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REGISTERED NUMBER: 01218560 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Ron W. Dew & Son Limited

Ron W. Dew & Son Limited (Registered number: 01218560)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ron W. Dew & Son Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr S Dew
Mr N Dew
Mrs D J Dew





SECRETARY: Mrs D J Dew





REGISTERED OFFICE: Chatteris Road
Somersham
Cambridgeshire
PE28 3DN





REGISTERED NUMBER: 01218560 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Ron W. Dew & Son Limited (Registered number: 01218560)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,293,964 1,607,553

CURRENT ASSETS
Stocks 24,401 29,912
Debtors 5 570,304 640,407
Cash at bank and in hand 480,398 403,108
1,075,103 1,073,427
CREDITORS
Amounts falling due within one year 6 552,889 480,415
NET CURRENT ASSETS 522,214 593,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,816,178

2,200,565

CREDITORS
Amounts falling due after more than one
year

7

(638,437

)

(362,943

)

PROVISIONS FOR LIABILITIES (485,366 ) (346,336 )
NET ASSETS 1,692,375 1,491,286

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,692,275 1,491,186
1,692,375 1,491,286

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

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

Ron W. Dew & Son Limited (Registered number: 01218560)

Balance Sheet - continued
30 September 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 3 March 2025 and were signed on its behalf by:





Mr S Dew - Director


Ron W. Dew & Son Limited (Registered number: 01218560)

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

1. STATUTORY INFORMATION

Ron W. Dew & Son 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 from the sale of bus and coach hire is recognised when the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on departure of bus or coach trips.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Historic Coaches 10% Reducing Balance
Touring Coaches 12.5% Reducing Balance
School Coaches Straight Line over 6 years
Service Buses Straight Line over 6 years
Specialist Vehicles 12.5% Reducing Balance
Other Motor Vehicles 20% Reducing Balance
Leasehold Premises Straight Line over 10 / 40 years
Plant and Machinery Various rates

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 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.

Ron W. Dew & Son Limited (Registered number: 01218560)

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

2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 77 (2023 - 73 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 333,223 2,480,399 2,813,622
Additions - 1,000,958 1,000,958
Disposals - (97,495 ) (97,495 )
At 30 September 2024 333,223 3,383,862 3,717,085
DEPRECIATION
At 1 October 2023 132,813 1,073,256 1,206,069
Charge for year 8,331 287,488 295,819
Eliminated on disposal - (78,767 ) (78,767 )
At 30 September 2024 141,144 1,281,977 1,423,121
NET BOOK VALUE
At 30 September 2024 192,079 2,101,885 2,293,964
At 30 September 2023 200,410 1,407,143 1,607,553

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 433,339 556,197
Other debtors 136,965 84,210
570,304 640,407

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Hire purchase contracts 174,261 94,826
Trade creditors 270,937 222,009
Taxation and social security 47,300 99,861
Other creditors 10,391 13,719
552,889 480,415

Ron W. Dew & Son Limited (Registered number: 01218560)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 75,020 125,012
Hire purchase contracts 563,417 237,931
638,437 362,943