IRIS Accounts Production v23.3.0.418 04349537 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043495372022-03-31043495372023-03-31043495372022-04-012023-03-31043495372021-03-31043495372021-04-012022-03-31043495372022-03-3104349537ns16:EnglandWales2022-04-012023-03-3104349537ns15:PoundSterling2022-04-012023-03-3104349537ns11:Director12022-04-012023-03-3104349537ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3104349537ns11:SmallEntities2022-04-012023-03-3104349537ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3104349537ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104349537ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3104349537ns11:FullAccounts2022-04-012023-03-310434953712022-04-012023-03-3104349537ns11:Director22022-04-012023-03-3104349537ns11:RegisteredOffice2022-04-012023-03-3104349537ns6:CurrentFinancialInstruments2023-03-3104349537ns6:CurrentFinancialInstruments2022-03-3104349537ns6:ShareCapital2023-03-3104349537ns6:ShareCapital2022-03-3104349537ns6:RetainedEarningsAccumulatedLosses2023-03-3104349537ns6:RetainedEarningsAccumulatedLosses2022-03-3104349537ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104349537ns6:PlantMachinery2022-04-012023-03-3104349537ns6:FurnitureFittings2022-04-012023-03-3104349537ns6:NetGoodwill2022-03-3104349537ns6:NetGoodwill2023-03-3104349537ns6:NetGoodwill2022-03-3104349537ns6:PlantMachinery2022-03-3104349537ns6:FurnitureFittings2022-03-3104349537ns6:PlantMachinery2023-03-3104349537ns6:FurnitureFittings2023-03-3104349537ns6:PlantMachinery2022-03-3104349537ns6:FurnitureFittings2022-03-3104349537ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3104349537ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3104349537ns11:Director112022-03-3104349537ns11:Director112021-03-3104349537ns11:Director112022-04-012023-03-3104349537ns11:Director112021-04-012022-03-3104349537ns11:Director112023-03-3104349537ns11:Director112022-03-31
REGISTERED NUMBER: 04349537 (England and Wales)













DUTTON & CADWELL LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






DUTTON & CADWELL LIMITED (REGISTERED NUMBER: 04349537)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUTTON & CADWELL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr N G Dutton
Mr C R Dutton





REGISTERED OFFICE: 1st Floor Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 04349537 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

DUTTON & CADWELL LIMITED (REGISTERED NUMBER: 04349537)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 6 426,576 543,950
Cash at bank 1,342,299 1,358,357
1,768,875 1,902,307
CREDITORS
Amounts falling due within one year 7 33,878 113,342
NET CURRENT ASSETS 1,734,997 1,788,965
TOTAL ASSETS LESS CURRENT LIABILITIES 1,734,997 1,788,965

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 1,734,697 1,788,665
SHAREHOLDERS' FUNDS 1,734,997 1,788,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th August 2023 and were signed on its behalf by:





Mr N G Dutton - Director


DUTTON & CADWELL LIMITED (REGISTERED NUMBER: 04349537)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Dutton & Cadwell 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.

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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% straight line on cost
Fixtures and fittings - 20% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DUTTON & CADWELL LIMITED (REGISTERED NUMBER: 04349537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are recognised over the period for which the grant is intended to compensate. Grants that are receivable as compensation for expenses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 1,500,000
AMORTISATION
At 1st April 2022
and 31st March 2023 1,500,000
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 3,536 17,869 21,405
DEPRECIATION
At 1st April 2022
and 31st March 2023 3,536 17,869 21,405
NET BOOK VALUE
At 31st March 2023 - - -
At 31st March 2022 - - -

DUTTON & CADWELL LIMITED (REGISTERED NUMBER: 04349537)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,662 522,236
Other debtors 396,914 21,714
426,576 543,950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 4,898 5,143
Taxation and social security 25,721 87,115
Other creditors 3,259 21,084
33,878 113,342

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
Mr N G Dutton
Balance outstanding at start of year (15,460 ) 9,759
Amounts advanced 428,431 11,863
Amounts repaid (37,542 ) (37,082 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 375,429 (15,460 )

The official rate of interest has been charged on the loan and included in the outstanding balance.

The loan has been fully repaid within 9 months of the year end.