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Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
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COMPANY INFORMATION
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CONTENTS
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STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their strategic report and the financial statements for the year ended 31 December 2025.
The company’s principal activities during the year continued to be the manufacture and distribution of domestic furnishings.
The company’s key financial and other performance indicators during the year were as follows:
Turnover increased in 2025 by 12% when compared with 2024. The increase in turnover is driven predominantly by increased sales revenue through the Contract sales channel with new sites and business gained throughout the year. In addition, Retail revenue increased being predominantly driven by increased sales revenue through one major retailer following successfully winning back business that was initially lost in 2017 through a tender process. 2025 delivered an increase in EBITDA to £2m compared to the 2024 EBITDA of £0.9m with the increase driven by the increase in sales revenue. Shareholders’ funds increased by 38% due to the profit for the year. The company’s ‘quick ratio’ (current assets as a percentage of current liabilities), increased to 136% (2024: 109%). There was a decrease in the number of employees during the year from 145 in 2024 to 140 in 2025. The products manufactured and sold by the company have minimal environmental impact. However, the board believes in good environmental practice as a matter of principle. Additionally, the company will benefit from such practice in terms of its reputation of the company. Consequently, the company continues to put environmental responsibilities high on the agenda.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The principal risks and uncertainties facing the company are outlined below;
∙Exchange rates and commodity prices
The directors consider that exchange rates and commodity prices are the two main factors that they are unable to control that may impact on the profitability of the business. However, having considered the impact of these matters as part of our forecasting process, we do not expect any fluctuations in these areas to have a material impact upon the profitability of the business. The business has demonstrated over recent years its ability to pass on any cost increases driven by changes in these factors, to its customers in the form of price increases. We also have a policy of forward foreign exchange contracts on a rolling 6 month basis that allows time for customer price increases to be secured.
∙Competitive risk
The directors do not consider the competitive risk of the business to be any greater than would normally be expected for a company operating in an open market environment.
∙Risk surrounding interest rates
Interest rates ended 2024 at 4.75% and have been subsequently cut further throughout 2025 to the current level of 3.75%. However as high interest rates over the last few years have driven up mortgage and loan rates and impacted consumer spending on big ticket items, despite the small cuts over the last 12 months, interest rates are forecast to increase again before the end of the year driven by inflationary pressures and global energy prices. Therefore, when assessing the impact of this on the business, the Directors have been conservative within their forecasts, reflecting increased costs, the impact on overheads and lower demand for our product reflected within underlying volumes.
∙Credit, liquidity and cash flow risk
This is the risk that the company will not be able to meet its financial liabilities as they fall due. The business produces and monitors short term and long term cashflow forecasts, to ensure that if a potential liquidity risk existed appropriate action could be taken in advance to avoid such a situation. Credit risk is managed by only offering credit terms to those customers who meet internal requirements relating to payment history and creditworthiness.
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
We fulfil the statutory requirements for Streamlined Energy and Carbon Reporting which includes disclosure of the Company’s carbon emissions. Under the Companies Act 2006 / SECR Regulations, ‘Large’ companies’ are required to report their annual emissions in their Directors’ report.
Home Decor GB Limited Streamlined Energy and Carbon Reporting statement covers the reporting period 1 January 2025 to 31 December 2025 and has been prepared in line with the requirements of the Streamlined Energy and Carbon Reporting regulations and the relevant areas of the Greenhouse Gas (‘GHG’) Protocol Corporate Accounting and Reporting Standard. *Conversion factors provided by BEIS and the Carbon Trust
The total energy consumption for 2025 was 1,003,279 kWh equating to 57,460 kgCO2e
The total fuel usage for 2025 was 26,787 litres equating to 84,950 kgCO2e
Carbon intensity: Emissions of kgCO2e/£m turnover during 2025 was 0.005535 kgCO2e
2024 Comparative data
*Conversion factors provided by BEIS and the Carbon Trust
The total energy consumption for 2024 was 985,400 kWh equating to 32,290 kgCO2e
The total fuel usage for 2024 was 34580 litres equating to 92,710 kgCO2e
Carbon intensity: Emissions of kgCO2e/£m turnover during 2024 was 0.005427 kgCO2e
Qualifying information on the above data:
∙This statement has been prepared in line with the requirements of the Streamlined Energy and Carbon Reporting regulations and the relevant areas of the Greenhouse Gas (‘GHG’) Protocol Corporate Accounting and Reporting Standard and Governments Department of Energy Security & Net Zero GHG Conversion Factors for Company Reporting.
