IRIS Accounts Production v25.1.0.734 00806857 Board of Directors 1.1.24 31.12.24 31.12.24 7/5/2025 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008068572023-12-31008068572024-12-31008068572024-01-012024-12-31008068572022-12-31008068572023-01-012023-12-31008068572023-12-3100806857ns15:EnglandWales2024-01-012024-12-3100806857ns14:PoundSterling2024-01-012024-12-3100806857ns10:Director12024-01-012024-12-3100806857ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100806857ns10:SmallEntities2024-01-012024-12-3100806857ns10:Audited2024-01-012024-12-3100806857ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100806857ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100806857ns10:FullAccounts2024-01-012024-12-3100806857ns10:OrdinaryShareClass12024-01-012024-12-3100806857ns10:Director22024-01-012024-12-3100806857ns10:Director32024-01-012024-12-3100806857ns10:Director42024-01-012024-12-3100806857ns10:CompanySecretary12024-01-012024-12-3100806857ns10:RegisteredOffice2024-01-012024-12-3100806857ns5:CurrentFinancialInstruments2024-12-3100806857ns5:CurrentFinancialInstruments2023-12-3100806857ns5:Non-currentFinancialInstruments2024-12-3100806857ns5:Non-currentFinancialInstruments2023-12-3100806857ns5:ShareCapital2024-12-3100806857ns5:ShareCapital2023-12-3100806857ns5:RetainedEarningsAccumulatedLosses2024-12-3100806857ns5:RetainedEarningsAccumulatedLosses2023-12-3100806857ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3100806857ns5:FurnitureFittings2024-01-012024-12-3100806857ns5:MotorVehicles2024-01-012024-12-3100806857ns5:LandBuildings2023-12-3100806857ns5:FurnitureFittings2023-12-3100806857ns5:MotorVehicles2023-12-3100806857ns5:LandBuildings2024-01-012024-12-3100806857ns5:LandBuildings2024-12-3100806857ns5:FurnitureFittings2024-12-3100806857ns5:MotorVehicles2024-12-3100806857ns5:LandBuildings2023-12-3100806857ns5:FurnitureFittings2023-12-3100806857ns5:MotorVehicles2023-12-3100806857ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100806857ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3100806857ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-12-3100806857ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3100806857ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3100806857ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3100806857ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3100806857ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3100806857ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3100806857ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3100806857ns5:HirePurchaseContracts2024-12-3100806857ns5:HirePurchaseContracts2023-12-3100806857ns5:WithinOneYear2024-12-3100806857ns5:WithinOneYear2023-12-3100806857ns5:BetweenOneFiveYears2024-12-3100806857ns5:BetweenOneFiveYears2023-12-3100806857ns5:AllPeriods2024-12-3100806857ns5:AllPeriods2023-12-3100806857ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 00806857 (England and Wales)















DILL & SONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






DILL & SONS LIMITED (REGISTERED NUMBER: 00806857)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DILL & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs F E Dill
P Moynihan
Mrs K Turner
Ms C E Dill





SECRETARY: Mrs F E Dill





REGISTERED OFFICE: Clare House
57 Ingram Road
Holbeck
Leeds
Yorkshire
LS11 9RQ





REGISTERED NUMBER: 00806857 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

DILL & SONS LIMITED (REGISTERED NUMBER: 00806857)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 443,587 437,597

CURRENT ASSETS
Stocks 250,621 239,473
Debtors 5 242,739 213,299
Cash at bank and in hand 47,408 37,306
540,768 490,078
CREDITORS
Amounts falling due within one year 6 313,301 274,122
NET CURRENT ASSETS 227,467 215,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,054

653,553

CREDITORS
Amounts falling due after more than one year 7 (81,929 ) (104,758 )

PROVISIONS FOR LIABILITIES (76,233 ) (74,095 )
NET ASSETS 512,892 474,700

CAPITAL AND RESERVES
Called up share capital 10 30,100 30,100
Retained earnings 482,792 444,600
SHAREHOLDERS' FUNDS 512,892 474,700

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 by the Board of Directors and authorised for issue on 7 May 2025 and were signed on its behalf by:





Ms C E Dill - Director


DILL & SONS LIMITED (REGISTERED NUMBER: 00806857)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Dill & Sons 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Fixtures and fittings - 20% and 25% 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.

DILL & SONS LIMITED (REGISTERED NUMBER: 00806857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 39 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 167,500 263,123 496,038 926,661
Additions - - 180,648 180,648
Disposals - - (167,229 ) (167,229 )
At 31 December 2024 167,500 263,123 509,457 940,080
DEPRECIATION
At 1 January 2024 36,850 236,859 215,355 489,064
Charge for year 1,675 5,919 98,090 105,684
Eliminated on disposal - - (98,255 ) (98,255 )
At 31 December 2024 38,525 242,778 215,190 496,493
NET BOOK VALUE
At 31 December 2024 128,975 20,345 294,267 443,587
At 31 December 2023 130,650 26,264 280,683 437,597

The net book value of tangible fixed assets includes £ 288,044 (2023 - £ 260,762 ) in respect of assets held under hire purchase contracts.

DILL & SONS LIMITED (REGISTERED NUMBER: 00806857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 228,469 202,056
Other debtors 1,150 1,000
Prepayments 13,120 10,243
242,739 213,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 96,655 73,001
Trade creditors 50,193 54,940
Tax 15,150 4,427
Social security and other taxes 32,987 32,995
VAT 90,291 79,945
Other creditors 8,884 8,052
Accrued expenses 9,141 10,762
313,301 274,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,665 10,000
Bank loans - 2-5 years - 5,804
Hire purchase contracts (see note 8) 76,264 88,954
81,929 104,758

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 96,655 73,001
Between one and five years 76,264 88,954
172,919 161,955

DILL & SONS LIMITED (REGISTERED NUMBER: 00806857)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 18,023 16,784
Between one and five years 15,752 31,503
33,775 48,287

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 172,919 161,955

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,100 Ordinary £1 30,100 30,100

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham French (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs F E Dill.