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REGISTERED NUMBER: 10479100 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AA DEWES & SONS LIMITED

AA DEWES & SONS LIMITED (REGISTERED NUMBER: 10479100)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AA DEWES & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D C Dewes
C J Dewes





REGISTERED OFFICE: Low Spinney Farm
Ashby Magna
Lutterworth
Leicestershire
LE17 5NB





REGISTERED NUMBER: 10479100 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

AA DEWES & SONS LIMITED (REGISTERED NUMBER: 10479100)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,834 7,834
Tangible assets 5 149,830 172,327
157,664 180,161

CURRENT ASSETS
Stocks 118,311 126,556
Debtors 6 7,723 5,886
126,034 132,442
CREDITORS
Amounts falling due within one year 7 161,388 168,348
NET CURRENT LIABILITIES (35,354 ) (35,906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,310

144,255

CREDITORS
Amounts falling due after more than one
year

8

(41,318

)

(47,658

)

PROVISIONS FOR LIABILITIES (28,468 ) (35,022 )
NET ASSETS 52,524 61,575

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,424 61,475
52,524 61,575

AA DEWES & SONS LIMITED (REGISTERED NUMBER: 10479100)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:




D C Dewes - Director



C J Dewes - Director


AA DEWES & SONS LIMITED (REGISTERED NUMBER: 10479100)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

AA Dewes & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods..

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Outbuildings - 10% on cost
Solar Panels - 4% on cost
Implements - 25% on reducing balance
Tractors, Trailers & Combines - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


AA DEWES & SONS LIMITED (REGISTERED NUMBER: 10479100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 April 2023
and 31 March 2024 7,834
NET BOOK VALUE
At 31 March 2024 7,834
At 31 March 2023 7,834

5. TANGIBLE FIXED ASSETS
Solar
Outbuildings Panels Implements
£    £    £   
COST
At 1 April 2023 85,978 20,205 144,171
Additions - - 9,950
At 31 March 2024 85,978 20,205 154,121
DEPRECIATION
At 1 April 2023 9,948 6,123 116,290
Charge for year 8,598 808 9,458
At 31 March 2024 18,546 6,931 125,748
NET BOOK VALUE
At 31 March 2024 67,432 13,274 28,373
At 31 March 2023 76,030 14,082 27,881

AA DEWES & SONS LIMITED (REGISTERED NUMBER: 10479100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Tractors,
Trailers Motor Computer
& Combines vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 293,372 16,280 375 560,381
Additions - - - 9,950
At 31 March 2024 293,372 16,280 375 570,331
DEPRECIATION
At 1 April 2023 240,772 14,718 203 388,054
Charge for year 13,150 390 43 32,447
At 31 March 2024 253,922 15,108 246 420,501
NET BOOK VALUE
At 31 March 2024 39,450 1,172 129 149,830
At 31 March 2023 52,600 1,562 172 172,327

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 400 1,862
VAT 3,233 1,681
Prepayments 4,090 2,343
7,723 5,886

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 87,813 64,825
Hire purchase contracts - 13,847
Trade creditors 6,735 7,607
Tax 6,294 11,535
Directors' current accounts 56,844 67,231
Accrued expenses 3,702 3,303
161,388 168,348

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 24,206 23,479
Bank loans more 5 yr by instal 17,112 24,179
41,318 47,658

AA DEWES & SONS LIMITED (REGISTERED NUMBER: 10479100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 17,112 24,179

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 13,847