Company registration number: 08641488
Annual report and unaudited financial statements
for the year ended 31 July 2025
for
Daisy Fays Limited
Pages for filing with the Registrar
Company registration number: 08641488
Daisy Fays Limited
Balance sheet
as at 31 July 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 127,597 172,995
Tangible assets 5 276,102 259,975
Investments 6 - 260,879
403,699 693,849
Current assets
Debtors 7 331,900 203,033
Cash at bank and in hand 47,796 46,048
379,696 249,081
Creditors: amounts falling due within one
year 		8 (645,015) (564,369)
Net current liabilities (265,319) (315,288)
Total assets less current liabilities 138,380 378,561
Creditors: Amounts falling due after more
than one year 		9 (163,866) (370,080)
NET (LIABILITIES)/ASSETS (25,486) 8,481
Capital and reserves
Called up share capital 100 100
Profit and loss account (25,586) 8,381
TOTAL EQUITY (25,486) 8,481
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 July 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 08641488
Daisy Fays Limited
Balance sheet - continued
as at 31 July 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 18 May 2026 and signed on its behalf by:
Mrs F Caruana, Director Mr J Caruana, Director
18 May 2026 18 May 2026
2
Daisy Fays Limited
Notes to the financial statements
for the year ended 31 July 2025
1 Company information
Daisy Fays Limited is a private company registered in England and Wales. Its registered number is 08641488. The company is limited by shares. Its registered office is 1 Riverside Cottage, Tresillian, Truro, Cornwall, TR2 4BA.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Exemption from preparation of consolidated financial statements
The financial statements contain information about Daisy Fays Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill amortisation - 20% straight line
3
Daisy Fays Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - Freehold property is maintained at a standard such that
the costs of maintenance exceed the depreciation
charge of 2% and as such, freehold property is not
depreciated.
Long leasehold property - The value of long leasehold property has been fully
depreciated to the nominal value of the lease held.
Plant and machinery etc.:
Plant & machinery - 20% straight line
Fixtures & fittings - 20% straight line
Investments in subsidiaries
Investments in subsidiaries are recognised at cost.
4
Daisy Fays Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
2 Accounting policies - continued
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
5
Daisy Fays Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
2 Accounting policies - continued
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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 117 (2024 - 77).
4 Intangible assets
Goodwill
amortisation
£
Cost
At 1 August 2024 226,992
At 31 July 2025 226,992
Amortisation
At 1 August 2024 53,997
Charge for year 45,398
At 31 July 2025 99,395
Net book value
At 31 July 2025 127,597
At 31 July 2024 172,995
6
Daisy Fays Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 August 2024 218,236 92,431 310,667
Additions - 20,020 20,020
At 31 July 2025 218,236 112,451 330,687
Depreciation
At 1 August 2024 - 50,692 50,692
Charge for year - 3,893 3,893
At 31 July 2025 - 54,585 54,585
Net book value
At 31 July 2025 218,236 57,866 276,102
At 31 July 2024 218,236 41,739 259,975
6 Fixed asset investments
Investments other than loans
Shares in
group
undertakings
and
participating
interests
£
Cost
At 1 August 2024 260,879
Impairments (260,879)
At 31 July 2025 -
Net book value
At 31 July 2025 -
At 31 July 2024 260,879
7
Daisy Fays Limited
Notes to the financial statements - continued
for the year ended 31 July 2025
7 Debtors
2025 2024
£ £
Trade debtors 4,427 48
Amounts owed by group undertakings 32,836 -
Other debtors 256,392 193,169
Prepayments and accrued income 38,245 9,816
331,900 203,033
8 Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 2,949 4,524
Hire purchase and finance leases 556 3,713
Trade creditors 13,781 28,576
Amounts owed to directors 2,148 71,101
Other creditors 290,882 315,567
Taxation 108,238 28,826
Social security and other tax 56,677 32,611
Accruals and deferred income 169,784 79,451
645,015 564,369
9 Creditors: amounts falling due after more than one year
2025 2024
£ £
Amounts owed to group undertakings - 197,108
Other creditors 163,866 172,972
163,866 370,080
8