Registered number: 07780601
FOR THE YEAR ENDED 31 JANUARY 2026
COMPANY INFORMATION
CONTENTS
STRATEGIC REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The principal activity of the company continues to be the sale of home and garden products to residential and business customers, predominantly through online retail channels.
The financial year ended 31 January 2026 covers a 12-month accounting period, consistent with the comparative year ended 31 January 2025.
During the year, the company generated turnover of £10,853,360 (2025: £10,982,445), a reduction of approximately 1.2%. Despite the modest decline in revenue, the company improved its gross profit and profitability, reflecting an improvement in gross margin and continued focus on trading efficiency.
Key financial results for the year were:
• Gross profit: £4,018,175 (2025: £3,575,121).
• Operating profit: £2,027,894 (2025: £2,190,833).
• Profit before tax: £2,425,126 (2025: £2,420,312).
• Profit after tax: £1,819,179 (2025: £1,815,083).
Gross margin increased to approximately 37.0% (2025: 32.6%), while operating profit remained strong. Net current assets at the year end were £7,015,000 (2025: £14,820,154), and the company held cash at bank and in hand of £2,707,656 (2025: £4,787,077). Net assets were £7,219,531 (2025: £15,036,879), following dividend distributions of £9,636,538 during the financial year.
During the year, the company generated turnover of £10,853,360 (2025: £10,982,445), a reduction of approximately 1.2%. Despite the modest decline in revenue, the company improved its gross profit and profitability, reflecting an improvement in gross margin and continued focus on trading efficiency.
Key financial results for the year were:
• Gross profit: £4,018,175 (2025: £3,575,121).
• Operating profit: £2,027,894 (2025: £2,190,833).
• Profit before tax: £2,425,126 (2025: £2,420,312).
• Profit after tax: £1,819,179 (2025: £1,815,083).
Gross margin increased to approximately 37.0% (2025: 32.6%), while operating profit remained strong. Net current assets at the year end were £7,015,000 (2025: £14,820,154), and the company held cash at bank and in hand of £2,707,656 (2025: £4,787,077). Net assets were £7,219,531 (2025: £15,036,879), following dividend distributions of £9,636,538 during the financial year.
The director considers the following matters to be the principal risks that could materially and adversely affect the company’s future financial position:
Consumer spending trends
Inflation, interest rates and changes in household purchasing power may affect demand for discretionary home and garden products.
Marketplace dependency
A significant proportion of revenue is generated through third-party online marketplaces. Changes to marketplace fees, policies, algorithms, product requirements or seller performance standards could affect sales and profitability.
Seasonality and climate volatility
Demand for seasonal product ranges is sensitive to weather conditions. Unseasonal weather may lead to reduced sales, surplus inventories and pressure on margins.
Consumer spending trends
Inflation, interest rates and changes in household purchasing power may affect demand for discretionary home and garden products.
Marketplace dependency
A significant proportion of revenue is generated through third-party online marketplaces. Changes to marketplace fees, policies, algorithms, product requirements or seller performance standards could affect sales and profitability.
Seasonality and climate volatility
Demand for seasonal product ranges is sensitive to weather conditions. Unseasonal weather may lead to reduced sales, surplus inventories and pressure on margins.
Supply chain and cost pressures
International freight costs, supplier lead times, customs processes and fulfilment expenses may affect product availability, pricing and profitability.
Regulatory and cross-border trade requirements
Product safety, labelling, environmental obligations and differing UK and EU requirements can increase compliance costs and complexity, particularly when developing cross-border sales.
International freight costs, supplier lead times, customs processes and fulfilment expenses may affect product availability, pricing and profitability.
Regulatory and cross-border trade requirements
Product safety, labelling, environmental obligations and differing UK and EU requirements can increase compliance costs and complexity, particularly when developing cross-border sales.
The director monitors turnover, gross margin, operating profitability and liquidity. Turnover reduced by 1.2% year on year, while gross profit increased by 12.4% and operating profit decreased by 7.4%. Profit before tax increased by 0.2%. The company remained profitable and had positive net current assets at the reporting date.
Page 1
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
The business also monitors sales performance across online channels, stock availability and turnover, fulfilment efficiency and customer service standards. These operational measures support decisions on product selection, purchasing and inventory management.
Future developments
The company intends to continue developing its range of competitively priced home and garden products, with an emphasis on value, quality and customer demand. It will seek opportunities to diversify sales channels, improve stock forecasting and inventory efficiency, and reduce reliance on individual marketplaces.
The company also intends to continue investing in the use of technology and process improvements to support stock control, customer experience, marketing and supply chain planning. Product compliance and packaging considerations will remain part of its development and sourcing processes.
