A Dyson & Son (Patterns) Limited and Subsidiaries Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 01366021

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

FINANCIAL STATEMENTS

31 March 2025

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

CONTENTS	PAGE

Officers and professional advisers	1

Strategic report	2

Directors' report	6

Independent auditor's report to the members	9

Consolidated statement of comprehensive income	13

Consolidated statement of financial position	14

Company statement of financial position	16

Consolidated statement of changes in equity	18

Company statement of changes in equity	19

Consolidated statement of cash flows	20

Notes to the financial statements	21

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

OFFICERS AND PROFESSIONAL ADVISERS

THE BOARD OF DIRECTORS	M J Hinchliffe
	T Hinchliffe
	S Hinchliffe
	H L Thornber

COMPANY SECRETARY	H L Thornber

REGISTERED OFFICE	Water Lane
	South Parade
	Halifax
	West Yorkshire
	HX3 9HG

AUDITOR	Streets Audit LLP
	Chartered accountants & statutory auditor
	Tower House
	Lucy Tower Street
	Lincoln
	LN1 1XW

BANKERS	Barclays Bank Plc
	P O Box 14
	Halifax
	West Yorkshire
	HX1 1BG

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

STRATEGIC REPORT

YEAR ENDED 31 MARCH 2025

PRINCIPAL ACTIVITIES AND BUSINESS REVIEW

The directors have pleasure in presenting the strategic report of the group for the year ended 31 March 2025. The principal activity of the company during the year has continued to be that of providers of managerial and administrative services to its subsidiaries and property management. The principal activities of the subsidiaries were as follows: Hargreaves Foundry Ltd General iron founders Hargreaves Foundry Drainage Ltd Suppliers of cast iron soil drainage and rainwater products. Group turnover for the year was £7.51 million, an increase of £188k from the previous year. Hargreaves Foundry Ltd experienced a sales decline of £320k, following the decision halfway through the year to scale back the in-house production operations due to a lack of available skills and an industry wide downturn in demand from its customers in the engineering sector, which traditionally accounted for a large proportion of turnover and enhanced production efficiencies. Efforts to recruit or train new staff have been hampered by numerous issues including low unemployment locally, lack of of available training courses for our industry, and the restriction on importing foundry skills from Europe following Brexit. Hargreaves Foundry Drainage Ltd saw an increase in sales of £407k in the year despite the market remaining flat. The sales growth is due to gaining further market share from the competition because of good stock availability, superior quality products, and excellent customer service. Gross profits for the year have increased by £824k to £3.6 million with Hargreaves Foundry Drainage Ltd showing an increase of £795k due to the increased turnover alongside a favourable material cost of sale resultant from a more stable and controlled supply chain, resulting in Drainage's gross profit increasing from 43% to 52%. Hargreaves Foundry Drainage Ltd had a higher turnover than the prior year, predominantly due to increasing market share. However, it has needed to increase its staffing levels to achieve this and maintain a high-quality service level to its customers but has still managed to improve profitability by a pleasing amount. Further effort has been put into improving the supply chain, resulting in well balanced stock levels, from which to service customer demand. The Company has increased brand credibility on on its Soil & Drain products as well as maintaining its position as market leader on Rainwater products. Hargreaves Foundry Ltd showed an increase in gross profit of £29k due to the drastic restructure of the business from in-house moulding & casting, to partnering with 3rd party manufacturers, resulting in gross profit increasing from 8% to 14%. The Foundry & Pattern Shop turnover has decreased during the year, due to the strategic restructure. Corresponding operating cost savings have been made, but due to decommissioning and restructuring costs incurred in the year, have not been enough to prevent a pre-tax loss of £37K. The order book remains low with regards to iron castings, but due to now working alongside a variety of trading partners, our offering has now been expanded to include other metals. Insurance Costs decreased by £45k compared to the prior year. Heat & Light are up £39k due to increased market costs. Distribution costs have reduced slightly by £10k despite increased sales due to improved operational efficiencies. A redundancy cost of £102k offset by a £92k saving in Repairs & Maintenance was attributable to the scaling back of production facilities. This has also resulted in a £20k saving on staff welfare which has enabled a £24k increase in Training expenditure to upskill the remaining staff within business. Computer costs increased by £19K as the company continues to keep pace with IT advancements. Overall, the Group has achieved a net profit before tax of £860k compared to £412k in the previous year. pointed with the results achieved for the year and are looking at making changes to the business for the future.

