Registration number: 11005900

Designer Sofas Group Ltd.

Contents

Designer Sofas Group Ltd.

Company Information

Designer Sofas Group Ltd.

Strategic Report for the Period from 1 October 2024 to 31 March 2026

The director presents his strategic report for the period from 1 October 2024 to 31 March 2026.

Principal activity

The principal activity of the company is sale of designer furniture

Fair review of the business

The financial statements cover an 18-month period from 1 October 2024 to 31 March 2026 following a change in the company's reporting date. The comparative period is the 12 months to 30 September 2024 and, accordingly, the current period is not directly comparable without taking account of the longer reporting period.

The period was one of continued growth, investment and operational development for the company against a challenging backdrop for the UK furniture and wider big-ticket retail market. Consumer confidence remained affected by the higher interest rate environment, pressure on household disposable income, a subdued housing market and wider economic uncertainty. In addition, geopolitical disruption, including instability in the Middle East and its impact on global shipping routes, continued to affect freight costs, supplier lead times and the reliability of international supply chains.

Despite these headwinds, the company continued to make excellent progress in strengthening its position as a national furniture retailer. The business expanded further into new stores, including Milton Keynes, Belfast, Croydon and Cardiff.

The company has also continued to invest in its existing store portfolio, undertaking refurbishment and improvement works to maintain a high-quality, contemporary showroom estate. These investments support the customer proposition, improve operational consistency and ensure that the estate remains well positioned for future growth.

Investment has not been limited to the store portfolio. During the period, the company continued to invest in its people, systems and operating infrastructure to support the enlarged estate and improve scalability. This has included the development of a newly designed website, representing an important first step in the company’s expansion into e-commerce. The online channel will provide an opportunity to trial selected ranges tailored specifically to digital customers, broaden the company’s reach and develop an additional platform for growth alongside the physical store estate. The director believes that, over time, e-commerce has the potential to become an increasingly meaningful contributor to the business, while supporting further improvements in customer experience, internal efficiency and profitability.

The company’s strong cash generation continued to support investment in new stores, the existing store portfolio, stock, people and systems, while maintaining a healthy cash position and without any external bank borrowings.

The company’s objective is to continue growing organically through disciplined investment, operational improvement and careful development of its product proposition. The company will also remain open to selective opportunities for growth through acquisition, partnership or other strategic means where these are consistent with its values, financial discipline and long-term plans.

Designer Sofas Group Ltd.

Strategic Report for the Period from 1 October 2024 to 31 March 2026

Financial results

Increase in sales of goods
Sales of goods increased to £53.6m for the 18-month period. On a 12-month equivalent basis, this represents a 17% increase compared with the year ended 30 September 2024.

This growth reflects the benefit of the enlarged store portfolio, continued investment in the showroom estate and the company's ongoing focus on broadening its appeal to a wider customer base. The company has continued to develop its product proposition through a carefully curated range of high-quality products sourced from leading brands and suppliers across Italy, the rest of Europe and the Far East, providing customers with a broader and more compelling choice while maintaining the quality, innovation and design-led proposition associated with the Designer Sofas multi-brand store format.

Gross margin
Gross profit increased to £25.9m for the 18-month period. Gross profit margin improved by 90 basis points to 48.3%, compared with 47.4% in the comparative period.

The director considers this margin improvement to be a positive result, particularly given continuing cost pressures across the furniture market and the increased cost of providing interest-free credit (“IFC”) to customers. The improvement reflects the company’s ongoing focus on pricing discipline, supplier terms, product mix, promotional control and the continued diversification of its product offering.
The business has placed significant emphasis on improving gross margin, while continuing to offer a competitive and attractive customer proposition. This focus has continued after the period end and is expected to remain a key area of management attention.

EBITDA and profitability
The director considers EBITDA to be an important measure of underlying trading performance, particularly during a period of significant ongoing investment in the store estate, systems and infrastructure.

EBITDA for the 18-month period was approximately £3.2m. This reflects a resilient underlying trading performance during a period in which the company continued to invest materially in future growth.

Operating profit was £1.2m and profit before tax was £1.3m. These statutory measures include depreciation charges of £2.0m arising from several years of increased investment in new stores, the existing store portfolio, fixtures and fittings, systems and related infrastructure. EBITDA therefore provides an additional measure of underlying trading performance before these non-cash charges.

Profitability was also affected by significant inflationary pressures, including the well-publicised increases in the National Minimum Wage and employer National Insurance, together with higher business rates across the enlarged estate, transport costs and volume-related variable costs associated with completing deliveries across a larger national network. These pressures were experienced alongside broader market headwinds affecting the UK furniture sector, including subdued housing market activity, higher interest rates and continued disruption to international supply chains.

The director considers the result to be positive in the circumstances, with the company maintaining profitability, improving gross margin, continuing to invest for the long term and preserving a strong financial position.

Cash position
The company remained strongly cash generative, with £4.4m of cash generated from operations during the 18-month period. This supported continued investment in the store estate (£3.5m), stock (£1.0m), people and systems while maintaining a healthy period-end cash balance of £5.2m.

As the business expanded, working capital requirements increased, including higher stock holdings and supplier balances to support the enlarged estate and increased trading volumes. These requirements have continued to be managed carefully through disciplined cash flow monitoring, stock control and close supplier relationships.

Cash at bank and in hand at 31 March 2026 was £5.2m, compared with £4.1m at 30 September 2024. The company had positive net current assets of £3.7m, while net assets increased to £10.5m from £9.2m. The company continued to operate without external bank borrowings, which the director considers to be a significant source of resilience and financial flexibility.

 

Designer Sofas Group Ltd.

Strategic Report for the Period from 1 October 2024 to 31 March 2026

Financial results

Increase in sales of goods
Sales of goods increased to £53.6m for the 18-month period. On a 12-month equivalent basis, this represents a 17% increase compared with the year ended 30 September 2024.

This growth reflects the benefit of the enlarged store portfolio, continued investment in the showroom estate and the company's ongoing focus on broadening its appeal to a wider customer base. The company has continued to develop its product proposition through a carefully curated range of high-quality products sourced from leading brands and suppliers across Italy, the rest of Europe and the Far East, providing customers with a broader and more compelling choice while maintaining the quality, innovation and design-led proposition associated with the Designer Sofas multi-brand store format.

Gross margin
Gross profit increased to £25.9m for the 18-month period. Gross profit margin improved by 90 basis points to 48.3%, compared with 47.4% in the comparative period.

The director considers this margin improvement to be a positive result, particularly given continuing cost pressures across the furniture market and the increased cost of providing interest-free credit (“IFC”) to customers. The improvement reflects the company’s ongoing focus on pricing discipline, supplier terms, product mix, promotional control and the continued diversification of its product offering.
The business has placed significant emphasis on improving gross margin, while continuing to offer a competitive and attractive customer proposition. This focus has continued after the period end and is expected to remain a key area of management attention.

EBITDA and profitability
The director considers EBITDA to be an important measure of underlying trading performance, particularly during a period of significant ongoing investment in the store estate, systems and infrastructure.

EBITDA for the 18-month period was approximately £3.2m. This reflects a resilient underlying trading performance during a period in which the company continued to invest materially in future growth.

Operating profit was £1.2m and profit before tax was £1.3m. These statutory measures include depreciation charges of £2.0m arising from several years of increased investment in new stores, the existing store portfolio, fixtures and fittings, systems and related infrastructure. EBITDA therefore provides an additional measure of underlying trading performance before these non-cash charges.

Profitability was also affected by significant inflationary pressures, including the well-publicised increases in the National Minimum Wage and employer National Insurance, together with higher business rates across the enlarged estate, transport costs and volume-related variable costs associated with completing deliveries across a larger national network. These pressures were experienced alongside broader market headwinds affecting the UK furniture sector, including subdued housing market activity, higher interest rates and continued disruption to international supply chains.

