildings 2024-03-31 00263547 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 00263547 ns5:PlantMachinery 2024-03-31 00263547 ns5:FurnitureFittings 2024-03-31 00263547 ns5:MotorVehicles 2024-03-31 00263547 ns5:FurnitureFittings 2025-03-31 00263547 ns5:MotorVehicles 2025-03-31 00263547 ns5:FurnitureFittings 2024-03-31 00263547 ns5:MotorVehicles 2024-03-31 00263547 ns5:UnlistedNon-exchangeTraded ns5:CostValuation 2024-03-31 00263547 ns5:UnlistedNon-exchangeTraded 2025-03-31 00263547 ns5:UnlistedNon-exchangeTraded 2024-03-31 00263547 ns5:Subsidiary1 2024-04-01 2025-03-31 00263547 1 ns5:Subsidiary1 2024-04-01 2025-03-31 00263547 ns5:Subsidiary1 2025-03-31 00263547 ns5:Subsidiary1 2024-03-31 00263547 ns5:Subsidiary3 2024-04-01 2025-03-31 00263547 5 ns5:Subsidiary3 2024-04-01 2025-03-31 00263547 ns5:Subsidiary3 2025-03-31 00263547 ns5:Subsidiary3 2024-03-31 00263547 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 00263547 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 00263547 ns5:CurrentFinancialInstruments 2024-03-31 00263547 ns5:CurrentFinancialInstruments 2023-03-31 00263547 ns5:BetweenOneFiveYears 2025-03-31 00263547 ns5:BetweenOneFiveYears 2024-03-31 00263547 ns5:DeferredTaxation 2024-03-31 00263547 ns5:DeferredTaxation 2024-04-01 2025-03-31 00263547 ns5:DeferredTaxation 2025-03-31 00263547 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 00263547 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-03-31 00263547 1 2024-04-01 2025-03-31 00263547 ns10:Director7 7 2024-03-31 00263547 ns10:Director7 7 2023-03-31 00263547 ns10:Director7 7 2024-04-01 2025-03-31 00263547 ns10:Director7 7 2023-04-01 2024-03-31 00263547 ns10:Director7 7 2025-03-31 00263547 ns10:Director7 7 2024-03-31

REGISTERED NUMBER: 00263547 (England and Wales)

Strategic Report, Report of the Directors and |

Financial Statements |

for the Year Ended 31 March 2025 |

for |

Aykroyd & Sons Limited |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Directors | 4 |

| Report of the Independent Auditors | 6 |

| Income Statement | 10 |

| Other Comprehensive Income | 11 |

| Balance Sheet | 12 |

| Statement of Changes in Equity | 13 |

| Notes to the Financial Statements | 14 |

| Aykroyd & Sons Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mr D B Aykroyd

| Mr N J Aykroyd

| Ms F E Aykroyd-Davies

| Ms D L Aykroyd-Duckett

| Ms S H Galdo

| Mr S S Aykroyd

| Mr A Robson

| SECRETARY: | Mr A C Gilbody

| REGISTERED OFFICE: | Unit 17

| Bala Enterprise Park

| Bala

| Gwynedd

| LL23 7NJ

| REGISTERED NUMBER: | 00263547 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Ian Sluckis BA FCA

| AUDITORS: | Freedman Frankl & Taylor

| Statutory Auditors

| Chartered Accountants

| Reedham House

| 31 King Street West

| Manchester

| M3 2PJ

| Aykroyd & Sons Limited (Registered number: 00263547) |

Strategic Report

for the Year Ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

The principal activities of the company continue to be that of distribution of character pyjamas, nightwear, swimwear and leisurewear.

The results for the financial position of the company are shown in the annexed financial statements.

The directors of the company regard the financial key performance indicators as turnover and profitability before tax. We were delighted with sales of £81.7m, considerably higher than the previous year, as the company continues to grow its range.

Aykroyd & Sons Limited: Stakeholder Engagement:

As the Board at Aykroyds we have a legal responsibility under section 172 of the Companies Act 2006 to act in the way we consider, in good faith, would be the most likely to promote the success of the company for the benefit of its members as a whole and in doing so have regard for the following other matters:

The likely consequences of any decisions in the long term:

Aykroyd & Sons Ltd is a family run business and has been in existence for over 100 years. With the next generation of the Aykroyd family taking full active roles as board members and now as senior management too we have shown our commitment to the company's future. With this influx of energy and enthusiasm to bring the company design and creativity to a high level there has been investment in a whole team of experts bringing new ideas and exciting changes to ensure we are always ahead.Aykroyd's Far East Ltd a related party of Aykroyd & Sons Ltd is now in fully operational . Aykroyds directors have focused hard on developing the company giving us a huge advantage in regards to our China sourcing & efficiency with the aim to further increase capability, compliance & competitivity.

