Dappleflair Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

Dappleflair Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04386881 . The registered office is B02 Leyton Industrial Village, Argall Avenue, London, E10 7QP.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. Statement of Compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention.

3.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

3.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

3.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of 10 years.

3.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10 years straight line
Motor Vehicles	3 years straight line
Fixtures & Fittings	10 years straight line
Computer Equipment	5 years straight line

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Dappleflair Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3.7. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3.8. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3.10. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3.11. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3.12. 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.

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Dappleflair Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3.13. 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.

4. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2025: 8)

5. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2025	116,275	85,000	201,275

As at 31 March 2026	116,275	85,000	201,275

Amortisation
As at 1 April 2025	101,699	58,500	160,199
Provided during the period	1,427	3,000	4,427

As at 31 March 2026	103,126	61,500	164,626

Net Book Value
As at 31 March 2026	13,149	23,500	36,649

As at 1 April 2025	14,576	26,500	41,076

6. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	47,672	258,585	58,274	106,564	471,095
Additions	5,030	34,325	-	-	39,355
Disposals	-	(18,113 )	-	-	(18,113 )

As at 31 March 2026	52,702	274,797	58,274	106,564	492,337

Depreciation
As at 1 April 2025	31,682	148,439	43,561	104,256	327,938
Provided during the period	2,569	69,839	5,077	485	77,970
Disposals	-	(18,113 )	-	-	(18,113 )

As at 31 March 2026	34,251	200,165	48,638	104,741	387,795

Net Book Value
As at 31 March 2026	18,451	74,632	9,636	1,823	104,542

As at 1 April 2025	15,990	110,146	14,713	2,308	143,157

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Dappleflair Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Stocks

	2026	2025
	£	£
Materials	109,082	108,036

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	232,069	125,623
Amounts owed by participating interests	550	732
Other debtors	49,762	28,843

	282,381	155,198

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	26,591	18,851
Trade creditors	186,468	117,958
Bank loans and overdrafts	2,651	10,440
Amounts owed to participating interests	139,277	139,277
Other creditors	53,158	42,798
Taxation and social security	58,187	46,909

	466,332	376,233

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	23,082	29,593
Bank loans	-	2,651

	23,082	32,244

11. Loans

An analysis of the maturity of loans is given below:

	2026	2025
	£	£
Amounts falling due within one year or on demand:
Bank loans	2,651	10,440

	2026	2025
	£	£
Amounts falling due between one and five years:
Bank loans	-	2,651

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Dappleflair Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	26,591	18,851
Later than one year and not later than five years	23,082	29,593

	49,673	48,444

	49,673	48,444

13. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	60,000	60,000

14. Related Party Disclosures

Transactions with directors

All directors remuneration was concluded under normal market conditions.

Summary of transactions with other related parties

Pirtek (Watford) Ltd, AW Hydraulic Services Ltd, Macbeth 12 Ltd and Sageglen Ltd.

The companies listed abive were under the common control of Mr A Williams.

Dappleflair Ltd had provided loans to Pirtek (Watford) Ltd and AW Hydraulic Services Ltd. These have now been repaid in full. They have also received loans from Macbeth 12 Ltd and Sageglen Ltd.

All sales and purchases made with the other related parties were concluded under normal market conditions.

Loans to related parties	Other related parties	Total
2026	£	£
At start of period	732	732
Repaid	(182)	(182)

At end of period	550	550

	Other related parties	Total
2025	£	£
At start of period	-	-
Advanced	732	732

At end of period	732	732

Terms of loans to related parties

There are no terms attached to the loans to entities with joint control or significant influence and no interest charged. The loans was repaid in full during the year.

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Dappleflair Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Loans from related parties	Other related parties	Total
2026	£	£
At start of period	139,277	139,277


At end of period	139,277	139,277

	Other related parties	Total
2025	£	£
At start of period	139,277	139,277


At end of period	139,277	139,277

Terms of loans from related parties

There are no terms attached to the loans to entities with joint control or significant influence and no interest charged. The loans are repayable on demand.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		36,649		41,076
Tangible Assets	6		104,542		143,157

			141,191		184,233
CURRENT ASSETS
Stocks	7	109,082		108,036
Debtors	8	282,381		155,198
Cash at bank and in hand		298,590		243,393

		690,053		506,627
Creditors: Amounts Falling Due Within One Year	9	(466,332 )		(376,233 )

NET CURRENT ASSETS (LIABILITIES)			223,721		130,394

TOTAL ASSETS LESS CURRENT LIABILITIES			364,912		314,627

Creditors: Amounts Falling Due After More Than One Year	10		(23,082 )		(32,244 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(25,960 )		(26,956 )

NET ASSETS			315,870		255,427

CAPITAL AND RESERVES
Called up share capital	13		60,000		60,000
Profit and Loss Account			255,870		195,427

SHAREHOLDERS' FUNDS			315,870		255,427