D O F A S Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02861126 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

D O F A S Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

J Pennington

Mrs C M Pennington

REGISTERED OFFICE:

Higher Lane

Off Brookfield Drive

Aintree

Liverpool

L9 7BS

REGISTERED NUMBER:

02861126 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

838,889

875,460

Investment property

5

391,563

1,230,452

1,267,023

CURRENT ASSETS

Stocks

-

5,314

Debtors

6

152,592

136,201

Cash at bank

509,680

380,549

662,272

522,064

CREDITORS

Amounts falling due within one year

7

218,010

146,231

NET CURRENT ASSETS

444,262

375,833

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,674,714

1,642,856

CREDITORS

Amounts falling due after more than one
year

8

-

(89,900

)

PROVISIONS FOR LIABILITIES

(16,869

)

(24,908

)

NET ASSETS

1,657,845

1,528,048

CAPITAL AND RESERVES

Called up share capital

9

101

Fair value reserve

10

30,061

Retained earnings

10

1,627,683

1,497,886

SHAREHOLDERS' FUNDS

1,657,845

1,528,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 19 June 2026 and were signed on its behalf by:

J Pennington - Director

1.	STATUTORY INFORMATION

D O F A S 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Flat fixt and fittings

-

20% on cost

Fixtures and equipment

-

20% on cost

Motor vehicles

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Flat fixt

Fixtures

Freehold

and

Motor

property

fittings

equipment

vehicles

Totals

£

COST

At 1 May 2025

882,648

3,852

92,405

98,845

1,077,750

Additions

-

16,200

Disposals

-

(32,645

)

(32,645

)

At 30 April 2026

882,648

3,852

92,405

82,400

1,061,305

DEPRECIATION

At 1 May 2025

59,239

2,836

90,338

49,877

202,290

Charge for year

17,653

113

635

9,886

28,287

Eliminated on disposal

-

(8,161

)

(8,161

)

At 30 April 2026

76,892

2,949

90,973

51,602

222,416

NET BOOK VALUE

At 30 April 2026

805,756

903

1,432

30,798

838,889

At 30 April 2025

823,409

1,016

2,067

48,968

875,460

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2025

and 30 April 2026

391,563

NET BOOK VALUE

At 30 April 2026

391,563

At 30 April 2025

391,563

Fair value at 30 April 2026 is represented by:

£

Valuation in 2018

40,081

Cost

351,482

391,563

6.

DEBTORS

30.4.26

30.4.25

£

Amounts falling due within one year:

Trade debtors

107,298

131,420

Other debtors

6,294

4,781

113,592

136,201

Amounts falling due after more than one year:

Amounts owed by associates

39,000

-

Aggregate amounts

152,592

136,201

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

30.4.25

£

Trade creditors

57,789

45,741

Taxation and social security

98,986

74,883

Other creditors

61,235

25,607

218,010

146,231

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

30.4.25

£

Amounts owed to associates

-

89,900

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.26

30.4.25

value:

£

100

Ordinary Shares

£1

100

1

Ordinary B Shares

£1

1

101

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 May 2025

1,497,886

30,061

1,527,947

Profit for the year

189,797

Dividends

(60,000

)

(60,000

)

At 30 April 2026

1,627,683

30,061

1,657,744

The fair value reserve is a non distributable reserve.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors at the year end is an amount of £35,458 owing to the joint Directors loan account.

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2025 - £32,000) were paid to the directors .

As at 30th April 2026 the company is owed £39,000 in respect of an interest free loan to Bespoke Office Furniture Ltd.

The company is an associated company, the transaction is considered to be under normal market conditions.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is J Pennington.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D O F A S Limited for the year ended 30 April 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D O F A S Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D O F A S Limited and state those matters that we have agreed to state to the Board of Directors of D O F A S Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D O F A S Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D O F A S Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D O F A S Limited. You consider that D O F A S Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D O F A S Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

Date: .............................................