The interest of the company's employees:

The company has always been renowned for looking after their employees. We have 34 out of 130 employees with over 20 years of service. The directors still ensure continuity of this practice in the following ways:

- Setting remuneration at market-leading rates and rewarding performance and pay bonuses when possible.

- Providing training in-house and career development support.

- Ensuring we are up to date with health & safety training and continuous monitoring.

- Ensuring an open-door approach for all discussions.

- Arranging staff days out for the three sites to get together and have fun.

The need to foster the company's business relationship with suppliers, customers and others:

Our business is built on good relationships with customers, suppliers and others. The directors have made a conscious decision to focus on further developing our design and licensing side of the company along with the profile of the company through social media. We continue to attend licensing shows and aim to have the latest licenses to provide the best for our customers. We work with our suppliers to ensure meeting required compliance and standards and have a team to specifically work on this.

| Aykroyd & Sons Limited (Registered number: 00263547) |

Strategic Report

for the Year Ended 31 March 2025

The impact of the company's operations on the community and the environment:

The Aykroyds history was in manufacturing in the small town of Bala, generations of families worked for the company and the directors gave huge support inside and outside the work environment. This continues to this day with the company supporting the local Sports Association and football club. We regularly hold charity money raising events too, especially for charities close to our heart.

Our planet:

The board of directors are committed to helping the environment wherever possible. We have installed solar panels on our Bala and Altrincham sites plus electric charging points for staff to use. We have a packaging waste procedure in place to ensure all the waste cardboard and plastic is baled on site and then sent for recycling. The directors encourage paper free working but where we do use paper it is recycled. All rubbish is sorted to minimise waste.

The desirability of the company maintaining a reputation for high standards of business conduct:

Aykroyds whole business of design, licensing, sourcing and distribution of character clothing requires high standard of business conduct, as well as the IT, administration and accounting. None of it can be done without directors continuously ensuring compliance is met at every stage to ensure our reputation is maintained, without which the company could not continue.

The need to act fairly between employees of the company:

Being aware of the importance of transparency and accountability the directors put together a monthly newsletter which is sent to all company employees and on our website. This is seen to encourage openness and that along with regular meetings not only at board level but throughout the company. Communication to all employees is a vital part of our strategy, application in our work and delivery.

ON BEHALF OF THE BOARD:

Mr D B Aykroyd - Director

8 December 2025

| Aykroyd & Sons Limited (Registered number: 00263547) |

Report of the Directors

for the Year Ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIVIDENDS

The total distribution of dividends for the year ended 31 March 2025 will be £ 1,116,500 .

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr D B Aykroyd

Mr N J Aykroyd

Ms F E Aykroyd-Davies

Ms D L Aykroyd-Duckett

Ms S H Galdo

Mr S S Aykroyd

Mr A Robson

STREAMLINED ENERGY AND CARBON REPORTING

The Companies Act 2006 (Directors Report) Regulation 2018 requires the company to disclose energy consumption and greenhouse gas emissions (GHG). This information has not been disclosed in these financial statements as it is included in the consolidated financial statements of the ultimate parent undertaking, Aykroyd & Sons Holdings Limited.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

| Aykroyd & Sons Limited (Registered number: 00263547) |

Report of the Directors

for the Year Ended 31 March 2025

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:

Mr D B Aykroyd - Director

8 December 2025

Report of the Independent Auditors to the Members of

Aykroyd & Sons Limited

Opinion

We have audited the financial statements of Aykroyd & Sons Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Aykroyd & Sons Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of directors' remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Aykroyd & Sons Limited

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- |  | the nature of the industry and sector, control environment and business performance; |

- |  | results of enquiries of management about their own identification and assessment of the risks of irregularities; |

- |  | any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to: |

| - |  | identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; |

| - |  | detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |

| - |  | the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; |

- |  | the matters discussed among the audit engagement team and involving other internal specialists including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risks of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

Our procedures to respond to risks identified included the following:

- |  | reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; |

- |  | enquiring of management concerning actual and potential litigation and claims; |

