Registration number: 8259854

Wrendale Designs Limited

Contents

Strategic Report	1 to 2
Directors' Report	3
Statement of Directors' Responsibilities	4
Independent Auditor's Report	5 to 8
Profit and Loss Account	9
Statement of Comprehensive Income	10
Balance Sheet	11
Statement of Changes in Equity	12
Statement of Cash Flows	13
Notes to the Financial Statements	14 to 24

Wrendale Designs Limited

Strategic Report for the Year Ended 31 October 2025

The directors present their strategic report for the year ended 31 October 2025.

Principal activity

The principal activity of the company is that of the sale of cards, stationery, home and giftware items designed by Hannah Dale.

Fair review of the business

We are pleased with the results of the company in the year ended 31 October 2025. As forecast, turnover and gross profit margins have been maintained in the period. This is despite a difficult economic climate which led to reduced consumer discretionary spending.

During the year we had a focus on improving operating profit margins with a review of the warehousing and distribution costs. This involved making operational changes, but the cost savings have generated an increase in operating profit to £3.1 million compared to £2.2 million at 2024.

At the balance sheet date the net assets have increased from £7.8 million to £8.6 million after declaration of a dividend in the year.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs	Unit	2025	2024
Turnover	£000	14,537	14,492
Turnover growth	%	.3	8.7
Gross profit	£000	7,690	7,772
Gross profit margin	%	52.9	53.6
Operating profit	£000	3,101	7,828

Principal risks and uncertainties

As with any business, the company faces risks and uncertainties in the course of its day to day operations. The successful management of risk is essential to enable the company to deliver its strategic objectives.

Noted below is a summary of the company’s principal risks and uncertainties.

Control of each of these is critical to the ongoing success of the company. As such, their management is primarily the responsibility of the directors who are supported by the management throughout the company.

Foreign exchange rates
Foreign exchange rates present a risk for the company as fluctuations can affect the purchase price of the products as well as the sales value for non-UK customers. The risk is mitigated by the continual monitoring of foreign exchange movements and the company's exposure.

Supply chain risk
The company is reliant on supplies from overseas. The business is well placed to cope with any supply issues and monitors stock levels closely to ensure there is sufficient supply to meet customer demand.

Wrendale Designs Limited

Strategic Report for the Year Ended 31 October 2025

Economic and market turmoil
The worldwide geopolitical landscape remains volatile. The heightened levels of conflict continues to put pressure on transport costs which is having a continued, subsequent increase in cost of living. This has had a significant impact on consumer confidence due to the pressures on discretionary spending. The company will continue to focus on delivering quality products with strong levels of customer service to maintain our market share and repeat custom.

The company has a diverse portfolio of customers, with a mix of nationwide stores and independent retailers providing some protection from any downturn in markets.

Approved and authorised by the Board on 2 June 2026 and signed on its behalf by:
 

Mr J R Dale Director

Wrendale Designs Limited

Directors' Report for the Year Ended 31 October 2025

The directors present their report and the financial statements for the year ended 31 October 2025.

Directors of the company

The directors who held office during the year were as follows:

Mrs H V Dale

Mr J R Dale

Results and dividend
The results for the year are set out on page 9.

Dividends were paid amounting to £1,550,000. The directors do not recommend payment of a further final dividend.

Financial instruments

Objectives and policies

The directors take the management of risk very seriously and as such have policies and procedures in place which have been authorised by the board. At board level regular meetings are held where current management accounts are available to highlight any financial risks to be dealt with.

Price risk, credit risk, liquidity risk and cash flow risk

The business' principal financial instruments comprise bank balances, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved by the Board on 2 June 2026 and signed on its behalf by:

Mr J R Dale
Director

Wrendale Designs Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	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 transactions and disclose with reasonable accuracy at any time the financial position of the company 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Wrendale Designs Limited

Independent Auditor's Report to the Members of Wrendale Designs Limited

Opinion

We have audited the financial statements of Wrendale Designs Limited (the 'company') for the year ended 31 October 2025, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and 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 company's affairs as at 31 October 2025 and of its 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 auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company 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 director's 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 company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were 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 included in the annual report, other than the financial statements and our auditor’s report 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Wrendale Designs Limited

Independent Auditor's Report to the Members of Wrendale Designs Limited

We have nothing to report in this regard.

