Registered number: 00384654
FOR THE YEAR ENDED 31 JANUARY 2026
DAYLA LIMITED
COMPANY INFORMATION
DAYLA LIMITED
CONTENTS
DAYLA LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The directors present the strategic report for the Company for the year ended 31st January 2026.
The principal activity of the business continued to be the factoring of beers, wines, spirits, ciders, soft drinks and snacks supplying predominantly the Licenced On-Trade Sector within the Hospitality Industry.
We aim to provide a comprehensive and balanced view of our business performance during the year and its position at the year end but consistent with the size and uncomplex nature thereof.
Turnover for the year ending 31st January 2026 grew by 5.0% with a Gross Margin increase from 22.1% (2025) to 23.1% (2026). As in previous years this was due not only to better buying and the development of strategic partnerships with key suppliers but achieving a more profitable product mix. London growth has continued and future opportunities have been clearly identified and are being targeted.
Growth in Craft Beer, World Beer, Wines and Spirits and an overall target of winning a bigger share of supply within its customers base has been and continues to be the Company`s main focus. Future development will centre around DAYLA becoming the Primary Supplier as much as possible and as contracts permit. Improvement in service levels has been constant, and this continues to be key in winning new contracts and maintaining existing business. Service Bar None is the Company`s strapline and being prepared to go the extra mile is our ongoing mission. Our FAMILY Ethos is key to all of this.
Our second fully fledged distribution centre serving London has proved highly successful and has reached capacity quicker than forecasted largely thanks to the establishment of a dedicated Sales Team to exploit this larger trading area across all drink categories.
Our VIMTO Post Mix Soft Drinks franchise continues to show good results and expansion of its trading area is now taking shape.
Last year the Company identified the need to invest further in its own in-house IT department, in order to give it a competitive edge, and this has happened alongside the future development of online ordering platforms. New efficient routing technology is also being developed. Stock Management and Credit Control continue to be main focus areas for the business.
Today the Company sees itself as THE Leading Family-Owned Drinks Distributor in England & Wales. Its relationships with all key suppliers continue to go from strength to strength developing true flourishing partnerships.
As part of the Directors` 5 year plan, the number one priority identified was finding and securing a Super Depot in order to consolidate all operations across the Home Counties and London. Due to both opportunity and availability this has been brought forward ahead of existing leases being completed. This now enables the business to embark on a 2 to 3 year investment programme preparing it for growth thanks to its strong balance sheet and developed cash reserves. This will see a dip in future operating profits as it completes these investments and existing leases expire. The new site of 112,000 square feet will bring greater efficiencies and scope for future growth and will incorporate investment in WMS (Warehouse Management Systems) and doubling existing storage capacity optimising the site`s capability. As ever, remaining loyal to its roots, the Company has secured this new location within a mile of all existing operations.
As a result of the planned early vacation of the existing leased premises, the Company has recognised an exceptional charge in respect of the resulting onerous lease and associated dilapidation obligations. This has affected the current year`s overall results which will also have an effect until 2028.
We aim to provide a comprehensive and balanced view of our business performance during the year and its position at the year end but consistent with the size and uncomplex nature thereof.
Turnover for the year ending 31st January 2026 grew by 5.0% with a Gross Margin increase from 22.1% (2025) to 23.1% (2026). As in previous years this was due not only to better buying and the development of strategic partnerships with key suppliers but achieving a more profitable product mix. London growth has continued and future opportunities have been clearly identified and are being targeted.
Growth in Craft Beer, World Beer, Wines and Spirits and an overall target of winning a bigger share of supply within its customers base has been and continues to be the Company`s main focus. Future development will centre around DAYLA becoming the Primary Supplier as much as possible and as contracts permit. Improvement in service levels has been constant, and this continues to be key in winning new contracts and maintaining existing business. Service Bar None is the Company`s strapline and being prepared to go the extra mile is our ongoing mission. Our FAMILY Ethos is key to all of this.
Our second fully fledged distribution centre serving London has proved highly successful and has reached capacity quicker than forecasted largely thanks to the establishment of a dedicated Sales Team to exploit this larger trading area across all drink categories.
Our VIMTO Post Mix Soft Drinks franchise continues to show good results and expansion of its trading area is now taking shape.
Last year the Company identified the need to invest further in its own in-house IT department, in order to give it a competitive edge, and this has happened alongside the future development of online ordering platforms. New efficient routing technology is also being developed. Stock Management and Credit Control continue to be main focus areas for the business.