- |  | performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; |

- |  | obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and |

- |  | in addressing the risks of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit. |

Report of the Independent Auditors to the Members of

Aykroyd & Sons Limited

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ian Sluckis BA FCA (Senior Statutory Auditor)

for and on behalf of Freedman Frankl & Taylor

Statutory Auditors

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

8 December 2025

| Aykroyd & Sons Limited (Registered number: 00263547) |

Income Statement

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

TURNOVER | 3 | 81,739,457 |  | 57,227,586 |  |

Cost of sales | (75,873,916 | ) | (53,082,835 | ) |

GROSS PROFIT | 5,865,541 |  | 4,144,751 |  |

Distribution costs | (759,676 | ) | (644,435 | ) |

Administrative expenses | (2,412,616 | ) | (1,724,364 | ) |

2,693,249 |  | 1,775,952 |  |

Other operating income | (18,317 | ) | (26,985 | ) |

OPERATING PROFIT | 5 | 2,674,932 |  | 1,748,967 |  |

Interest receivable and similar income | 57,201 |  | 3,758 |  |

2,732,133 |  | 1,752,725 |  |

Gain/loss on revaluation of investment property | 821,435 |  | - |  |

3,553,568 |  | 1,752,725 |  |

Interest payable and similar expenses | 6 | (50,262 | ) | (71,141 | ) |

PROFIT BEFORE TAXATION | 3,503,306 |  | 1,681,584 |  |

Tax on profit | 7 | (899,949 | ) | (435,279 | ) |

PROFIT FOR THE FINANCIAL YEAR | 2,603,357 |  | 1,246,305 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Other Comprehensive Income

for the Year Ended 31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

PROFIT FOR THE YEAR | 2,603,357 |  | 1,246,305 |  |

OTHER COMPREHENSIVE INCOME |

Movement on hedging reserve | 132,536 |  | 128,344 |  |

Income tax relating to other comprehensive income | (33,134 | ) | (32,086 | ) |

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX | 99,402 |  | 96,258 |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 2,702,759 |  | 1,342,563 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Balance Sheet

31 March 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 9 | 2,307,860 |  | 2,405,362 |  |

Investments | 10 | 23,050 |  | 23,050 |  |

Investment property | 11 | 1,329,421 |  | 539,233 |  |

3,660,331 |  | 2,967,645 |  |

CURRENT ASSETS

Stocks | 12 | 4,578,629 |  | 4,592,926 |  |

Debtors | 13 | 15,330,392 |  | 12,235,752 |  |

Investments | 14 | 7,900 |  | 7,900 |  |

Cash at bank and in hand | 937,035 |  | 820,616 |  |

20,853,956 |  | 17,657,194 |  |

CREDITORS

Amounts falling due within one year | 15 | (8,496,935 | ) | (6,367,013 | ) |

NET CURRENT ASSETS | 12,357,021 |  | 11,290,181 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 16,017,352 |  | 14,257,826 |  |

CREDITORS

Amounts falling due after more than one year | 16 | (383,982 | ) | (391,819 | ) |

PROVISIONS FOR LIABILITIES | 19 | (229,370 | ) | (48,266 | ) |

NET ASSETS | 15,404,000 |  | 13,817,741 |  |

CAPITAL AND RESERVES

Called up share capital | 20 | 7,700 |  | 7,700 |  |

Hedging reserve | 21 | (26,744 | ) | (126,146 | ) |

Retained earnings | 21 | 15,423,044 |  | 13,936,187 |  |

SHAREHOLDERS' FUNDS | 15,404,000 |  | 13,817,741 |  |

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

Mr D B Aykroyd - Director

| Aykroyd & Sons Limited (Registered number: 00263547) |

Statement of Changes in Equity

for the Year Ended 31 March 2025

| Called up |

| share |  | Retained |  | Hedging |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 April 2023 | 7,700 |  | 13,968,782 |  | (222,404 | ) | 13,754,078 |  |

Changes in equity

Dividends | - |  | (1,278,900 | ) | - |  | (1,278,900 | ) |

Total comprehensive income | - |  | 1,246,305 |  | 96,258 |  | 1,342,563 |  |

Balance at 31 March 2024 | 7,700 |  | 13,936,187 |  | (126,146 | ) | 13,817,741 |  |

