REGISTERED NUMBER: 01644827 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Derby Bearings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D P Horne

REGISTERED OFFICE:

20 Siddals Road

Derby

Derbyshire

DE1 2PZ

REGISTERED NUMBER:

01644827 (England and Wales)

ACCOUNTANTS:

Mabe Allen LLP

Chartered Accountants

50 Osmaston Road

Derby

DE1 2HU

BANKERS:

National Westminster Bank

58 St. Peter's Street

Derby

Derbyshire

DE11XL

FIXED ASSETS

Tangible assets

4

286,586

287,131

CURRENT ASSETS

Stocks

5

71,960

65,421

Debtors

6

411,371

349,878

Cash at bank

8,853

30,610

492,184

445,909

CREDITORS

Amounts falling due within one year

7

515,768

467,781

NET CURRENT LIABILITIES

(23,584

)

(21,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

263,002

265,259

CREDITORS

Amounts falling due after more than one year

8

(51,026

)

(78,753

)

PROVISIONS FOR LIABILITIES

-

(2,714

)

NET ASSETS

211,976

183,792

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Revaluation reserve

10

136,278

139,563

Retained earnings

10

73,698

42,229

SHAREHOLDERS' FUNDS

211,976

183,792

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

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

The director acknowledges his 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 director and authorised for issue on 8 July 2026 and were signed by:

D P Horne - Director

1.	STATUTORY INFORMATION

Derby Bearings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities , income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an on-going basis. Revisions of accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected. The areas of significant estimates and judgements are as follows:

Stocks(Note 5)

The determination of the cost of stock is a significant area of estimation.

The key area of estimation is:

- The determination of the net realisable value of stock.

- The level of provision for slow and obsolete stock.

Revaluation of Long Leasehold Property(Note 4)

The company carries its long leasehold property at fair value with changes in fair value being recognised on comprehensive income. The professional valuer used a valuation technique which took account of the age of the property, it's square footage and the marketability of the property. The determined fair value of the property is most sensitive to the estimated yield as well as changes in perception of the market.

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

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes the original price of the asset and the cost attributable to bringing the asset into its working condition. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Long leasehold

Over period of lease

Plant and machinery

10% on reducing balance

Fixtures and fittings

10% on reducing balance

Motor Vehicles

25% on reducing balance

Computer equipment

33% on reducing balance

Stocks

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

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.

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.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that the outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST OR VALUATION

At 1 November 2024

175,000

7,840

29,748

Additions

-

1,525

-

Disposals

-

-

-

At 31 October 2025

175,000

9,365

29,748

DEPRECIATION

At 1 November 2024

-

7,401

28,047

Charge for year

3,804

197

172

Eliminated on disposal

-

-

-

At 31 October 2025

3,804

7,598

28,219

NET BOOK VALUE

At 31 October 2025

171,196

1,767

1,529

At 31 October 2024

175,000

439

1,701

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 November 2024

268,192

32,274

513,054

Additions

66,950

-

68,475

Disposals

(63,500

)

-

(63,500

)

At 31 October 2025

271,642

32,274

518,029

DEPRECIATION

At 1 November 2024

160,939

29,536

225,923

Charge for year

33,069

903

38,145

Eliminated on disposal

(32,625

)

-

(32,625

)

At 31 October 2025

161,383

30,439

231,443

NET BOOK VALUE

At 31 October 2025

110,259

1,835

286,586

At 31 October 2024

107,253

2,738

287,131

Cost or valuation at 31 October 2025 is represented by:

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

Valuation in 1990

27,603

-

-

Valuation in 2006

25,000

-

-

Valuation in 2012

5,000

-

-

Valuation in 2024

60,000

-

-

Cost

57,397

9,365

29,748

175,000

9,365

29,748

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 1990

-

-

27,603

Valuation in 2006

-

-

25,000

Valuation in 2012

-

-

5,000

Valuation in 2024

-

-

60,000

Cost

271,642

32,274

400,426

271,642

32,274

518,029

If leasehold buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

57,397

57,397

Aggregate depreciation

21,456

20,937

Leasehold buildings were valued on an open market basis on 16 December 2024 by David Brown Commercial .

The net book value of tangible fixed assets includes £101,743 (2024: £88,197) in respect of assets held under hire purchase contracts

5.

STOCKS

2025

2024

£

£

Stocks

71,960

65,421

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

341,162

280,079

Amounts owed by group undertakings

66,645

64,786

Directors' current accounts

1,655

3,041

Prepayments

1,909

1,972

411,371

349,878

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,131

17,408

Hire purchase contracts

26,828

20,647

Trade creditors

164,905

163,077

Corporation tax

230,015

196,547

Social security and other taxes

35,283

30,061

Other creditors

44,786

31,529

Accruals

7,820

8,512

515,768

467,781

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

8,887

Hire purchase contracts

51,026

69,866

51,026

78,753

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

6,131

26,295

10.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 November 2024

42,229

139,563

181,792

Profit for the year

89,184

89,184

Dividends

(61,000

)

(61,000

)

Revaluation reserve movement

3,285

-

3,285

Excess depreciation

on revalued assets

-

(3,285

)

(3,285

)

At 31 October 2025

73,698

136,278

209,976

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

D P Horne

Balance outstanding at start of year

3,041

(686

)

Amounts advanced

1,655

3,727

Amounts repaid

(3,041

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,655

3,041

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Derby Bearings Holdings Limited.

The ultimate controlling party is D P Horne.