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No description of principal activities is disclosed
2023-09-01
Sage Accounts Production 23.0 - FRS102_2023
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2024-08-31
Company registration number:
07347849
Dawson Garwood Limited
Unaudited filleted financial statements
31 August 2024
Dawson Garwood Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Dawson Garwood Limited
Directors and other information
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Directors |
Mr S Dawson |
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Mr T Hodge |
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Secretary |
Mr S Dawson |
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Company number |
07347849 |
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Registered office |
Solution House |
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Sandon Road |
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Therfield, Royston |
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Hertfordshire |
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SG8 9RE |
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Accountants |
Hicks and Company |
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Chartered Accountants |
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First Floor |
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99 Bancroft |
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Hitchin |
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Hertfordshire |
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SG5 1NQ |
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Dawson Garwood Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Dawson Garwood Limited
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dawson Garwood Limited for the year ended 31 August 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Dawson Garwood Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Dawson Garwood Limited and state those matters that we have agreed to state to the board of directors of Dawson Garwood Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dawson Garwood Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Dawson Garwood Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dawson Garwood Limited. You consider that Dawson Garwood Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Dawson Garwood Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
First Floor
99 Bancroft
Hitchin
Hertfordshire
SG5 1NQ
24 March 2025
Dawson Garwood Limited
Statement of financial position
31 August 2024
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2024 |
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2023 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Investments |
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4 |
1,000 |
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1,000 |
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_______ |
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_______ |
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1,000 |
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1,000 |
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Current assets |
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Debtors |
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5 |
100,000 |
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155,000 |
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Cash at bank and in hand |
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154 |
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75,350 |
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_______ |
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_______ |
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100,154 |
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230,350 |
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Net current assets |
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100,154 |
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230,350 |
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_______ |
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_______ |
Total assets less current liabilities |
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101,154 |
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231,350 |
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_______ |
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_______ |
Net assets |
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101,154 |
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231,350 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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430 |
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476 |
Capital redemption reserve |
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570 |
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|
524 |
Profit and loss account |
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100,154 |
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230,350 |
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_______ |
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_______ |
Shareholders funds |
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101,154 |
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231,350 |
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_______ |
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_______ |
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 March 2025
, and are signed on behalf of the board by:
Mr S Dawson
Director
Company registration number:
07347849
Dawson Garwood Limited
Statement of changes in equity
Year ended 31 August 2024
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Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
Total |
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£ |
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£ |
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£ |
£ |
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At 1 September 2022 |
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676 |
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324 |
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277,545 |
278,545 |
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Profit for the year |
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1,570,789 |
1,570,789 |
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_______ |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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- |
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1,570,789 |
1,570,789 |
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Redemption of shares |
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(
200) |
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200 |
|
(
1,617,984) |
(
1,617,984) |
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_______ |
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_______ |
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_______ |
_______ |
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Total investments by and distributions to owners |
|
(
200) |
|
200 |
|
(
1,617,984) |
(
1,617,984) |
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_______ |
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_______ |
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_______ |
_______ |
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At 31 August 2023 and 1 September 2023 |
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476 |
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524 |
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230,350 |
231,350 |
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Profit for the year |
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240,957 |
240,957 |
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_______ |
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_______ |
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_______ |
_______ |
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Total comprehensive income for the year |
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- |
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- |
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240,957 |
240,957 |
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Redemption of shares |
|
(
46) |
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46 |
|
(
371,153) |
(
371,153) |
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_______ |
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_______ |
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_______ |
_______ |
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Total investments by and distributions to owners |
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(
46) |
|
46 |
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(
371,153) |
(
371,153) |
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_______ |
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_______ |
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_______ |
_______ |
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At 31 August 2024 |
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430 |
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570 |
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100,154 |
101,154 |
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_______ |
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_______ |
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_______ |
_______ |
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Dawson Garwood Limited
Notes to the financial statements
Year ended 31 August 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Solution House, Sandon Road, Therfield, Royston, Hertfordshire, SG8 9RE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4.
Investments
|
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Shares in group undertakings and participating interests |
Total |
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£ |
£ |
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Cost |
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At 1 September 2023 |
48,000 |
48,000 |
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Disposals |
(
47,000) |
(
47,000) |
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|
|
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|
_______ |
_______ |
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|
At 31 August 2024 |
1,000 |
1,000 |
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_______ |
_______ |
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Impairment |
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At 1 September 2023 |
47,000 |
47,000 |
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|
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Disposals |
(
47,000) |
(
47,000) |
|
|
|
|
|
|
_______ |
_______ |
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At 31 August 2024 |
- |
- |
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_______ |
_______ |
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Carrying amount |
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At 31 August 2024 |
1,000 |
1,000 |
|
|
|
|
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_______ |
_______ |
|
|
|
|
|
At 31 August 2023 |
1,000 |
1,000 |
|
|
|
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|
_______ |
_______ |
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Investments in group undertakings |
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Registered office |
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
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|
Venom Limited |
|
Solution House, Sandon Road, Therfield, Royston, Hertfordshire. SG8 9RE |
Ordinary shares |
100 |
|
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5.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
100,000 |
|
Other debtors |
|
100,000 |
55,000 |
|
|
|
_______ |
_______ |
|
|
|
100,000 |
155,000 |
|
|
|
_______ |
_______ |
|
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6.
Share capital
During the year the company repurchased 46 ordinary £1 shares from Mr C Garwood and Mrs E Garwood for the total sum of £371,153. The company is contracted to buy back a further 92 of its ordinary shares at a cost of £736,000, with completion due in November 2025.