Today the Company sees itself as THE Leading Family-Owned Drinks Distributor in England & Wales. Its relationships with all key suppliers continue to go from strength to strength developing true flourishing partnerships.
As part of the Directors` 5 year plan, the number one priority identified was finding and securing a Super Depot in order to consolidate all operations across the Home Counties and London. Due to both opportunity and availability this has been brought forward ahead of existing leases being completed. This now enables the business to embark on a 2 to 3 year investment programme preparing it for growth thanks to its strong balance sheet and developed cash reserves. This will see a dip in future operating profits as it completes these investments and existing leases expire. The new site of 112,000 square feet will bring greater efficiencies and scope for future growth and will incorporate investment in WMS (Warehouse Management Systems) and doubling existing storage capacity optimising the site`s capability. As ever, remaining loyal to its roots, the Company has secured this new location within a mile of all existing operations.
As a result of the planned early vacation of the existing leased premises, the Company has recognised an exceptional charge in respect of the resulting onerous lease and associated dilapidation obligations. This has affected the current year`s overall results which will also have an effect until 2028.
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DAYLA LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
Based on the strength of the balance sheet, its large cash reserves and ability to adapt quickly, the Directors are satisfied that the Company is in a strong position to face the challenges and uncertainty ahead.
The Company is exposed to a variety of commercial risks. These could range from the wider effects of the general economy and external competition to those more specific to the Company, such as its own financial strength and size. The Board regularly review these risks and their potential impact on the Company.
The key performance indicators which we consider to be relevant to the financial performance and strength of the Company are as follows:
Profit before tax has decreased in 2026 to £1,269,465 (2025: £1,605,566)
EBITDA decreased to £1,760,611 (2025: £2,131,545)
The Company has declared a dividend of £50,000 during the year (2025: £100,000).
The return on capital employed over the two years was as follows:
2026: 13.55%
2025: 12.84%
This is calculated as profit before interest, tax and exceptional costs (onerous lease costs), divided by capital employed (total assets less current liabilities excluding overdrafts and short term borrowings).
Profit before tax has decreased in 2026 to £1,269,465 (2025: £1,605,566)
EBITDA decreased to £1,760,611 (2025: £2,131,545)
The Company has declared a dividend of £50,000 during the year (2025: £100,000).
The return on capital employed over the two years was as follows:
2026: 13.55%
2025: 12.84%
This is calculated as profit before interest, tax and exceptional costs (onerous lease costs), divided by capital employed (total assets less current liabilities excluding overdrafts and short term borrowings).
The Directors of the Company consider that during the year ended 31 January 2026 they have acted in good faith to promote the success of the Company for the benefit of its shareholders, having consideration and regard for the Company’s stakeholders and the requirements set out in s172 of the Companies Act 2006. In particular, the directors have considered and acted upon the following matters in the planning and execution of the Company’s business strategy:
Engagement with Employees
The Directors recognise that the continued success of the Company depends on the commitment, skills and well-being of its employees. Regular engagement with employees is a key priority for the Board.
During the year, the Company maintained open lines of communication through a range of channels, including team meetings, internal newsletters, digital platforms and one-to-one discussions. Employees were kept informed of business developments, performance updates and strategic priorities.
We actively encourage feedback and suggestions from staff which help shape workplace initiatives and improve operational efficiency.
The health, safety and welfare of employees remain paramount, with enhanced measures implemented where appropriate to ensure a safe and supportive working environment.
We are incredibly proud of our strong family ties that have helped our business to become an extended family for the local community.
The directors recognise that employee wellbeing and development are critical to the long-term success of the business.
Engagement with Employees
The Directors recognise that the continued success of the Company depends on the commitment, skills and well-being of its employees. Regular engagement with employees is a key priority for the Board.
During the year, the Company maintained open lines of communication through a range of channels, including team meetings, internal newsletters, digital platforms and one-to-one discussions. Employees were kept informed of business developments, performance updates and strategic priorities.
We actively encourage feedback and suggestions from staff which help shape workplace initiatives and improve operational efficiency.
The health, safety and welfare of employees remain paramount, with enhanced measures implemented where appropriate to ensure a safe and supportive working environment.
We are incredibly proud of our strong family ties that have helped our business to become an extended family for the local community.
The directors recognise that employee wellbeing and development are critical to the long-term success of the business.
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DAYLA LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
Engagement with Customers and Suppliers
The Company maintains ongoing dialogue with customers and suppliers regarding sustainability practices, ensuring alignment on environmental expectations across the supply chain. No material changes to this approach occurred during FY26.
Community Engagement
As a business embedded in the local community, we take our social responsibilities seriously.
The Company recognises the importance of being a responsible corporate citizen and is committed to having a positive impact on the communities in which we operate. During the year, we continued to support local initiatives through charitable donations and sponsorship of community events.
The Company proudly supports several local organisations dedicated to healthcare and community welfare, extending its commitment beyond core environmental responsibilities..
Sports sponsorship is also very much at the heart of our business, and we support and sponsor a number of clubs and initiatives across our heartland. Alongside the sponsorship we also contribute towards many youth programs across the clubs.
The Company remains committed to fostering strong community relationships and contributing to social wellbeing.
The Company maintains ongoing dialogue with customers and suppliers regarding sustainability practices, ensuring alignment on environmental expectations across the supply chain. No material changes to this approach occurred during FY26.
Community Engagement
As a business embedded in the local community, we take our social responsibilities seriously.
The Company recognises the importance of being a responsible corporate citizen and is committed to having a positive impact on the communities in which we operate. During the year, we continued to support local initiatives through charitable donations and sponsorship of community events.
The Company proudly supports several local organisations dedicated to healthcare and community welfare, extending its commitment beyond core environmental responsibilities..
Sports sponsorship is also very much at the heart of our business, and we support and sponsor a number of clubs and initiatives across our heartland. Alongside the sponsorship we also contribute towards many youth programs across the clubs.
The Company remains committed to fostering strong community relationships and contributing to social wellbeing.
This report was approved by the board and signed on its behalf.
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DAYLA LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The directors present their report and the financial statements for the year ended 31 January 2026.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙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 to 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.
The profit for the year, after taxation, amounted to £948,237 (2025 - £1,203,928).
The directors have recommended a dividend of £50,000 during the year (2025 - £100,000).
The directors who served during the year were:
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DAYLA LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
The Company continues to see acquisition as the way forward as consolidation within the fiercely competitive marketplace takes shape. Equally the Company intends on looking at vertically integrated options within the On Trade Licensed sector.
Due to securing its new Regional Distribution Centre the Company sees potential for growth across its entire business as well as the opportunity to grow its geographical coverage.
Due to securing its new Regional Distribution Centre the Company sees potential for growth across its entire business as well as the opportunity to grow its geographical coverage.
Information relating to Companies Act 2006 requirements can be found within the strategic report.
The Company recognises its responsibility to minimise the environmental impact of its operations. Energy consumption, fleet fuel use, and associated carbon emissions are monitored on an annual basis to ensure transparency and to identify opportunities for improvement.
During FY26, the Company continued its commitment to environmental stewardship by maintaining monitoring systems across its electricity, gas and fleet fuel consumption and by exploring further opportunities to reduce carbon intensity per unit of turnover.
Key environmental initiatives in the year included:
During FY26, the Company continued its commitment to environmental stewardship by maintaining monitoring systems across its electricity, gas and fleet fuel consumption and by exploring further opportunities to reduce carbon intensity per unit of turnover.
Key environmental initiatives in the year included:
∙Investment in enhanced vehicle routing software to reduce fuel consumption and lower emissions and pollution levels.
∙Increased recycling of waste and packing materials.
∙Encouraging the use of public transport and shared travel to the workplace.
∙Reduction of warehouse energy usage through LED lighting and motion sensors.
The Company will continue to invest in environmentally responsible practices and monitor its performance against internal targets.
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DAYLA LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
Streamlined Energy and Carbon Reporting (SECR)
Turnover increased by 5.0% year on year, while total Scope 1 + 2 emissions increased by 3.5%, driven primarily by higher fleet diesel usage. As a result, the Company’s carbon intensity ratio improved slightly from 13.21 to 13.03 tCO2e per £M turnover, representing a 1.4% year-on-year improvement in carbon efficiency relative to business growth.
Energy Efficiency Actions
∙Ongoing monitoring of electricity, gas and fleet fuel consumption across all operational sites
∙Ongoing assessment of fleet fuel efficiency and route optimisation.
∙Staff training to improve energy awareness.
