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Company Registration No. 08454046 (England and Wales)
Dowsing & Reynolds Limited Unaudited accounts for the year ended 31 March 2023
Dowsing & Reynolds Limited Unaudited accounts Contents
Page
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Dowsing & Reynolds Limited Company Information for the year ended 31 March 2023
Directors
J Dowsing-Reynolds A C Dowsing-Reynolds
Company Number
08454046 (England and Wales)
Registered Office
Unit 7, Hunslet Trading Estate Severn Road Leeds West Yorkshire LS10 1BL United Kingdom
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Dowsing & Reynolds Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,867 
4,667 
Tangible assets
608,653 
595,012 
610,520 
599,679 
Current assets
Inventories
1,577,739 
2,098,060 
Debtors
77,761 
220,921 
Cash at bank and in hand
385,674 
238,234 
2,041,174 
2,557,215 
Creditors: amounts falling due within one year
(845,338)
(1,182,424)
Net current assets
1,195,836 
1,374,791 
Total assets less current liabilities
1,806,356 
1,974,470 
Creditors: amounts falling due after more than one year
(587,606)
(627,369)
Provisions for liabilities
Deferred tax
(115,644)
(103,475)
Net assets
1,103,106 
1,243,626 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,103,006 
1,243,526 
Shareholders' funds
1,103,106 
1,243,626 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
J Dowsing-Reynolds Director Company Registration No. 08454046
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Dowsing & Reynolds Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Dowsing & Reynolds Limited is a private company, limited by shares, registered in England and Wales, registration number 08454046. The registered office is Unit 7, Hunslet Trading Estate, Severn Road, Leeds, West Yorkshire, LS10 1BL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
25% Reducing balance & 33% Straight line
Fixtures & fittings
25% Reducing balance
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on a 25% straight line basis.
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Dowsing & Reynolds Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
30,900 
At 31 March 2023
30,900 
Amortisation
At 1 April 2022
26,233 
Charge for the year
2,800 
At 31 March 2023
29,033 
Net book value
At 31 March 2023
1,867 
At 31 March 2022
4,667 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
460,724 
128,296 
130,350 
719,370 
Additions
31,709 
17,498 
38,181 
87,388 
At 31 March 2023
492,433 
145,794 
168,531 
806,758 
Depreciation
At 1 April 2022
43,518 
52,283 
28,557 
124,358 
Charge for the year
41,799 
3,060 
28,888 
73,747 
At 31 March 2023
85,317 
55,343 
57,445 
198,105 
Net book value
At 31 March 2023
407,116 
90,451 
111,086 
608,653 
At 31 March 2022
417,206 
76,013 
101,793 
595,012 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
102,246 
Accrued income and prepayments
77,761 
115,311 
Other debtors
- 
3,364 
77,761 
220,921 
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Dowsing & Reynolds Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
274,750 
213,763 
VAT
285,536 
624,993 
Trade creditors
73,031 
33,983 
Taxes and social security
45,061 
140,483 
Other creditors
162,327 
163,370 
Loans from directors
- 
5,832 
Accruals
4,633 
- 
845,338 
1,182,424 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
587,606 
627,369 
9
Average number of employees
During the year the average number of employees was 54 (2022: 63).
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