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REGISTERED NUMBER: 00733241 (England and Wales)










E.G.Dunford Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






E.G.Dunford Limited (Registered number: 00733241)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E.G.Dunford Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P J Dunford
J A Dunford
O G Dunford





SECRETARY: P J Dunford





REGISTERED OFFICE: Ground Floor
745 Ampress Lane
Lymington
Hampshire
SO41 8LW





REGISTERED NUMBER: 00733241 (England and Wales)

E.G.Dunford Limited (Registered number: 00733241)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,458,425 2,421,299

CURRENT ASSETS
Stocks 5 - 1,016,637
Debtors 6 27,763 43,717
Cash at bank and in hand 1,986,324 79,152
2,014,087 1,139,506
CREDITORS
Amounts falling due within one year 7 (601,659 ) (668,250 )
NET CURRENT ASSETS 1,412,428 471,256
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,870,853

2,892,555

CREDITORS
Amounts falling due after more than one year 8 (8,641 ) (78,385 )

PROVISIONS FOR LIABILITIES (303,176 ) (269,894 )
NET ASSETS 3,559,036 2,544,276

CAPITAL AND RESERVES
Called up share capital 9 551 551
Revaluation reserve 10 1,328,121 1,328,121
Other reserves 240,000 -
Retained earnings 1,990,364 1,215,604
SHAREHOLDERS' FUNDS 3,559,036 2,544,276

E.G.Dunford Limited (Registered number: 00733241)

Balance Sheet - continued
30 April 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





P J Dunford - Director


E.G.Dunford Limited (Registered number: 00733241)

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

1. STATEMENT OF COMPLIANCE

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. These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

2. ACCOUNTING POLICIES

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is pound sterling.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

TANGIBLE ASSETS
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset classDepreciation method and rate
Plant and machinery 25% reducing balance
Fixtures, fittings and equipment 25% reducing balance
Motor vehicles25% reducing balance


STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct
labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.


E.G.Dunford Limited (Registered number: 00733241)

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

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

DEFINED CONTRIBUTION PENSION OBLIGATION
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.


INVESTMENT PROPERTY
Investment property is carried at fair value, determined annually by the directors. The valuers use observable market data, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Fair value gains and losses along with the associated deferred tax are transferred to a separate revaluation reserve as shown in the statement of changes in equity.

E.G.Dunford Limited (Registered number: 00733241)

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

2. ACCOUNTING POLICIES - continued

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.


SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.


DIVIDENDS
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 2,200,000 264,821 11,097
Additions - 119,166 -
Disposals - (86,222 ) -
At 30 April 2024 2,200,000 297,765 11,097
DEPRECIATION
At 1 May 2023 - 136,091 10,998
Charge for year - 36,177 25
Eliminated on disposal - (44,669 ) -
At 30 April 2024 - 127,599 11,023
NET BOOK VALUE
At 30 April 2024 2,200,000 170,166 74
At 30 April 2023 2,200,000 128,730 99

E.G.Dunford Limited (Registered number: 00733241)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 95,931 1,748 2,573,597
Additions 18,833 - 137,999
Disposals - - (86,222 )
At 30 April 2024 114,764 1,748 2,625,374
DEPRECIATION
At 1 May 2023 3,997 1,212 152,298
Charge for year 22,984 134 59,320
Eliminated on disposal - - (44,669 )
At 30 April 2024 26,981 1,346 166,949
NET BOOK VALUE
At 30 April 2024 87,783 402 2,458,425
At 30 April 2023 91,934 536 2,421,299

5. STOCKS
2024 2023
£    £   
Work-in-progress - 1,016,637

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,680 25,943
VAT control account 1,540 7,537
Prepayments and accrued income 14,543 10,237
27,763 43,717

E.G.Dunford Limited (Registered number: 00733241)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 460,092
Hire purchase contracts 10,703 34,097
Trade creditors 15,360 23,475
Pension unpaid 15 9
Amounts owed to group undertakings 46,902 67,628
Corporation tax control 366,924 (6,968 )
Social security and other tax 24,821 5,879
Other creditors 12,897 17,939
Directors' current accounts 103,782 42,295
Accruals and deferred income 20,255 23,804
601,659 668,250

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 21,667
Hire purchase contracts 8,641 56,718
8,641 78,385

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
551 Ordinary 1 551 551

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 1,328,121