Hygiene Supplies Direct Limited Company accounts

COMPANY REGISTRATION NUMBER: 04350856

Hygiene Supplies Direct Limited

Financial Statements

31 January 2026

Hygiene Supplies Direct Limited

Financial Statements

Year Ended 31 January 2026

Contents	Pages

Strategic report	1 to 2

Directors' report	3 to 4

Independent auditor's report to the members	5 to 8

Statement of income and retained earnings	9

Statement of financial position	10 to 11

Statement of cash flows	12

Notes to the financial statements	13 to 19

Hygiene Supplies Direct Limited

Strategic Report

Year Ended 31 January 2026

The directors present their strategic report for the year ended 31st January 2026. Review of the business The company's principal activity of the company continued to be the supply and distribution of washroom and cleaning products, heating, cooling and other small household appliances. These are sold through a range of online retail platforms to both consumer and B2B (business to business) customers. The company delivered a resilient performance in a demanding market. The cost of living crisis continued to weigh on household budgets, and consumers stayed focused on essential, good value purchases. Turnover was lower than the prior year, reflecting these conditions. The company's range of practical, energy efficient household products is well matched to what customers want in this climate, and this continued to support demand. Close working relationships with our suppliers allowed us to keep offering high quality products at competitive prices. During the financial year, the company experienced periods of product unavailability across several key product lines, particularly during peak trading periods when customer demand was at its highest. Despite forward planning and agreed delivery schedules, certain suppliers were unable to fulfil orders within the required timescales, resulting in temporary stock shortages and lost sales opportunities. These difficulties were compounded by significant disruption to international shipping routes arising from ongoing geopolitical instability in the Middle East and attacks on commercial shipping routes in the Red Sea. Throughout 2025, major shipping operators continued to divert vessels away from the Suez Canal, resulting in extended transit times for goods imported from China and increased uncertainty surrounding scheduled deliveries. The combined effect of supplier delays, prolonged shipping times and reduced product availability adversely affected the company's ability to satisfy customer demand and contributed to the reduction in turnover during the year. The company continues to review procurement arrangements, supplier performance and stock planning to improve product availability and minimise future disruption. The gross profit margin was maintained, which shows disciplined pricing and purchasing. Gross profit moved in line with turnover. We chose to invest more in marketing and advertising to protect our market position and support future sales. This increased administrative expenses, so operating profit and profit after taxation were lower than last year, but the company remained firmly profitable. The balance sheet is stronger. Stock levels reduced, releasing cash, and balances with group undertakings reduced. Cash improved and net assets increased. During the year, the company invested significant management time in the development and modernisation of its internal financial reporting and management information systems, improving the quality, accuracy and accessibility of financial and operational data throughout the business. These enhancements have substantially strengthened the company's ability to evaluate product sales performance, monitor profitability, identify commercial opportunities and make more informed strategic and operational decisions. The improved systems also provide greater visibility of costs, margins, stock performance and sales trends, supporting more effective forward planning, forecasting and resource allocation. The benefits of this work are already being realised across all areas of the business, delivering meaningful improvements in operational efficiency, financial control and management decision making. The directors believe these developments provide a strong foundation for continued improvements in in profitability, operational performance and sustainable long term growth.

Principal risks and uncertainties

The directors review risks to the business at monthly management meetings and in regular informal discussions across the business. The principal risks and uncertainties are considered to be as follows:-

Competitive risk

We review our product ranges continuously so that customers receive quality, up to date products at the best possible price, and product development is an ongoing priority. Online marketplace fees are a significant proportion of turnover, and marketing and advertising costs have risen. We actively manage these costs to protect our margins and our competitive position. We are adding new sales channels to support the long-term growth of the business. Most of our sales are currently within the UK, and we are actively exploring opportunities to build sales relationships overseas.

Credit risk

In order to manage our risk in this area, credit checks are carried out on all potential credit customers, and existing companies are monitored for any changes in their position. Trade debtors increased during the year. This was mainly due to a change in the timing of receipts, with funds now released seven days after despatch rather than on despatch. This is a timing difference and does not reflect and decline in customer credit quality.

