REGISTERED NUMBER: 03303042 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Didac Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M P James

Mrs E E Stanley

G Lewis

M A Stevens

SECRETARY:

M P James

REGISTERED OFFICE:

8 Woodwise Academy

Riverside

Crews Hole Road

Bristol

BS5 8BB

REGISTERED NUMBER:

03303042 (England and Wales)

ACCOUNTANTS:

Stanley Joseph Limited

Chartered Accountants

Suite 1

Liberty House

South Liberty Lane

Bristol

BS3 2ST

BANKERS:

Lloyds TSB

102 Regent Street

Kingswood

Bristol

BS16 1QG

FIXED ASSETS

Intangible assets

4

25,000

-

Property, plant and equipment

5

588,264

598,343

613,264

598,343

CURRENT ASSETS

Debtors

6

168,954

178,670

Cash at bank

8,258

41,042

177,212

219,712

CREDITORS

Amounts falling due within one year

7

136,908

140,089

NET CURRENT ASSETS

40,304

79,623

TOTAL ASSETS LESS CURRENT LIABILITIES

653,568

677,966

CREDITORS

Amounts falling due after more than one year

8

(194,919

)

(256,999

)

PROVISIONS FOR LIABILITIES

(84,221

)

(86,994

)

NET ASSETS

374,428

333,973

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

241,773

246,087

Retained earnings

132,555

87,786

SHAREHOLDERS' FUNDS

374,428

333,973

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 2 June 2026 and were signed on its behalf by:

M P James - Director

1.	STATUTORY INFORMATION

Didac 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Improvements to property

-

2% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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.

Know how under development

Know how under development is capitalised as intellectual property. No amortisation is provided in the first year, and it is written off after that over 5 years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2025

157,804

Additions

25,000

At 31 December 2025

182,804

AMORTISATION

At 1 January 2025

and 31 December 2025

157,804

NET BOOK VALUE

At 31 December 2025

25,000

At 31 December 2024

-

Intangible fixed assets represents knowhow in training frameworks for woodworking machinery operators and the merchanting trades.

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 January 2025

580,000

-

114,564

Additions

-

4,000

-

At 31 December 2025

580,000

4,000

114,564

DEPRECIATION

At 1 January 2025

11,600

-

107,011

Charge for year

11,600

80

1,949

At 31 December 2025

23,200

80

108,960

NET BOOK VALUE

At 31 December 2025

556,800

3,920

5,604

At 31 December 2024

568,400

-

7,553

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

137,175

-

831,739

Additions

1,272

5,813

11,085

At 31 December 2025

138,447

5,813

842,824

DEPRECIATION

At 1 January 2025

114,785

-

233,396

Charge for year

6,081

1,454

21,164

At 31 December 2025

120,866

1,454

254,560

NET BOOK VALUE

At 31 December 2025

17,581

4,359

588,264

At 31 December 2024

22,390

-

598,343

Cost or valuation at 31 December 2025 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2023

287,111

-

-

Cost

292,889

4,000

114,564

580,000

4,000

114,564

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Valuation in 2023

-

-

287,111

Cost

138,447

5,813

555,713

138,447

5,813

842,824

The freehold property was valued at £580,000 by Cooper and Tanner Chartered surveyors on 14 December 2023.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

129,366

138,474

Amounts owed by associates

12,469

15,469

Prepayments and accrued income

27,119

24,727

168,954

178,670

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

17,020

21,920

Trade creditors

24,533

9,636

Amounts owed to group undertakings

-

3,000

Tax

20,164

13,938

Social security and other taxes

18,639

14,246

VAT

14,975

17,734

Other creditors

19,284

24,620

Accrued expenses

22,293

34,995

136,908

140,089

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans - 2-5 years

-

5,000

Mortgage - 2-5 years

61,080

57,680

Mortgage more than 5 years

84,722

100,201

Directors' loan accounts

49,117

94,118

194,919

256,999

31.12.25

31.12.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Mortgage more than 5 years

84,722

100,201

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

162,822

184,801

Directors loan

49,117

94,118

211,939

278,919

The bank loan is secured with a legal charge on the company's property and a debenture on the company's assets. The directors loan is secured by a second charge on the company's assets

10.

RESERVES

Revaluation

reserve

£

At 1 January 2025

246,087

Deferred tax on revaluation

1,438

Revaluation released

(5,752

)

At 31 December 2025

241,773

11.	RELATED PARTY DISCLOSURES

MP James

Director

During the year the company entered in to the following transactions with the director:

2025

2024

Capital introduced/(withdrawn)

(45,001

)

(63,000

)

At the balance sheet date the company owed Mr M James £49,117 (2024 - £94,118) in respect of his director's loan account.

Didac Education LLP:

A partnership of which the directors are equity members

2025

2024

Licence fees paid

51,400

15,470

At the balance sheet date the amount due from the LLP was £12,469 (2024- £15,469).