FUTURE DEVELOPMENTS

Hargreaves Foundry Ltd continues to receive enquiries for iron castings from prestigious artistic and architectural projects, which is expected to continue, but we are now also receiving enquiries from new & existing customers for products which were previously outside the scope of our capabilities. Despite the decision to cease the moulding & casting operations on site, we continue to focus on supplying high quality castings to new and existing customers by utilising our extensive knowledge and experience alongside our trading partners. Now that we are no longer focusing our efforts on in-house production, our expert technical team are working on developing an offering of high-quality metal castings which are no longer limited to iron, but also other metals. We are also embracing the external availability of developing technology, to improve quality & efficiencies, and reduce Health & Safety risks Eg. 3-D printed moulds. Hargreaves Foundry Drainage Ltd continues to be better structured and have greater control over its supply chain which gives us the ability to offer quality and service levels to the customer which are second to none. As such, our reputation of being the most reliable supplier in the marketplace remains for both Rainwater and Soil & Drain products. We are now in a position where we are very well-respected for our brand quality & service. The stability in the business will now provide management with more time and freedom to respond to increasing demands from our customer base to broaden our product offering. We are continuing to seek out new market opportunities but are primarily focuses on ensuring that the business remains secure, in particular with regards to our supply chain and brand reputation. As global conflict & political issues generate concerns, we need to ensure we have the necessary contingencies in place and as such a cautious approach with steady growth is the aim for the short term. The directors are cautiously optimistic the group results for the current year will show a healthy pre-tax profit.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors regularly review the risks facing the group and actions are taken to address these risks. The principal risks are considered to be in relation to ensuring the Group's products and pricing remain competitive and of suitable quality and availability, and that actions are taken when issues arise in production, or imported goods increase in cost.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The Group's principal financial instruments are bank borrowing and liabilities such as trade creditors, which arise directly from its operations. The main financial risks are cash flow and customer credit risk. The customer credit risk is well managed by credit control policies. The cash flow risk is continually managed in a controlled manner to ensure finance is available as required to meet the Group's requirements.

This report was approved by the board of directors on 19 December 2025 and signed on behalf of the board by:

M J Hinchliffe

Director

Registered office:

Water Lane

South Parade

Halifax

West Yorkshire

HX3 9HG

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

DIRECTORS' REPORT

YEAR ENDED 31 MARCH 2025

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

PRINCIPAL ACTIVITIES

The principal activities of the company during the year has continued to be that of providers of managerial and administration services to its subsidiaries and property managers. The principal activities of the subsidiaries was as follows: Hargreaves Foundry Ltd. Iron founders Hargreaves Foundry Drainage Ltd. Importers & distributors of cast iron drainage and rain water products

DIRECTORS

The directors who served the company during the year were as follows:

M J Hinchliffe
T Hinchliffe
S Hinchliffe
H L Thornber

DIVIDENDS

Particulars of recommended dividends are detailed in note 13 to the financial statements.

EVENTS AFTER THE END OF THE REPORTING PERIOD

Particulars of events after the reporting date are detailed in note 29 to the financial statements.

DISCLOSURE OF INFORMATION IN THE STRATEGIC REPORT

In accordance with section 414C(11) of the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 the company has chosen to set out in the company's and group's strategic report information required by schedule 7 of the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008.