The company intends to continue developing its range of competitively priced home and garden products, with an emphasis on value, quality and customer demand. It will seek opportunities to diversify sales channels, improve stock forecasting and inventory efficiency, and reduce reliance on individual marketplaces.
The company also intends to continue investing in the use of technology and process improvements to support stock control, customer experience, marketing and supply chain planning. Product compliance and packaging considerations will remain part of its development and sourcing processes.
This report was approved by the board on 30 October 2026 and signed on its behalf.
Page 2
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
The director presents her report and the financial statements for the year ended 31 January 2026.
The profit for the year, after taxation, amounted to £1,819,179 (2025 - £1,815,083).
The director who served during the year was:
The auditors, Menzies LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
This report was approved by the board on 30 October 2026 and signed on its behalf.
Page 3
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2026
The director is responsible for preparing the Strategic report, the Director's report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the director is required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements 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 director is 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 him to ensure that the financial statements comply with the Companies Act 2006. He is 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.
Page 4
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSUMABLE DIRECT LIMITED
We have audited the financial statements of Consumable Direct Limited (the 'Company') for the year ended 31 January 2026, which comprise the Income statement, the Statement of comprehensive income, the Statement of financial position, the Statement of cash flows, the Statement of changes in equity 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 director's 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 director with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The director is 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.
Page 5
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSUMABLE DIRECT LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic report and the Director's report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic report and the Director's 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 Director's report.
Page 6
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSUMABLE DIRECT 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 Auditors' 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 oar opinion.
In identifying and addressing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
• We obtained an understanding of laws and regulations that affect the Company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the Companies Act 2006 and tax legislation.
• We enquired of the Directors for evidence of non-compliance with relevant laws and regulations.
• We enquired of the Directors about any incidences of fraud that had taken place during the accounting period.
• The risk of fraud and non-compliance With laws and regulations was discussed within the audit team and tests were planned and performed to address these risks.
• We enquired of the Directors about actual and potential litigation and claims
• We performed analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud.
• In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.
Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override Of internal controls. We are not responsible for preventing fraud or non-compliance with laws and regulations and cannot be expected to detect all fraud and non-compliance With laws and regulations.
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 Auditors' report.
Page 7
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CONSUMABLE DIRECT LIMITED (CONTINUED)
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 Auditors' 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
One Express
1 George Leigh Street
M4 5DL
Page 8
INCOME STATEMENT
FOR THE YEAR ENDED 31 JANUARY 2026
Page 9
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 JANUARY 2026
Page 10
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 on 30 October 2026 .
The notes on pages 15 to 28 form part of these financial statements.
Page 11
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2026
Page 12
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2025
Page 13
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 14
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
78 Cawdor Street
Eccles
Manchester
M30 0QF
The address of its registered office is:
78 Cawdor Street
Eccles
Manchester
M30 0QF
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 financial statements are prepared in sterling, which is the functional currency of the entity.
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:
At the time of approving the financial statements the director has a reasonable expectation that the company has adequate cash resources to continue in operational existence for the foreseeable future, meeting all liabilities as they fall due for payment. Thus the director continues to adopt the going concern basis of accounting in preparing the financial Statements.
Functional and presentation currency
Transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Page 15
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
The company operates an online only shop and sales are recognised when the order is placed and payment made. Returns are processed and recognised when the goods are returned to the company.
The company also acts as a wholesaler and makes sales to the retail sector With sales recognised on raising a sales invoice when the goods are shipped.
Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Page 16
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, on a reducing balance basis.
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.
Page 17
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Page 18
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
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 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.
Impairment of financial assets
Page 19
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
2.Accounting policies (continued)
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts Of assets and liabilities within the next financial year are as follows:
• Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
• Recoverability Of trade debtors. A specific provision is made against certain debts where in the opinion of the directors the debt is not considered to be fully recoverable.
• Determination of whether a provision against stock is considered necessary.
• Determination of whether a provision against warranty returns is considered necessary
Page 20
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Analysis of turnover by country of destination:
Page 21
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 22
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 23
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
11.Taxation (continued)
Page 24
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
|||||
|
|
Page 25
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 26
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
During the year 11 A Ordinary shares were issued at par.
The company operates a defined contribution scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £266,623 (2025: £9,376).
Contributions totalling £1,843 (2025: £1,746) were payable to the scheme at the end of the year and are included in creditors.
Contributions totalling £1,843 (2025: £1,746) were payable to the scheme at the end of the year and are included in creditors.
Page 27
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
Page 28