REGISTERED NUMBER: 11947523 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2025

FOR

DARS MANAGEMENT CO LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

N Kilbey

L Kilbey

A Kilbey

Registered office:

Network House

Thorn Office Centre

Rotherwas

Hereford

Herefordshire

HR2 6JT

Registered number:

11947523 (England and Wales)

Fixed assets

Intangible assets

4

89,346

115,496

Tangible assets

5

28,413

49,209

117,759

164,705

Current assets

Stocks

6

312,613

291,293

Debtors

7

215,805

342,235

Cash at bank

92,878

129,336

621,296

762,864

Creditors

Amounts falling due within one year

8

298,893

306,909

Net current assets

322,403

455,955

Total assets less current liabilities

440,162

620,660

Creditors

Amounts falling due after more than one year

9

-

(7,500

)

Provisions for liabilities

11

(7,200

)

(12,400

)

Net assets

432,962

600,760

Capital and reserves

Called up share capital

12

100

100

Retained earnings

432,862

600,660

Shareholders' funds

432,962

600,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th July 2026 and were signed on its behalf by:

N Kilbey - Director

1.	Statutory information

DARS Management Co Ltd 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.

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 2019, 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

Tangible fixed assets are stated in the Balance Sheet at cost less depreciation.

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

Plant & machinery

20% SL

Office equipment

20% SL & 25% SL & 20% RB

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and 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 trade and other receivables and cash and bank balances, 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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at the cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the assets original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all of the risks and rewards of the ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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 group after deducing all of its liabilities.

Basic financial liabilities, including trade and other payables are measured at the transaction price. Other financial liabilities, including bank loans, loans from fellow group companies and preference shares that are classified as debt, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research & development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase & leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs & 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 (including officers)

The average number of employees during the year was 6 (2024 - 11 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st January 2025

and 31st December 2025

275,250

Amortisation

At 1st January 2025

159,754

Amortisation for year

26,150

At 31st December 2025

185,904

Net book value

At 31st December 2025

89,346

At 31st December 2024

115,496

5.	Tangible fixed assets

Plant &

Office

machinery

equipment

Totals

£

£

£

Cost

At 1st January 2025

38,986

70,129

109,115

Additions

1,219

-

1,219

Disposals

(34,108

)

-

(34,108

)

At 31st December 2025

6,097

70,129

76,226

Depreciation

At 1st January 2025

23,023

36,883

59,906

Charge for year

1,575

7,366

8,941

Eliminated on disposal

(21,034

)

-

(21,034

)

At 31st December 2025

3,564

44,249

47,813

Net book value

At 31st December 2025

2,533

25,880

28,413

At 31st December 2024

15,963

33,246

49,209

6.

Stocks

31.12.25

31.12.24

£

£

Stocks

312,613

291,293

7.

Debtors: amounts falling due within one year

31.12.25

31.12.24

£

£

Trade debtors

159,645

324,116

Corporation tax

41,600

-

Prepayments & other debtors

14,560

18,119

215,805

342,235

8.

Creditors: amounts falling due within one year

31.12.25

31.12.24

£

£

Bank loans

7,500

10,000

Trade creditors

241,641

163,795

Amounts owed to group undertakings

-

200

Corporation tax

-

59,400

Social security & other tax

49,041

65,915

Other creditors

-

1,831

Accruals

711

5,768

298,893

306,909

9.

Creditors: amounts falling due after more than one year

31.12.25

31.12.24

£

£

Bank loans two to five years

-

7,500

10.	Leasing agreements

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

31.12.25

31.12.24

£

£

Within one year

13,639

40,032

Between one and five years

29,552

13,376

43,191

53,408

11.	Provisions for liabilities

31.12.25

31.12.24

£

£

Deferred tax

7,200

12,400

Deferred tax

£

Balance at 1st January 2025

12,400

Utilised during year

(5,200

)

Balance at 31st December 2025

7,200

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary shares

£1

100

100

13.	Contingent liabilities

There were no contingent liabilities at 31st December 2025.

14.	Related party disclosures

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.

15.	Controlling party

The company is a wholly owned subsidiary of Agrifence Holding Co Ltd

Company registration number:

11938301

Company registered office address:

Network House

Thorn Office Centre

Rotherwas

Hereford

HR2 6JT