Trade Mouldings Distribution Ltd 31/03/2026 iXBRL

Company registration number: NI044935

TRADE MOULDINGS DISTRIBUTION LTD

AUDITED FINANCIAL STATEMENTS

31 March 2026

TRADE MOULDINGS DISTRIBUTION LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

_________________________________________________________________________________________

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Profit and loss account

Balance sheet

Statement of changes in equity

Notes to the financial statements

TRADE MOULDINGS DISTRIBUTION LTD

DIRECTORS AND OTHER INFORMATION

________________________________________________________________________________________


	Directors	Mr Damien Connolly
		Mr Austin MacOscar
		Mr Conor MacOscar


	Company number	NI044935


	Registered office	Cookstown Business Park
		Sandholes Road
		Cookstown
		Co. Tyrone
		BT80 9AR


	Business address	Cookstown Business Park
		Sandholes Road
		Cookstown
		Co. Tyrone
		BT80 9AR


	Auditor	Kelly & O'Neill Ltd
		15E Molesworth Street
		Cookstown
		Co Tyrone
		BT80 8NX




	Bankers	RBS
		Rochdale
		Bolton Customer Service Centre
		Horwich
		Bolton

		Bank of Ireland
		177 Drimnagh Road
		Walkinstown
		Dublin 12

TRADE MOULDINGS DISTRIBUTION LTD

STRATEGIC REPORT

YEAR ENDED 31 MARCH 2026

_________________________________________________________________________________________

Review of the business and future developments

There have been no significant changes in the activities of the company during the year ended 31 March 2026. The company does not expect there to be any significant changes in the coming year. Competition in the market place remains strong and effective cost control remains an area of focus for the company especially given the increasing rates of inflation. The directors consider the results for the year to be satisfactory given the current economic conditions. The company plans to continue its present activities and maintain its current trading levels. The directors will continue to seek every opportunity to increase both turnover and profitability where possible in the coming year.

Principal risks and uncertainties

The company's operations expose it to a variety of financial risks including foreign exchange risk and customer credit risk. The company is exposed to currency exchange risk as a proportion of its receivables and payables are denominated in euro. The company mitigates this risk where possible. The company offers credit terms to its customers. This risk is mitigated by the strong on-going customer relationships and by credit insurance. The company is also aware that it faces uncertainty following the decision of the UK to leave the European Union.

Environment

The company recognises its corporate responsibility to carry out its operations whilst minimising environmental impacts. The directors' continued aim is to comply with all applicable environmental legislation, prevent pollution and reduce waste wherever possible.

Health and Safety

The company is committed to achieving the highest practicable standards in health and safety management and strives to make all premises safe environments for employees and customers alike.

Employees

The directors recognise the importance of the recruitment, training and retention of a highly skilled and motivated work force. There is a risk that future growth could be impeded due to a lack of skilled resources. This risk is being addressed through internal training and development programmes.

The company gives full consideration to applications for employment by disabled persons, and every effort is made to ensure that the training and career development of disabled persons is identical to that of all other employees.

This report was approved by the board of directors on 8 September 2026 and signed on behalf of the board by:

Mr Damien Connolly

Director

TRADE MOULDINGS DISTRIBUTION LTD

DIRECTORS REPORT

YEAR ENDED 31 MARCH 2026

_________________________________________________________________________________________

The directors present their report and the financial statements of the company for the year ended 31 March 2026.

Directors

The directors who served the company during the year were as follows:

Mr Damien Connolly

Mr Austin MacOscar

Mr Conor MacOscar

Dividends

Particulars of recommended dividends are detailed in note 8 to the financial statements.

Future developments

The company intends to continue to distribute furniture components. The directors will continue to seek every opportunity to increase both turnover and profitability where possible in the coming year.

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are 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 them to ensure that the financial statements comply with the Companies Act 2006. They are 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.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 08 September 2026 and signed on behalf of the board by:

Mr Damien Connolly

Director

TRADE MOULDINGS DISTRIBUTION LTD

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF

YEAR ENDED 31 MARCH 2026

_________________________________________________________________________________________

Opinion

We have audited the financial statements of Trade Mouldings Distribution Ltd (the 'company') for the year ended 31 March 2026 which comprise the Profit and loss account, Balance sheet, statement of changes in equity 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 FRS 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: - give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

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’s 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 directors 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 financial statements are authorised for issue.

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

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. 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. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

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

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the 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 or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's 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. 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: We obtained an understanding of the legal and regulatory framework applicable to the company through enquiry of management, industry research and the application of cumulative audit knowledge. We identified the following principal laws and regulations relevant to the company - Companies Act 2006 and the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS102).We developed an understanding of the key fraud risks to the entity (including how fraud might occur), the controls in place to help mitigate those risks, and the accounts, balances and disclosures within the financial statements which may be susceptible to management bias. Our understanding was obtained through review of the financial statements for significant accounting estimates, analysis of journal entries, walkthrough of the key controls system in place and enquiry of management. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 auditors 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.

Cathal O'Neill (Senior Statutory Auditor)

For and on behalf of

Kelly & O'Neill Ltd

Chartered Accountants and & Registered Auditors

15E Molesworth Street

Cookstown

Co Tyrone

BT80 8NX

08 September 2026

TRADE MOULDINGS DISTRIBUTION LTD

PROFIT AND LOSS ACCOUNT

YEAR ENDED 31 MARCH 2026

________________________________________________________________________________________

		2026	2025
	Note	£	£


Turnover		21,398,670	21,066,097
Cost of sales		( 17,593,640)	( 17,614,736)
		_______	_______
Gross profit		3,805,030	3,451,361

Administrative expenses		( 3,397,712)	( 3,410,035)
		_______	_______
Operating profit	4	407,318	41,326

Other interest receivable and similar income	6	5,971	27,777
		_______	_______
Profit before taxation		413,289	69,103

Tax on profit	7	( 52,588)	( 25,557)
		_______	_______
Profit for the financial year		360,701	43,546
		_______	_______
Foreign currency retranslation		16,505	38,782
		_______	_______
Total comprehensive income for the year		377,206	82,328
		_______	_______

All the activities of the company are from continuing operations.

TRADE MOULDINGS DISTRIBUTION LTD

BALANCE SHEET

31 MARCH 2026

_________________________________________________________________________________________

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	9	619,175		711,203
		_______		_______
			619,175		711,203

Current assets
Debtors	10	5,400,578		5,245,762
Cash at bank and in hand		655,489		392,742
		_______		_______
		6,056,067		5,638,504
Creditors: amounts falling due
within one year	11	( 1,020,836)		( 822,507)
		_______		_______
Net current assets			5,035,231		4,815,997
			_______		_______
Total assets less current liabilities			5,654,406		5,527,200

			_______		_______
Net assets			5,654,406		5,527,200
			_______		_______

Capital and reserves
Called up share capital	13		1,000		1,000
Profit and loss account	14		5,653,406		5,526,200
			_______		_______
Shareholders funds			5,654,406		5,527,200
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 08 September 2026 , and are signed on behalf of the board by:

Mr Damien Connolly Mr Conor MacOscar

Director Director

Company registration number: NI044935

TRADE MOULDINGS DISTRIBUTION LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2026

_______________________________________________________________________________

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2024	1,000	5,443,872	5,444,872

Profit for the year		43,546	43,546
Other comprehensive income for the year:
Foreign currency retranslation		38,782	38,782
	_______	_______	_______
Total comprehensive income for the year	-	82,328	82,328

	_______	_______	_______
At 31 March 2025 and 1 April 2025	1,000	5,526,200	5,527,200

Profit for the year		360,701	360,701
Other comprehensive income for the year:
Foreign currency retranslation		16,505	16,505
	_______	_______	_______
Total comprehensive income for the year	-	377,206	377,206

Dividends paid and payable		( 250,000)	( 250,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 250,000)	( 250,000)

	_______	_______	_______
At 31 March 2026	1,000	5,653,406	5,654,406
	_______	_______	_______

TRADE MOULDINGS DISTRIBUTION LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