Liquidity risk

The directors manage cashflows monthly to ensure all obligations are met on time. The company requires no outside finance and has funded its own growth throughout its history, which gives it considerable financial strength and flexibility.

Currency risk

Many of our products are imported, so the company is exposed to exchange rate movements. We manage this by working with Foreign Exchange Brokers and making selective use of forward contracts.

Key performance indicators

Turnover decreased 2.75% to £10,955,985 (2025 £11,257,302). Gross profit amounted to £3,725,462 (2025 £3,801,560) at a gross profit margin of 34.0% (2025 33.8%). Operating profit amounted to £463,575 (2025 £625,338). Net assets at 31st January 2026 were £2,424,749 (2025 £2,178,876).

Future developments

The year ahead offers clear opportunities. The company will continue to improve operational efficiency, expand and enhance its product ranges, and pursue new markets and customer segments. We will also build on our sustainability initiatives, including environmentally friendly sourcing and reduce packaging waste. Economic conditions are expected to remain uncertain, but the company enters the new year in a strong position. Its solid financial foundation, diversified product portfolio, and experienced management team give the directors confidence in its ability to deliver consistent performance and long term growth.

This report was approved by the board of directors on 30 October 2026 and signed on behalf of the board by:

G A Newton

Director

Registered office:

Ground Floor

Tayson House

Methley Road

Castleford

West Yorkshire

WF10 1PA

Hygiene Supplies Direct Limited

Directors' Report

Year Ended 31 January 2026

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

Directors

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

G A Newton
S A Day
M Tempest
A Catton
O Catton
S Newton
A Garnett

Dividends

Particulars of recommended dividends are detailed in note 11 to the financial statements.

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; - 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.

This report was approved by the board of directors on 30 October 2026 and signed on behalf of the board by:

G A Newton

Director

Registered office:

Ground Floor

Tayson House

Methley Road

Castleford

West Yorkshire

WF10 1PA

Hygiene Supplies Direct Limited

Independent Auditor's Report to the Members of Hygiene Supplies Direct Limited

Year Ended 31 January 2026

Opinion

We have audited the financial statements of Hygiene Supplies Direct Limited (the 'company') for the year ended 31 January 2026 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows 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 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 January 2026 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - 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 director is 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 have 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 in relation to which 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 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: - The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - We identified the laws and regulations applicable to the company through discussions with management; - We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including UK Companies legislation, tax legislation, employment legislation, environmental and health and safety legislation; - We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by; - Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; - Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and - 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. To address the risk of fraud through management bias and override of controls, we: - Performed analytical procedures to identify unusual or unexpected relationships; - Tested journal entries and other adjustments to identify unusual transactions; - Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; - Investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations; - Reading minutes of meetings of those charged with governance; - Enquiring of management as to actual or potential litigation claims; - Reviewing correspondence with HMRC, and the company's legal advisors. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we become aware of it. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. 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 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.

Michael Flanagan

(Senior Statutory Auditor)

For and on behalf of

Holmes Beaumont & Holroyd Limited

Chartered Accountants & statutory auditor

15 Ropergate End

Pontefract

West Yorkshire

WF8 1JT

30 October 2026

Hygiene Supplies Direct Limited

Statement of Income and Retained Earnings

Year Ended 31 January 2026

		2026	2025
Note		£	£
Turnover	4	10,955,985	11,257,302

Cost of sales	( 7,230,523)	( 7,455,742)
	-------------	-------------
Gross profit	3,725,462	3,801,560

Administrative expenses		( 3,261,887)	( 3,190,563)
		------------	------------
Operating profit	5	463,575	610,997

Other interest receivable and similar income	9	–	14,341
		------------	------------
Profit before taxation		463,575	625,338

Tax on profit	10	( 117,702)	( 156,911)
		---------	---------
Profit for the financial year and total comprehensive income		345,873	468,427
		---------	---------

Dividends paid and payable	11	( 100,000)	( 150,000)

Retained earnings at the start of the year	2,178,776	1,860,349
	------------	------------
Retained earnings at the end of the year	2,424,649	2,178,776
	------------	------------

All the activities of the company are from continuing operations.

