REGISTERED NUMBER: 10483641 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

VERY DISPLAYS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr NN Cox

Mr CDJ Cox

Mr SJ Boswell

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

LE1 7RU

REGISTERED NUMBER:

10483641 (England and Wales)

FIXED ASSETS

Tangible assets

4

275,184

437,473

CURRENT ASSETS

Stocks

5

1,032,958

1,209,814

Debtors

6

1,483,424

1,210,601

Cash at bank

28,673

17,158

2,545,055

2,437,573

CREDITORS

Amounts falling due within one year

7

1,501,840

1,697,436

NET CURRENT ASSETS

1,043,215

740,137

TOTAL ASSETS LESS CURRENT LIABILITIES

1,318,399

1,177,610

CREDITORS

Amounts falling due after more than one year

8

(16,325

)

(74,795

)

PROVISIONS FOR LIABILITIES

11

(57,000

)

(107,297

)

NET ASSETS

1,245,074

995,518

CAPITAL AND RESERVES

Called up share capital

12

160

160

Retained earnings

1,244,914

995,358

SHAREHOLDERS' FUNDS

1,245,074

995,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2026 and were signed on its behalf by:

Mr SJ Boswell - Director

1.	STATUTORY INFORMATION

Very Displays Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice.

The company supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Short leasehold - Over period of lease

Plant and machinery - 20% on cost

Fixtures and fittings - 20% on cost

Motor vehicles - 20% on cost

Stocks

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

Taxation

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

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.

Pension costs and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2025 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2025

165,888

707,496

112,699

986,083

Additions

4,095

30,863

11,563

46,521

At 31 March 2026

169,983

738,359

124,262

1,032,604

DEPRECIATION

At 1 April 2025

79,470

376,489

92,651

548,610

Charge for year

40,014

152,834

15,962

208,810

At 31 March 2026

119,484

529,323

108,613

757,420

NET BOOK VALUE

At 31 March 2026

50,499

209,036

15,649

275,184

At 31 March 2025

86,418

331,007

20,048

437,473

5.

STOCKS

2026

2025

£

£

Stocks

1,032,958

1,209,814

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,371,317

1,098,519

Other debtors

112,107

112,082

1,483,424

1,210,601

Trade debtors include factored debts.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,556

10,419

Hire purchase contracts (see note 9)

87,310

108,983

Trade creditors

353,803

271,200

Taxation and social security

548,194

436,275

Other creditors

508,977

870,559

1,501,840

1,697,436

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

3,556

Hire purchase contracts (see note 9)

16,325

71,239

16,325

74,795

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

87,310

108,983

Between one and five years

16,325

71,239

103,635

180,222

Non-cancellable

operating leases

2026

2025

£

£

Within one year

25,063

26,555

Between one and five years

54,884

44,234

79,947

70,789

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

103,635

180,222

Invoice Finance

21,887

79,979

Import Finance

-

348,668

125,522

608,869

The HSBC Bank Plc has a Debenture over all assets of the company.

Hire purchase contracts are secured upon the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

Accelerated capital allowances

66,850

107,297

Other timing differences

(9,850

)

-

57,000

107,297

Deferred

tax

£

Balance at 1 April 2025

107,297

Credit to Income Statement during year

(50,297

)

Balance at 31 March 2026

57,000

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1,600

Ordinary

10p

160

160

13.	RELATED PARTY DISCLOSURES

At the end of the period an amount of £39,932 (2025 - £79,141) was owed to Trifibre Limited. Mr NN Cox and Mr CDJ Cox are directors of Trifibre Limited. Trifibre Limited holds a charge over the stock held by the company.

Interest was charged on the above balances at 2% above base rate.