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REGISTERED NUMBER: 05365493 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DYER & SCOTT LTD

DYER & SCOTT LTD (REGISTERED NUMBER: 05365493)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


DYER & SCOTT LTD

Company Information
for the year ended 31 March 2024







DIRECTORS: N C Dyer
J A Dyer
J Bradley
G C Bradley
P F Compton





SECRETARY: J A Dyer





REGISTERED OFFICE: 11 Laura Place
Bath
BA2 4BL





REGISTERED NUMBER: 05365493 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dyer & Scott Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dyer & Scott Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dyer & Scott Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dyer & Scott Ltd and state those matters that we have agreed to state to the Board of Directors of Dyer & Scott Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dyer & Scott Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dyer & Scott Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dyer & Scott Ltd. You consider that Dyer & Scott Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dyer & Scott Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


28 November 2024

DYER & SCOTT LTD (REGISTERED NUMBER: 05365493)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 111,227 125,927
111,227 125,927

CURRENT ASSETS
Stocks 101,704 94,297
Debtors 6 204,771 141,055
Cash at bank and in hand 85,835 57,865
392,310 293,217
CREDITORS
Amounts falling due within one year 7 160,354 123,797
NET CURRENT ASSETS 231,956 169,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

343,183

295,347

CREDITORS
Amounts falling due after more than one
year

8

(40,300

)

(58,000

)

PROVISIONS FOR LIABILITIES 11 (19,443 ) (16,076 )
NET ASSETS 283,440 221,271

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 283,340 221,171
SHAREHOLDERS' FUNDS 283,440 221,271

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.

DYER & SCOTT LTD (REGISTERED NUMBER: 05365493)

Balance Sheet - continued
31 March 2024


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 21 November 2024 and were signed on its behalf by:





N C Dyer - Director


DYER & SCOTT LTD (REGISTERED NUMBER: 05365493)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Dyer & Scott Ltd 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.

Critical accounting estimates and uncertainties
No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents net sales of goods and services excluding value added tax. Turnover is recognised when the service is rendered or the goods are sold.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life.

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% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.


DYER & SCOTT LTD (REGISTERED NUMBER: 05365493)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contract or finance contract are capitalised in the balance sheet. Those held under hire purchase contract are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 420,000
AMORTISATION
At 1 April 2023
and 31 March 2024 420,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

DYER & SCOTT LTD (REGISTERED NUMBER: 05365493)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 155,039 85,684 14,245 15,690 270,658
Additions 10,044 2,053 - - 12,097
Disposals (700 ) (3,338 ) - - (4,038 )
At 31 March 2024 164,383 84,399 14,245 15,690 278,717
DEPRECIATION
At 1 April 2023 42,666 77,940 13,443 10,682 144,731
Charge for year 22,502 1,199 200 1,252 25,153
Eliminated on disposal - (2,394 ) - - (2,394 )
At 31 March 2024 65,168 76,745 13,643 11,934 167,490
NET BOOK VALUE
At 31 March 2024 99,215 7,654 602 3,756 111,227
At 31 March 2023 112,373 7,744 802 5,008 125,927


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 204,771 141,055

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 8,400 8,400
Trade creditors 54,832 56,403
Taxation and social security 81,298 44,411
Other creditors 5,824 4,583
160,354 123,797

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,000 30,000
Hire purchase contracts (see note 9) 20,300 28,000
40,300 58,000

The bank loan relates to a government supported bounceback loan.

DYER & SCOTT LTD (REGISTERED NUMBER: 05365493)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. LEASING AGREEMENTS

At the balance sheet date the company had lease commitments totalling £255,750 (2023: £300,750).

Of this total, £198,000 relates to a lease due to be paid over the next 8 years

10. SECURED DEBTS

The Hire Purchase is secured on the related asset.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 19,443 16,076

Deferred
tax
£   
Balance at 1 April 2023 16,076
Accelerated capital allowances 3,367
Balance at 31 March 2024 19,443

The provision for deferred tax relates wholly to timing differences on capital allowances.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Alloted, issued and fully
paid


Nominal

2024

2023
Number:Class:Value:£   £   
0Ordinary£10100
25A Ordinary£1250
25B Ordinary £1250
13C Ordinary £1130
12D Ordinary £1120
13E Ordinary£1130
12F Ordinary £1120
100100


During the year on 28 April 2023, 100 £1 ordinary shares were reclassified into 25 £1 A ordinary shares, 25 £1 B ordinary shares, 13 £1 C ordinary shares, 12 £1 D ordinary shares, 13 £1 E ordinary shares, 12 £1 F ordinary shares.

After the balance sheet date on 19 April 2024, 5 £1 A ordinary shares were reclassified into 4 £1 C ordinary shares and 1 £1 D ordinary share, and 5 £1 B ordinary shares were reclassified into 5 £1 D ordinary shares.

DYER & SCOTT LTD (REGISTERED NUMBER: 05365493)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the directors owed the company £187,537 (2023: £127,568). During the year £203,304 (2023: £151,250) was advanced and £143,336 (2023: £191,250) was repaid.