UK RADIATORS LTD - Filleted accounts

Registered number

08127674

UK RADIATORS LTD

Filleted Accounts

31 July 2025

UK RADIATORS LTD
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Profit and loss account	3
Balance sheet	4
Statement of changes in equity	5
Notes to the accounts	6

UK RADIATORS LTD

Company Information

Director

Robert Amir Jamshid Nezard

Daniel Nezhad

Secretary

Catherine Margaret Nezhad

Registered office

Unit C Caxton Court, Newcomen Way

Severalls Industrial Park

Colchester

England

CO4 9TG

Registered number

08127674

UK RADIATORS LTD
Registered number:		08127674
Directors' Report

The directors present their report and accounts for the year ended 31 July 2025.

Principal activities
The company's principal activity during the year was that of the wholesale of hardware, plumbing and heating equipment.

Directors
The following persons served as directors during the year:

	Robert Amir Jamshid Nezard
	Daniel Nezhad

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 28 July 2026 and signed by its order.





Robert Amir Jamshid Nezard
Director

UK RADIATORS LTD
Profit and Loss Account
for the year ended 31 July 2025


	2025		2024
£		£

Turnover	7,926,676		6,985,006

Cost of sales	(3,953,102)		(3,666,667)

Gross profit	3,973,574		3,318,339

Administrative expenses	(3,945,367)		(3,354,694)
Other operating income	1,539		1,322

Operating profit/(loss)	29,746		(35,033)

Interest payable and similar expenses	(118,891)		(182,483)

Loss on ordinary activities before taxation	(89,145)		(217,516)

Tax on loss on ordinary activities	22,286		7,237

Loss for the financial year	(66,859)		(210,279)

UK RADIATORS LTD
Registered number:		08127674
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	5		1,190,530			948,679
Tangible assets	6		398,965			411,876
Investments	7		100			100
			1,589,595			1,360,655

Current assets
Stocks		1,810,695			1,520,829
Debtors	8	598,750			357,575
Cash at bank and in hand		162,138			155,459
		2,571,583			2,033,863

Creditors: amounts falling due within one year	10	(2,784,449)			(1,712,107)

Net current (liabilities)/assets			(212,866)			321,756

Total assets less current liabilities			1,376,729			1,682,411

Creditors: amounts falling due after more than one year	11		(872,730)			(1,089,267)

Provisions for liabilities			(122,225)			(144,511)


Net assets			381,774			448,633

Capital and reserves
Called up share capital			100			100
Profit and loss account			381,674			448,533

Shareholders' funds			381,774			448,633

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Robert Amir Jamshid Nezard
Director
Approved by the board on 28 July 2026

UK RADIATORS LTD
Notes to the Accounts
for the year ended 31 July 2025


1		General information

		UK Radiators Ltd (formerly Distinctive Wholesale Limited) is a Company limited by shares incorporated in England & Wales within the United Kingdom. The address of the Registered Office is given in the company information of these financial statements.


2		Accounting policies

	2.1	Basis of preparation
		The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

		The following principal accounting policies have been applied:

	2.2	Revenue
		Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

		Sale of goods

		Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

		• the Company has transferred the significant risks and rewards of ownership to the buyer;

		• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

		• the amount of revenue can be measured reliably;

		• it is probable that the Company will receive the consideration due under the transaction; and

		• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

	2.3	Intangible fixed assets
		Intangible fixed assets are stated at cost less accumulated amortisation and any accumulated impairment losses.

		Amortisation is provided on a straight-line basis over the estimated useful lives of the assets, as follows:

		All intangible fixed assets	30 Years

	2.4	Tangible fixed assets
		Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

		Depreciation is provided on a straight-line basis over the estimated useful lives of the assets, as follows:

		Computer equipment	20 Years
		All other tangible fixed assets	30 Years

		The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively where appropriate.

		Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

	2.5	Pensions
		The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

		The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

	2.6	Current and deferred taxation
		The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

		The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

		Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet, except that:

		• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

		• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

		Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

	2.7	Investments

		Investments in subsidiaries are measured at cost less accumulated impairment.

		The Group is small and as such is exempt from preparing consolidated accounts.

	2.8	Stocks
		Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

		At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of Income and Retained Earnings.

	2.9	Debtors
		Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.




	2.10	Cash and cash equivalents

		Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

	2.11	Creditors
		Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

	2.12	Operating leases: the Company as lessee
		Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
		.
	2.13	Foreign currency translation

		Functional and presentation currency

		The Company's functional and presentational currency is Pounds Sterling.

		Transactions and balances

		Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings except when deferred in other income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within 'administrative expenses'.

	2.14	Provisions for liabilities
		Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to the Statement of Income and Retained Earnings.

	2.15	Finance costs

		Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

	2.16	Borrowing costs

		All borrowing costs are recognised in the Statement of Income and Retained Earnings in the year in which they are incurred.

