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Registration number: 11281192

DBS Financial Associates Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 August 2025

DBS Financial Associates Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

DBS Financial Associates Ltd

Company Information

Directors | Daljit Dhillon Manjeet Singh Rakhra

Registered office | Vulcan House Unit A1-A6 Vulcan Road Bilston WV14 7LF

Accountants | Mill House Accountancy Limited Chartered AccountantsUnit 2, The Keele Centre Three Mile Lane Keele Newcastle-under-Lyme Staffordshire ST5 5HH

DBS Financial Associates Ltd

(Registration number: 11281192)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 577 | 692
Tangible assets | 5 | 2,345 | 2,931
|  | 2,922 | 3,623
Current assets |  |  |
Debtors | 6 | 11,980 | 5,013
Cash at bank and in hand |  | 38,179 | 31,247
|  | 50,159 | 36,260
Creditors: Amounts falling due within one year | 7 | (42,947) | (38,849)
Net current assets/(liabilities) |  | 7,212 | (2,589)
Net assets |  | 10,134 | 1,034
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | 10,133 | 1,033
Shareholders' funds |  | 10,134 | 1,034

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 January 2026 and signed on its behalf by:

......................................... Daljit Dhillon Director
......................................... Manjeet Singh Rakhra Director

DBS Financial Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Vulcan House
Unit A1-A6
Vulcan Road
Bilston
WV14 7LF
England

These financial statements were authorised for issue by the Board on 22 January 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

DBS Financial Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment | 20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

DBS Financial Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 September 2024 | 1,153 | 1,153
At 31 August 2025 | 1,153 | 1,153
Amortisation
At 1 September 2024 | 461 | 461
Amortisation charge | 115 | 115
At 31 August 2025 | 576 | 576
Carrying amount
At 31 August 2025 | 577 | 577
At 31 August 2024 | 692 | 692

5 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 September 2024 | 6,845 | 6,845
At 31 August 2025 | 6,845 | 6,845
Depreciation
At 1 September 2024 | 3,914 | 3,914
Charge for the year | 586 | 586
At 31 August 2025 | 4,500 | 4,500
Carrying amount
At 31 August 2025 | 2,345 | 2,345
At 31 August 2024 | 2,931 | 2,931

DBS Financial Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 11,980 | 5,013
| 11,980 | 5,013

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 2,136 | 1,776
Other creditors | 40,811 | 37,073
| 42,947 | 38,849

DBS Financial Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £0.50 each | 2 | 1 | 2 | 1

9 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £15,000.00 (2024 - £15,500.00) per each Ordinary |  | 30,000 |  | 31,000

10 | Related party transactions

All transactions with related parties are conducted on an arm's length basis.

DBS Financial Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 25,140 | 25,140
Contributions paid to money purchase schemes | 3,779 | 3,540
| 28,919 | 28,680