The director considers the result to be positive in the circumstances, with the company maintaining profitability, improving gross margin, continuing to invest for the long term and preserving a strong financial position.

Cash position
The company remained strongly cash generative, with £4.4m of cash generated from operations during the 18-month period. This supported continued investment in the store estate (£3.5m), stock (£1.0m), people and systems while maintaining a healthy period-end cash balance of £5.2m.

As the business expanded, working capital requirements increased, including higher stock holdings and supplier balances to support the enlarged estate and increased trading volumes. These requirements have continued to be managed carefully through disciplined cash flow monitoring, stock control and close supplier relationships.

Cash at bank and in hand at 31 March 2026 was £5.2m, compared with £4.1m at 30 September 2024. The company had positive net current assets of £3.7m, while net assets increased to £10.5m from £9.2m. The company continued to operate without external bank borrowings, which the director considers to be a significant source of resilience and financial flexibility.

 

Key performance indicators
The company's key financial and other performance indicators during the period were as in the table below.

Note that the 12-month equivalent figures are unaudited and represent a simple annualisation of the reported 18-month results on a 12/18 basis. They are provided for illustrative purposes only and have not been adjusted for seasonality or the timing of store openings.

EBITDA is an alternative performance measure and has been calculated as operating profit before depreciation and amortisation.
 

Customers and people
The company's performance has been achieved through the continued dedication of its colleagues, suppliers and partners. The director remains grateful to everyone associated with the business for their contribution during a period of growth, investment and wider market uncertainty.

The company continues to place customers at the centre of its proposition. The business is proud to have maintained excellent customer review scores, with its Trustpilot rating and average Google review rating remaining at 4.9 out of 5. During the 18 months to the date of this report, the company received nearly 6,000 Trustpilot reviews, more than 97% of which were five-star. The director believes this is a testament to the quality of the company’s products, the professionalism of its people and its continued commitment to delivering a high standard of service throughout the customer journey. The company will continue to invest in its people, training, systems and operational processes to support the enlarged business and maintain service standards as the estate grows.
 

Designer Sofas Group Ltd.

Strategic Report for the Period from 1 October 2024 to 31 March 2026

Outlook - principal risks and uncertainties

Trading in the first quarter of the new financial period has been encouraging. Gross order intake for the five months ended 31st August was approximately 20% ahead of comparable prior-year period. The company has also maintained its focus on improving gross margin, and the director is pleased that this work is continuing to deliver positive results.

The director remains confident in the long-term prospects of the business, supported by the enlarged store portfolio, encouraging current trading and continued progress in gross margin. Based on current trading performance, the expanded business is on track to achieve its annual turnover target of £45m, while maintaining its focus on sustainable growth, margin improvement and disciplined investment. The company remains mindful of several principal risks and uncertainties that could impact performance, including:

• Consumer confidence and discretionary spending: as a retailer of big-ticket items, demand remains sensitive to household disposable income, mortgage costs, interest rates and wider economic confidence.
• Housing market activity: furniture demand is influenced by housing transactions, home moves and consumer willingness to invest in the home.
• Supply chain and shipping disruption: geopolitical disruption, including instability affecting Middle East shipping routes, may affect freight costs, supplier lead times and product availability.
• Cost inflation: business rates, employer National Insurance, wage inflation, utilities, transport costs and supplier cost increases may continue to put pressure on operating costs.
• Working capital and supplier relationships: as the company grows, stock levels and supplier balances may increase to support the enlarged estate and product range. The company manages this through careful cash flow monitoring, disciplined stock management and maintaining strong relationships with key suppliers.
• Margin pressure: the company must balance promotional activity, product mix, supplier pricing, IFC offerings and customer affordability while maintaining competitiveness.
• People and operational capacity: continued growth requires investment in recruitment, retention, training, management infrastructure and operational systems.
• Technology and cybersecurity: as the business becomes increasingly systems-led, data security, resilience and business continuity remain important areas of focus.