DIRECTORS' RESPONSIBILITIES STATEMENT

The directors are responsible for preparing the strategic report, directors' report 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 group and the company and the profit or loss of the group for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - 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. AUDITOR

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 19 December 2025 and signed on behalf of the board by:

M J Hinchliffe

Director

Registered office:

Water Lane

South Parade

Halifax

West Yorkshire

HX3 9HG

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

YEAR ENDED 31 MARCH 2025

OPINION

We have audited the financial statements of A Dyson & Son (Patterns) Limited and Subsidiaries (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, 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 FRS 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 group's and of the parent company's affairs as at 31 March 2025 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group 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 group's or the parent 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company 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 directors' responsibilities statement, 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 is 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 group's and the parent 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 group or the parent company or to cease operations, or have no realistic alternative but to do so.

AUDITOR'S 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 an auditor’s report 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. We identified the laws and regulations applicable to the group through discussions with the directors. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group. We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the group's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: agreeing financial statement disclosures to underlying supporting documentation; enquiring of management as to actual and potential litigation and claims; reviewing correspondence with relevant regulators. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 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 auditor’s report. 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 an auditor's report 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.

SALLY SHACKLOCK, FCA

(Senior Statutory Auditor)

For and on behalf of

Streets Audit LLP

Chartered accountants & statutory auditor

Tower House

Lucy Tower Street

Lincoln

LN1 1XW

22 December 2025

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 MARCH 2025

		2025	2024
Note		£	£
TURNOVER	4	7,507,917	7,319,663

Cost of sales	3,865,536	4,501,415
	-------------	-------------
GROSS PROFIT	3,642,381	2,818,248

Distribution costs		615,698	626,050
Administrative expenses		2,212,324	1,818,384
Other operating income	5	44,155	37,208
		-------------	-------------
OPERATING PROFIT	6	858,514	411,022

Other interest receivable and similar income	10	1,963	1,513
Interest payable and similar expenses	11	–	700
		-------------	-------------
PROFIT BEFORE TAXATION		860,477	411,835

Tax on profit	12	251,155	118,237
		----------	----------
PROFIT FOR THE FINANCIAL YEAR AND TOTAL COMPREHENSIVE INCOME		609,322	293,598
		----------	----------

All the activities of the group are from continuing operations.

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	14		3,541,189		3,606,425

CURRENT ASSETS

Stocks	16	2,720,353	2,587,927
Debtors	17	1,953,261	1,552,947
Cash at bank and in hand		27,385	51,096
		-------------	-------------
		4,700,999	4,191,970

CREDITORS: amounts falling due within one year	19	1,855,011		1,993,705
		-------------		-------------
NET CURRENT ASSETS			2,845,988		2,198,265
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			6,387,177		5,804,690

CREDITORS: amounts falling due after more than one year	20		2,053		12,500

PROVISIONS

Taxation including deferred tax	21	504,742	507,130
		-------------	-------------
NET ASSETS		5,880,382	5,285,060
		-------------	-------------

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025	2024
Note	£	£

CAPITAL AND RESERVES

Called up share capital	24	47,430	47,430
Share premium account	25	392,570	392,570
Revaluation reserve	25	1,988,029	2,023,458
Profit and loss account	25	3,452,353	2,821,602
		-------------	-------------
SHAREHOLDERS FUNDS		5,880,382	5,285,060
		-------------	-------------

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

M J Hinchliffe

Director

Company registration number: 01366021

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

COMPANY STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	14	3,541,189	3,606,425
Investments	15	200	200
		-------------	-------------
		3,541,389	3,606,625

CURRENT ASSETS

Debtors	17	1,751,018	1,440,073
Cash at bank and in hand		3,444	12,582
		-------------	-------------
		1,754,462	1,452,655

CREDITORS: amounts falling due within one year	19	430,391		231,848
		-------------		-------------
NET CURRENT ASSETS			1,324,071		1,220,807
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			4,865,460		4,827,432