Hygiene Supplies Direct Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£

Fixed assets

Intangible assets	12	12,969	13,003
Tangible assets	13	53,556	56,685
		--------	--------
		66,525	69,688

Current assets

Stocks	14	3,031,699	3,651,382
Debtors	15	807,819	717,103
Cash at bank and in hand		511,654	269,900
		------------	------------
		4,351,172	4,638,385

Creditors: amounts falling due within one year	16	( 1,979,559)		( 2,515,056)
		------------		------------
Net current assets			2,371,613	2,123,329
			------------	------------
Total assets less current liabilities			2,438,138	2,193,017

Provisions

Taxation including deferred tax	17	( 13,389)	( 14,141)
		------------	------------
Net assets		2,424,749	2,178,876
		------------	------------

Hygiene Supplies Direct Limited

Statement of Financial Position (continued)

31 January 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	20	100	100
Profit and loss account	21	2,424,649	2,178,776
		------------	------------
Shareholders funds		2,424,749	2,178,876
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 30 October 2026 , and are signed on behalf of the board by:

G A Newton

Director

Company registration number: 04350856

Hygiene Supplies Direct Limited

Statement of Cash Flows

Year Ended 31 January 2026

	2026	2025
	£	£

Cash flows from operating activities

Profit for the financial year	345,873	468,427

Adjustments for:
Depreciation of tangible assets	10,715	11,222
Amortisation of intangible assets	4,949	4,657
Other interest receivable and similar income	–	( 14,341)
Loss on disposal of tangible assets	572	1,876
Tax on profit	117,702	156,911
Accrued expenses/(income)	21,273	( 135,996)

Changes in:
Stocks	619,683	206,338
Trade and other debtors	( 90,716)	301,560
Trade and other creditors	( 160,978)	( 269,331)
	---------	---------
Cash generated from operations	869,073	731,323

Interest received	–	14,341
Tax paid	( 89,205)	( 212,300)
	---------	---------
Net cash from operating activities	779,868	533,364
	---------	---------

Cash flows from investing activities

Purchase of tangible assets	( 8,950)	( 8,655)
Proceeds from sale of tangible assets	792	–
Purchase of intangible assets	( 4,915)	( 1,195)
	---------	---------
Net cash used in investing activities	( 13,073)	( 9,850)
	---------	---------

Cash flows from financing activities

Proceeds from borrowings	( 5,909)	4,280
Proceeds from loans from group undertakings	( 419,132)	( 348,043)
Dividends paid	( 100,000)	( 150,000)
	---------	---------
Net cash used in financing activities	( 525,041)	( 493,763)
	---------	---------

Net increase in cash and cash equivalents	241,754	29,751
Cash and cash equivalents at beginning of year	269,900	240,149
	---------	---------
Cash and cash equivalents at end of year	511,654	269,900
	---------	---------

Hygiene Supplies Direct Limited

Notes to the Financial Statements

Year Ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, Tayson House, Methley Road, Castleford, West Yorkshire, WF10 1PA.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Revenue in respect of turnover is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Income tax

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised.

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 the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Patents, trademarks and licences are stated at cost.

Amortisation

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

	Patents, trademarks and licences	-	10% straight line

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

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Fixtures and fittings	-	15% reducing balance
Computer equipment	-	20% reducing balance

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost. The company holds the following financial assets and liabilities: Cash Short-term trade and other debtors and creditors Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.

4. Turnover

Turnover arises from:

	2026	2025
	£	£
Sale of goods	10,955,985	11,257,302
	-------------	-------------

The turnover is attributable to the one principal activity of the company. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2026	2025
	£	£
United Kingdom	10,941,040	11,195,582
Overseas sales	14,945	61,720
	-------------	-------------
	10,955,985	11,257,302
	-------------	-------------

5. Operating profit

Operating profit or loss is stated after charging:

	2026	2025
	£	£
Amortisation of intangible assets	4,949	4,657
Depreciation of tangible assets	10,715	11,222
Loss on disposal of tangible assets	572	1,876
Impairment of trade debtors	416	865
Foreign exchange differences	539	471
	--------	--------

6. Auditor's remuneration

	2026	2025
	£	£
Fees payable for the audit of the financial statements	12,000	12,000
	--------	--------