Opinion on other matter 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 Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

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, or returns adequate for our audit have not been received from branches not visited by us; or
•	the 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.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], 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 is 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 an auditor’s report 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Wrendale Designs Limited

Independent Auditor's Report to the Members of Wrendale Designs Limited

•	the nature of the industry and sector, control environment and business performance;
•	the company’s own assessment of the risks that irregularities may occur either as a result of fraud or error
•	results of our enquiries of management about their own identification and assessment of the risks of irregularities;
•	the key laws and regulations under which the business operates and whether management were aware of any instances of noncompliance;
•	whether the management have knowledge of any actual, suspected or alleged fraud;
•	the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and
•	the matters discussed among the audit engagement team, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
	As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas: revenue recognition and stock valuation. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
	We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, Tax legislation, and Regulations established by regulators in the key markets in which the company operates.
	In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty. These included the operating and environmental regulations relevant to the company.
	In addition to the above, our procedures to respond to risks identified included the following:
•	reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described above as having a direct effect on the financial statements
•	enquiring of management, concerning any actual and potential litigation and claims;
•	performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
•	in addressing the risk of fraud in revenue recognition, we have performed focussed testing on trades close to the year-end, depth testing and analytical review procedures to assess accuracy and completeness of revenue recognised;
•	in addressing the risk of fraud through stock valuation, we have reviewed the valuation of individual stock items to relevant invoices or appropriate costings where applicable; and
•	in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
	We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Wrendale Designs Limited

Independent Auditor's Report to the Members of Wrendale Designs Limited

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.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 an auditor’s report 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 Smith BSc FCA (Senior Statutory Auditor)
For and on behalf of RNS Chartered Accountants, Statutory Auditor
 50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

2 June 2026

Wrendale Designs Limited

Profit and Loss Account for the Year Ended 31 October 2025

	Note	2025 £	2024 £
Turnover	3	14,536,901	14,491,908
Cost of sales		(6,846,636)	(6,720,402)
Gross profit		7,690,265	7,771,506
Distribution costs		(2,014,125)	(2,532,649)
Administrative expenses		(2,575,036)	(3,011,381)
Operating profit	4	3,101,104	2,227,476
Other interest receivable and similar income	5	39,542	70,125
Interest payable and similar expenses	6	(19,423)	(87,962)
		20,119	(17,837)
Profit before tax		3,121,223	2,209,639
Tax on profit	10	(783,021)	(552,150)
Profit for the financial year		2,338,202	1,657,489

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Wrendale Designs Limited

Statement of Comprehensive Income for the Year Ended 31 October 2025

	2025 £	2024 £
Profit for the year	2,338,202	1,657,489
Total comprehensive income for the year	2,338,202	1,657,489

Wrendale Designs Limited

(Registration number: 8259854)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	11	259,423	304,849
Investments	12	-	-
		259,423	304,849
Current assets
Stocks	13	3,196,047	3,126,882
Debtors	14	4,591,543	3,710,407
Cash at bank and in hand	15	2,273,251	2,379,695
		10,060,841	9,216,984
Creditors: Amounts falling due within one year	16	(1,659,357)	(1,640,574)
Net current assets		8,401,484	7,576,410
Total assets less current liabilities		8,660,907	7,881,259
Provisions for liabilities	18	(44,865)	(53,419)
Net assets		8,616,042	7,827,840
Capital and reserves
Called up share capital	20	100	100
Retained earnings		8,615,942	7,827,740
Shareholders' funds		8,616,042	7,827,840

Approved and authorised by the Board on 2 June 2026 and signed on its behalf by:
 

Mr J R Dale Director

Wrendale Designs Limited

Statement of Changes in Equity for the Year Ended 31 October 2025

	Share capital £	Retained earnings £	Total £
At 1 November 2024	100	7,827,740	7,827,840
Profit for the year	-	2,338,202	2,338,202
Total comprehensive income	-	2,338,202	2,338,202
Dividends	-	(1,550,000)	(1,550,000)
At 31 October 2025	100	8,615,942	8,616,042