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
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
Dowsing & Reynolds Limited
Statement of financial position
as at 31 March 2023
Intangible assets
1,867
4,667
Tangible assets
608,653
595,012
Inventories
1,577,739
2,098,060
Cash at bank and in hand
385,674
238,234
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
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
Dowsing & Reynolds Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
Dowsing & Reynolds Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Intangible fixed assets
Other
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
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
At 31 March 2023
407,116
90,451
111,086
608,653
At 31 March 2022
417,206
76,013
101,793
595,012
Amounts falling due within one year
Accrued income and prepayments
77,761
115,311
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
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
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).