Company registration number 02176061 (England and Wales)
VICTORY DESIGN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
VICTORY DESIGN LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
VICTORY DESIGN LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
544,058
566,510
Current assets
Stocks
401,850
481,557
Debtors
5
392,409
398,791
Cash at bank and in hand
212,972
211,855
1,007,231
1,092,203
Creditors: amounts falling due within one year
6
(648,608)
(732,422)
Net current assets
358,623
359,781
Total assets less current liabilities
902,681
926,291
Creditors: amounts falling due after more than one year
7
(21,738)
(49,024)
Provisions for liabilities
(70,883)
(73,780)
Net assets
810,060
803,487
Capital and reserves
Called up share capital
8
111,210
111,210
Revaluation reserve
144,637
147,814
Profit and loss reserves
554,213
544,463
Total equity
810,060
803,487
VICTORY DESIGN 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 10 August 2026 and are signed on its behalf by:
J L Hines
Director
Company registration number 02176061 (England and Wales)
VICTORY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Victory Design Limited is a private company, limited by shares and incorporated in England and Wales. The registered office is Forest Buildings, 41 Creswell Road, Clowne, Chesterfield, Derbyshire, S43 4PN. The registered number is 02176061.

1.1
Accounting convention

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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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, modified to include the revaluation of freehold properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Turnover from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, turnover is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation 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:

Website
10% straight line
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.

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

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:

Freehold property
2% straight line
Plant and machinery
25% reducing balance
Fixtures and fittings
25% reducing balance

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 and intangible 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.

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.

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.

VICTORY DESIGN 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.

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.

1.9
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.

1.10
Pensions

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.

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

VICTORY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.11
Leases

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

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.12
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.13
Foreign currency translation

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2026
2025
Number
Number
Total
30
31
3
Intangible fixed assets
Website
£
Cost
At 1 April 2025 and 31 March 2026
4,420
Amortisation and impairment
At 1 April 2025 and 31 March 2026
4,420
Carrying amount
At 31 March 2026
-
0
At 31 March 2025
-
0
VICTORY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
4
Tangible fixed assets
Freehold property
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost or valuation
At 1 April 2025
494,985
342,368
144,759
982,112
Additions
-
0
27,572
9,204
36,776
Disposals
(1,200)
(30,903)
(8,843)
(40,946)
At 31 March 2026
493,785
339,037
145,120
977,942
Depreciation and impairment
At 1 April 2025
93,265
218,492
103,845
415,602
Depreciation charged in the year
9,100
27,885
15,608
52,593
Eliminated in respect of disposals
(1,167)
(24,921)
(8,223)
(34,311)
At 31 March 2026
101,198
221,456
111,230
433,884
Carrying amount
At 31 March 2026
392,587
117,581
33,890
544,058
At 31 March 2025
401,720
123,876
40,914
566,510

Freehold land and buildings includes land which had an original cost of £40,000 on which no depreciation charge is made.

On transition to FRS 102, the valuation of £450,000 was adopted as the deemed cost model. If the assets were measured using the original cost model, the carrying amounts would be as follows:
Freehold Property
2026
2025
£
£
Cost
336,149
336,149
Accumulated depreciation
(90,017)
(84,094)
Carrying value
246,132
252,055
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
368,021
377,768
Prepayments and accrued income
24,388
21,023
392,409
398,791
VICTORY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Obligations under finance leases
27,121
35,015
Trade creditors
310,842
370,596
Corporation tax
40,343
35,588
Other taxation and social security
115,825
100,757
Other creditors
126,226
111,964
Accruals and deferred income
28,251
78,502
648,608
732,422

Secured loans

Finance lease agreements are secured against the assets to which they relate.

7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases
21,738
49,024

Secured loans

Finance lease agreements are secured against the assets to which they relate.

VICTORY DESIGN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
8
Called up share capital
2026
2025
Ordinary share capital
£
£
Issued and fully paid
157,000 (2023 - 157,000) Ordinary A shares of £0.33 each
51,810
51,810
50,000 (2023 - 50,000) Ordinary B shares of £0.33 each
16,500
16,500
102,000 (2023 - 102,000) Ordinary C shares of £0.33 each
33,660
33,660
14,000 (2023 - 14,000) Ordinary D shares of £0.33 each
4,620
4,620
14,000 (2023 - 14,000) Ordinary E shares of £0.33 each
4,620
4,620
111,210
111,210

The Ordinary A shares carry a right to equal benefit in the event of winding up of the company, no entitlement to receive dividends and no rights to vote at a meeting of members.

The Ordinary B, D and E shares carry a right to equal benefit in the event of winding up of the company, an entitlement to receive dividends and no rights to vote at a meeting of members.

The Ordinary C shares carry a right to equal benefit in the event of winding up of the company, no entitlement to receive dividends and all rights to vote at a meeting of members.

2026-03-31 2025-04-01 false false false 11 August 2026 CCH Software CCH Accounts Production 2026.100 specialising in sign making, digital printing, garment marking products and Chapter 8 Chevron A Biggin J L Hines C A M Smy N A Basford Z L Reddish Z L Reddish 02176061 2025-04-01 2026-03-31 02176061 2026-03-31 02176061 2025-03-31 02176061 core:LandBuildings core:OwnedOrFreeholdAssets 2026-03-31 02176061 core:PlantMachinery 2026-03-31 02176061 core:FurnitureFittings 2026-03-31 02176061 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 02176061 core:PlantMachinery 2025-03-31 02176061 core:FurnitureFittings 2025-03-31 02176061 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 02176061 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02176061 core:WithinOneYear 2026-03-31 02176061 core:WithinOneYear 2025-03-31 02176061 core:AfterOneYear 2026-03-31 02176061 core:AfterOneYear 2025-03-31 02176061 core:ShareCapital 2026-03-31 02176061 core:ShareCapital 2025-03-31 02176061 core:RevaluationReserve 2026-03-31 02176061 core:RevaluationReserve 2025-03-31 02176061 core:RetainedEarningsAccumulatedLosses 2026-03-31 02176061 core:RetainedEarningsAccumulatedLosses 2025-03-31 02176061 core:ShareCapitalOrdinaryShares 2026-03-31 02176061 core:ShareCapitalOrdinaryShares 2025-03-31 02176061 bus:Director2 2025-04-01 2026-03-31 02176061 core:IntangibleAssetsOtherThanGoodwill 2025-04-01 2026-03-31 02176061 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-04-01 2026-03-31 02176061 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 02176061 core:PlantMachinery 2025-04-01 2026-03-31 02176061 core:FurnitureFittings 2025-04-01 2026-03-31 02176061 2024-04-01 2025-03-31 02176061 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 02176061 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2026-03-31 02176061 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 02176061 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 02176061 core:PlantMachinery 2025-03-31 02176061 core:FurnitureFittings 2025-03-31 02176061 2025-03-31 02176061 core:CurrentFinancialInstruments 2026-03-31 02176061 core:CurrentFinancialInstruments 2025-03-31 02176061 core:Non-currentFinancialInstruments 2026-03-31 02176061 core:Non-currentFinancialInstruments 2025-03-31 02176061 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-01 2026-03-31 02176061 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-01 2026-03-31 02176061 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 02176061 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 02176061 bus:FRS102 2025-04-01 2026-03-31 02176061 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 02176061 bus:Director1 2025-04-01 2026-03-31 02176061 bus:Director3 2025-04-01 2026-03-31 02176061 bus:Director4 2025-04-01 2026-03-31 02176061 bus:Director5 2025-04-01 2026-03-31 02176061 bus:CompanySecretary1 2025-04-01 2026-03-31 02176061 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP