REGISTERED NUMBER: 01354814 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Dollcast Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mrs J A Howells

Mr M J Howells

Mrs J A Howard

Miss C Griffiths

Secretary:

Mrs J A Howells

Registered office:

Village Farm Industrial Estate

Pyle

Bridgend

Mid Glamorgan

CF33 6BJ

Registered number:

01354814 (England and Wales)

Accountants:

Curtis, Bowden and Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

Rhondda Cynon Taff

CF40 1AR

Fixed assets

Tangible assets

4

660,886

616,226

Current assets

Stocks

5

21,328

222,871

Debtors

6

2,048,455

1,438,244

Cash at bank

1,327

1,318

2,071,110

1,662,433

Creditors

Amounts falling due within one year

7

811,337

519,545

Net current assets

1,259,773

1,142,888

Total assets less current liabilities

1,920,659

1,759,114

Creditors

Amounts falling due after more than one year

8

(77,038

)

(33,833

)

Provisions for liabilities

(50,622

)

(37,766

)

Net assets

1,792,999

1,687,515

Capital and reserves

Called up share capital

10,000

10,000

Revaluation reserve

10

285,856

285,856

Retained earnings

10

1,497,143

1,391,659

Shareholders' funds

1,792,999

1,687,515

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 10 September 2026 and were signed on its behalf by:

Mr M J Howells - Director

1.	Statutory information

Dollcast 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.

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 as modified by the revaluation of certain assets. The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £1.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. In respect of long-term contracts and contracts for on-going services,turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services are recognised by reference to the stage of completion.

Tangible fixed assets

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

Short leasehold

-

Over the period of the lease.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development

Research and Development Expenditure Credits (RDEC) are accounted for under the performance model. The credits are recognised gross within Other Operating Income in the period in which the company's claim becomes reliably measurable. Any subsequent adjustments or amendments to prior period RDEC claims are recognised in Other Operating Income in the period in which the amended corporation tax return is submitted and quantified. The tax impact of the gross credit is included within the tax charge for the year.

Hire purchase and leasing commitments

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

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.

3.	Employees and directors

The average number of employees during the year was 28 (2025 - 30 ) .

4.	Tangible fixed assets

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

Cost or valuation

At 1 April 2025

475,000

672,588

441,976

1,589,564

Additions

-

113,500

68,657

182,157

Disposals

-

-

(127,183

)

(127,183

)

At 31 March 2026

475,000

786,088

383,450

1,644,538

Depreciation

At 1 April 2025

43,415

596,079

333,844

973,338

Charge for year

4,748

44,920

35,345

85,013

Eliminated on disposal

-

-

(74,699

)

(74,699

)

At 31 March 2026

48,163

640,999

294,490

983,652

Net book value

At 31 March 2026

426,837

145,089

88,960

660,886

At 31 March 2025

431,585

76,509

108,132

616,226

Cost or valuation at 31 March 2026 is represented by:

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

Valuation in 2026

475,000

-

-

475,000

Cost

-

786,088

383,450

1,169,538

475,000

786,088

383,450

1,644,538

If the leasehold property had not been revalued it would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

273,362

273,362

Aggregate depreciation

111,846

108,764

The directors are of the opinion that the value of the leasehold property as independently valued in 2016 is still a fair value at 31 March 2026.

5.

Stocks

31.3.26

31.3.25

£

£

Stocks and work in progress

21,328

222,871

6.

Debtors: amounts falling due within one year

31.3.26

31.3.25

£

£

Trade debtors

965,390

631,948

Amounts recoverable on contract

854,600

644,336

Other debtors

228,465

161,960

2,048,455

1,438,244

7.

Creditors: amounts falling due within one year

31.3.26

31.3.25

£

£

Bank loans and overdrafts

156,141

49,421

Hire purchase contracts

32,849

32,948

Trade creditors

571,589

389,153

Taxation and social security

27,812

32,248

Other creditors

22,946

15,775

811,337

519,545

8.

Creditors: amounts falling due after more than one year

31.3.26

31.3.25

£

£

Hire purchase contracts

77,038

33,833

9.	Secured debts

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Hire purchase contracts

109,887

66,781

10.

Reserves

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2025

1,391,659

285,856

1,677,515

Profit for the year

105,484

105,484

At 31 March 2026

1,497,143

285,856

1,782,999

11.	Other financial commitments

The property is held on a leasehold basis under a 99 year lease partly dating from 1978 and partly dating from 1985. The ground rent payable is £22,500 per annum.

12.	Related party disclosures

During the year Dollcast Limited rented a factory unit from the Dollcast Limited Retirement Benefits Scheme for Directors at £3,708 per annum. At the 31st March 2026 there were no amounts outstanding.

During the year Dollcast Limited carried out maintenance work for Dollcast Limited Retirement Benefits Scheme for Directors to the value of £39,000. At the 31st March 2026 there were no amounts outstanding. The work was charged at a commercial rate.

Mrs J A Howells and Mr M J Howells who are directors and shareholders of Dollcast Limited are also active service members and Trustees of the Dollcast Limited Retirement Benefits Scheme for Directors. Mrs J A Howard is a director of Dollcast Limited and an active service member and Trustee of the Dollcast Limited Retirement Benefits Scheme for Directors.

13.	Ultimate controlling party

The controlling party is Mr M J Howells.