_______________________________________________________________________________________

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Cookstown Business Park, Sandholes Road, Cookstown, Co. Tyrone, BT80 9AR.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	4 %	straight line
Plant and machinery	-	10 %	straight line
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	33.3 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Operating profit

Operating profit is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible assets	184,869	204,949
(Gain)/loss on disposal of tangible assets	( 15,272)	( 6,079)
Impairment of trade debtors	17,592	17,525
Foreign exchange differences	( 500)	( 336)
Fees payable for the audit of the financial statements	9,480	9,030
	_______	_______

5. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2026	2025
Distribution staff	45	43
Administrative staff	20	18
	_______	_______
	65	61
	_______	_______

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	2,489,272	2,552,272
Other pension costs	64,545	10,000
	_______	_______
	2,553,817	2,562,272
	_______	_______

6. Other interest receivable and similar income

	2026	2025
	£	£
Other interest receivable and similar income	5,971	27,777
	_______	_______

7. Tax on profit

Major components of tax expense

	2026	2025
	£	£
Current tax:
UK current tax expense	52,588	25,557
	_______	_______
Tax on profit	52,588	25,557
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is lower than (2025: higher than) the standard rate of corporation tax in the UK of 25.00 % (2025: 25.00%).

	2026	2025
	£	£
Profit before taxation	413,289	69,103
	_______	_______

Profit multiplied by rate of tax	103,322	17,276
Effect of expenses not deductible for tax purposes	-	( 31,000)
Effect of capital allowances and depreciation	23,134	( 43,166)
Utilisation of tax losses	( 63,279)	-
Unrelieved tax losses	-	63,279
Double taxation relief	( 52,588)	( 6,389)
Foreign tax	52,588	25,557
Group relief	( 10,589)	-
	_______	_______
Tax on profit	52,588	25,557
	_______	_______

8. Dividends

Equity dividends

	2026	2025
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	250,000	-
	_______	_______

9. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2025	50,480	1,257,352	784,294	2,092,126
Additions	-	-	92,840	92,840
Disposals	-	-	( 64,199)	( 64,199)
	_______	_______	_______	_______
At 31 March 2026	50,480	1,257,352	812,935	2,120,767
	_______	_______	_______	_______
Depreciation
At 1 April 2025	50,480	662,606	667,836	1,380,922
Charge for the year	-	100,299	84,570	184,869
Disposals	-	-	( 64,199)	( 64,199)
	_______	_______	_______	_______
At 31 March 2026	50,480	762,905	688,207	1,501,592
	_______	_______	_______	_______
Carrying amount
At 31 March 2026	-	494,447	124,728	619,175
	_______	_______	_______	_______
At 31 March 2025	-	594,746	116,458	711,204
	_______	_______	_______	_______

10. Debtors

	2026	2025
	£	£
Trade debtors	1,884,295	1,473,540
Amounts owed by group undertakings	3,299,892	3,541,309
Prepayments and accrued income	216,391	124,469
Other debtors	-	106,444
	_______	_______
	5,400,578	5,245,762
	_______	_______

11. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	365,436	260,883
Accruals and deferred income	114,666	110,611
Corporation tax	25,796	-
Social security and other taxes	239,200	186,302
Director loan accounts	50,618	-
Other creditors	225,120	264,711
	_______	_______
	1,020,836	822,507
	_______	_______

12. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 64,545 (2025: £ 10,000 ).

13. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
Ordinary shares shares of £ 1.00 each	1,000	1,000	1,000	1,000
	_______	_______	_______	_______

14. Reserves

Profit and loss account:This reserve records retained earnings and accumulated losses.

15. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Damien Connolly	-	( 50,618)	( 50,618)
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Damien Connolly	( 28,900)	28,900	-
		_______	_______	_______

16. Controlling party

The ultimate controlling party is considered to be Trade Mouldings Ltd, which owns 80% of the share capital of the company. Trade Mouldings Ltd is a private limited company registered in Northern Ireland. Its registered address is Cookstown Business Park, Sandholes Road, Cookstown, BT80 9AR.