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REGISTERED NUMBER: 04266599 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

DYKE SERVICES LIMITED

DYKE SERVICES LIMITED (REGISTERED NUMBER: 04266599)






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


DYKE SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: I R Dyke
Mrs A K Dyke
J L Dyke





SECRETARY: Mrs A K Dyke





REGISTERED OFFICE: 75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP





REGISTERED NUMBER: 04266599 (England and Wales)





ACCOUNTANTS: Stone Osmond Limited
75 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP

DYKE SERVICES LIMITED (REGISTERED NUMBER: 04266599)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 541,552 555,913
541,552 555,913

CURRENT ASSETS
Stocks 1,500 1,500
Cash at bank and in hand 251,544 226,218
253,044 227,718
CREDITORS
Amounts falling due within one year 6 107,090 98,840
NET CURRENT ASSETS 145,954 128,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

687,506

684,791

CREDITORS
Amounts falling due after more than one
year

7

(167,774

)

(198,958

)

PROVISIONS FOR LIABILITIES (2,711 ) (2,808 )
NET ASSETS 517,021 483,025

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 517,019 483,023
SHAREHOLDERS' FUNDS 517,021 483,025

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.

DYKE SERVICES LIMITED (REGISTERED NUMBER: 04266599)

BALANCE SHEET - continued
30 April 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 and authorised for issue by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:




Mrs A K Dyke - Director



I R Dyke - Director


DYKE SERVICES LIMITED (REGISTERED NUMBER: 04266599)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Dyke Services 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.

The financial statements have been prepared upon a going concern basis. This assumes the continued support of the company's directors, who are the major creditors.

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 2005, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 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.

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.

DYKE SERVICES LIMITED (REGISTERED NUMBER: 04266599)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 70,000
AMORTISATION
At 1 May 2023
and 30 April 2024 70,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 686,437 31,060 3,500 720,997
DEPRECIATION
At 1 May 2023 134,715 26,891 3,478 165,084
Charge for year 13,729 626 6 14,361
At 30 April 2024 148,444 27,517 3,484 179,445
NET BOOK VALUE
At 30 April 2024 537,993 3,543 16 541,552
At 30 April 2023 551,722 4,169 22 555,913

DYKE SERVICES LIMITED (REGISTERED NUMBER: 04266599)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 3,000
Transfer to ownership (3,000 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 2,623
Transfer to ownership (2,623 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,110 44,110
Trade creditors 9,509 8,499
Taxation and social security 39,337 33,156
Other creditors 14,134 13,075
107,090 98,840

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 167,774 198,958

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,220 29,184

DYKE SERVICES LIMITED (REGISTERED NUMBER: 04266599)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 211,884 243,068

A first legal charge over freehold property at rear of 180-182 Portsmouth Road, Woolston, Southampton, SO19 9AG.

A personal guarantee from the directors I & A Dyke.

An unlimited debenture from Dyke Services Ltd.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr and Mrs I R Dyke.