Baileys DIY Limited

	Page
Company Information	1
Strategic Report	2
Directors' Report	3—4
Independent Auditor's Report	5—8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Notes to the Financial Statements	12—19

Page 1

Page 2

Baileys DIY Limited

Strategic Report

For The Year Ended 28 February 2026

Strategic Report

The directors present their strategic report for the year ended 28 February 2026.

Review of the Business

The Directors are pleased to present the results for the year ended 28 February 2026 and feel that they fairly reflect the position of the company in its' current form.

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

FinancialKPIs	Unit	2026	2025
Turnover	£	9,736,051	8,648,695
Gross profit	£	2,668,681	2,514,437
Gross margin	%	27	29
EBITDA	£	560,153	794,150
Net current assets / (liabilities) excluding bank debt	£	677,095	628,595

Principal Risks and Uncertainties

The Directors consider the principal risks to the business to be:

The continued challenges facing the retail sector in relation to restricted footfall driven by cost of living pressures and wider economic uncertainty; and
The company's exposure to interest volatility on the commercial loan due to the wider global economic situation.

On behalf of the board

Mrs K L George

Director

12 June 2026

Page 2

Page 3

Baileys DIY Limited

Company No. 08229230

Directors' Report For The Year Ended 28 February 2026

Directors' Report

The directors present their report and the financial statements for the year ended 28 February 2026.

Principal Activity

The company's principal activity continues to be that of retail sale of hardware, paints and glass in specialised stores.

Directors

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

Mrs K L George

Mr M Bailey

Mr I Bailey

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' 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, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', 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 the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
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.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Page 3

Page 4

Baileys DIY Limited

Directors' Report (continued)

For The Year Ended 28 February 2026

Independent Auditors

The auditors, HSJ Audit Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mrs K L George

Director

12 June 2026

Page 4

Page 5

Independent Auditor's Report

to the Members of

Baileys DIY Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Baileys DIY Limited for the year ended 28 February 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes of 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 (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 28 February 2026 and of its profit/(loss) 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's 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 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 entity's ability to continue as a going concern for a period of at least 12 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.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's 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. 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 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.

Opinions on Other Matters 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.

Page 5

Page 6

Independent Auditor's Report (continued)

to the Members of

Baileys DIY Limited

Matters on Which We Are Required to Report by Exception

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.

We have nothing to report in respect of the following matters in relation to which 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 or 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 Directors' Responsibilities Statement set out on page 3—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.

Page 6

Page 7

Independent Auditor's Report (continued)

to the Members of

Baileys DIY Limited

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:

As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to the group and the sector in which it operates to identify the key laws and regulations affecting the group. As part of this assessment process we discussed with the key laws and regulations with management. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements, primarily the Companies Act 2006.

We discussed with management how compliance with these laws and regulations is monitored and discussed the policies and procedures in place. We also identified the individuals who have responsibility for ensuring that the group complies with laws and regulations and deals with reporting any issues if they arise. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the entity's ability to continue trading and the risk of material misstatement to the accounts.

Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations.

Our procedures involved the following:

Enquiries of management and those charged with governance regarding their knowledge of any non-compliance with laws and regulations that could affect the financial statements;

Review of legal and professional costs to identify any possible non-compliance or legal costs in respect of non- compliance.

As part of our enquiries we discussed with management whether there have been any known instances, allegations or suspicions of fraud, and established that there were none. We also evaluated the risk of fraud through management override including that arising from management's incentives.

We determined that the principal risks were related to the overstatement of profit through overstating revenue or understating expenditure, or through bias in accounting estimates.

In response to the identified risk, as part of our audit work we:

Performed substantive testing on income and expenditure;

Used data analytics to test journal entries throughout the year for appropriateness; and

Reviewed estimates and judgments made in the preparation of the financial statements for any indication of bias and challenged the assumptions used by management in making those estimates.

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. This risk increases the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements as we are less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement due to fraud is higher than not detecting one resulting from error as fraud may involve deliberate concealment, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Page 7

Page 8

Independent Auditor's Report (continued)

to the Members of

Baileys DIY Limited

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 that 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.

