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Registered number:
FOR THE YEAR ENDED 31 OCTOBER 2025
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DAYBREAK GROUP HOLDINGS LIMITED
COMPANY INFORMATION
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DAYBREAK GROUP HOLDINGS LIMITED
CONTENTS
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DAYBREAK GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
The director presents the Group strategic report and the financial statements for the year ended 31 October 2025.
The last 12 months' trading has been steady as the business has navigated a very competitive market made more difficult by deflation in some areas. Turnover for the year was £37,122,982 (2024 - £41,963,635) and profit before tax was £1,843,268 (2024 - £2,230,067).
Principal risks and uncertainties The management of the business and the execution of our strategy are subject to a number of risks. The following section comprises a summary of the main risks which we believe could potentially impact upon our operating and financial performance. Macroeconomic environment: Profitability of trading suffers through the economic cycle as consumer demand softens. Our investments in consumer marketing reduce the economic impact on our business. Euro denominated commodities are subject to exchange rate fluctuations. We constantly monitor exchange rates and maintain an appropriate level of forward cover to reduce exposure to fluctuations. Economic and market risks: The economic environment, and supplier and competitor pricing can affect the performance of the business in terms of both sales and costs. In order to mitigate losses arising from exchange rate fluctuations our Euro based purchases are hedged and, through development of our product ranges and quality, the group works to ensure that we deliver value for all our customers. The group hedges its exposure to currency fluctuations by forward buying currency and this is done in a systematic way. The director does not consider the exposure to market risk to be material as the hedge mechanism is designed so that there is no risk variable; that its gains are offset by losses such that there would be no effect on profitability. Regulatory Risk: The group's operations are subject to a broad spectrum of regulatory requirements particularly in relation to food hygiene and environmental issues, employment, pensions and tax. The director monitors regulatory development, regular reviews and audits are carried out to ensure compliance and training needs are regularly reviewed and addressed as required. IT systems and infrastructure: The group is reliant on its IT infrastructure in order to trade. A failure in these systems could have a significant impact on our business. The group has controls in place to maintain the integrity and efficiency of its systems which are regularly updated and tested. Foreign currency risk: The group has no operations outside the UK but it buys most goods denominated in Euros. As a result the value of the group's assets and liabilities can be affected by movements between Sterling and the Euro. At the year end the exchange rate for the Euro was at 1.14 (2024 - 1.19).
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DAYBREAK GROUP HOLDINGS LIMITED
GROUP STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
Credit risk:
The risk of financial loss due to third parties failing to honour their obligations arises principally where the group sells goods to customers. The group has implemented policies to minimise such losses, and they require that terms are only granted to customers who meet the internal requirements for having suitable payment history and adequate creditworthiness.
The year end position is reflected in the group's balance sheet, and represents a tough but successful year of trading.
In recent years the sales team was expanded in order to strengthen further the group's core business base. Existing invoice finance facilities were not fully utilised at the year end, and remain available to fund any expansion of business activities in the current year. In a time of economic uncertainty the director is confident that the group is well placed to maintain or improve its position in the market place. The director is aware of market conditions which affect shipping costs and buying prices, however, the director is hopeful that the current contracts will be similar in the next statutory accounts. The director does not anticipate any material changes to the structure and supply chain of the business for the foreseeable future. There are no known impending developments or negotiations which in the opinion of the director would be seriously prejudicial to the interests of the group. The strategy for longer term development is to maintain the core values of the group and objectives set out in the business objectives above.
The director will continue to monitor the market for opportunities to further develop the product range that the group can offer to its customers.
This report was approved by the board on 3 March 2026 and signed on its behalf.
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DAYBREAK GROUP HOLDINGS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
The director presents his report and the financial statements for the year ended 31 October 2025.
The director is responsible for preparing the Group strategic report, the Director's report and the consolidated financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Group's financial statements and then apply them consistently;
∙make judgments 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 Group will continue in business.
The director is 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 the Group and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £1,364,348 (2024 - £1,493,937).
The dividends declared by the company for the year totalled £100,000 (2024 - £Nil).
The directors who served during the year was:
J Dowthwaite (resigned 12 August 2025)
Matters covered in the Group strategic report The company has chosen, in accordance with the section 414C of the Company's Act 2006, to set out the following information which would otherwise be required to be continued in the Director's report within the Group strategic report: Likely financial risk management objectives and policies and future developments in the business of the group.
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DAYBREAK GROUP HOLDINGS LIMITED
DIRECTOR'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
There have been no significant events affecting the Group since the year end.
During the year Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006.
This report was approved by the board on
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DAYBREAK GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DAYBREAK GROUP HOLDINGS LIMITED
We have audited the financial statements of Daybreak Group Holdings Limited (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 October 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated analysis of net debt, the Consolidated Statement of Financial Position, the Company Statement of Financial Position, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company 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).
In auditing the financial statements, we have concluded that the director's 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 Group's or the Parent 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 director with respect to going concern are described in the relevant sections of this report.
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DAYBREAK GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DAYBREAK GROUP HOLDINGS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is 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 Group strategic report and the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Group strategic report and the Director's report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group strategic report or the Director's report.
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DAYBREAK GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DAYBREAK GROUP HOLDINGS LIMITED (CONTINUED)
Auditors' 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 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 law and regulations, was as follows: i) Companies Act 2006 ii) FRS 102 iii) Tax legislation iv) Employment legislation v) Agents and Brokers Global Standards vi) Food Standards Act 1999 vii) Health & safety
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DAYBREAK GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DAYBREAK GROUP HOLDINGS LIMITED (CONTINUED)
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 consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud
∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;
∙Reviewing the financial statements and testing the disclosures against supporting documentation;
∙Performing analytical procedures to identify any unusual or unexpected trends or anomalies;
∙Inspecting and testing journal entries to identify unusual or unexpected transactions;
∙Assessing whether judgement and assumptions made in determining significant accounting estimates, were indicative of management bias; and
∙Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business.
The areas that we identified as being susceptible to misstatement through fraud were:
∙Management bias in the estimates and judgements made;
∙Management override of controls; and
∙Posting of unusual journals or transactions
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 or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, 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 at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
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DAYBREAK GROUP HOLDINGS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DAYBREAK GROUP HOLDINGS LIMITED (CONTINUED)
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
Chartered Accountants & Statutory Auditors
3 Brook Business Centre
Cowley Mill Road
Middlesex
UB8 2FX
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DAYBREAK GROUP HOLDINGS LIMITED
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2025
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DAYBREAK GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 15219126
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2025
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DAYBREAK GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 15219126
CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 March 2026.
The notes on pages 20 to 39 form part of these financial statements.
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DAYBREAK GROUP HOLDINGS LIMITED
REGISTERED NUMBER: 15219126
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 20 to 39 form part of these financial statements.
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CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024
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