IRIS Accounts Production v25.1.3.33 02861126 Board of Directors 1.5.24 30.4.25 30.4.25 false true false false true false Fair value model Ordinary Shares 1.00000 Ordinary B Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028611262024-04-30028611262025-04-30028611262024-05-012025-04-30028611262023-04-30028611262023-05-012024-04-30028611262024-04-3002861126ns15:EnglandWales2024-05-012025-04-3002861126ns14:PoundSterling2024-05-012025-04-3002861126ns10:Director12024-05-012025-04-3002861126ns10:PrivateLimitedCompanyLtd2024-05-012025-04-3002861126ns10:SmallEntities2024-05-012025-04-3002861126ns10:AuditExemptWithAccountantsReport2024-05-012025-04-3002861126ns10:SmallCompaniesRegimeForDirectorsReport2024-05-012025-04-3002861126ns10:SmallCompaniesRegimeForAccounts2024-05-012025-04-3002861126ns10:FullAccounts2024-05-012025-04-3002861126ns10:OrdinaryShareClass12024-05-012025-04-3002861126ns10:OrdinaryShareClass22024-05-012025-04-3002861126ns10:Director22024-05-012025-04-3002861126ns10:RegisteredOffice2024-05-012025-04-3002861126ns5:CurrentFinancialInstruments2025-04-3002861126ns5:CurrentFinancialInstruments2024-04-3002861126ns5:Non-currentFinancialInstruments2025-04-3002861126ns5:Non-currentFinancialInstruments2024-04-3002861126ns5:ShareCapital2025-04-3002861126ns5:ShareCapital2024-04-3002861126ns5:FurtherSpecificReserve3ComponentTotalEquity2025-04-3002861126ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3002861126ns5:RetainedEarningsAccumulatedLosses2025-04-3002861126ns5:RetainedEarningsAccumulatedLosses2024-04-3002861126ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-05-012025-04-3002861126ns5:PlantMachinery2024-05-012025-04-3002861126ns5:FurnitureFittings2024-05-012025-04-3002861126ns5:MotorVehicles2024-05-012025-04-3002861126ns5:LandBuildings2024-04-3002861126ns5:PlantMachinery2024-04-3002861126ns5:FurnitureFittings2024-04-3002861126ns5:MotorVehicles2024-04-3002861126ns5:LandBuildings2024-05-012025-04-3002861126ns5:LandBuildings2025-04-3002861126ns5:PlantMachinery2025-04-3002861126ns5:FurnitureFittings2025-04-3002861126ns5:MotorVehicles2025-04-3002861126ns5:LandBuildings2024-04-3002861126ns5:PlantMachinery2024-04-3002861126ns5:FurnitureFittings2024-04-3002861126ns5:MotorVehicles2024-04-3002861126ns5:WithinOneYearns5:CurrentFinancialInstruments2025-04-3002861126ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3002861126ns10:OrdinaryShareClass12025-04-3002861126ns10:OrdinaryShareClass22025-04-3002861126ns5:RetainedEarningsAccumulatedLosses2024-04-3002861126ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3002861126ns5:RetainedEarningsAccumulatedLosses2024-05-012025-04-30
REGISTERED NUMBER: 02861126 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

D O F A S Limited

D O F A S Limited (Registered number: 02861126)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

D O F A S Limited

Company Information
for the Year Ended 30 April 2025







DIRECTORS: J Pennington
Mrs C M Pennington





REGISTERED OFFICE: 74-80 Vauxhall Road
Liverpool
L3 6DL





REGISTERED NUMBER: 02861126 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

D O F A S Limited (Registered number: 02861126)

Balance Sheet
30 April 2025

30.4.25 30.4.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 875,460 119,669
Investment property 5 391,563 120,000
1,267,023 239,669

CURRENT ASSETS
Stocks 5,314 16,567
Debtors 6 136,201 174,628
Cash at bank 380,549 1,170,769
522,064 1,361,964
CREDITORS
Amounts falling due within one year 7 146,231 138,743
NET CURRENT ASSETS 375,833 1,223,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,642,856