Mr Andrew Hill FCCA ACA DChA BFP (Senior Statutory Auditor)

for and on behalf of HSJ Audit Limited , Statutory Auditor

15 June 2026

HSJ Audit Limited

Severn House

Hazell Drive

Newport

NP10 8FY

Page 8

Page 9

Baileys DIY Limited

Statement of Comprehensive Income

For The Year Ended 28 February 2026

Statement of Comprehensive Income

		2026	2025
	Notes	£	£
TURNOVER	3	9,736,051	8,648,695
Cost of sales		(7,067,663 )	(6,134,258 )

GROSS PROFIT		2,668,388	2,514,437

Administrative expenses		(2,303,287 )	(1,983,494 )

OPERATING PROFIT	4	365,101	530,943
Profit on disposal of fixed assets		-	26,703
Other interest receivable and similar income	9	2,447	1,834
Interest payable and similar charges	10	(97,466 )	(189,962 )

PROFIT BEFORE TAXATION		270,082	369,518
Tax on Profit	11	(70,870 )	(111,571 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		199,212	257,947
OTHER COMPREHENSIVE INCOME FOR THE YEAR		-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR		199,212	257,947

The notes on pages 12 to 19 form part of these financial statements.

Page 9

Page 10

Baileys DIY Limited

Balance Sheet

As At 28 February 2026

Balance Sheet

Registered number: 08229230

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		5,527,320		5,657,057

			5,527,320		5,657,057
CURRENT ASSETS
Stocks	13	2,110,678		2,098,871
Debtors	14	293,639		365,106
Cash at bank and in hand		426,188		284,363

		2,830,505		2,748,340
Creditors: Amounts Falling Due Within One Year	15	(2,149,853 )		(2,119,745 )

NET CURRENT ASSETS (LIABILITIES)			680,652		628,595

TOTAL ASSETS LESS CURRENT LIABILITIES			6,207,972		6,285,652

Creditors: Amounts Falling Due After More Than One Year	16		(1,518,032 )		(1,703,539 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	19		(15,786 )		(45,032 )

NET ASSETS			4,674,154		4,537,081

CAPITAL AND RESERVES
Called up share capital	21		1,000		1,000
Profit and Loss Account			4,673,154		4,536,081

SHAREHOLDERS' FUNDS			4,674,154		4,537,081

On behalf of the board

Mrs K L George

Director

29 May 2026

The notes on pages 12 to 19 form part of these financial statements.

Page 10

Page 11

Baileys DIY Limited

Statement of Changes in Equity

For The Year Ended 28 February 2026

Statement of Changes in Equity

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 March 2024	1,000	4,548,994	4,549,994
Profit for the year and total comprehensive income	-	257,947	257,947

Dividends paid	-	(270,860)	(270,860)

As at 28 February 2025 and 1 March 2025	1,000	4,536,081	4,537,081


Profit for the year and total comprehensive income	-	199,212	199,212

Dividends paid	-	(62,139)	(62,139)

As at 28 February 2026	1,000	4,673,154	4,674,154

Page 11

Page 12

Baileys DIY Limited

Notes to the Financial Statements

For The Year Ended 28 February 2026

Notes to the Financial Statements

1. General Information

Baileys DIY Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08229230 . The registered office is Baileys DIY, Brecon Road, Abergavenny, NP7 7RB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d).

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	1.33% straight line
Plant & Machinery	10% straight line
Motor Vehicles	25% straight line
Fixtures & Fittings	10% straight line
Computer Equipment	10 % straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Page 12

Page 13

Baileys DIY Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Turnover

Analysis of turnover by class of business is as follows:

	2026	2025
	£	£
Retail sale of goods	9,736,051	8,648,695

Page 13

Page 14

Baileys DIY Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

4. Operating Profit

The operating profit is stated after charging:

	2026	2025
	£	£
Bad debts	(2,475)	31,772
Depreciation of tangible fixed assets	195,053	203,207

5. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2026	2025
	£	£
Audit Services
Audit of the company's financial statements	2,671	2,279


Other Services
Other non-audit services	4,863	22,991

6. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2026	2025
	£	£
Wages and salaries	1,232,735	1,156,093
Social security costs	120,746	86,813
Other pension costs	22,774	21,476

	1,376,255	1,264,382

7. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2026	2025
Sales, marketing and distribution	62	63

	62	63

8. Directors' remuneration

	2026	2025
	£	£
Emoluments	108,583	101,585
Company contributions to money purchase pension schemes	1,833	3,102

	110,416	104,687

The number of directors to whom retirement benefits were accruing was as follows:

	2026		2025
Money purchase pension schemes	2		2

Page 14

Page 15

Baileys DIY Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

9. Interest Receivable and Similar Income

	2026	2025
	£	£
Bank interest receivable	2,447	1,834

10. Interest Payable and Similar Charges

	2026	2025
	£	£
Bank loans and overdrafts	80,620	170,725
Finance charges payable under finance leases and hire purchase contracts	10,861	10,131
Other finance charges	5,985	9,106