	2.17	Dividends

		Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3		Change in accounting estimate

		With effect from 1 August 2024, the estimated useful lives of the company’s fixed assets were revised. Computer equipment is depreciated over 20 years, all other tangible fixed assets are depreciated over 30 years, and all intangible fixed assets are amortised over 30 years.

		The revision has been treated as a change in accounting estimate and applied prospectively from 1 August 2024. The 2024 comparative figures have not been restated.

4		Employees

		The average monthly number of employees, including directors, during the year was 22 (2024: 22).

		Average number of persons employed by the company		22		22


5		Intangible fixed assets
£
		Cost
		At 1 August 2024				1,269,561
		Additions				279,309
		At 31 July 2025				1,548,870

		Amortisation
		At 1 August 2024				320,882
		Provided during the year				37,458
		At 31 July 2025				358,340

		Net book value
		At 31 July 2025				1,190,530
		At 31 July 2024				948,679


6		Tangible fixed assets				Tangible fixed assets
£

		Cost or valuation
		At 1 August 2024				612,251
		Additions				5,387
		Disposals				(23,519)
		At 31 July 2025				594,119

		Depreciation
		At 1 August 2024				200,375
		Charge for the year				18,300
		On disposals				(23,521)
		At 31 July 2025				195,154

		Net book value
		At 31 July 2025				398,965
		At 31 July 2024				411,876

		.
7		Fixed asset investments
Investments in
subsidiary
undertakings
£
		Cost or valuation
		At 1 August 2024				100

		At 31 July 2025				100

		Subsidiary undertaking

		The following is a subsidiary undertaking of the Company:

		Name	Registered office	Class of shares		Holding

		Essential E-Commerce Limited	Unit C Caxton Court,	Ordinary		100%
			Newcomen Way, Severalls
			Industrial Park, Colchester,
			England, CO4 9TG

8		Debtors		2025		2024
£					£

		Trade debtors		104,493		15,324
		Amounts owed by group undertakings		126,908		113,936
		Other debtors		182,615		84,246
		Prepayments and accrued income		184,734		144,069
				598,750		357,575

9		Cash and cash equivalents

				2025		2024
£					£

		Cash at bank and in hand		162,138		155,459
		Less: bank overdrafts		(46,980)		(181)
				115,158		155,278


10		Creditors: amounts falling due within one year		2025		2024
£					£

		Bank overdrafts		46,980		181
		Bank loans		181,728		190,966
		Other loans		-		7,126
		Trade creditors		1,827,643		1,122,526
		Other taxation and social security		679,207		221,325
		Obligations under finance lease and hire purchase contracts		31,210		25,767
		Other creditors		2,478		129,514
		Accruals and deferred income		15,203		14,702
				2,784,449		1,712,107

		Obligations under finance lease and hire purchase contracts are secured over the assets to which they relate.


11		Creditors: amounts falling due after one year		2025		2024
£					£

		Bank loans		857,440		1,040,773
		Other loans		-		9,503
		Net obligations under finance leases and hire purchase contracts		15,290		38,991
				872,730		1,089,267

12		Loans

		Analysis of the maturity of loans is given below:
				2025		2024
£					£

		Amounts falling due within one year
		Bank loans		181,728		190,966
		Other loans		-		7,126
				181,728		198,092

		Amounts falling due 1-2 years
		Bank loans		195,476		369,380
		Other loans		-		8,067
				195,476		377,447

		Amounts falling due 2-5 years
		Bank loans		661,964		671,393
		Other loans				1,436
				661,964		672,829

				1,039,168		1,248,368

		Allica loan is secured by a fixed and floating charge over the company’s assets and undertaking.

13		Hire purchase and finance leases

		Minimum lease payments under hire purchase fall due as follows:
				2025		2024
£					£

		Within one year		31,210		25,767
		Between 1-5 years		15,290		38,991
				46,500		64,758

		The balance sheet figure represents the net amount of outstanding hire-purchase obligations, excluding unearned finance charges. These obligations are secured over the underlying assets financed under the respective hire-purchase agreements.


14		Deferred taxation
				2025		2024
£					£

		At beginning of year		(144,511)		(125,132)
		Charged to profit or loss		22,286		(19,379)
		At end of year		(122,225)		(144,511)

		The provision for deferred taxation is made up as follows:
				2025		2024
£					£

		Accelerated capital allowances		172,126		178,189
		Tax losses carried forward		(49,306)		(33,322)
		Pension timing differences		(595)		(356)
		Deferred tax liability		122,225		144,511

15		Share capital
				2025		2024
£					£
		Allotted, called up and fully paid
		60 (2023-60) A shares of £1 each		60		60
		40 (2023-40) B shares of £1 each		40		40
				100		100

16		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.

		The pension cost charged for the year was £13,338 (2024: £12,477). Contributions totalling £2,378 (2024: £2,646) were payable to the fund at the balance-sheet date and are included in creditors.

17		Related party transactions

		During the year, the company entered into transactions with Essential Ecommerce Ltd, a related party. At the year end, £126,908 was owed to the company (2024: £113,936 owed to the company). The balance is interest-free and repayable on demand.