Company registration number 07769071 (England and Wales)
DETAIL RETAIL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
DETAIL RETAIL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
DETAIL RETAIL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,647
2,893
Current assets
Stocks
5
65,486
58,750
Debtors
6
3,751
8,125
Cash at bank and in hand
49,258
23,987
118,495
90,862
Creditors: amounts falling due within one year
7
(49,729)
(44,065)
Net current assets
68,766
46,797
Total assets less current liabilities
73,413
49,690
Provisions for liabilities
Deferred tax liability
884
723
(884)
(723)
Net assets
72,529
48,967
Capital and reserves
Called up share capital
8
101
101
Profit and loss reserves
72,428
48,866
Total equity
72,529
48,967
DETAIL RETAIL LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 August 2026 and are signed on its behalf by:
W Brammall
Director
Company registration number 07769071 (England and Wales)
DETAIL RETAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Detail Retail Limited is a private company limited by shares incorporated in England and Wales. The registered office is Market Place, Ambleside, LA22 9BU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Turnover derives from the principal activity of the company which is that of a retailer of gifts, homeware and stationery. Income from that activity is recognised at the point of sale of goods.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on reducing balance
Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
Computers
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

DETAIL RETAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

DETAIL RETAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

DETAIL RETAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
The average number of employees during the year was
6
7
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
£
Cost
At 1 April 2025
45,258
4,133
14,180
2,481
66,052
Additions
-
0
1,470
509
1,358
3,337
At 31 March 2026
45,258
5,603
14,689
3,839
69,389
Depreciation and impairment
At 1 April 2025
45,258
2,327
14,180
1,394
63,159
Depreciation charged in the year
-
0
1,002
11
570
1,583
At 31 March 2026
45,258
3,329
14,191
1,964
64,742
Carrying amount
At 31 March 2026
-
0
2,274
498
1,875
4,647
At 31 March 2025
-
0
1,806
-
0
1,087
2,893
DETAIL RETAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
5
Stocks
2026
2025
£
£
Finished goods and goods for resale
65,486
58,750
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
1,858
6,129
Prepayments and accrued income
1,893
1,996
3,751
8,125
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
6,885
10,759
Corporation tax
12,275
10,632
Other taxation and social security
4,603
3,323
Other creditors
23,816
17,051
Accruals and deferred income
2,150
2,300
49,729
44,065
8
Share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
B Ordinary of £1 each
1
1
1
1
101
101
101
101
9
Operating lease commitments
As lessee

The company rents its business premises under an operating lease. The lease is entered into on normal commercial terms and gives rise to future minimum lease payments as disclosed below.

DETAIL RETAIL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
9
Operating lease commitments
(Continued)
- 8 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2026
2025
£
£
Within 1 year
20,000
20,000
Years 2-5
25,000
45,000
45,000
65,000
10
Related party transactions

The following amounts were outstanding at the reporting end date:

During the year the directors maintained an interest free loan to the company. As at the balance sheet date the balance on the loan owed by the directors was £16,718 (2025 : £11,119).

During the year received an interest free loan from a company under common management. The balance outstanding at the date of the balance sheet was £105. (2025: £105)

2026-03-31 2025-04-01 false false false 12 August 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity C Brammall W Brammall H Schramli 07769071 2025-04-01 2026-03-31 07769071 2026-03-31 07769071 2025-03-31 07769071 core:WithinOneYear 2026-03-31 07769071 core:WithinOneYear 2025-03-31 07769071 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 07769071 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07769071 core:ShareCapital 2026-03-31 07769071 core:ShareCapital 2025-03-31 07769071 core:RetainedEarningsAccumulatedLosses 2026-03-31 07769071 core:RetainedEarningsAccumulatedLosses 2025-03-31 07769071 core:ShareCapitalOrdinaryShareClass1 2026-03-31 07769071 core:ShareCapitalOrdinaryShareClass1 2025-03-31 07769071 core:ShareCapitalOrdinaryShareClass2 2026-03-31 07769071 core:ShareCapitalOrdinaryShareClass2 2025-03-31 07769071 core:ShareCapitalOrdinaryShares 2026-03-31 07769071 core:ShareCapitalOrdinaryShares 2025-03-31 07769071 bus:Director2 2025-04-01 2026-03-31 07769071 core:LeaseholdImprovements 2025-04-01 2026-03-31 07769071 core:PlantMachinery 2025-04-01 2026-03-31 07769071 core:FurnitureFittings 2025-04-01 2026-03-31 07769071 core:ComputerEquipment 2025-04-01 2026-03-31 07769071 2024-04-01 2025-03-31 07769071 core:LeaseholdImprovements 2025-03-31 07769071 core:PlantMachinery 2025-03-31 07769071 core:FurnitureFittings 2025-03-31 07769071 core:ComputerEquipment 2025-03-31 07769071 2025-03-31 07769071 core:LeaseholdImprovements 2026-03-31 07769071 core:PlantMachinery 2026-03-31 07769071 core:FurnitureFittings 2026-03-31 07769071 core:ComputerEquipment 2026-03-31 07769071 core:LeaseholdImprovements 2025-03-31 07769071 core:PlantMachinery 2025-03-31 07769071 core:FurnitureFittings 2025-03-31 07769071 core:ComputerEquipment 2025-03-31 07769071 core:CurrentFinancialInstruments 2026-03-31 07769071 core:CurrentFinancialInstruments 2025-03-31 07769071 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 07769071 bus:OrdinaryShareClass2 2025-04-01 2026-03-31 07769071 bus:OrdinaryShareClass1 2026-03-31 07769071 bus:OrdinaryShareClass1 2025-03-31 07769071 bus:OrdinaryShareClass2 2026-03-31 07769071 bus:OrdinaryShareClass2 2025-03-31 07769071 bus:AllOrdinaryShares 2026-03-31 07769071 bus:AllOrdinaryShares 2025-03-31 07769071 core:BetweenTwoFiveYears 2026-03-31 07769071 core:BetweenTwoFiveYears 2025-03-31 07769071 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 07769071 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 07769071 bus:FRS102 2025-04-01 2026-03-31 07769071 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 07769071 bus:Director1 2025-04-01 2026-03-31 07769071 bus:Director3 2025-04-01 2026-03-31 07769071 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP