Douglas Electronic Industries Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00407703 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2026

for

DOUGLAS ELECTRONIC INDUSTRIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mr P Bailey

Mr A D Crate

Miss C G Merriman

Registered office:

Unit 12

Thames Street

Louth

Lincolnshire

LN11 7AD

Registered number:

00407703 (England and Wales)

Accountants:

Haines Watts

23 Algitha Road

Skegness

United Kingdom

PE25 2AG

Fixed assets

Tangible assets

4

1,249,054

1,246,936

Current assets

Stocks

5

47,294

59,875

Debtors

6

57,964

75,110

Cash at bank and in hand

95,404

103,160

200,662

238,145

Creditors

Amounts falling due within one year

7

24,075

45,410

Net current assets

176,587

192,735

Total assets less current liabilities

1,425,641

1,439,671

Provisions for liabilities

1,245

843

Net assets

1,424,396

1,438,828

Capital and reserves

Called up share capital

48,125

Capital redemption reserve

8

51,875

Fair value reserve

8

242,187

Retained earnings

8

1,082,209

1,096,641

Shareholders' funds

1,424,396

1,438,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 22 October 2026 and were signed on its behalf by:

Mr A D Crate - Director

1.	Statutory information

Douglas Electronic Industries 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2025 - 6 ) .

4.	Tangible fixed assets

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

Cost or valuation

At 1 August 2025

1,242,500

46,971

2,065

1,291,536

Additions

-

3,400

-

3,400

Disposals

-

(14,575

)

-

(14,575

)

At 31 July 2026

1,242,500

35,796

2,065

1,280,361

Depreciation

At 1 August 2025

-

42,644

1,956

44,600

Charge for year

-

854

25

879

Eliminated on disposal

-

(14,172

)

-

(14,172

)

At 31 July 2026

-

29,326

1,981

31,307

Net book value

At 31 July 2026

1,242,500

6,470

84

1,249,054

At 31 July 2025

1,242,500

4,327

109

1,246,936

Cost or valuation at 31 July 2026 is represented by:

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

Valuation in 2020

671,127

-

671,127

Cost

571,373

35,796

2,065

609,234

1,242,500

35,796

2,065

1,280,361

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2026

2025

£

Cost

571,373

Freehold land and buildings were valued on an open market basis on 1 August 2019 by Hunters Turner Evans Stevens .

5.

Stocks

2026

2025

£

Stocks

42,844

54,775

Work-in-progress

4,450

5,100

47,294

59,875

6.

Debtors: amounts falling due within one year

2026

2025

£

Trade debtors

57,964

75,110

7.

Creditors: amounts falling due within one year

2026

2025

£

Trade creditors

14,095

32,851

Corporation tax

-

3,006

Social security and other taxes

2,463

1,158

VAT

4,724

4,797

Other creditors

2,793

3,598

24,075

45,410

8.

Reserves

Capital

Retained

redemption

Fair value

earnings

reserve

Totals

£

At 1 August 2025

1,096,641

51,875

242,187

1,390,703

Profit for the year

568

Dividends

(15,000

)

(15,000

)

At 31 July 2026

1,082,209

51,875

242,187

1,376,271