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REGISTERED NUMBER: 03681861 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

DENNIS DAY LIMITED

DENNIS DAY LIMITED (REGISTERED NUMBER: 03681861)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

DENNIS DAY LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MAY 2025

| DIRECTORS: | D S Rose

| M Rhodes

| SECRETARY: | M Rhodes

| REGISTERED OFFICE: | 111b Regents Park Road

| London

| NW1 8UR

| REGISTERED NUMBER: | 03681861 (England and Wales)

| INDEPENDENT AUDITORS: | MGR SD Limited

| Chartered Accountants

| Statutory Auditors

| 55 Loudoun Road

| St John's Wood

| London

| NW8 0DL

DENNIS DAY LIMITED (REGISTERED NUMBER: 03681861)

BALANCE SHEET

31 MAY 2025

| 31.5.25 |  | 31.5.24

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,432 |  | 4,624 |  |

CURRENT ASSETS

Stocks | 5 | 11,711 |  | - |  |

Debtors | 6 | 427,050 |  | 449,917 |  |

Cash at bank and in hand | 16,769 |  | 20,758 |  |

455,530 |  | 470,675 |  |

CREDITORS

Amounts falling due within one year | 7 | (407,108 | ) | (379,184 | ) |

NET CURRENT ASSETS | 48,422 |  | 91,491 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 51,854 |  | 96,115 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (5,000 | ) | (14,237 | ) |

NET ASSETS | 46,854 |  | 81,878 |  |

CAPITAL AND RESERVES

Called up share capital | 13 | 100 |  | 100 |  |

Retained earnings | 46,754 |  | 81,778 |  |

SHAREHOLDERS' FUNDS | 46,854 |  | 81,878 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

D S Rose - Director

M Rhodes - Director

DENNIS DAY LIMITED (REGISTERED NUMBER: 03681861)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1. | STATUTORY INFORMATION

| Dennis Day Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

| All figures are rounded to the nearest pound.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Revenue recognition

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

| Tangible fixed assets

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

| Office equipment | - | 25% on cost

| Fixtures and fittings | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Financial instruments

| Financial instruments, including interest rate swaps, forward foreign exchange contracts and CFD's are not basic financial instruments. These derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting date. The resulting gain or loss is charged to profit or loss immediately.

| A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

| 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.

DENNIS DAY LIMITED (REGISTERED NUMBER: 03681861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 12 (2024 - 12 ) .

DENNIS DAY LIMITED (REGISTERED NUMBER: 03681861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Office |  | and |

| equipment |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1 June 2024 | 62,480 |  | 9,920 |  | 72,400 |  |

| Additions | 1,333 |  | - |  | 1,333 |  |

| Disposals | (4,041 | ) | - |  | (4,041 | ) |

| Transfer to ownership | 21,445 |  | - |  | 21,445 |  |

| At 31 May 2025 | 81,217 |  | 9,920 |  | 91,137 |  |

| DEPRECIATION

| At 1 June 2024 | 58,181 |  | 9,595 |  | 67,776 |  |

| Charge for year | 2,362 |  | 163 |  | 2,525 |  |

| Eliminated on disposal | (4,041 | ) | - |  | (4,041 | ) |

| Transfer to ownership | 21,445 |  | - |  | 21,445 |  |

| At 31 May 2025 | 77,947 |  | 9,758 |  | 87,705 |  |

| NET BOOK VALUE

| At 31 May 2025 | 3,270 |  | 162 |  | 3,432 |  |

| At 31 May 2024 | 4,299 |  | 325 |  | 4,624 |  |

5. | STOCKS

| 31.5.25 |  | 31.5.24

£ | £ |

| Stocks | 11,711 |  | - |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.5.25 |  | 31.5.24

£ | £ |

| Trade debtors | 44,854 |  | 80,781 |  |

| Amounts owed by group companies | 305,966 |  | 293,214 |  |

| Other debtors | 76,230 |  | 75,922 |  |

427,050 |  | 449,917 |  |

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans and overdrafts (see note 9) | 19,136 |  | 75,906 |  |

| Trade creditors | 66,620 |  | 110,102 |  |

| Amounts owed to group companies | 189,937 |  | 17,897 |  |

| Taxation and social security | 20,132 |  | 17,504 |  |

| Other creditors | 111,283 |  | 157,775 |  |

407,108 |  | 379,184 |  |

DENNIS DAY LIMITED (REGISTERED NUMBER: 03681861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

| Included within bank loans and overdrafts is an amount totalling £9,136 (2024: £65,143) due to a debt factoring company.