∙A commitment to move to a modern warehouse facility in the near future, with all operations on the one site.
The Company continues to evaluate further opportunities to enhance energy efficiency and reduce carbon emissions.
Methodology
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DAYLA LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
∙Emission factors are based on the UK Government GHG Conversion Factors for Company Reporting (2025).
∙Scope 1: Direct emissions from company-owned vehicles and gas
∙Scope 2: Indirect emissions from purchased electricity.
∙Scope 3: Not included in this report.
The auditor, Hillier Hopkins LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
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DAYLA LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DAYLA LIMITED
We have audited the financial statements of Dayla Limited (the 'Company') for the year ended 31 January 2026, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and the related notes, 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 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.
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DAYLA LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DAYLA LIMITED (CONTINUED)
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 contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
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 have been prepared in accordance with applicable legal requirements.
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.
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DAYLA LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DAYLA LIMITED (CONTINUED)
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:
∙the nature of the industry and sector, control environment and business performance including the remuneration incentives and pressures of key management;
∙the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management. We consider the results of our enquiries of management, about their own identification and assessment of the risks of irregularities;
∙any matters we identified having obtained and reviewed the Company’s documentation of their policies and procedures relating to:
°identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;
°detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
°the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
∙the matters discussed among the audit engagement team, regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and relevant tax legislation..
We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and relevant tax legislation..
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DAYLA LIMITED
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DAYLA LIMITED (CONTINUED)
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's 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.
for and on behalf of
Chartered Accountants
Statutory Auditor
249 Silbury Boulevard
Buckinghamshire
MK9 1NA
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DAYLA LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 JANUARY 2026
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DAYLA LIMITED
REGISTERED NUMBER: 00384654
STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2026
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 14 to 30 form part of these financial statements.
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Dayla Limited is a private company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Unit 2, 50 Aylesbury Road, Aston Clinton, Aylesbury, Buckinghamshire, HP22 5AH.
The principal activity of the Company is factoring of beers, spirits, wines, ciders and soft drinks.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
The principal activity of the Company is factoring of beers, spirits, wines, ciders and soft drinks.
The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £.
2.Accounting policies
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 (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.41(b), 11.41(c), 11.41(e), 11.41(f), 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of Dayla Holdings Limited as at 31 January 2026 and these financial statements may be obtained from Unit 2, 50 Aylesbury Road, Aston Clinton, Aylesbury, Buckinghamshire, HP22 5AH.
The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for a period of at least 12 months following the approval of these financial statements. The Directors are of the opinion that the Company can meet its liabilities as they fall due.
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
Page 15
DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
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:
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.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
Financial instruments are recognised in the Company's Statement of Financial Position 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.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
Derecognition of financial instruments
Derecognition of financial assets
Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Debtors:
The recoverability of debtors has been assessed at the year end and up until the date of signing these financial statements. Management have based the decision to provide for any amounts based on their judgement of all the available information, and their experience of the specific nature of the debtor in question.
Depreciation:
The directors have reviewed the asset lives and associated residual values of all fixed asset classes, and have concluded that asset lives and residual values are appropriate.
Stock:
Stock is included as per the accounting policy set out above. Management have assessed the need to write off or provide against any specific items based on the levels held at year end, and the expected sales of such items in the immediate period post year end.
Provisions
The Company has recognised provisions in respect of onerous lease commitments and estimated dilapidation costs relating to leased properties that are expected to be vacated before the expiry of the relevant lease terms. The measurement of these provisions requires management to make estimates regarding the period over which costs will be incurred, future obligations arising under lease agreements, and the expected costs of reinstating properties to the condition required by the landlords.
The whole of the turnover is attributable to the principal activity of the Company.
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
There were no factors that may affect future tax charges.
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 27
DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
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Page 28
DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
The holders of the Preference Shares treated as debt have no right to attend meetings or to vote unless their dividend is 12 months in arrears. The Preference Shares are preferential with regard to payment of dividends and repayment of capital in the event of winding up.
Other reserves
Profit and loss account
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £265,527 (2025: £221,578). Contributions totalling £nil (2025: £nil) were payable to the fund at the balance sheet date and are included in creditors.
Page 29
DAYLA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
The immediate and ultimate parent undertaking is Dayla Holdings Limited. The ultimate controlling party is T J Cooper by virtue of his majority shareholding in Dayla Holdings Limited.
Page 30