Registration number: 00401061

Displad Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Displad Limited

Company Information

Director

PA Richardson

Company secretary

PA Richardson

Registered office

Eton Hill Works, Eton Hill Road, Radcliffe, Manchester, M26 2DL.

Bankers

Barclays Bank Plc., Radcliffe Branch, 51 Blackburn Street, Radcliffe, Manchester, M26 9NT.

Accountants

McKellens Limited Chartered Accountants11 Riverview The Embankment Business Park Vale Road Heaton Mersey Stockport SK4 3GN

Displad Limited

(Registration number: 00401061)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	14,414	18,945
Current assets
Stocks	5	81,340	88,871
Debtors	6	127,122	110,641
Cash at bank and in hand		135,496	78,497
		343,958	278,009
Creditors: Amounts falling due within one year	7	(163,206)	(140,295)
Net current assets		180,752	137,714
Total assets less current liabilities		195,166	156,659
Creditors: Amounts falling due after more than one year	7	(10,222)	(23,663)
Net assets		184,944	132,996
Capital and reserves
Called up share capital	9	3,000	3,000
Retained earnings		181,944	129,996
Shareholders' funds		184,944	132,996

For the financial year ending 30 November 2025 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 year 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 25 August 2026
 

......................................... PA Richardson Director

Displad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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:
Eton Hill Works,
Eton Hill Road,
Radcliffe,
Manchester,
M26 2DL.

These financial statements were authorised for issue by the director on 25 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.

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.

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
Freehold land and buildings	written off over term of lease
Plant and machinery	10% on a straight line basis

Displad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Fixtures and fittings	10% on a reducing balance basis
Motor vehicles	25% on a reducing balance basis
Office equipment	33% on a straight line basis

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.

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.

Displad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 6).

Displad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Improvements to landlord's premises £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	4,231	10,754	202,379	217,364
At 30 November 2025	4,231	10,754	202,379	217,364
Depreciation
At 1 December 2024	4,231	10,754	183,434	198,419
Charge for the year	-	-	4,531	4,531
At 30 November 2025	4,231	10,754	187,965	202,950
Carrying amount
At 30 November 2025	-	-	14,414	14,414
At 30 November 2024	-	-	18,945	18,945

5

Stocks

	2025 £	2024 £
Work in progress	5,366	5,655
Finished goods and goods for resale	7,816	8,964
Raw materials	68,158	74,252
	81,340	88,871

6

Debtors

Current	2025 £	2024 £
Trade debtors	123,475	107,683
Prepayments	3,647	2,958
	127,122	110,641

Displad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	13,444	13,448
Trade creditors		90,954	18,850
Taxation and social security		22,922	21,234
Accruals and deferred income		24,277	72,338
Other creditors		11,609	14,425
		163,206	140,295

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	10,222	23,663

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	3,333	13,334
Hire purchase contracts	6,889	10,329
	10,222	23,663

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,000	10,000
Hire purchase contracts	3,444	3,448
	13,444	13,448

Bank borrowings

The bounce back loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 9 March 2027. The carrying amount at year end is £13,333 (2024 - £23,334). The loan is unsecured.

Displad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	3,000	3,000	3,000	3,000