REGISTERED NUMBER: 09119081 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

Now Dutton Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K D Heppenstall

Mr J F Emmerson

Mr J L Scott

REGISTERED OFFICE:

28 Bailey Street

Sheffield

South Yorkshire

S1 4EH

REGISTERED NUMBER:

09119081 (England and Wales)

SENIOR STATUTORY AUDITOR:

James Salim FCCA

AUDITORS:

SMH Group Audit

Statutory Auditors

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Intangible assets

4

450,422

558,530

Tangible assets

5

24,871

30,783

475,293

589,313

CURRENT ASSETS

Debtors

6

1,223,267

1,115,828

Cash at bank and in hand

7,973

64,935

1,231,240

1,180,763

CREDITORS

Amounts falling due within one year

7

1,596,704

1,607,726

NET CURRENT LIABILITIES

(365,464

)

(426,963

)

TOTAL ASSETS LESS CURRENT LIABILITIES

109,829

162,350

PROVISIONS FOR LIABILITIES

9

5,855

7,696

NET ASSETS

103,974

154,654

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

103,874

154,554

SHAREHOLDERS' FUNDS

103,974

154,654

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 31 July 2026 and were signed on its behalf by:

Mr K D Heppenstall - Director

1.	STATUTORY INFORMATION

Now Dutton 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.

Related party exemption

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance

Computer equipment

-

25% on reducing balance

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

1,142,256

AMORTISATION

At 1 November 2024

583,726

Charge for year

108,108

At 31 October 2025

691,834

NET BOOK VALUE

At 31 October 2025

450,422

At 31 October 2024

558,530

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

76,380

Additions

2,518

At 31 October 2025

78,898

DEPRECIATION

At 1 November 2024

45,597

Charge for year

8,430

At 31 October 2025

54,027

NET BOOK VALUE

At 31 October 2025

24,871

At 31 October 2024

30,783

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,149,256

1,063,751

Other debtors

74,011

52,077

1,223,267

1,115,828

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

21,235

15,219

Amounts owed to group undertakings

377,948

1,069,392

Taxation and social security

152,019

120,417

Other creditors

1,045,502

402,698

1,596,704

1,607,726

Included within other creditors is an amount £905,442 (2024: £357,865) relating to invoice discounting advances, these advances are secured by way of first fixed and floating charges over the present and future assets of the company.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

35,721

21,272

Between one and five years

22,714

1,569

58,435

22,841

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

5,855

7,696

Deferred tax

£

Balance at 1 November 2024

7,696

Provided during year

(1,841

)

Balance at 31 October 2025

5,855

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

-

-

90

Ordinary A

£1

90

90

10

Ordinary B

£1

10

10

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Salim FCCA (Senior Statutory Auditor)

for and on behalf of SMH Group Audit

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Davison.

At 31 October 2025 the company's parent company was Portland Investment Group Limited, a company which is incorporated in the Uk. The ultimate parent company is Portland Investment Group Holdings Limited. The consolidated accounts of this company are available to the public and may be obtained from Companies House, Cardiff.