Changes in equity

Dividends | - |  | (1,116,500 | ) | - |  | (1,116,500 | ) |

Total comprehensive income | - |  | 2,603,357 |  | 99,402 |  | 2,702,759 |  |

Balance at 31 March 2025 | 7,700 |  | 15,423,044 |  | (26,744 | ) | 15,404,000 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| Aykroyd & Sons 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

| Financial Reporting Standard 102 - reduced disclosure exemptions

| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

| • | the requirements of Section 7 Statement of Cash Flows.

| Significant judgements and estimates

| In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

| Key sources of estimation uncertainty

| The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below.

| Assessing indicators of impairment

| In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions and experience of recoverability. There have been no indicators of impairments identified during the current financial year.

| Tangible fixed assets

| Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

| Turnover

| Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates and value added tax from the provision of goods and services which fall within the company's ordinary activity. The directors consider the business to comprise a single activity.

| Bank interest is recognised in the period in which it was received.

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

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

| Freehold property | - | 2% on reducing balance

| Leasehold property | - | 20% on cost

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 10% on reducing balance

| Motor vehicles | - | 33.33% on reducing balance

| Tangible fixed assets are initially recorded at cost less accumulated depreciation and accumulated impairment losses.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| Leasing commitments

| Amounts payable under operating leases are charged to the profit and loss account in the period in which they are incurred.

| 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.

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Investments

| Fixed asset investments are shown at cost less provision for impairment. Current asset investments are stated at lower of cost and net realisable value.

| Government grants

| Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss account over the expected useful lives of the assets concerned. Other grants are credited to the profit and loss account as the related expenditure is incurred.

| Financial instruments

| The company uses forward currency contracts to reduce exposure to foreign exchange rates.

| The company considers it qualifies for hedge accounting when certain criteria are met :

| Forward foreign currency contracts

| The criteria for forward currency contracts are

| - the instrument must be related to expected purchases in foreign currency,

| - it must involve the same currency as the hedged item, and

| - it must reduce the risk of foreign currency exchange movements in the company's operations

| Foreign exchange forward contracts have been recognised at fair value at the end of the year with changes in fair value recognised in the hedging reserve.

| Going concern

| The company's financial statements for the year ended 31 March 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. | TURNOVER

| The turnover and profit before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by geographical market is given below:

| 2025 |  | 2024

£ | £ |

| United Kingdom | 56,781,594 |  | 44,987,232 |  |

| Europe | 24,957,863 |  | 12,240,354 |  |

81,739,457 |  | 57,227,586 |  |

4. | EMPLOYEES AND DIRECTORS

| 2025 |  | 2024

£ | £ |

| Wages and salaries | 3,813,302 |  | 3,301,791 |  |

| Social security costs | 384,060 |  | 278,086 |  |

| Other pension costs | 162,153 |  | 151,518 |  |

4,359,515 |  | 3,731,395 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | EMPLOYEES AND DIRECTORS - continued

| The average number of employees during the year was as follows:

| 2025 |  | 2024

| Selling and distribution | 105 |  | 93 |  |

| Office and management | 10 |  | 10 |  |

115 |  | 103 |  |

| 2025 |  | 2024

£ | £ |

| Directors' remuneration | 481,086 |  | 482,400 |  |

| Directors' pension contributions to money purchase schemes | 72,900 |  | 75,838 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 8 |  | 8 |  |

| Information regarding the highest paid director is as follows:

| 2025 |  | 2024

£ | £ |

| Emoluments etc | 91,774 |  | 95,833 |  |

| Pension contributions to money purchase schemes | 4,500 |  | 3,896 |  |

5. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2025 |  | 2024

£ | £ |

| Depreciation - owned assets | 262,772 |  | 260,522 |  |

| Profit on disposal of fixed assets | (36,990 | ) | (44,405 | ) |

| Auditors' remuneration | 29,050 |  | 28,400 |  |

| Foreign exchange differences | (38,787 | ) | (110,699 | ) |

| Deferred grant | (8,000 | ) | (8,163 | ) |

| Operating lease - land and buildings | 30,000 |  | 28,000 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2025 |  | 2024

