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REGISTERED NUMBER: 09059046 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Dewey Solutions Limited

Dewey Solutions Limited (Registered number: 09059046)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dewey Solutions Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr W G Berridge
Mr J T Donaghy





SECRETARY: Mrs K J Berridge





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 09059046 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Dewey Solutions Limited (Registered number: 09059046)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,440 20,626
Investments 5 170,014 170,014
185,454 190,640

CURRENT ASSETS
Debtors 6 457,012 763,267
Cash at bank 207,161 434,159
664,173 1,197,426
CREDITORS
Amounts falling due within one year 7 713,781 1,005,206
NET CURRENT (LIABILITIES)/ASSETS (49,608 ) 192,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,846

382,860

CREDITORS
Amounts falling due after more than one
year

8

(110,834

)

(180,833

)

PROVISIONS FOR LIABILITIES (3,860 ) (5,157 )
NET ASSETS 21,152 196,870

CAPITAL AND RESERVES
Called up share capital 9 225 225
Share premium 19,975 19,975
Retained earnings 952 176,670
SHAREHOLDERS' FUNDS 21,152 196,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Dewey Solutions Limited (Registered number: 09059046)

Balance Sheet - continued
29 February 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 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 28 November 2024 and were signed on its behalf by:




Mr W G Berridge - Director



Mr J T Donaghy - Director


Dewey Solutions Limited (Registered number: 09059046)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Dewey Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on reducing balance
Computer equipment - 33% on cost

Investments in associates
Investments in associate undertakings are recognised at 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts 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.

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

Dewey Solutions Limited (Registered number: 09059046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 64 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 - 20,520 10,050 32,210 62,780
Additions 2,465 - - 1,760 4,225
Reclassification/transfer 7,104 (7,104 ) - - -
At 29 February 2024 9,569 13,416 10,050 33,970 67,005
DEPRECIATION
At 1 March 2023 - 10,105 9,560 22,489 42,154
Charge for year 1,913 1,450 163 5,885 9,411
Reclassification/transfer 1,548 (1,548 ) - - -
At 29 February 2024 3,461 10,007 9,723 28,374 51,565
NET BOOK VALUE
At 29 February 2024 6,108 3,409 327 5,596 15,440
At 28 February 2023 - 10,415 490 9,721 20,626

Fixed assets, included in the above, which are held under finance leases are as follows:
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 11,396
DEPRECIATION
At 1 March 2023 3,924
Charge for year 3,799
At 29 February 2024 7,723
NET BOOK VALUE
At 29 February 2024 3,673
At 28 February 2023 7,472

Dewey Solutions Limited (Registered number: 09059046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 March 2023
and 29 February 2024 170,014
NET BOOK VALUE
At 29 February 2024 170,014
At 28 February 2023 170,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 76,908 106,815
Other debtors 15,900 4,925
Directors' current accounts 212,577 406,923
Prepayments and accrued income 151,627 244,604
457,012 763,267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,000 70,000
Finance leases 1,972 5,828
Trade creditors 15,076 32,962
Tax 224,264 174,515
Social security and other taxes 6,225 7,317
VAT 166,217 253,774
Other creditors 93,154 213,573
Accruals and deferred income 136,873 247,237
713,781 1,005,206

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 110,834 180,833

Dewey Solutions Limited (Registered number: 09059046)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
11,856 Ordinary A 1p 119 119
5,300 Ordinary B 1p 53 53
4,219 Ordinary C 1p 42 42
1,125 Ordinary D 1p 11 11
225 225

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mr W G Berridge
Balance outstanding at start of year 276,815 154,421
Amounts advanced 159,178 283,204
Amounts repaid (301,296 ) (160,810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 134,697 276,815

Mr J T Donaghy
Balance outstanding at start of year 130,108 134,097
Amounts advanced 91,234 156,986
Amounts repaid (143,462 ) (160,975 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,880 130,108

The director's loan accounts were cleared within nine months of the year end. Interest was charged on the overdrawn director's loan accounts at HM Revenue & Customs official rate of interest being 2.00% per annum up to 5th April 2023 and at 2.25% thereafter.

11. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors and under common control amounted to £11,172 (2023 £Nil).