PROVISIONS

Taxation including deferred tax	21	504,742	507,130
		-------------	-------------
NET ASSETS		4,360,718	4,320,302
		-------------	-------------

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

COMPANY STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

	2025	2024
Note	£	£

CAPITAL AND RESERVES

Called up share capital	24	47,430	47,430
Share premium account	25	392,570	392,570
Revaluation reserve	25	1,988,029	2,023,458
Profit and loss account	25	1,932,689	1,856,844
		-------------	-------------
SHAREHOLDERS FUNDS		4,360,718	4,320,302
		-------------	-------------

The profit for the financial year of the parent company was £ 54,416 (2024: £ 55,413 ).

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

M J Hinchliffe

Director

Company registration number: 01366021

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2025

			Called up share capital	Share premium account	Revaluation reserve	Profit and loss account	Total
			£	£	£	£	£
AT 1 APRIL 2023			47,430	392,570	2,058,887	2,502,575	5,001,462

Profit for the year						293,598	293,598
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	–	( 35,429)	35,429	–
			---------	----------	-------------	-------------	-------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	–	( 35,429)	329,027	293,598

Dividends paid and payable		13	–	–	–	( 10,000)	( 10,000)
			---------	----------	-------------	-------------	-------------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	–	( 10,000)	( 10,000)

AT 31 MARCH 2024			47,430	392,570	2,023,458	2,821,602	5,285,060

Profit for the year						609,322	609,322
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	–	( 35,429)	35,429	–
			---------	----------	-------------	-------------	-------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	–	( 35,429)	644,751	609,322

Dividends paid and payable		13	–	–	–	( 14,000)	( 14,000)
			----	----	----	---------	---------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	–	( 14,000)	( 14,000)

			---------	----------	-------------	-------------	-------------
AT 31 MARCH 2025			47,430	392,570	1,988,029	3,452,353	5,880,382
			---------	----------	-------------	-------------	-------------

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

COMPANY STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2025

			Called up share capital	Share premium account	Revaluation reserve	Profit and loss account	Total
			£	£	£	£	£
AT 1 APRIL 2023			47,430	392,570	2,058,887	1,776,002	4,274,889

Profit for the year						55,413	55,413
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	–	( 35,429)	35,429	–
			---------	----------	-------------	-------------	-------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	–	( 35,429)	90,842	55,413

Dividends paid and payable		13	–	–	–	( 10,000)	( 10,000)
			---------	----------	-------------	-------------	-------------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	–	( 10,000)	( 10,000)

AT 31 MARCH 2024			47,430	392,570	2,023,458	1,856,844	4,320,302

Profit for the year						54,416	54,416
Other comprehensive income for the year:
	Reclassification from revaluation reserve to profit and loss account		–	–	( 35,429)	35,429	–
			---------	----------	-------------	-------------	-------------
TOTAL COMPREHENSIVE INCOME FOR THE YEAR			–	–	( 35,429)	89,845	54,416

Dividends paid and payable		13	–	–	–	( 14,000)	( 14,000)
			----	----	----	---------	---------
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS			–	–	–	( 14,000)	( 14,000)

			---------	----------	-------------	-------------	-------------
AT 31 MARCH 2025			47,430	392,570	1,988,029	1,932,689	4,360,718
			---------	----------	-------------	-------------	-------------

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2025

	2025	2024
Note	£	£

CASH FLOWS FROM OPERATING ACTIVITIES

Profit for the financial year	609,322	293,598

Adjustments for:
Depreciation of tangible assets	87,034	87,027
Other interest receivable and similar income	( 1,963)	( 1,513)
Interest payable and similar expenses	–	700
Tax on profit	251,155	118,237
Accrued expenses	20,476	44,709

Changes in:
Stocks	( 132,426)	( 270,733)
Trade and other debtors	( 356,797)	( 214,649)
Trade and other creditors	( 35,597)	( 76,972)
	----------	----------
Cash generated from operations	441,204	( 19,596)