£ | £ |

| Bank interest | 47,057 |  | 70,169 |  |

| Other interest | 3,205 |  | 972 |  |

50,262 |  | 71,141 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

7. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2025 |  | 2024

£ | £ |

| Current tax:

| UK corporation tax | 718,845 |  | 437,516 |  |

| Deferred tax | 181,104 |  | (2,237 | ) |

| Tax on profit | 899,949 |  | 435,279 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

| 2025 |  | 2024

£ | £ |

| Profit before tax | 3,503,306 |  | 1,681,584 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%) | 875,827 |  | 420,396 |  |

| Effects of:

| Expenses not deductible for tax purposes | 30,989 |  | 11,022 |  |

| Capital allowances in excess of depreciation | (6,867 | ) | - |  |

| Depreciation in excess of capital allowances | - |  | 3,861 |  |

| Total tax charge | 899,949 |  | 435,279 |  |

| Tax effects relating to effects of other comprehensive income |

| 2025 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Movement on hedging reserve | 132,536 |  | (33,134 | ) | 99,402 |  |

| 2024 |

| Gross |  | Tax |  | Net |

£ | £ | £ |

| Movement on hedging reserve | 128,344 |  | (32,086 | ) | 96,258 |  |

8. | DIVIDENDS

| 2025 |  | 2024

£ | £ |

| Ordinary shares of £1 each |

| Interim | 1,116,500 |  | 1,278,900 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | TANGIBLE FIXED ASSETS

| Freehold |  | Leasehold |  | Plant and

| property |  | property |  | machinery

£ | £ | £ |

| COST

| At 1 April 2024 | 2,461,854 |  | 36,330 |  | 1,061,777 |  |

| Additions | - |  | - |  | 46,116 |  |

| Disposals | - |  | - |  | - |  |

| At 31 March 2025 | 2,461,854 |  | 36,330 |  | 1,107,893 |  |

| DEPRECIATION

| At 1 April 2024 | 909,196 |  | 36,330 |  | 798,707 |  |

| Charge for year | 31,687 |  | - |  | 58,213 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 March 2025 | 940,883 |  | 36,330 |  | 856,920 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,520,971 |  | - |  | 250,973 |  |

| At 31 March 2024 | 1,552,658 |  | - |  | 263,070 |  |

| Fixtures |

| and |  | Motor |

| fittings |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024 | 534,244 |  | 837,577 |  | 4,931,782 |  |

| Additions | 13,272 |  | 175,626 |  | 235,014 |  |

| Disposals | - |  | (160,186 | ) | (160,186 | ) |

| At 31 March 2025 | 547,516 |  | 853,017 |  | 5,006,610 |  |

| DEPRECIATION

| At 1 April 2024 | 307,887 |  | 474,300 |  | 2,526,420 |  |

| Charge for year | 23,952 |  | 148,920 |  | 262,772 |  |

| Eliminated on disposal | - |  | (90,442 | ) | (90,442 | ) |

| At 31 March 2025 | 331,839 |  | 532,778 |  | 2,698,750 |  |

| NET BOOK VALUE

| At 31 March 2025 | 215,677 |  | 320,239 |  | 2,307,860 |  |

| At 31 March 2024 | 226,357 |  | 363,277 |  | 2,405,362 |  |

| Included in the freehold property is a factory built by, and purchased from , the Welsh Development Board for £552,725 under an incentive scheme whereby only 50% of the building costs were charged to the company.

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

10. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 23,050 |  |

| NET BOOK VALUE

| At 31 March 2025 | 23,050 |  |

| At 31 March 2024 | 23,050 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Aykroyds & TDP Licensing Limited

| Registered office: United Kingdom

| Nature of business: joint venture in respect of copyright royalties.

| %

| Class of shares: | holding |

| Ordinary | 50.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 100 |  | 100 |  |

| Aykroyds (Shanghai) Trading Limited

| Registered office: China

| Nature of business: Merchandising

| %

| Class of shares: | holding |

| Ordinary | 100.00 |

2025 | 2024 |

£ | £ |

| Aggregate capital and reserves | 7,878 |  | 16,105 |  |

11. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 539,233 |  |

| Disposals | (31,247 | ) |

| Revaluations | 821,435 |  |

| At 31 March 2025 | 1,329,421 |  |

| NET BOOK VALUE

| At 31 March 2025 | 1,329,421 |  |

| At 31 March 2024 | 539,233 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | INVESTMENT PROPERTY - continued

| The investment properties were revalued on 20 March 2025 by an independent valuer. The directors do not consider the market value to be materially different as at 31 March 2025.