The director remains confident in the long-term prospects of the business, supported by the enlarged store portfolio, encouraging current trading and continued progress in gross margin.

Approved and authorised by the director on 7 September 2026
 

Designer Sofas Group Ltd.

Director's Report for the Period from 1 October 2024 to 31 March 2026

The director presents his report and the financial statements for the period from 1 October 2024 to 31 March 2026.

Director of the company

The director who held office during the period was as follows:

Mr Michael David Solomon

Financial instruments

Objectives and policies

Financial risk is managed by tight monitoring of income and costs.

Price risk, credit risk, liquidity risk and cash flow risk

The business' activities expose it primarily to the financial risks of changes in spending policies in the retail market.

The business' principal financial instruments comprise bank balances and trade creditors. The company has been careful to avoid the need for financing and receives payments on or before sale and thus avoids the risk of customer payment issues.

In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of
funding and flexibility through the use of careful cash management.

Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Future developments

The Director aims to maintain the existing management policies and strategies, as outlined in the strategic report above, and remains confident that by managing the controllable risks this will continue to generate a growing business in respect to turnover, EBITDA and cash flow.

Research and development

The company does not engage in research and development as the company is a retailer and not a manufacturer.

Donations

During the period, the Company made charitable contributions of £46,245 (2024: £31,487). No political donations, expenditure or contributions have been made or incurred (2024: £nil).
 

Designer Sofas Group Ltd.

Director's Report for the Period from 1 October 2024 to 31 March 2026

Going concern

The Company held net assets of £10,457,688 (2024: £9,249,170) and cash at year end was £5,162,158 (2024: £4,078,953). Since that time, the business has continued to grow the order book and carefully managed liquidity and working capital.

In assessing whether the going concern is appropriate the Director reviewed financial performance, cash flow forecasts, and store-level breakeven analyses. Having taken this and all relevant information up to and including the balance sheet date the Director believes that the Company has adequate resources to continue to trade effectively for the foreseeable future. On that basis, the Director continues to adopt the going concern basis of accounting in preparing this Report and Financial Statements.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to the auditors

Reappointment of auditors

The auditors Paul Winston Limited are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Approved and authorised by the director on 7 September 2026
 

Designer Sofas Group Ltd.

Independent Auditor's Report to the Members of Designer Sofas Group Ltd.

Opinion

We have audited the financial statements of Designer Sofas Group Ltd. (the 'company') for the period from 1 October 2024 to 31 March 2026, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

We have nothing to report in this regard.

Designer Sofas Group Ltd.

Independent Auditor's Report to the Members of Designer Sofas Group Ltd.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Designer Sofas Group Ltd.

Independent Auditor's Report to the Members of Designer Sofas Group Ltd.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that could be contrary to these laws and regulations, including fraud.

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, UK tax legislation and equivalent local laws and regulations.

We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the directors meetings.

Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management. We also completed the following procedures:

• Performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
• In addressing the risk of fraud through management override of controls, we tested journal entries and other adjustments for inappropriate or unusual journals outside of our expectations, as well as for any significant transactions outside the normal course of business, taking into consideration the scope for management to manipulate financial results;
• Assessed the appropriateness of key estimates and judgements made by management and challenged the assumptions used in accounting estimates.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Designer Sofas Group Ltd.

Independent Auditor's Report to the Members of Designer Sofas Group Ltd.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Paul Winston (Senior Statutory Auditor)
For and on behalf of Paul Winston Limited, Statutory Auditor
 Silver Rose Unit 21
East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

7 September 2026

Designer Sofas Group Ltd.

Profit and Loss Account for the Period from 1 October 2024 to 31 March 2026

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

Designer Sofas Group Ltd.