7. Staff costs

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

	2026	2025
	No.	No.
Distribution staff	13	14
Administrative staff	19	20
Management staff	8	8
	--------	--------
	40	42
	--------	--------

The aggregate payroll costs incurred during the year, relating to the above, were:

	2026	2025
	£	£
Wages and salaries	848,891	857,840
Social security costs	94,355	82,867
Other pension costs	26,649	25,047
	---------	---------
	969,895	965,754
	---------	---------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2026	2025
	£	£
Remuneration	473,000	473,000
	---------	---------

Remuneration of the highest paid director in respect of qualifying services:

	2026	2025
	£	£
Aggregate remuneration	80,000	80,000
	--------	--------

9. Other interest receivable and similar income

	2026	2025
	£	£
Other interest receivable and similar income	–	14,341
	--------	--------

10. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	118,454	158,052

Deferred tax:

Origination and reversal of timing differences	( 752)	( 1,141)
	---------	---------
Tax on profit	117,702	156,911
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2025: higher than) the standard rate of corporation tax in the UK of 25 % (2025: 25 %).

	2026	2025
	£	£
Profit on ordinary activities before taxation	463,575	625,338
	---------	---------
Profit on ordinary activities by rate of tax	115,895	156,334
Effect of expenses not deductible for tax purposes	1,943	607
Effect of capital allowances and depreciation	( 136)	( 30)
	---------	---------
Tax on profit	117,702	156,911
	---------	---------

11. Dividends

	2026	2025
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	100,000	150,000
	---------	---------

12. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 February 2025	46,474
Additions	4,915
	--------
At 31 January 2026	51,389
	--------
Amortisation
At 1 February 2025	33,471
Charge for the year	4,949
	--------
At 31 January 2026	38,420
	--------
Carrying amount
At 31 January 2026	12,969
	--------
At 31 January 2025	13,003
	--------

13. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 February 2025	103,775	42,103	145,878
Additions	5,230	3,720	8,950
Disposals	–	( 3,080)	( 3,080)
	---------	--------	---------
At 31 January 2026	109,005	42,743	151,748
	---------	--------	---------
Depreciation
At 1 February 2025	63,014	26,179	89,193
Charge for the year	6,914	3,801	10,715
Disposals	–	( 1,716)	( 1,716)
	---------	--------	---------
At 31 January 2026	69,928	28,264	98,192
	---------	--------	---------
Carrying amount
At 31 January 2026	39,077	14,479	53,556
	---------	--------	---------
At 31 January 2025	40,761	15,924	56,685
	---------	--------	---------

14. Stocks

	2026	2025
	£	£
Finished goods and goods for resale	3,031,699	3,651,382
	------------	------------

15. Debtors

	2026	2025
	£	£
Trade debtors	577,386	525,870
Prepayments and accrued income	230,433	191,233
	---------	---------
	807,819	717,103
	---------	---------

16. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	761,689	901,254
Amounts owed to group undertakings	597,163	1,016,295
Accruals and deferred income	371,972	350,699
Corporation tax	86,777	57,528
Social security and other taxes	159,627	181,040
Director loan accounts	554	6,463
Other creditors	1,777	1,777
	------------	------------
	1,979,559	2,515,056
	------------	------------

17. Provisions

	Deferred tax (note 18)
	£
At 1 February 2025	14,141
Charge against provision	( 752)
	--------
At 31 January 2026	13,389
	--------

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 17)	13,389	14,141
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	13,389	14,141
	--------	--------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 26,649 (2025: £ 25,047 ).

20. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary A shares of £ 1 each	70	70	70	70
Ordinary B shares of £ 1 each	30	30	30	30
	--------	--------	--------	--------
	100	100	100	100
	--------	--------	--------	--------

21. Reserves

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

22. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	120,696	117,968
Later than 1 year and not later than 5 years	344,743	310,030
Later than 5 years	–	33,699
	---------	---------
	465,439	461,697
	---------	---------

23. Directors' advances, credits and guarantees

No advances were made to any director of the company during the year and no amounts in respect of advances to directors were outstanding at the year end. The company has not provided any guarantees on behalf of its directors during the year.

24. Controlling party

The company is a wholly owned subsidiary of Newton Holdings Yorkshire Limited.