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2025 | 821,435 |  |

| Cost | 507,986 |  |

1,329,421 |  |

12. | STOCKS

2025 | 2024 |

£ | £ |

| Finished goods | 4,578,629 |  | 4,592,926 |  |

13. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 14,188,273 |  | 11,338,340 |  |

| Amounts owed by group undertakings | 7,504 |  | 7,504 |  |

| Other debtors | 122,519 |  | 72,302 |  |

| Deferred tax asset | 8,915 |  | 42,049 |  |

| Social security and other

| taxes | 138,114 |  | 96,007 |  |

| Prepayments and accrued income | 683,236 |  | 497,719 |  |

15,148,561 |  | 12,053,921 |  |

| Amounts falling due after more than one year:

| Other debtors | 181,831 |  | 181,831 |  |

| Aggregate amounts | 15,330,392 |  | 12,235,752 |  |

14. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Other | 7,900 |  | 7,900 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 5,184,564 |  | 3,804,702 |  |

| Amounts owed to participating interests | 71,352 |  | 163,264 |  |

| Tax | 718,845 |  | 437,516 |  |

| Social security and other taxes | 90,407 |  | 70,529 |  |

| Other creditors | 53,042 |  | 38,878 |  |

| Accruals and deferred income | 2,335,066 |  | 1,675,766 |  |

| Deferred government grants | 8,000 |  | 8,163 |  |

| Derivative financial liability | 35,659 |  | 168,195 |  |

8,496,935 |  | 6,367,013 |  |

16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Deferred government grants | 383,982 |  | 391,819 |  |

17. | LEASING AGREEMENTS

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

2025 | 2024 |

£ | £ |

| Between one and five years | 62,500 |  | 92,500 |  |

18. | FINANCIAL INSTRUMENTS

| Foreign exchange forward contracts are recognised at fair value at the end of the year with changes in fair value recognised in a hedging reserve.

19. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 229,370 |  | 48,266 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 48,266 |  |

| Charge to Income Statement during year | 181,104 |  |

| Balance at 31 March 2025 | 229,370 |  |

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

19. | PROVISIONS FOR LIABILITIES - continued

| Analysis of deferred tax liability balance |  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| Accelerated capital allowances |  | 24,011 |  |  | 48,266 |

| Revaluation gain |  | 205,359 |  |  | - |

|  | 229,370 |  |  | 48,266 |

| Analysis of deferred tax asset balance |  | 2025 |  |  | 2024 |

|  | £ |  |  | £ |

| Hedging reserve |  | 8,915 |  |  | 42,049 |

20. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: |  | Class: |  | Nominal |  | 2025 |  |  | 2024 |  |

|  | Value: |  | £ |  |  | £ |  |

| 7,700 |  | Ordinary |  | £1 |  | 7,700 |  |  | 7,700 |  |

21. | RESERVES

| Retained |  | Hedging |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 April 2024 | 13,936,187 |  | (126,146 | ) | 13,810,041 |  |

| Profit for the year | 2,603,357 |  | 2,603,357 |  |

| Dividends | (1,116,500 | ) | (1,116,500 | ) |

| Movement in cashflow hedging reserve | - |  | 99,402 |  | 99,402 |  |

| At 31 March 2025 | 15,423,044 |  | (26,744 | ) | 15,396,300 |  |

22. | ULTIMATE PARENT COMPANY

| The company's parent undertaking at the balance sheet date was Aykroyd and Sons Holdings Limited, a company incorporated and registered in England and Wales. Copies of the consolidated financial statements of Aykroyd and Sons Holdings Limited can be obtained from Unit 17, Bala Enterprise Park, Bala, Gwynedd, LL23 7NJ.

23. | CONTINGENT LIABILITIES

| The company has provided a debenture by way of a fixed and floating charge over all the assets of the company in respect of bank borrowings of Aykroyd & Sons Holdings Limited which at 31 March 2025 amounted to £Nil.

| Aykroyd & Sons Limited (Registered number: 00263547) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

24. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025 | 2024 |

£ | £ |

| Mr A Robson

| Balance outstanding at start of year | 10,000 |  | 15,000 |  |

| Amounts repaid | (5,000 | ) | (5,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 5,000 |  | 10,000 |  |

25. | RELATED PARTY DISCLOSURES

| 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.

| Other related parties

2025 | 2024 |

£ | £ |

| Royalties payable | 7,562,222 |  | 3,266,282 |  |

| Management charges payable | 440,484 |  | 237,143 |  |

| Amount due to related party | 71,352 |  | 163,264 |  |