Statement of Comprehensive Income for the Period from 1 October 2024 to 31 March 2026

Designer Sofas Group Ltd.

(Registration number: 11005900)
Balance Sheet as at 31 March 2026

Approved and authorised by the director on 7 September 2026
 

Designer Sofas Group Ltd.

Statement of Changes in Equity for the Period from 1 October 2024 to 31 March 2026

Designer Sofas Group Ltd.

Statement of Cash Flows for the Period from 1 October 2024 to 31 March 2026

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 1 Brent South Shopping Park
Tilling Road
London
NW2 1LS
England

These financial statements were authorised for issue by the director on 7 September 2026.

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

Basis of preparation

Revenue recognition

Tax

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

Tangible assets

Depreciation

Cash and cash equivalents

Trade debtors

Stocks

Trade creditors

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

Provisions

Leases

Share capital

Defined contribution pension obligation

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

Financial instruments

The Company's financial instruments comprise cash and cash equivalents, trade and other receivables, trade and other payables and lease liabilities arising in the normal course of business.
The main risks arising from the Company's financial instruments are credit risk, liquidity risk and interest rate risk.

Credit risk
Credit risk arises principally from cash and cash equivalents; deposits held with banks and amounts due from customers and finance providers. The Company's exposure to credit risk is managed by monitoring outstanding balances and maintaining deposits with reputable financial institutions.

Liquidity risk
Liquidity risk is the risk that the Company may be unable to meet its financial obligations as they fall due. The Company manages liquidity risk through regular monitoring of cash flows and ensuring sufficient funds are available to meet its obligations, including trade and other creditors and lease liabilities.

Interest rate risk
The Company is exposed to interest rate risk principally through its bank deposits. The Company monitors its cash resources and contractual arrangements to manage its exposure to movements in interest rates.

 

Warranties

The Company provides warranties in relation to certain goods sold. A provision is recognised for warranty obligations where the Company has a present obligation arising from past events, an outflow of economic benefits is probable, and the amount can be estimated reliably. The provision represents management's best estimate of the expenditure required to settle warranty claims at the reporting date and is reviewed at each reporting date.

Events after the balance sheet date

There are no events after the balance sheet date that require any adjustments in the accounts of the company

The analysis of the company's revenue for the period from continuing operations is as follows:

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

The analysis of the company's other operating income for the period is as follows:

Arrived at after charging/(crediting)

The aggregate payroll costs (including director's remuneration) were as follows:

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

The average number of persons employed by the company (including the director) during the period, analysed by category was as follows:

The director's remuneration for the period was as follows:

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	648,781	6,807,055	32,173	7,488,009
Additions	137,922	3,121,593	-	3,259,515
At 31 March 2026	786,703	9,928,648	32,173	10,747,524
Depreciation
At 1 October 2024	64,878	1,769,018	14,076	1,847,972
Charge for the period	108,274	1,847,931	6,786	1,962,991
At 31 March 2026	173,152	3,616,949	20,862	3,810,963
Carrying amount
At 31 March 2026	613,551	6,311,699	11,311	6,936,561
At 30 September 2024	583,903	5,038,037	18,097	5,640,037

Included within the net book value of land and buildings above is £613,551 (2024 - £583,903) in respect of short leasehold land and buildings.
 

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £136,842 (2024 - £77,122).

Designer Sofas Group Ltd.

Notes to the Financial Statements for the Period from 1 October 2024 to 31 March 2026

Allotted, called up and fully paid shares

Summary of transactions with other related parties

The director is related to the company by virtue of ownership and control, and receives remuneration as shown in note 9 above.

The director also has an interest in Natuzzi Stores (UK) Ltd and as such whilst that company operates independently it is effectively related to Designer Sofas Group Ltd.

During the period stock was purchased from Natuzzi's Italian associate and at the balance sheet date the amounts included in trade creditors for Natuzzi were £2,535,494 (2024: £2,430,173)

There are no other related parties or transactions that require disclosure.