Interest paid	–	( 700)
Interest received	1,963	1,513
Tax paid	( 117,057)	( 27,584)
	----------	---------
Net cash from/(used in) operating activities	326,110	( 46,367)
	----------	---------

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of tangible assets	( 21,798)	( 34,131)
	----------	---------
Net cash used in investing activities	( 21,798)	( 34,131)
	----------	---------

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from borrowings	( 314,115)	121,959
Dividends paid	( 14,000)	( 10,000)
	----------	----------
Net cash (used in)/from financing activities	( 328,115)	111,959
	----------	----------

NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS		( 23,803)	31,461
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		51,096	19,635
		---------	---------
CASH AND CASH EQUIVALENTS AT END OF YEAR	18	27,293	51,096
		---------	---------

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England. The address of the registered office is Water Lane, South Parade, Halifax, West Yorkshire, HX3 9HG.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company and its subsidiaries have prepared forecasts and projection to 31 March 2022 and through to March 2023, which the directors have fully reviewed. These make reasonable assumptions about the group's trading performance. Based on these forecasts and projection, the directors have a reasonable expectation that the company and the group as a whole will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the going concern basis has been adopted in in the preparation of these financial statements.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosure available under FRS 102: No cash flow statement has been presented for the company.

Consolidation

The consolidated financial statements incorporate the financial statements of the company and all group undertakings. These are adjusted, where appropriate, to conform to group accounting policies. As a consolidated profit and loss account is published, a separate profit and loss account for the parent company is omitted from the group financial statements by virtue of section 408 of the Companies Act 2006.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The estimation that the directors have made in the process of applying the group's accounting policies and that has the most significant effect on the amounts recognised in the financial statements relate to the calculation of the stock provision in Hargreaves Foundry Drainage Limited.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

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.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property -buildings	-	2% straight line
Plant & equipment	-	10% reducing balance & 10% straight line
Motor vehicles	-	25% reducing balance

No depreciation is provided on investment properties as a result of FRS 102 section 16, this represents a departure from the requirements of the Companies Act. The directors have concluded that the financial statements present fairly the company's financial position and financial performance and complies with applicable legislation, except for the departure above .

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. TURNOVER

Turnover arises from:

	2025	2024
	£	£
Sale of goods	7,507,917	7,319,663
	-------------	-------------

The turnover is attributable to the one principal activity of the group. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025	2024
	£	£
United Kingdom	7,105,633	6,958,755
Overseas	402,284	360,908
	-------------	-------------
	7,507,917	7,319,663
	-------------	-------------

5. OTHER OPERATING INCOME

	2025	2024
	£	£
Rental income	44,155	37,208
	---------	---------

6. OPERATING PROFIT

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	87,034	87,027
Impairment of trade debtors	–	6,021
Foreign exchange differences	( 263)	3,828
	---------	---------

7. AUDITOR'S REMUNERATION

	2025	2024
	£	£
Fees payable for the audit of the financial statements	10,000	10,000
	---------	---------

Fees payable to the company's auditor and its associates for other services:

Audit of the financial statements of associates	26,100	21,000
	---------	---------

	2025		2024
	£		£

Fees payable to the company's auditor and its associates for other services:

Other non-audit services	1,794	545
	-------	----

8. STAFF COSTS

The average number of persons employed by the group during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Production staff	11	17
Distribution staff	18	17
Administrative staff	20	15
Management staff	4	4
Number of sales staff	2	2
	----	----
	55	55
	----	----

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	1,886,893	1,829,984
Social security costs	187,471	184,147
Other pension costs	234,076	98,739
	-------------	-------------
	2,308,440	2,112,870
	-------------	-------------

9. DIRECTORS' REMUNERATION

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	242,249	147,351
Company contributions to defined contribution pension plans	10,011	1,321
	----------	----------
	252,260	148,672
	----------	----------

The number of directors who accrued benefits under company pension plans was as follows:

	2025	2024
	No.	No.
Defined contribution plans	1	1
	----	----

10. OTHER INTEREST RECEIVABLE AND SIMILAR INCOME

	2025	2024
	£	£
Interest on cash and cash equivalents	1,963	1,513
	-------	-------

11. INTEREST PAYABLE AND SIMILAR EXPENSES

	2025	2024
	£	£
Interest on banks loans and overdrafts	–	700
	----	----

12. TAX ON PROFIT

Major components of tax expense

	2025		2024
	£		£

Current tax:

UK current tax expense	253,543		117,057

Deferred tax:

Origination and reversal of timing differences	( 2,388)	1,180
	----------	----------
Tax on profit	251,155	118,237
	----------	----------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	860,477	411,835
	----------	----------
Profit on ordinary activities by rate of tax	215,120	102,959
Effect of expenses not deductible for tax purposes	22,820	2,714
Effect of capital allowances and depreciation	15,603	12,384
Origination & reversal of timing differences	( 2,388)	1,180
Marginal relief	–	( 1,000)
	----------	----------
Tax on profit	251,155	118,237
	----------	----------

13. DIVIDENDS

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	14,000	10,000
	---------	---------

14. TANGIBLE ASSETS

Group and company	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	3,857,983	819,439	50,689	4,728,111
Additions	–	21,798	–	21,798
	-------------	----------	---------	-------------
At 31 March 2025	3,857,983	841,237	50,689	4,749,909
	-------------	----------	---------	-------------
Depreciation
At 1 April 2024	539,373	547,962	34,351	1,121,686
Charge for the year	54,257	28,692	4,085	87,034
	-------------	----------	---------	-------------
At 31 March 2025	593,630	576,654	38,436	1,208,720
	-------------	----------	---------	-------------
Carrying amount
At 31 March 2025	3,264,353	264,583	12,253	3,541,189
	-------------	----------	---------	-------------
At 31 March 2024	3,318,610	271,477	16,338	3,606,425
	-------------	----------	---------	-------------

Freehold properties includes investment properties with a net book value of £535,000 (2024 - £535,000). The investments properties were valued at the year end, by the directors, using current market values. The director believes this represents the fair value of these properties.

15. INVESTMENTS

The group has no investments.

Company	Shares in group undertakings
	£
Cost
At 1 April 2024 and 31 March 2025	200
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 1 April 2024 and 31 March 2025	200
	----
At 31 March 2024	200
	----

Subsidiaries, associates and other investments

Details of the investments in which the parent company has an interest of 20% or more are as follows:

	Class of share	Percentage of shares held
Subsidiary undertakings
Hargreaves Foundry Limited	Ordinary	100

Hargreaves Foundry Drainage Limited	Ordinary	100

Both the subsidiaries share the same registered office as A Dyson & Son (Patterns) Limited, the parent company, and are registered in England.

16. STOCKS

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Raw materials and consumables	2,720,353	2,587,927	–	–
	-------------	-------------	----	----

17. DEBTORS

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Trade debtors	1,480,506	1,316,273	806	5,604
Amounts owed by group undertakings	–	–	1,588,872	1,434,004
Prepayments and accrued income	343,961	63,193	160,875	–
Other debtors	128,794	173,481	465	465
	-------------	-------------	-------------	-------------
	1,953,261	1,552,947	1,751,018	1,440,073
	-------------	-------------	-------------	-------------

18. CASH AND CASH EQUIVALENTS

Cash and cash equivalents comprise the following:

	2025	2024
	£	£
Cash at bank and in hand	27,385	51,096
Bank overdrafts	( 92)	–
	---------	---------
	27,293	51,096
	---------	---------