1,462,890

CREDITORS
Amounts falling due after more than one
year

8

(89,900

)

-

PROVISIONS FOR LIABILITIES (24,908 ) (28,370 )
NET ASSETS 1,528,048 1,434,520

CAPITAL AND RESERVES
Called up share capital 9 101 101
Fair value reserve 10 30,061 32,466
Retained earnings 10 1,497,886 1,401,953
SHAREHOLDERS' FUNDS 1,528,048 1,434,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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.

D O F A S Limited (Registered number: 02861126)

Balance Sheet - continued
30 April 2025


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 23 June 2025 and were signed on its behalf by:





J Pennington - Director


D O F A S Limited (Registered number: 02861126)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

D O F A S 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Flat fixt and fittings - 20% on cost
Fixtures and equipment - 20% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 7 (2024 - 8 ) .

D O F A S Limited (Registered number: 02861126)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS
Flat fixt Fixtures
Freehold and and Motor
property fittings equipment vehicles Totals
£    £    £    £    £   
COST
At 1 May 2024 87,858 2,723 90,438 152,835 333,854
Additions 794,790 1,129 1,967 - 797,886
Disposals - - - (53,990 ) (53,990 )
At 30 April 2025 882,648 3,852 92,405 98,845 1,077,750
DEPRECIATION
At 1 May 2024 41,586 2,723 89,169 80,707 214,185
Charge for year 17,653 113 1,169 8,162 27,097
Eliminated on disposal - - - (38,992 ) (38,992 )
At 30 April 2025 59,239 2,836 90,338 49,877 202,290
NET BOOK VALUE
At 30 April 2025 823,409 1,016 2,067 48,968 875,460
At 30 April 2024 46,272 - 1,269 72,128 119,669

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2024 120,000
Additions 271,563
At 30 April 2025 391,563
NET BOOK VALUE
At 30 April 2025 391,563
At 30 April 2024 120,000

Fair value at 30 April 2025 is represented by:
£   
Valuation in 2018 40,081
Cost 351,482
391,563

6. DEBTORS
30.4.25 30.4.24
£    £   
Amounts falling due within one year:
Trade debtors 131,420 140,524
Other debtors 4,781 4,104
136,201 144,628

Amounts falling due after more than one year:
Amounts owed by associates - 30,000

Aggregate amounts 136,201 174,628

D O F A S Limited (Registered number: 02861126)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Trade creditors 45,741 55,546
Taxation and social security 74,883 58,410
Other creditors 25,607 24,787
146,231 138,743

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.25 30.4.24
£    £   
Amounts owed to associates 89,900 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.25 30.4.24
value: £    £   
100 Ordinary Shares £1 100 100
1 Ordinary B Shares £1 1 1
101 101

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2024 1,401,953 32,466 1,434,419
Profit for the year 127,933 127,933
Dividends (32,000 ) (32,000 )
Deferred tax adjustment - (2,405 ) (2,405 )
At 30 April 2025 1,497,886 30,061 1,527,947

The fair value reserve is a non distributable reserve.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors at the year end is an amount of £7 owing to the joint Directors loan account.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 (2024 - £37,200) were paid to the directors .

As at 30th April 2025 the company is owed £39,000 in respect of an interest free loan to Bespoke Office Furniture Ltd, the company has also taken out an interest free loan of £128,900 from J.G. Copiers Ltd.

Both companies are associated companies, the transactions are considered to be under normal market conditions.

13. ULTIMATE CONTROLLING PARTY

The controlling party is J Pennington.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D O F A S Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D O F A S Limited for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D O F A S Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D O F A S Limited and state those matters that we have agreed to state to the Board of Directors of D O F A S Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D O F A S Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D O F A S 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 D O F A S Limited. You consider that D O F A S 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 D O F A S 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.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................