ACCOUNTS - Final Accounts preparation

Registered number: 06651195

D W LUSTED LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2026

D W LUSTED LIMITED

REGISTERED NUMBER: 06651195

BALANCE SHEET

AS AT 31 JANUARY 2026

		2026		2025
Note		£		£

Fixed assets
Tangible assets	6		330,458		411,558
			330,458		411,558
Current assets
Debtors: amounts falling due within one year	7	347,527		240,476
Cash at bank and in hand	8	182,852		108,406
		530,379		348,882
Creditors: amounts falling due within one year	9	(430,982)		(450,570)
Net current assets/(liabilities)			99,397		(101,688)
Total assets less current liabilities			429,855		309,870
Creditors: amounts falling due after more than one year	10		(381,461)		(323,696)
Provisions for liabilities
Deferred tax	13	(44,867)		(61,672)
			(44,867)		(61,672)
Net assets/(liabilities)			3,527		(75,498)

Capital and reserves
Called up share capital	100	100
Profit and loss account	3,427	(75,598)
	3,527	(75,498)

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D W LUSTED LIMITED

REGISTERED NUMBER: 06651195

BALANCE SHEET (CONTINUED)

AS AT 31 JANUARY 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P A Lusted

Director

Date: 2 October 2026

The notes on pages 4 to 12 form part of these financial statements.

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D W LUSTED LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2026

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 February 2024	100	1,097	1,197

Profit for the year	-	144,064	144,064
Dividends: Equity capital	-	(220,759)	(220,759)

At 1 February 2025	100	(75,598)	(75,498)

Profit for the year	-	132,025	132,025
Dividends: Equity capital	-	(53,000)	(53,000)
At 31 January 2026	100	3,427	3,527

The notes on pages 4 to 12 form part of these financial statements.

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D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

1.	General information

D W Lusted Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Vyners Estate Mill Lane, Tidmarsh, Berkshire, England, RG8 8EB.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on the going concern basis as the directtors expect the company to continue to trade for at least the next 12 months.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

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D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.7

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 charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Property improvements	-	5%	straight line basis
Plant and machinery	-	25%	straight line basis
Motor vehicles	-	25%	straight line basis
Fixtures and fittings	-	25%	straight line basis
Computer equipment	-	25%	straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

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.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term 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.

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D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

2.Accounting policies (continued)

2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2026	2025
	No.	No.

Employees	10	10

4.	Taxation

		2026	2025
		£	£

Corporation tax
Current tax on profits for the year	70,017	45,627
Adjustments in respect of previous periods	(382)	-
	69,635	45,627

Total current tax	69,635	45,627

Deferred tax
Origination and reversal of timing differences	(16,805)	7,878
Total deferred tax	(16,805)	7,878


		52,830	53,505

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D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

4.Taxation (continued)

	Factors affecting tax charge for the year
	There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 25% (2025 - 25%).

Factors that may affect future tax charges

Enter details here

5.	Intangible assets

		Goodwill
		£

	At 1 February 2025	75,812
	At 31 January 2026	75,812

	At 1 February 2025	75,812
	At 31 January 2026	75,812
	Net book value
	At 31 January 2026	-
	At 31 January 2025	-

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		D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

Tangible fixed assets

	Property Improve-ments	Plant and machinery	Motor vehicles	Fixtures and fittings	Office equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 February 2025	154,899	504,959	551,830	7,220	8,532	1,227,440
Additions	-	69,047	-	-	-	69,047
Disposals	-	(33,614)	-	-	-	(33,614)
At 31 January 2026	154,899	540,392	551,830	7,220	8,532	1,262,873
Depreciation
At 1 February 2025	7,745	359,973	438,589	5,605	3,970	815,882
Charge for the year on owned assets	7,745	61,246	71,900	625	1,969	143,485
Disposals	-	(26,952)	-	-	-	(26,952)
At 31 January 2026	15,490	394,267	510,489	6,230	5,939	932,415
Net book value
At 31 January 2026	139,409	146,125	41,341	990	2,593	330,458
At 31 January 2025	147,154	144,986	113,241	1,615	4,562	411,558

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D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Debtors

					2026	2025
					£	£


Trade debtors	66,036	83,724
Other debtors	229,764	81,160
Prepayments and accrued income	51,727	75,592
	347,527	240,476

8.	Cash and cash equivalents
		2026	2025
		£	£

	Cash at bank and in hand	182,852	108,406

9.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other loans	76,416	87,839
Trade creditors	35,704	49,601
Corporation tax	107,342	110,484
Other taxation and social security	74,071	51,034
Obligations under finance lease and hire purchase contracts	121,554	134,100
Other creditors	13,585	15,096
Accruals and deferred income	2,310	2,416
	430,982	450,570

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D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

10.	Creditors: Amounts falling due after more than one year
		2026	2025
		£	£

Other loans	141,425	-
Net obligations under finance leases and hire purchase contracts	240,036	323,696
	381,461	323,696

The following liabilities were secured:
	2026	2025
	£	£


Other loans	205,564	-
	205,564	-

Details of security provided:

The loan is secured by a debenture creating fixed and floating charges over the assets of the Company.

At the balance sheet date, the amount outstanding under the secured loan was £205,564 (2025: £nil). The security remains in place until the loan is repaid in full.

11.	Loans
	Analysis of the maturity of loans is given below:
		2026	2025
		£	£

Amounts falling due within one year
Other loans	76,416	87,839
Amounts falling due 1-2 years
Other loans	141,425	-
	217,841	87,839

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D W LUSTED LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

12.	Hire purchase and finance leases
	Minimum lease payments under hire purchase fall due as follows:
		2026	2025
		£	£

Within one year	93,525	134,100
Between 1-5 years	258,013	323,697
	351,538	457,797

13.	Deferred taxation

		2026
		£

	At beginning of year	(61,672)
	Charged to profit or loss	16,805
	At end of year	(44,867)

					2026	2025
					£	£

	Accelerated capital allowances	(44,867)	(61,672)
		(44,867)	(61,672)

14.	Related party transactions
	Rent of £72,000 (2025 - £71,500) was paid to the directors during the year.

Page 12