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REGISTERED NUMBER: 10200005 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Dorset Acquisitions Ltd

Dorset Acquisitions Ltd (Registered number: 10200005)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dorset Acquisitions Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D J Cox
Ms A K Martin
M B Newberry
G D'all
A W Martin



REGISTERED OFFICE: The Phoenix
The Square
Gillingham
Dorset
SP8 4AY



REGISTERED NUMBER: 10200005 (England and Wales)



ACCOUNTANTS: Baines & Co
46 Rolle Street
Exmouth
Devon
EX8 2SQ



BANKERS: Lloyds Bank
234 High Street
Exeter
Devon
EX4 3NL

Dorset Acquisitions Ltd (Registered number: 10200005)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,500
Tangible assets 5 970 1,757
3,970 6,257

CURRENT ASSETS
Stocks 6 7,100 3,270
Debtors 7 2,177 4,337
Cash at bank and in hand 94,650 74,166
103,927 81,773
CREDITORS
Amounts falling due within one year 8 45,803 47,042
NET CURRENT ASSETS 58,124 34,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,094

40,988

PROVISIONS FOR LIABILITIES 9 184 333
NET ASSETS 61,910 40,655

CAPITAL AND RESERVES
Called up share capital 10 50 50
Retained earnings 11 61,860 40,605
SHAREHOLDERS' FUNDS 61,910 40,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Dorset Acquisitions Ltd (Registered number: 10200005)

Balance Sheet - continued
30 June 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 20 December 2024 and were signed on its behalf by:




M B Newberry - Director



D J Cox - Director


Dorset Acquisitions Ltd (Registered number: 10200005)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Dorset Acquisitions 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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 each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

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

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.

Dorset Acquisitions Ltd (Registered number: 10200005)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 15,000
AMORTISATION
At 1 July 2023 10,500
Amortisation for year 1,500
At 30 June 2024 12,000
NET BOOK VALUE
At 30 June 2024 3,000
At 30 June 2023 4,500

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 20,492 358 20,850
DEPRECIATION
At 1 July 2023 18,950 143 19,093
Charge for year 697 90 787
At 30 June 2024 19,647 233 19,880
NET BOOK VALUE
At 30 June 2024 845 125 970
At 30 June 2023 1,542 215 1,757

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks 7,100 3,270

Dorset Acquisitions Ltd (Registered number: 10200005)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 646 1,695
Prepayments 1,531 2,642
2,177 4,337

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 12,510 787
Tax 15,290 11,277
Social security and other taxes 3,294 3,379
VAT 8,834 8,624
Accrued expenses 5,875 22,975
45,803 47,042

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 184 333

Deferred
tax
£   
Balance at 1 July 2023 333
Provided during year (149 )
Balance at 30 June 2024 184

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50 Ordinary 1 50 50

11. RESERVES
Retained
earnings
£   

At 1 July 2023 40,605
Profit for the year 54,421
Dividends (33,166 )
At 30 June 2024 61,860

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £33,166 (2023 - £33,623) were paid to the directors .

Dorset Acquisitions Ltd (Registered number: 10200005)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

13. ULTIMATE CONTROLLING PARTY

The controlling party is the directors jointly.

The ultimate controlling party is the directors jointly.