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COMPANY REGISTRATION NUMBER: 13139327
Dowle Manufacturing Limited
Filleted Unaudited Financial Statements
31 January 2025
Dowle Manufacturing Limited
Financial Statements
Year ended 31 January 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Dowle Manufacturing Limited
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
16,326
28,113
Current assets
Stocks
38,477
22,495
Debtors
6
126,048
44,446
Cash at bank and in hand
158,366
191,022
---------
---------
322,891
257,963
Creditors: amounts falling due within one year
7
190,886
90,294
---------
---------
Net current assets
132,005
167,669
---------
---------
Total assets less current liabilities
148,331
195,782
Provisions
726
536
---------
---------
Net assets
147,605
195,246
---------
---------
Capital and reserves
Called up share capital
25
100
Capital redemption reserve
75
Profit and loss account
147,505
195,146
---------
---------
Shareholders funds
147,605
195,246
---------
---------
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.
For the year ending 31 January 2025 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 .
Dowle Manufacturing Limited
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 11 June 2025 , and are signed on behalf of the board by:
Mr A J Dowle
Director
Company registration number: 13139327
Dowle Manufacturing Limited
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Cantebury, Kent, CT1 3DN, United Kingdom.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
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.
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:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% reducing balance
Impairment of fixed assets
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.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2024: 9 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 February 2024
22,637
10,350
8,454
41,441
Additions
2,848
2,848
Disposals
( 10,200)
( 10,200)
--------
--------
--------
--------
At 31 January 2025
22,637
150
11,302
34,089
--------
--------
--------
--------
Depreciation
At 1 February 2024
7,317
1,725
4,286
13,328
Charge for the year
3,829
31
2,275
6,135
Disposals
( 1,700)
( 1,700)
--------
--------
--------
--------
At 31 January 2025
11,146
56
6,561
17,763
--------
--------
--------
--------
Carrying amount
At 31 January 2025
11,491
94
4,741
16,326
--------
--------
--------
--------
At 31 January 2024
15,320
8,625
4,168
28,113
--------
--------
--------
--------
6. Debtors
2025
2024
£
£
Trade debtors
126,048
40,777
Other debtors
3,669
---------
--------
126,048
44,446
---------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
9,639
13,261
Corporation tax
53,788
65,006
Social security and other taxes
24,629
5,226
Other creditors
102,830
6,801
---------
--------
190,886
90,294
---------
--------
8. Director's advances, credits and guarantees
At the year end the company owed the Director £73,723 (2024: Director owed £3,669). During the year, there were advances of £378 and repayments of £77,770 made by the Director.