∙This is the Company’s sixth year of Streamlined Energy and Carbon Reporting and for 2025 we have been able to use our Power BI Sustainability Reporting Tool to calculate a full year of electricity, gas and fuel consumption.
∙kgCO2e is the kilograms of equivalent carbon emissions generated by the various greenhouse gasses (carbon dioxide, methane, nitrous oxide etc.) each of which has a ‘Global Warming Potential’ factor that is included in the above emission figure.
∙Total sales for use as the Metric are £25,728,126
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STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
During the year 2025 the following improvements in energy efficiency were undertaken:
∙Improvements to data collection using the Power BI Sustainability Reporting Tool for Scope 1 & 2.
∙Continued use of 100% renewable grid electricity energy with improvements to carbon measurement reporting tool allowing for the identification of CO2 generated from the transmission and distribution of the electricity supply (scope 3)
∙Reductions in fuel usage
This report was approved by the board on 2 July 2026 and signed on its behalf.
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DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
The directors who served during the year were:
The profit for the year, after taxation, amounted to £1,030,791 (2024 - loss £50,089).
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙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 to 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.
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
In 2025 the business experienced an increase in year on year Retail and Distribution volumes predominantly driven by the growth within a large nationwide retailer following successfully winning back business that was initially lost in 2017 through a tender process. Despite a decline in new house sales, the Contract channel also delivered significant growth driven by new customers and increased business wins year on year. Gross margins remained in line with the prior year.
The Board reviews medium and long term plans at regular intervals, normally twice yearly, however more if the environment is volatile. Key to the businesses successful future is sales growth in its existing products and channels to market but also in growing its product offering. In recent years Home Decor began manufacturing and installing Hinged Wardrobes for a large Newbuild contract with these new products now also launched within a major Retail customer and in its own direct to consumer channel in addition to the offering of a home installation service. Home Decor has also now developed a free standing wardrobe range, with both a sliding and hinged door offering, to a stage where this is being proactively targeted at new distributors within this category who do not want to enter the fitted bedroom category.
The company’s financial instruments comprise cash and liquid resources, bank loans and various items, such as trade receivables and trade payables that arise directly from its operations. The company also uses foreign exchange forward contracts to mitigate its exposure to movements in foreign exchange rates. The main purpose of these financial instruments is to provide working capital for the company’s operations.
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Directors have considered the basis of preparation of the statutory financial statements in line with the requirements of the guidelines issued by the Financial Reporting Council (FRC) in February 2025. After a review of the business, the business plan and risks and sensitivities around the plan the directors have concluded that the business is a going concern, and the statutory financial statements should be prepared on a going concern basis.
The Directors have considered forecasts for the business until 31 July 2027 (“the going concern period”). These forecasts include key assumptions regarding future sales growth and anticipated cost increases. The expectation is that any increases in labour and other costs will be passed on through customer price increases, as has already been demonstrated previously. As part of the consideration of forecasts for the business until 31 July 2027 sensitivities have been applied, designed to model potential plausible downside scenarios where economic uncertainty causes a reduction in sales and global instability results in increased costs. For example, a potential plausible downside scenario has been considered, reducing overall volumes by 10% for the remainder of 2026 and the full year 2027 resulting in an overall reduction in sales revenue of 6% versus the 2026 forecast and 10% versus the 2027 forecast. In addition, margins have been reduced by 1% for the remainder of 2026 and the full year 2027 resulting in a reduction in overall margin of 0.6% versus the 2026 forecast and 1% versus the 2027 forecast. Throughout the going concern period, sufficient headroom levels are maintained under this potential plausible downside scenario, and the Directors believe the business will continue to operate throughout the going concern period. The budgets and forecasts assume that the invoice discounting arrangements in Home Decor GB Limited continue in place in the normal course of business, and the Directors consider there to be no significant level of uncertainty relating to the continued availability of such invoice discounting arrangements. The invoice discounting arrangement and other uncommitted credit facilities do not have a termination date but having passed the latest annual review date in February 2026, these facilities will be subject to a further annual review during the going concern period, which is scheduled in February 2027. The invoice discounting arrangement has a three month notice period by which either party and the other uncommitted credit facilities are repayable on demand as per the standard terms of such financing arrangements. The directors confirm that they expect that these financing arrangements will remain in place as required throughout the going concern period and beyond as they are long standing banking facilities. Having carefully considered the base case and plausible downside scenario, in conjunction with the current trading performance since the year-end date; and the group’s financing arrangements, the Directors have a reasonable expectation that the group has adequate resources to continue in operational existence throughout the going concern period. Therefore, the Directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The auditors, Shorts Chartered Accountants, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HOME DECOR GB LIMITED
We have audited the financial statements of Home Decor GB Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes, 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).
