REGISTERED NUMBER: 12416299 (England and Wales)

Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2025

for

D G & B Holdings Ltd

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Consolidated Income Statement

9

Consolidated Other Comprehensive Income

10

Consolidated Balance Sheet

11

Company Balance Sheet

13

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

20

DIRECTORS:

M E Gardner

R R Bennett

T P Dunn

SECRETARIES:

Ms. J Lowis

Ms. K A Wilson

REGISTERED OFFICE:

Unit 13 Enterprise Court

Farfield Park

Manvers

Rotherham

South Yorkshire

S63 5DB

REGISTERED NUMBER:

12416299 (England and Wales)

AUDITORS:

Leesing Marrison Lee Limited

46 Main Street

Mexborough

South Yorkshire

S64 9DU

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

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of a holding company.

DIRECTORS

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

M E Gardner

R R Bennett

T P Dunn

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing 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 the group and of 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 judgements 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 and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group 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 the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Leesing Marrison Lee Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M E Gardner - Director

30 December 2025

Opinion

We have audited the financial statements of D G & B Holdings Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, 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 group's and of the parent company 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; 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 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 and 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 directors are responsible for the other information. The other information comprises the information in 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 Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has 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 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 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; or

-	the directors were not entitled to take advantage of the small companies' exemption from the requirement to prepare a Group Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, 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 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.

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.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view).

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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.

Robert Tippett (Senior Statutory Auditor)

for and on behalf of Leesing Marrison Lee Limited

46 Main Street

Mexborough

South Yorkshire

S64 9DU

30 December 2025

REVENUE

12,352,599

12,655,980

Cost of sales

8,733,301

9,370,364

GROSS PROFIT

3,619,298

3,285,616

Administrative expenses

2,477,034

2,638,923

1,142,264

646,693

Other operating income

17,005

1,000

OPERATING PROFIT

4

1,159,269

647,693

Interest receivable and similar income

592

305

1,159,861

647,998

Amounts written off investments

5

63,159

-

1,096,702

647,998

Interest payable and similar expenses

6

91,988

53,378

PROFIT BEFORE TAXATION

1,004,714

594,620

Tax on profit

7

275,312

151,920

PROFIT FOR THE FINANCIAL YEAR

729,402

442,700

Profit attributable to:

Owners of the parent

729,402

442,700

PROFIT FOR THE YEAR

729,402

442,700

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

729,402

442,700

Total comprehensive income attributable to:

Owners of the parent

729,277

442,700

Non-controlling interests

125

-

729,402

442,700

FIXED ASSETS

Property, plant and equipment

10

364,970

330,019

Investments

11

-

-

Investment property

12

350,000

350,000

714,970

680,019

CURRENT ASSETS

Inventories

13

195,166

89,234

Debtors

14

3,589,062

2,255,368

Investments

15

-

43,379

Cash at bank and in hand

411,555

641,378

4,195,783

3,029,359

CREDITORS

Amounts falling due within one year

16

4,043,913

3,009,192

NET CURRENT ASSETS

151,870

20,167

TOTAL ASSETS LESS CURRENT LIABILITIES

866,840

700,186

CREDITORS

Amounts falling due after more than one year

17

(217,856

)

(291,583

)

PROVISIONS FOR LIABILITIES

20

(108,902

)

(98,768

)

NET ASSETS

540,082

309,835

CAPITAL AND RESERVES

Called up share capital

21

600

600

Retained earnings

22

538,932

308,810

SHAREHOLDERS' FUNDS

539,532

309,410

NON-CONTROLLING INTERESTS

550

425

TOTAL EQUITY

540,082

309,835

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

M E Gardner - Director

FIXED ASSETS

Property, plant and equipment

10

327,705

280,121

Investments

11

2,350

2,475

Investment property

12

350,000

350,000

680,055

632,596

CURRENT ASSETS

Debtors

14

2,189,409

1,899,806

Investments

15

-

43,379

Cash at bank

48,757

27,656

2,238,166

1,970,841

CREDITORS

Amounts falling due within one year

16

2,435,811

2,087,269

NET CURRENT LIABILITIES

(197,645

)

(116,428

)