	97,466	189,962

11. Tax on Profit

The tax charge on the profit for the year was as follows:

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	100,116	111,539
Deferred Tax
Origination and reversal of timing differences			(29,246 )	32


Total tax charge for the period			70,870	111,571

The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:

	2026	2025
	£	£
Profit before tax	270,082	369,518

Tax on profit at 25% (UK standard rate)	67,520	92,380
Expenses not deductible for tax purposes	-	1,256
Capital allowances	36,211	17,903
Short term timing differences	(32,861 )	32

Total tax charge for the period	70,870	111,571

Page 15

Page 16

Baileys DIY Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

12. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 March 2025	5,761,077	16,791	337,778	384,949
Additions	34,370	499	14,335	17,915
Disposals	-	-	-	(1,800 )

As at 28 February 2026	5,795,447	17,290	352,113	401,064

Depreciation
As at 1 March 2025	582,465	(17,976 )	119,278	212,367
Provided during the period	77,229	5,536	58,209	54,105
Disposals	-	-	-	(23 )

As at 28 February 2026	659,694	(12,440 )	177,487	266,449

Net Book Value
As at 28 February 2026	5,135,753	29,730	174,626	134,615

As at 1 March 2025	5,178,612	34,767	218,500	172,582


	Computer Equipment	Total
	£	£
Cost
As at 1 March 2025	149,532	6,650,127
Additions	-	67,119
Disposals	-	(1,800 )

As at 28 February 2026	149,532	6,715,446

Depreciation
As at 1 March 2025	96,936	993,070
Provided during the period	-	195,079
Disposals	-	(23 )

As at 28 February 2026	96,936	1,188,126

Net Book Value
As at 28 February 2026	52,596	5,527,320

As at 1 March 2025	52,596	5,657,057

13. Stocks

	2026	2025
	£	£
Stock	2,110,678	2,098,871

Page 16

Page 17

Baileys DIY Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

14. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	4,725	11,789
Amounts owed by group undertakings	267,423	315,523
Other debtors	21,491	37,794

	293,639	365,106

15. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	25,018	25,018
Trade creditors	921,310	645,838
Bank loans and overdrafts	168,529	187,763
Other loans	91,148	102,048
Amounts owed to group undertakings	667,837	861,798
Other creditors	64,809	73,471
Corporation tax	99,826	111,539
Taxation and social security	86,667	73,034
Accruals and deferred income	24,709	39,236

	2,149,853	2,119,745

16. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	112,221	137,287
Bank loans	1,405,811	1,566,252

	1,518,032	1,703,539

Of the creditors the following amounts are secured.

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	142,832	162,305
Bank loans and overdrafts	1,574,340	1,754,015

Page 17

Page 18

Baileys DIY Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

17. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	168,529	187,763
Other loans	91,148	102,048

	259,677	289,811

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	1,405,811	1,566,252

The Barclays Term Loan is denominated in £ sterling with a nominal interest rate of 7%. The final installment on this loan is due on 30 September 2027.

This loan is secured by way of:

Fixed and floating charge over the undertaking and all property and assets;
First legal charge over freehold property and land to the South of Brecon Road; and
First legal charge over land and buildings at Overross Industrial estate.

The addional related party loan is denominated in £ sterling with a nominal interest rate of 4%. The final installment on this loan is due on 28 February 2036.

There is no security pledged against this loan.

18. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	25,018	25,018
Later than one year and not later than five years	112,221	137,287

	137,239	162,305

	137,239	162,305

19. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	15,786	45,032

Page 18

Page 19

Baileys DIY Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

20. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 March 2025	45,032	45,032
Utilised	(29,246 )	(29,246)

Balance at 28 February 2026	15,786	15,786

21. Share Capital

	2026	2025
Allotted, called up but not fully paid	£	£
1,000 Ordinary Shares of £ 1.00 each	1,000	1,000

22. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £22,774 (2025: £21,476).

At the balance sheet date contributions of £0 (2025: £4,606) were due to the fund and are included in creditors.

23. Dividends

	2026	2025
	£	£
On equity shares:
Interim dividend paid	62,139	270,860

24. Related Party Disclosures

The company has taken advantage of exemption, under 33.1A of the Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose transactions with wholly owned subsidiaries within the group.

25. Controlling Parties

The company's immediate parent undertaking is NR & CA Bailey Limited .

The ultimate parent undertaking is (incorporated in England & Wales). Its registered office is Baileys DIY, Brecon Road, Abergavenny, Wales, NP7 7RB .

Copies of the group accounts may be obtained from the company's registered office.

Page 19