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Bank loans (see note 9) | 5,000 |  | 14,237 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

| 31.5.25 |  | 31.5.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 9,136 |  | 65,143 |  |

| Bank loans | 10,000 |  | 10,763 |  |

19,136 |  | 75,906 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 5,000 |  | 10,000 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | - |  | 4,237 |  |

10. | LEASING AGREEMENTS

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

| 31.5.25 |  | 31.5.24

£ | £ |

| Within one year | 99,599 |  | 99,599 |  |

| Between one and five years | 398,396 |  | 398,396 |  |

| In more than five years | 240,698 |  | 340,297 |  |

738,693 |  | 838,292 |  |

DENNIS DAY LIMITED (REGISTERED NUMBER: 03681861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

11. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.5.25 |  | 31.5.24

£ | £ |

| Factoring account | 9,135 |  | 65,143 |  |

| Bank loan | 15,000 |  | 25,000 |  |

24,135 |  | 90,143 |  |

| The factoring account was secured by a fixed charge over book debts and a floating charge over all other assets of the company.

| The bank loan is secured under the Bounce Back Loan scheme.

| The landlord holds a rent deposit deed to the value of £30,037 (2024: £30,037).

12. | DEFERRED TAX

£ |

| Balance at 1 June 2024 | (15,416 | ) |

| Charge to Income Statement during year | 13,160 |  |

| Balance at 31 May 2025 | (2,256 | ) |

13. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.5.25 |  | 31.5.24

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

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

| The Report of the Auditors was unqualified.

| Lydia Warde FCA (Senior Statutory Auditor)

| for and on behalf of MGR SD Limited

15. | PENSION COMMITMENTS

| The company makes payments to a defined contribution pension scheme on behalf of employees and directors. Amounts charged to the profit and loss account during the year totalled £121,441 (2024: £148,155). At the balance sheet date there were unpaid employer pension contributions of £9,066 (2024: £103,876).

16. | OTHER FINANCIAL COMMITMENTS

| At the year end, the company held GBP/USD forward contracts amounting to £334,351. The contracts were revalued at fair value at the year end and a loss has been recognised in the accounts of £15,925 (2024: £Nil).

| During the year, the company made a loss on crystalised forward contracts of £3,831 (2024: £14,977).

DENNIS DAY LIMITED (REGISTERED NUMBER: 03681861)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MAY 2025

17. | RELATED PARTY DISCLOSURES

| Garment Services Group Ltd

| The parent company.

| The company charged Garment Services Group Ltd interest of £11,768 (2024: £11,277) at a commercial rate of 4% (2024: 4%).

| 31.5.25 |  | 31.5.24

£ | £ |

| Amount due from related party at the balance sheet date | 305,966 |  | 293,214 |  |

| Garment Services Meegoda (PVT) Ltd

| A subsidiary in the same group.

| During the year, the company made sales of £887,000 (2024: £714,861) to Garment Services Meegoda (PVT) Ltd and purchases of £323,836 (2024: £351,000) from Garment Services Meegoda (PVT) Ltd.

| 31.5.25 |  | 31.5.24

£ | £ |

| Amount due to related party at the balance sheet date | 189,937 |  | 17,897 |  |

18. | ULTIMATE CONTROLLING PARTY

| The controlling party is D S Rose by virtue of their shareholding in the parent company.

19. | PARENT COMPANY

| The company is a wholly owned subsidiary of their parent company Garment Services Group Ltd in which D S Rose is a shareholder. The company is included in the consolidated accounts of Garment Services Group Ltd.

| Registered office address of Garment Services Group Ltd:

| RMS 1120 & 1122 11/F

| Leighton Centre

| 77 Leighton Road

| Causeway Bay

| Hong Kong