19. CREDITORS: amounts falling due within one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	500,374	757,681	–	–
Trade creditors	423,642	442,793	160,875	18,000
Amounts owed to group undertakings	–	–	65,354	43,174
Accruals and deferred income	292,869	228,876	13,626	10,000
Corporation tax	253,543	117,057	38,087	3,167
Social security and other taxes	217,822	220,682	60,415	19,201
Director loan accounts	92,037	138,306	92,034	138,306
Other creditors	74,724	88,310	–	–
	-------------	-------------	----------	----------
	1,855,011	1,993,705	430,391	231,848
	-------------	-------------	----------	----------

All Barclays Bank borrowings are secured by a charge over Clough Works, Bolton Brow, Sowerby Bridge, Halifax, a property owned by the holding company together with a fixed and floating charge over all company and group assets. All members of the group have given cross guarantees to cover bank borrowings within the group.

20. CREDITORS: amounts falling due after more than one year

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Bank loans and overdrafts	2,053	12,500	–	–
	-------	---------	----	----

21. PROVISIONS

Group and company	Deferred tax (note 22)
	£
At 1 April 2024	507,130
Charge against provision	( 2,388)
	----------
At 31 March 2025	504,742
	----------

22. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Included in provisions (note 21)	504,742	507,130	504,742	507,130
	----------	----------	----------	----------

The deferred tax account consists of the tax effect of timing differences in respect of:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Accelerated capital allowances	63,058	65,446	63,058	65,446
Revaluation of tangible assets	357,007	357,007	357,007	357,007
Fair value adjustment of investment property	84,677	84,677	84,677	84,677
	----------	----------	----------	----------
	504,742	507,130	504,742	507,130
	----------	----------	----------	----------

23. EMPLOYEE BENEFITS

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 234,076 (2024: £ 98,739 ).

24. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary "A" shares of £ 1 each	24,000	24,000	24,000	24,000
Ordinary "B" shares of £ 1 each	8,000	8,000	8,000	8,000
Ordinary "C" shares of £ 1 each	8,000	8,000	8,000	8,000
Ordinary "D" shares of £ 1 each	3,715	3,715	3,715	3,715
Ordinary "E" shares of £ 1 each	3,715	3,715	3,715	3,715

---------	---------	---------	---------
47,430	47,430	47,430	47,430
---------	---------	---------	---------

All classes of ordinary shares rank pari passu, except that dividends at variable rates can be paid on any class of ordinary shares.

25. RESERVES

Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs . Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses .

26. ANALYSIS OF CHANGES IN NET DEBT

	At 1 Apr 2024	Cash flows	At 31 Mar 2025
	£	£	£
Cash at bank and in hand	51,096	(23,711)	27,385
Bank overdrafts	–	(92)	(92)
Debt due within one year	(895,987)	303,668	(592,319)
Debt due after one year	(12,500)	10,447	(2,053)
	----------	----------	----------
	( 857,391)	290,312	( 567,079)
	----------	----------	----------

27. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	Group		Company
	2025	2024	2025	2024
	£	£	£	£
Not later than 1 year	27,290	25,050	–	–
Later than 1 year and not later than 5 years	37,413	39,360	–	–
	---------	---------	----	----
	64,703	64,410	–	–
	---------	---------	----	----

28. CONTINGENCIES

All fixed assets acquired by the company, including related finance, are transferred immediately upon acquisition to the holding company. The legal responsibility for all finance rests with this company although the holding company has undertaken to make all payments and settle all outstanding liabilities as they fall due. Barclays Bank Plc holds a cross guarantee and debenture against the company's assets as security on all bank borrowings throughout the group. The outstanding balances at 31 March 2025 in the group were £502,335 (2024: £770,651).

29. EVENTS AFTER THE END OF THE REPORTING PERIOD

Following the year end, the share capital was redesignated into various classes of shares without a change in total share capital.

A DYSON & SON (PATTERNS) LIMITED AND SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2025

30. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year a director had an unsecured interest free loan with the Company. This loan was in credit throughout the year and was repayable on demand.

31. RELATED PARTY TRANSACTIONS

Group

There are no related party transactions disclosures required for the group or company.