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 Auditors' 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 United Kingdom, including the Financial Reporting Council'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.
In auditing the financial statements, we have concluded that the directors' 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 financial statements are 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.
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HOME DECOR GB LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the 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 or the Directors' Report.
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HOME DECOR GB LIMITED (CONTINUED)
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 Auditors' 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
∙the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
∙through discussions with the directors and other management and from our commercial knowledge and experience of the clients business, we identified the laws and regulations applicable to the Company; and
∙focusing on the specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, we assessed the extent of compliance with those laws and regulations identified above through making enquiries of management and inspecting relevant correspondence.
We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
∙making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
∙considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulation.
To address the risk of fraud through management bias and override of controls, we:
∙performed analytical procedures to identify any unusual or unexpected relationships; reviewed journal entries to identify unusual transactions;
∙assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
∙investigated the rationale behind significant or unusual transactions
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
∙agreeing financial statement disclosures to underlying supporting documentation;
∙enquiring of management as to actual and potential litigation and claims;
∙considering relationships with HMRC and other relevant regulators; and
∙reviewing legal and professional costs to identify any indicators of litigation.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.
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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF HOME DECOR GB LIMITED (CONTINUED)
Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' 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 Auditors' 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.
for and on behalf of
Cedar House
63 Napier Street
S11 8HA
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STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
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BALANCE SHEET
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 16 to 31 form part of these financial statements.
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Home Decor GB Limited is a private company limited by shares, incorporated in England and Wales (registered number: 05268170). Its registered office is Innovation Way, Woodhouse Mill, Sheffield, S13 9AD. The principal activity of the Company throughout the year continued to be that of the manufacture and distribution of domestic furnishings.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of HD Holdings II Limited as at 31/12/2025 and these financial statements may be obtained from Companies House.
Overall at the reporting date the Company had net assets, however it has an overdrawn profit and loss account at the same date.
The directors have considered the basis of preparation of the statutory financial statements in line with the requirements of the guidelines issued by the Financial Reporting Council in February 2025. After a review of the business, the business plan, and risks and sensitivities around the plan, the directors have concluded that the business is a going concern and the statutory financial statements should be prepared on this basis.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity, and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Goodwill
Other intangible assets
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.
The estimated useful lives range as follows:
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.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Basic financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Stock provisions: The directors make estimates based on experience regarding the level of provisioning required against slow moving and obsolete stock items, in order to state inventories at the lower of cost and net realisable value. Recognition of deferred tax assets: The Company is subject to UK corporation tax and judgement is required in determining the provision for income and deferred taxation. The Company recognises tax related assets and liabilities based on estimates and assessment of likely outcomes of future events. Defered tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. At 31 December 2025 the Company has recognised a deferred tax asset consisting of the tax effect of timing differences in respect of the excess of taxation allowances over depreciation upon fixed assets of £223,023 (2024: £257,528); other timing differences of £6,000 (2024: £6,000); and losses of £NIL (2024: £18,821) on the basis that they will be suitably utilised in future periods.
Analysis of turnover by country of destination:
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 23
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
There are no factors that may affect future tax charges.
Page 24
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 25
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 26
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 27
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 28
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 29
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Capital contribution reserve
Profit and loss account
At the balance sheet date there were fixed and floating mortgage charges over the group's assets in favour of HSBC Plc.
The company has entered into a cross-guarantee with HD Holdings II Limited and Home Decor Holdings Limited, under which it is jointly and severally liable for group banking facilities.
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £298,742 (2024: £337,257). Contributions totalling £NIL (2024: £NIL) were payable to the fund at the reporting date and are included in creditors.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The company is a wholly owned subsidiary of HD Holdings II Limited, which is incorporated in England and Wales.
HD Holdings II Limited is the parent undertaking of the smallest group of undertakings for which consolidated financial statements are prepared and of which the company is a member. Those consolidated financial statements are publicly available from Companies House. The company's ultimate controlling party is Home Decor Holdings Limited, which holds 100% of the issued share capital in HD Holdings II Limited.
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