Margaret Reid Display Solutions Limited


Director	Ms M Reid


Registered Address	Unit S2a Inchbrook Trading Estate, Bath Road
	Woodchester
	Stroud
	GL5 5EY


Registered Number	10424992 (England and Wales)

Statement of Financial Position
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		833		1,667
Tangible assets	4		8,896		11,862
			9,729		13,529
Current assets
Stocks	5	10,053		18,032
Debtors		23,184		42,618
Cash at bank and on hand		43		1
		33,280		60,651
Creditors amounts falling due within one year	6	(165,555)		(213,806)
Net current assets (liabilities)			(132,275)		(153,155)
Total assets less current liabilities			(122,546)		(139,626)
Creditors amounts falling due after one year	7		-		(4,244)
Net assets			(122,546)		(143,870)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(122,646)		(143,970)
Shareholders' funds			(122,546)		(143,870)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 April 2026, and are signed on its behalf by:

Ms M Reid
Director
Registered Company No. 10424992

Margaret Reid Display Solutions Limited

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. This Company is not part of a group.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The company is only able to trade with the continuing support of the director, who has indicated that this support will not be withdrawn. The director considers that the resources available to the company, as well as exploring new trading opportunities during the current year, will be sufficient for it to be able to continue as a going concern. The financial statements do not include any adjustments that would be required if the company were not able to continue as a going concern.

Going concern

The company is only able to trade with the continuing support of the director, who has indicated that this support will not be withdrawn. The director considers that the resources available to the company, as well as exploring new trading opportunities during the current year, will be sufficient for it to be able to continue as a going concern. The financial statements do not include any adjustments that would be required if the company were not able to continue as a going concern.

	Revenue from sale of goods
	Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised. Revenue from the sale of goods is recognised when all of the following conditions are satisfied: - the company has transferred the significant risks and rewards of ownership to the buyer; - the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; - the amount of revenue can be measured reliably; - it is probable that the company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from sale of goods

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised.

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

-     the company has transferred the significant risks and rewards of ownership to the buyer;

-     the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-     the amount of revenue can be measured reliably;

-     it is probable that the company will receive the consideration due under the transaction; and

-     the costs incurred or to be incurred in respect of the transaction can be measured reliably.

	Employee benefits
	The company operates a defined contributions plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contributions plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Research and development
	Expenditure on research and development is written off against profits in the year in which it is incurred.

	Tangible fixed assets and depreciation
	Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis: Leasehold property improvements - 25% reducing balance Plant and machinery - 25% reducing balance Fixtures and fittings - 25% reducing balance Office equipment - 25% reducing balance The assets, residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Tangible fixed assets and depreciation

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:

Leasehold property improvements - 25% reducing balance
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Office equipment - 25% reducing balance

The assets, residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2026		2025
	Average number of employees during the year	2		3

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 February 25	2,500	2,500
At 31 January 26	2,500	2,500
Amortisation and impairment
At 01 February 25	833	833
Charge for year	834	834
At 31 January 26	1,667	1,667
Net book value
At 31 January 26	833	833
At 31 January 25	1,667	1,667

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 February 25	7,000	77,337	1,833	13,657	99,827
At 31 January 26	7,000	77,337	1,833	13,657	99,827
Depreciation and impairment
At 01 February 25	6,301	68,289	1,649	11,726	87,965
Charge for year	175	2,262	46	483	2,966
At 31 January 26	6,476	70,551	1,695	12,209	90,931
Net book value
At 31 January 26	524	6,786	138	1,448	8,896
At 31 January 25	699	9,048	184	1,931	11,862

5.	Stocks

	2026	2025
	£	£
Raw materials and consumables	10,053	18,032
Total	10,053	18,032

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	67,806	97,970
Bank borrowings and overdrafts	63,024	70,700
Taxation and social security	28,053	32,978
Other creditors	5,310	9,516
Accrued liabilities and deferred income	1,362	2,642
Total	165,555	213,806


	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The bank borrowing is secured by a fixed and floating charge over the company's assets.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	-	4,244
Total	-	4,244

8.	Other commitments
	The company had the following annual commitments under non-cancellable operating leases as at 31 January 2026:- Expiring in <1 years - £27,996 per annum

9.	Directors advances, credits and guarantees
	As at 1st February 2025 the company owed the director £3,684. Following transactions during the year totalling £3,919 the director owes the company £235 as at 31st January 2026. This loan is interest free and payable on demand. The director has confirmed the loan will be repaid within 9 months of year end. Therefore, no S455 tax is due on this loan.