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COMPANY REGISTRATION NUMBER: 03962419
Dowell Enterprises (UK) Limited
Filleted Unaudited Financial Statements
30 September 2024
Dowell Enterprises (UK) Limited
Balance Sheet
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
234,888
237,438
Current assets
Stocks
122,284
46,928
Debtors
6
103,958
151,951
Cash at bank and in hand
68,452
27,144
---------
---------
294,694
226,023
Creditors: amounts falling due within one year
7
184,917
159,791
---------
---------
Net current assets
109,777
66,232
---------
---------
Total assets less current liabilities
344,665
303,670
Creditors: amounts falling due after more than one year
8
216,784
188,333
---------
---------
Net assets
127,881
115,337
---------
---------
Capital and reserves
Called up share capital
15,000
15,000
Revaluation reserve
69,751
69,751
Profit and loss account
43,130
30,586
---------
---------
Shareholders funds
127,881
115,337
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dowell Enterprises (UK) Limited
Balance Sheet (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 11 April 2025 , and are signed on behalf of the board by:
Ravi Rajdev
Director
Company registration number: 03962419
Dowell Enterprises (UK) Limited
Notes to the Financial Statements
Year ended 30 September 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 Unit 6 & 7, 549 Eskdale Road, Uxbridge, UB8 2RT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Tangible assets
Freehold property
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 October 2023
300,000
20,194
9,198
329,392
Additions
3,745
3,745
---------
--------
-------
-------
---------
At 30 September 2024
300,000
20,194
3,745
9,198
333,137
---------
--------
-------
-------
---------
Depreciation
At 1 October 2023
68,000
16,183
7,771
91,954
Charge for the year
4,000
1,002
936
357
6,295
---------
--------
-------
-------
---------
At 30 September 2024
72,000
17,185
936
8,128
98,249
---------
--------
-------
-------
---------
Carrying amount
At 30 September 2024
228,000
3,009
2,809
1,070
234,888
---------
--------
-------
-------
---------
At 30 September 2023
232,000
4,011
1,427
237,438
---------
--------
-------
-------
---------
6. Debtors
2024
2023
£
£
Trade debtors
83,595
138,728
Other debtors
20,363
13,223
---------
---------
103,958
151,951
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,550
4,550
Trade creditors
140,603
109,829
Accruals and deferred income
2,415
2,055
Corporation tax
4,334
1,649
Social security and other taxes
33,015
26,358
Other creditors
15,350
---------
---------
184,917
159,791
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
54,925
71,250
Director loan accounts
161,859
117,083
---------
---------
216,784
188,333
---------
---------