Registration number: 02423024

Durable Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Durable Limited

Company Information

Director

Mr S Micuta

Company secretary

Mr S Micuta

Registered office

Unit 6 Newtown Road Henley-On-Thames RG9 1HG

Accountants

Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

Durable Limited

(Registration number: 02423024)
Balance Sheet as at 31 March 2026

	Note	2026 £	2024 £
Fixed assets
Tangible assets	4	91,247	141,062
Current assets
Stocks	5	30,546	25,744
Debtors	6	615,939	708,184
Cash at bank and in hand		17,745	13,436
		664,230	747,364
Creditors: Amounts falling due within one year	7	(383,933)	(423,546)
Net current assets		280,297	323,818
Total assets less current liabilities		371,544	464,880
Creditors: Amounts falling due after more than one year	7	(62,180)	(98,049)
Provisions for liabilities		(20,199)	(7,882)
Net assets		289,165	358,949
Capital and reserves
Called up share capital	8	1,413	1,413
Retained earnings		287,752	357,536
Shareholders' funds		289,165	358,949

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 August 2026
 

......................................... Mr S Micuta Company secretary and director

Durable Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 6
Newtown Road
Henley-On-Thames
RG9 1HG

These financial statements were authorised for issue by the director on 11 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Durable Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 31 March 2026 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short Leasehold	5 years straight line
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Durable Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 31 March 2026 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Durable Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 31 March 2026 (continued)

2	Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 11 (2024 - 9).

Durable Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 31 March 2026 (continued)

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 November 2024	42,364	196,393	58,591	297,348
Additions	6,666	24,150	6,456	37,272
Disposals	-	(80,698)	-	(80,698)
At 31 March 2026	49,030	139,845	65,047	253,922
Depreciation
At 1 November 2024	18,357	80,274	57,655	156,286
Charge for the period	13,892	46,836	1,783	62,511
Eliminated on disposal	-	(56,122)	-	(56,122)
At 31 March 2026	32,249	70,988	59,438	162,675
Carrying amount
At 31 March 2026	16,781	68,857	5,609	91,247
At 31 October 2024	24,007	116,119	936	141,062

Included within the net book value of land and buildings above is £16,781 (2024 - £24,007) in respect of short leasehold land and buildings.
 

5

Stocks

	2026 £	2024 £
Other inventories	30,546	25,744

6

Debtors

Current	Note	2026 £	2024 £
Trade debtors		167,091	180,543
Amounts owed by related parties	10	7,607	92,504
Prepayments		4,537	4,297
Other debtors		436,704	430,840
		615,939	708,184

Durable Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 31 March 2026 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2024 £
Due within one year
Loans and borrowings	9	32,953	37,296
Trade creditors		87,283	103,621
Amounts owed to group undertakings	10	100,301	-
Taxation and social security		32,577	51,855
Accruals and deferred income		67,424	7,180
Other creditors		63,395	223,594
		383,933	423,546

Creditors: amounts falling due after more than one year

	Note	2026 £	2024 £
Due after one year
Loans and borrowings	9	62,180	98,049

8	Share capital

Allotted, called up and fully paid shares

	2026		2024
	No.	£	No.	£
Ordinary shares of £1 each	1,413	1,413	1,413	1,413

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2024 £
Bank borrowings	-	6,160
Hire purchase contracts	62,180	91,889
	62,180	98,049

Durable Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2024 to 31 March 2026 (continued)

9	Loans and borrowings (continued)

Current loans and borrowings

	2026 £	2024 £
Bank borrowings	1,770	10,354
Bank overdrafts	-	1,405
Hire purchase contracts	31,183	25,537
	32,953	37,296

10	Related party transactions

Under FRS 102, details are not given in respect of transactions between two or more members of the group to which the company belongs as all subsidiaries are wholly owned by the ultimate parent company SM Henley Holdings Limited.

11	Parent and ultimate parent undertaking

The company's immediate parent is Energy Control Products Limited, incorporated in England.

 The ultimate parent is SM Henley Holdings Limited, incorporated in England.