TOTAL ASSETS LESS CURRENT LIABILITIES

482,410

516,168

CREDITORS

Amounts falling due after more than one year

17

(177,856

)

(131,583

)

PROVISIONS FOR LIABILITIES

20

(99,586

)

(86,293

)

NET ASSETS

204,968

298,292

CAPITAL AND RESERVES

Called up share capital

21

600

600

Retained earnings

204,368

297,692

SHAREHOLDERS' FUNDS

204,968

298,292

Company's profit for the financial year

146,676

128,686

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

M E Gardner - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1 April 2023

600

287,993

288,593

550

289,143

Changes in equity

Dividends

-

(421,883

)

(421,883

)

-

(421,883

)

Total comprehensive income

-

442,700

442,700

-

442,700

600

308,810

309,410

550

309,960

Acquisition of non-controlling interest

-

-

-

(125

)

(125

)

Balance at 31 March 2024

600

308,810

309,410

425

309,835

Changes in equity

Dividends

-

(499,280

)

(499,280

)

-

(499,280

)

Total comprehensive income

-

729,402

729,402

125

729,527

Balance at 31 March 2025

600

538,932

539,532

550

540,082

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 April 2023

600

409,006

409,606

Changes in equity

Dividends

-

(240,000

)

(240,000

)

Total comprehensive income

-

128,686

128,686

Balance at 31 March 2024

600

297,692

298,292

Changes in equity

Dividends

-

(240,000

)

(240,000

)

Total comprehensive income

-

146,676

146,676

Balance at 31 March 2025

600

204,368

204,968

Cash flows from operating activities

Cash generated from operations

1

549,357

419,054

Interest paid

(65,102

)

(53,161

)

Interest element of hire purchase payments paid

(26,886

)

(217

)

Tax paid

(41,595

)

7,302

Net cash from operating activities

415,774

372,978

Cash flows from investing activities

Purchase of tangible fixed assets

(129,334

)

(203,353

)

Sale of tangible fixed assets

-

137,720

Interest received

592

305

Net cash from investing activities

(128,742

)

(65,328

)

Cash flows from financing activities

Capital repayments in year

11,258

138,199

Amount introduced by directors

492,928

462,226

Amount withdrawn by directors

(519,254

)

(471,705

)

Equity dividends paid

(499,280

)

(421,883

)

Net cash from financing activities

(514,348

)

(293,163

)

(Decrease)/increase in cash and cash equivalents

(227,316

)

14,487

Cash and cash equivalents at beginning of year

2

636,515

622,028

Cash and cash equivalents at end of year

2

409,199

636,515

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

1,004,714

594,620

Depreciation charges

93,708

50,395

Loss/(profit) on disposal of fixed assets

676

(1,455

)

Finance costs

91,988

53,378

Finance income

(592

)

(305

)

1,190,494

696,633

Increase in inventories

(105,932

)

(24,552

)

(Increase)/decrease in trade and other debtors

(1,295,446

)

58,819

Increase/(decrease) in trade and other creditors

760,241

(311,846

)

Cash generated from operations

549,357

419,054

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2025

31.3.25

1.4.24

£

£

Cash and cash equivalents

411,555

641,378

Bank overdrafts

(2,356

)

(4,863

)

409,199

636,515

Year ended 31 March 2024

31.3.24

1.4.23

£

£

Cash and cash equivalents

641,378

623,906

Bank overdrafts

(4,863

)

(1,878

)

636,515

622,028

3.	ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

641,378

(229,823

)

411,555

Bank overdrafts

(4,863

)

2,507

(2,356

)

636,515

(227,316

)

409,199

Liquid resources

Current asset investments

43,379

(43,379

)

-

43,379

(43,379

)

-

Debt

Finance leases

(240,624

)

(11,258

)

(251,882

)

Debts falling due within 1 year

(120,000

)

-

(120,000

)

Debts falling due after 1 year

(160,000

)

120,000

(40,000

)

(520,624

)

108,742

(411,882

)

Total

159,270

(161,953

)

(2,683

)

1.	STATUTORY INFORMATION

D G & B Holdings Ltd 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 General 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.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost and Straight line over 3 years

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

Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.